"authorized" italian training center

[Torsten Scheck]

On 05/23/2002 04:57 PM, Buckley, Jared wrote:
> All,
> 
> 	Here are some summary numbers from last year's financial
> performance.  The numbers for Oct, Nov, and December need to be cleaned up a
> bit, but overall they are representative of our performance last year.  I've
> been working on refining our tool for 2002 so I haven't had a chance to go
> back to last year's numbers and clean them up yet.  I hope this helps.  (Let
> me know if you can't read the attachment.)

Jared,

Is   revenue  =  exam sales
and     COGS  =  cost of exam delivery (VUE)?

If not, of what consists COGS?

Thanks,
Torsten

---
For all who are not familiar with the English accounting
expressions I gathered some explanations from
http://www.iusb.edu/~mfox1/w100/18.htm :

Revenue
* Revenue is the value of what is received for goods sold,
  services rendered, and other financial sources.
* There is a difference between revenue and sales.
* Most revenue comes from sales, but there could be other
  sources of revenue, such as rents earned, interest earned,
  and so on.

COGS Cost of Goods Sold
* COGS measures the cost of merchandise sold or cost of raw
  materials or parts and supplies used for producing items for
  resale.
* The COGS includes the purchase price plus any costs associated
  with obtaining and storing the goods.
* Gross margin is how much the firm earned by buying and selling
  or making and selling merchandise.
* In a service firm, there may be no cost of goods sold.
* In either case, the gross margin doesn't tell you everything-you
  must subtract expenses.

Operating Expenses
* Operating expenses include rent, salaries, supplies,
  utilities, insurance, and depreciation of equipment.
* After all expenses are deducted, the firm' net income before
  taxes is determined.
* After allocating for taxes, you get to the bottom line, the
  net income (or net loss) the firm incurred from operations.

Liabilities
* What the business owes to others.
* Current liabilities are payments due in one year or less.
* Long-term liabilities are payments not due for one year or longer.
* Accounts payable are monies owed for merchandise and services
  purchased on credit but not paid for yet.
* Notes payable, are short-term or long-term promises for
  future payment.
* Bonds payable are money loaned to the firm that it must pay back.