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The Cayman Turtle Centre [1] is a conservation facility and tourist attraction located in the district of West Bay in Grand Cayman, Cayman Islands.First established in 1968 as "Mariculture Ltd" and later called "Cayman Turtle Farm" by a group of American and British investors, the facility was initially used to breed the endangered green sea turtle for commercial purposes.
Cost of goods sold (COGS) (also cost of products sold (COPS), or cost of sales [1]) is the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost.
Cost of sales, also denominated "cost of goods sold" (COGS), includes variable costs and fixed costs directly related to the sale, e.g., material costs, labor, supplier profit, shipping-in costs (cost of transporting the product to the point of sale, as opposed to shipping-out costs which are not included in COGS), etc.
"As one of the architects of modern Cayman, especially the financial industry, Sir Vassel guided the steady growth of these Islands as the first financial secretary. His remarkable vision set the foundation for the prosperity and economic stability of these islands. Without his input, Cayman might well have remained the islands that time forgot ...
Cost of goods available for sale is the maximum amount of goods, or inventory, that a company can possibly sell during an accounting period. It has the formula: [ 1 ] Beginning Inventory (at the start of accounting period) + purchases (within the accounting period) + Production (within the accounting period) = cost of goods available for sale
The Cayman Turtle Farm is a 23-acre marine park [36] that operates in the West Bay district of Cayman Islands. They raise green sea turtles, primarily for their meat, a traditional food in Caymanian culture which was increasingly scarce in the wild. The farm, established in 1968, can produce more than 1800 turtles a year, but some of the farmed ...
The latter utilize cost drivers to attach activity costs to outputs. [1] The Institute of Cost Accountants of India says, ABC systems calculate the costs of individual activities and assign costs to cost objects such as products and services on the basis of the activities undertaken to produce each product or services. It accurately identifies ...
In the past, most of the people of the Cayman Islands got their livelihood from the sea through fishing, turtle harvesting, and as merchant seamen. Cayman Sea Salt and Cayman Logwood products are now locally made and exported. In the 21st century the islands have thrived in the finance and tourism sectors.