3/9/2024 0 Comments Cogs and accounts payable![]() Code Part 7000.ĬOGS means all Manufacturing Costs that are directly and reasonably attributable to manufacturing of an Existing Product or an Improved Product, as the case may be, in accordance with US GAAP for commercial sale in the countries where such product has been launched. ![]() Unallowable Costs has the same meaning as in 44 Ill. Royalty Rate means the percentage defined in Exhibit B. State average current expense appropriations per student means the most Own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)Īnticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State. Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business. Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage ![]() Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident. Gross Profits means the gross profits calculated under section 4 Net Sales Revenue shall have the meaning as set out in Schedule "A" Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services. ![]() Related to Cost of Goods Sold for Accounts PayableĬost of Goods means, with respect to Product:Īccounts Payable means all trade and other accounts payable, including accrued expenses, owed by the Company. Assuming April 28 to is the last full fiscal month, the aggregate cost of goods sold for Accounts Payable during the period between May 26 and June 18, 2020, shall be the actual accruals of the cost of goods sold for Accounts Payable of. Assuming February 25 to Mais a fiscal month, the cost of goods sold for Accounts Payable for the period between March 20 and Mashall be the product of (x) the quotient of (a) 11 days divided by (b) 35 days multiplied by (y) the cost of goods sold for Accounts Payable in such fiscal month. For example, assuming the Cut-Off Date is June 18, 2020, the Cost of Goods Sold for Accounts Payable shall mean the aggregate cost of goods sold for Accounts Payable for the period between March 20 and June 18, 2020. A fiscal month of the Company Subsidiaries can be either four or five weeks, of which the period may not match a calendar month. For the period between the next calendar day after the end of the last full fiscal month in the 91 days period and the Cut-Off Date, the aggregate cost of goods sold for accounts payable shall be the actual accruals of such given period. For the purpose of calculating the cost of goods sold for Accounts Payable in any given period that is less than one fiscal month, other than the period between the next calendar day after the end of the last full fiscal month in the 91 days period and the Cut-Off Date, the cost of goods sold for Accounts Payable in such given period shall be the product of (x) the quotient of (a) the number of days in such given period divided by (b) the number of days of the fiscal month where such period falls multiplied by (y) the cost of goods sold for Accounts Payable in such fiscal month. For the purpose of this Agreement, the cost of goods sold for Accounts Payable shall consist of the costs of raw materials, labor, services provided by any third Person (other than any of the Company Subsidiaries), depreciation and overhead expenses, for the manufacture of the products by all Company Subsidiaries. Cost of Goods Sold for Accounts Payable means, the aggregate cost of goods sold for Accounts Payable for the 91 days period immediately preceding and through and including the Cut-Off Date of all Company Subsidiaries, on aggregate basis, as determined in accordance with PRC GAAP and shall be calculated in accordance with the principles, policies, procedures, categorizations, definitions, methods, practices and techniques set forth in the Illustrative Calculation of Accounts Payable.
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