Total cost of ownership is a way to calculate how much something will really cost over time (purchase price plus ongoing costs).
A write-down is when a business admits that something it owns is worth less than previously thought.
Deferred liabilities are bills that companies put off paying for years, and sometimes try to get out of altogether.
‘Cash accounting’ is the way many small businesses track their results: by measuring how much cash comes in and goes out.
Gross margin is the profit you make when you subtract the direct costs of producing your product from the price you sell it for.
Fixed costs are things you buy once for your business, and then use for a long time.
Variable costs are things you use up as you go in your business: the more business you do, the more you must spend on them.