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If pathogenic microorganisms are all around us,including in the air,on surfaces,and even on our own skin,explain why we don't all develop new infectious diseases every day.
Asset
Anything of value owned or controlled by a business, entity, or individual that can be used to generate income or settle liabilities.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated for financial reporting and tax purposes.
Cost of Goods Sold
Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a company, including the material and labor expenses.
Gross Profit
The distinction between sales income and the expense of goods sold prior to subtracting overhead costs, wages, taxes, and interest charges.
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