Sundry income is a nonmaterial source of income and is generally trivial in relation to a company's income from operations. Even though sundry income may not make up a large part of a business’s income, this does not mean the amounts are negli... Read more
For example, let’s consider garment products of different sizes manufactured. The SUBTOTAL function will help you to get a count of different sizes in your warehouse. The SUBTOTAL Function[1]in Excel allows users to create groups and then perf... Read more
Reported separately from COGS, these expenses are deducted from gross margin to determine a company's net income. Indirect selling expenses occur throughout the manufacturing process and after the product is finished. Don't confuse these expenses wi... Read more
Also, shareholders would want the company to focus on expansion, acquisitions, mergers, and other activities that increase the company’s profitability and overall financial health. Although shareholders do not take part in the day-to-day runni... Read more
In some situations, the words invert and reverse are roughly equivalent. However, invert applies chiefly to turning upside down or inside out. Reverse is the most general term and may imply change in order, side, direction, meaning. Transpose implie... Read more
Although there are multiple formulas, return on assets (ROA) is usually calculated by dividing a company's net income by the average total assets. Average total assets can be calculated by adding the prior period's ending total assets to the current... Read more
Any item that impacts net income (or net loss) will impact the retained earnings. Such items include sales revenue, cost of goods sold (COGS), depreciation, and necessary operating expenses. If the company had not retained this money and instea... Read more
With a quick ratio of over 1.0, Johnson & Johnson appears to be in a decent position to cover its current liabilities as its liquid assets are greater than the total of its short-term debt obligations. Procter & Gamble, on the other hand, m... Read more
The actual price you pay for each scanner is $490, which is $10 less than planned. Race-to-the-bottom pricing is not the only way to improve the cost efficiency of your organization. In truth, organizations must balance cost savings with value crea... Read more
However, instead of being owned and operated by the government, quasi-public companies are privately owned and operated. They benefit from receiving some government funds and are mandated by the government to provide public services. So, rather than... Read more
