From: Rod R. <ro...@su...> - 2001-06-22 14:39:57
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On Friday 22 June 2001 06:59, Jonas Smedegaard wrote: > ... > > COGS => Think this is a apprevation for buying some goods??? Where > > does it stand for??? > > I looked it up and found the term "Cost of goods sold". in my danish > translation I made it something like "Sales expenses", but I think > it refers only to the loss of storing goods (non-virtual goods that > is). I'm pretty sure COGS means exactly what the words say. I.e., you buy a dozen widgets from your distributor at $10 each. You sell 8 of them. Your COGS is $80. The other 4 are accountable as inventory. -- Rod http://www.sunsetsystems.com/ |