Help center glossary - Economy

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Looking for specific information or having doubts on how to install your floor? On this page, you will find answers to the most commonly asked questions about our company and our products. If you do not find what you are looking for, please contact us for any further information.
 

ECONOMY   LOGISTICS   MARKETING   PRODUCTS   ENVIRONMENT   INSTALLATION   MAINTENANCE  NORMS AND TESTS  STANDARDS   ABBREVIATIONS

ECONOMY

A / B / C / D / E / F / G / H / I / J / K / L / M / N / O / P / Q / R / S / T / U / V / W / X / Y / Z
 

C

Cash discount
Cost for early settlement discount

Cash-flow
Money available to pay employees, suppliers and dividends

Cash-Flow operating
Source of funds – use of funds for the normal business

Claims
Costs for all credit notes (external and internal) for claims except product quality problem claims (costs in consolidated COGS)

COGS = Cost of Goods Sold
Direct costs linked to the production of the products. They are booked in the P&L at the same time as the related sales in standard costs (internal P&L presentation)

Consolidated
Quality of item considered form a Group point of view / then the Group is one unique entity without the internal flows

Contribution 1
Contribution on direct costs = sales – direct costs

Credit notes
Opposite of invoice, if another invoice is not issue it is like giving cash!

Current
Items due or that will be due in less than one year (short term)

Customers
Or clients or debtors