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Finance book 3 units 3-4
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the difference between net sales and cost of sales
margin
a statement of revenue and expense
profit and loss account
total expenses for inventory sold in a period
costs of goods sold
total gains before taking out taxes and finace costs
gross profit
costs of business operation unrelated to the products themselves
overhead
assets that are more than current liabilities that are used to finance operations
working capital
profit that is earned but not spent
retained profit
debts that must be paid within a year
current liabilities
a decline in the value of an asset
depreciation
to fail to make payments on a loan
default
the physical location of a business
plant


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