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Cost of goods sold (COGS) is the carrying value of goods sold during a period. It includes costs of purchase, conversion and other costs associated with inventory. Learn how to determine COGS, its importance, and its accounting and tax implications.
Compare income inequality metrics, including Gini coefficients, of countries or dependencies by region and year. See the ratio of the average income of the richest and poorest 10% or 20%, and the Gini index ranging from 0 to 1.
Learn about the factors and trends that affect the earnings of men and women in the U.S. workforce. Compare the median weekly earnings, the industry and occupation gaps, and the state and federal laws related to equal pay.
In 1986 free markets, called "commodity fairs," amounted to 61,000 nationwide. Once the food was procured and transported to urban areas, it was sold to consumers by state-owned stores and restaurants. In the mid-1980s food items were also available in free markets, where peasants sold their produce, and in privately owned restaurants.
Learn the definitions and differences between Macaulay duration and modified duration, two measures of the time and price sensitivity of financial assets with fixed cash flows. Macaulay duration is the weighted average maturity of cash flows, while modified duration is the rate of change of price with respect to yield.
The Pentagon Papers are a U.S. Department of Defense history of the Vietnam War from 1945 to 1968, released by Daniel Ellsberg in 1971. Ellsberg was a former RAND Corporation analyst who worked on the study and faced charges of espionage and theft for disclosing it to the public.
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