COGS (COST OF GOODS) RATIO Definition

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COGS (COST OF GOODS) RATIO = COGS / Total Sales.

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CONFIRMATION is a form detailing a particular securities transaction. It is also referred to as a ticket, a trade memo, a trade memorandum or an advice.

BLACK MARKETS are created when buyers and sellers meet to negotiate the exchange of a prohibited or illegal good. More generally, it is any unofficial market in which prices are inordinately high.

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