In business, there are two kinds of costs: direct costs and indirect costs. What are Direct Costs? A direct cost is the cost of producing goods or services, including raw materials and labor. Direct costs are only reported once the … Read More »

Income statement is a common term, but are you aware of everything it comprises? An income statement is a history book of the sales, costs, and expenses over a given period of time. Publicly traded companies are required to publish … Read More »