What So the Words “In Transit” Actually Mean?
This article will explain what being in transit is. It is simply to be in the process of moving from one place to another or moving a product or service from one place to another. Table of Content What does in transit mean in shipping? What does “In Transit” mean in USPS? What does in […]
What is the Cost of Goods Sold (COGS) & How to Calculate
Cost of Goods Sold (COGS) refers to the direct costs of producing the goods a company sells. In calculating COGS, include only direct costs like materials and labor and exclude all indirect costs. As an important metric in ascertaining gross profit, COGS tells the story of your company’s financial health. You must understand COGS’s relationship with your […]
