Search results
Results from the WOW.Com Content Network
The economy of Aruba is an open system, with tourism currently providing the largest percentage of the country's income. Because of tourism's rapid growth in the last 80 years, related industries like construction have also flourished in Aruba. Other primary industries include oil refining and storage, as well as offshore banking.
The oldest cost (i.e., the first in) is then matched against revenue and assigned to cost of goods sold. Last-In First-Out (LIFO) is the reverse of FIFO. Some systems permit determining the costs of goods at the time acquired or made, but assigning costs to goods sold under the assumption that the goods made or acquired last are sold first.
The sales price, net of discounts, less cost of goods sold is included in income. [12] Gains on disposition of other property. Gain is measured as the excess of proceeds over the taxpayer's adjusted basis in the property. [13] Losses from property may be allowed as tax deductions. [14] Rents and royalties from use of tangible or intangible ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
Menu costs are the costs incurred by the business when it changes the prices it offers customers. A typical example is a restaurant that has to reprint the new menu when it needs to change the prices of its in-store goods. So, menu costs are one factor that can contribute to nominal rigidity. Firms are faced with the decision to alter prices ...
This list is incomplete ; you can help by adding missing items. (December 2008) 0–9 A map of Aruba.aw – Internet country code top-level domain for Aruba 1977 Aruba general strike (part of Aruba's political battle for autonomy) A Airports in Aruba Americas North America North Atlantic Ocean West Indies Caraïbische Zee (Caribbean Sea) Antillen (Antilles) Kleine Antillen (Lesser Antilles ...
It is computed as the residual of all revenues and gains less all expenses and losses for the period, [2] and has also been defined as the net increase in shareholders' equity that results from a company's operations. [3] It is different from gross income, which only deducts the cost of goods sold from revenue.
Gross margin is a calculation of revenue less the cost of goods sold, and is used to determine how well sales cover direct variable costs relating to the production of goods. Net income/sales, or profit margin , is calculated by investors to determine how efficiently a company turns revenues into profits.