While you might not be selling the oldest item in a batch every single sale, you are likely to be moving older inventory before newer inventory. It’s the least accurate individual costing method you’re likely to use, but has value in measuring Online Store Inventory Management Guide your cost to Więcej…
When you use the accounting equation, you can see if you use business funds for your assets or finance them through debt. The accounting equation is also called the balance sheet equation. The accounting equation is based on the premise that the sum of a company’s assets is equal to Więcej…
Businesses can use this ratio when projecting profit at various levels of sales revenue. Responses should include that per-unit contribution margin is the amount by which a product’s selling price exceeds it total variable cost per unit. Cost behavior is how a cost reacts to changes in production or sales Więcej…
Knowledge in programming like SAS, MATLAB, S+ or RAD or other statistical packages will place you at a disadvantage as higher advanced languages like Java and Scala are used. FinanceWalk presents a detailed Financial Engineering career guide to finance aspirants. Artificial intelligence (AI) is already having a huge impact on Więcej…
The g-force or gravitational force equivalent is mass-specific force (force per unit mass), expressed in units of standard gravity (symbol g or g0, not to be confused with „g”, the symbol for grams). It is used for sustained accelerations, that cause a perception of weight. For example, an object at Więcej…
Combined, they reinforce and counterbalance each other to help workgroups learn faster and have more impact. These groups’ ability to accelerate their own learning and impact as they encounter exceptions can be key to improving their own operating metrics, which in turn could be critical to overall corporate performance. If Więcej…
In a movie theater, management uses standards to determine if the proper amount of butter is being used on the popcorn. They train the employees to put two tablespoons of butter on each bag of popcorn, so total butter usage is based on the number of bags of popcorn sold. Więcej…
Determine the maximum amount you can take in owner’s draws and stick to it. If the owner’s draw is too much, it could prevent the business from having sufficient funds moving forward. Understanding your equity is important because if you choose to take a draw, your total draw can’t exceed Więcej…
Understanding write-offs—and the difference between a tax write-off and a write-down can help you reduce taxable income and increase the accuracy of how you record a business’ financial situation. Learn about the write-offs that apply to your situation and don’t miss the chance to take advantage of them when they Więcej…
According to the SEC, when required for public companies, pro forma income statements are required for the fiscal year, but not for interim periods. However, for all regular income statements presented in a filing, there must also be a pro forma statement. Pro forma income statements, also called pro forma Więcej…