Examlex
The costs of bringing a corporation into existence, including legal fees, promoters' fees, and amounts paid to the government are called:
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.
Sales
The process where goods or services are traded for money, which constitutes the main revenue stream for the majority of companies.
Operating Cycle
The period it takes for a business to buy inventory, sell it to customers, and collect the cash from these sales.
Credit Sales
Revenues earned by selling goods or services that are paid for over time under agreed payment terms, rather than paid in full upfront.
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