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- Title
BUSINESS IN VETERINARY PRACTICE - FINANCE FOR BEGINNERS.
- Authors
McKay, Susan
- Abstract
The article offers information on various business and financial terms regarding veterinary practice. It says that the gross profit is derived by getting the difference between the costs of good sold (COGS) from the value of sales. It mentions that the net profit is the remaining cash after all costs have been deducted. It adds that the amount of money which is combined to finance daily operations is called the working capital.
- Subjects
FINANCIAL literacy; FINANCIAL management; VETERINARY medicine; GROSS margins; COST of sales; WORKING capital; STANDARDS; ECONOMICS
- Publication
Veterinary Ireland Journal, 2011, Vol 1, Issue 9, p500
- ISSN
2009-3942
- Publication type
Article