Bookkeeping 101

From its most recent audited financial statements, advertising and promotions represented over 35 percent of total expenses. Such a high percentage of expenses devoted to advertising is unheard of in for-profit companies, which simply cannot both com…

Due to the budget constraints it might be difficult to effectively apply the most appropriate methodological instruments. A PERT chart, sometimes called a PERT diagram, is a project management tool used to schedule, organize and coordinate tasks with…

The net profit margin concerns a company’s ability to generate earnings after taxes. Return ratios offer several different ways to examine how well a company generates a return for its shareholders. Some examples of profitability ratios are profit ma…

The second level of profitability is operating profit, which is calculated by deducting operating expenses from gross profit. Gross profit looks at profitability after direct expenses, and operating profit looks at profitability after operating expen…

Production volume measures the total amount your company can produce over time. This KPI tracks the total number of products manufactured over a set period of time (days, weeks, months, quarters, years) and focuses on total output….

The company’s published subscriber count increased from one million in the fourth quarter of 2002 to around 5.6 million at the end of the third quarter of 2006, to 14 million in March 2010. Netflix’s early growth was fueled by the fast spread of DVD …

Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school. It includes an artist’s creation of a painting as well as the work of the pilot…

procurement strategy should also be shaped with its market placement, company capabilities, and management issues in mind. The company needs the right people in place to put into action the beliefs/philosophies you want your business to be governed b…

Manufacturing companies need to know how much it costs to manufacture a product in order to set their sales price and determine if it’s producing a profit. Product costing is the process of determining the business expenses associated with the manufa…

This money received is termed as gross profit and it is inclusive of all the costs and expenses associated with the production and other related expenses. On the other hand, it is the final amount of money left with the seller after bearing all the e…