book value	cost -accumulated depreciation
stright line method	charges an equal sum each year
variance	standard cost- actual cost
COGS-cost of goods sold	expenses involved in producing + selling goods
financial statements	documents giving financial information that companies have to provide to stockholders
floating exchange rate	one that changes according to the supply of and damand for a currency
freight	goods or cargo carried on a train, aeroplane, lorry or ship
amortization	depreciating an intangible assets over its projected life
balance of trade	what a country pays for import-what receives for exports of tangible goods
balance of payment	what a country pays for its import and receive for its exports of both goods and services
compensation	money paid for a loss, injury, etc
carrier	a business that transports goods