COST OF SALES Definition

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COST OF SALES see COST OF GOODS SOLD.

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NET RECEIVABLES are a companys accounts receivable (money owed to the company) minus any provisions for bad debts. A firm with a sustainable competitive advantage shows a lower percentage net receivables to gross sales than their competitors, i.e. a firm with a sustainable competitive advantage need not be generous with credit.

BANK BASE RATE is the annual interest rate on which British banks calculate lending charges (minimum lending rate).

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