inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems
inventory at the beginning of a period, adds new inventory purchases during the period and deducts ending inventory to derive the cost of goods sold (COGS)
The revenue a business earns from selling its goods and services
calculated by dividing the difference between an asset's cost and its expected salvage value by the number of years it is expected to be used.
inventory that records the most recently produced items as sold first
the income that a business has from its normal business activities
when total expenses exceed total revenues
include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems
resources owned by a company and which have future economic value that can be measured and can be expressed in dollars.
the net amount of cash and cash-equivalents being transferred into and out of a business
calculated by dividing liquid current assets by total current liabilities
Cash and other resources that are expected to turn to cash or to be used up within one year of the balance sheet date.
the amount of money that would be returned to shareholders if all of the assets were liquidated and the company's debt was paid off.
obligations of the company
money spent, or costs incurred, by a business in their effort to generate revenues