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When a program has vague or diffuse goals, evaluators
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
LIFO Reserve
The difference between the cost of inventory calculated using the Last-In, First-Out (LIFO) method and the cost calculated using the First-In, First-Out (FIFO) method.
FIFO Costing
First-In, First-Out, an inventory valuation method that assumes that the first items placed in inventory are the first sold.
Cost of Goods Sold
The total direct costs attributable to the production of goods sold by a company, including materials and labor expenses.
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