The inventory turnover ratio formula is equal to the cost of goods sold divided by total or average inventory to show how many times inventory is “turned” or sold during a period. The ratio can be used to determine if there
Read MoreThe law reflected a carefully crafted compromise between the fast food industry and labor unions, which had been fighting over wages, benefits and legal liabilities for close to two years. The law originated during private negotiations between unions and the
Read MoreA balance sheet is part of your company’s financial statements which also include the income statement, the statement of shareholder’s equity and the cash flow statement. For example, the balance sheet is connected to the cash gross sales vs net
Read MoreIf the percentage turns out to be negative because the market value is lower than the original purchase price—also called the cost basis—there's a loss on the investment. If the percentage is positive because the market value or selling price
Read MoreLean accounting is designed to streamline accounting processes to maximize productivity and quality. It eliminates unnecessary transactions and systems, reducing time, costs and waste. You can use it to understand what creates the most value for your customers and how
Read More