Cost of Goods Sold, or COGS for short, is all about the money a company spends to make the stuff it sells. It’s like the recipe cost for a baker – how much they spend on flour, sugar, and eggs to bake a cake. COGS covers the obvious expenses: the raw materials that go into the product and the wages paid to the workers who make it. But it doesn’t include things like advertising the product or shipping it to customers. Basically, COGS tells you how much it costs to create a product before you start worrying about selling or delivering it. It’s a crucial number for businesses because it helps them figure out how much profit they’re really making on each sale.
Google’s $75B AI Investment Plan for 2025
In a statement from CEO Sundar Pichai on Alphabet’s Q4 2024 earnings release, the company said it intends to spend about $75 billion in capital expenditures in 2025. This is a significant increase from the $32.3 billion that was spent in 2023 and shows how the competition between tech giants to boost their AI capabilities […]