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What is it called when the prices of goods go up faster than the value of money?
inflation
What items make up cost of goods sold?
Cost of Goods sold is made up of The purchase price of the items ,cost of brinnging goods to pint of sale(carriage inwards) and value ofgoods that might be in stock at begging of period in question less the valueof goods that stillremain as carrying invetontory at end of period in question.
How do you calculate cost of goods sold with a mark up?
Calculate it, Idiot.
What type of Account is cost of goods sold?
Cost of goods sold is an expense account that shows up on the income statement. It is subtracted from sales to calculate gross margin.
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
The goods whose quantity demanded increases as income goes up are called what?
normal goods
What is an economic definition of normal good?
Normal goods are any goods for which demand increases when incomes go up, and for which demand decreases when incomes go down. Normal goods tend to be luxury goods. If incomes go up, more people will be yachts. If incomes go down, fewer people will be yachts.
What is gross profiit?
Gross profit is the answer to this equation:Sales - Cost of Goods Sold (COGS).So, add up your sales, then minus the cost you incurred to create those goods you just sold.
What is the meaning of exfactory price?
EX-FACTORY - Seller owns goods until they are picked up at his factory; selling price is the cost of the goods.
What is the meaning of ex factory?
EX-FACTORY - Seller owns goods until they are picked up at his factory; selling price is the cost of the goods.
If the flotation cost goes up the cost of retained earnings will?
go up
How much will it cost to import goods from Mexico?
Depending on the product and recipient country, it can be 0% up to 3000% of the original cost. For the US it is 0%.
