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Senior 5: Costs

Costs: any expenditure made in order to produce during a period of time Direct cost (DC): costs that could be associated, identified, allocated straight with each unit of a product Indirect cost (IC): costs that cannot be associated with any … Continue reading

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Senior 5 financial statements: Cash flow statement

In this statement the company will register a break down of the main cash outflows and inflows. Cash outflows All of the expenditures in raw materials or finished goods for the period could have been paid in cash (outflow) or … Continue reading

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