Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit.

Supporters say the change is important to stop cheap Chinese goods from entering the U.S. But the decision could drive up prices for goods Americans buy online.

A survey of CFOs and finance leaders across all industries reveals that while most still see value in pay bumps for staff, increases may be slowing.

However, the goods produced by the country's industry are primarily sold on the domestic market. The export of oil and petroleum products is therefore an important source of income for the government.

President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs.

Closing entries reset revenue, expenses, and dividends, helping to prepare books for a new period and ensuring accurate reports.

Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.

Like a growing number of U.S. shoppers, Jennings believes retail prices will soon rise because of Trump’s tariffs.

The cost approach is a method of real estate valuation where the value of real property is determined by what it would cost to rebuild if it was destroyed.

City Goods, a local incubator for small businesses, is shutting its doors permanently. Ohio City Inc. will close up shops at the end of January.

The Duchess of Sussex released her first lifestyle products to a welcoming public Wednesday morning—$121 for her total lifestyle haul—but the honey was gone in five minutes.