What is an Income Statement?
The income statement is one of the key financial statements that businesses produce. It provides an insight into a business’ performance as it allows the user to see a business’ …
What is Gross Profit and What does it Tell us?
In our last post we discussed what Cost of Sales is and how to calculate it. We talked about how Cost of Sales is used to calculate the gross profit …
What is Cost of Sales?
Cost of Sales is simply the amount of money a business has had to spend in order to generate the sales it has made within a period. In a simple …