This means you might need to reduce the time it takes for your customers to pay back for the product they purchased before they make a new purchase. You can also benefit from a smaller inventory cycle, which means you might need to shrink the time between raw materials entering...
We see that total fixed costs remain unchanged, but the average fixed cost per unit goes up and down with the number of boats produced. As more units are produced, the fixed costs are spread out over more units, making the fixed cost per unit fall. Likewise, as fewer boats...
Remember, accurate financial data is your blueprint for success in the competitive construction world. Another key benefit of cloud-based solutions is that they provide seamless mobile access for on-site teams. This enables them to access project information and communicate with other team members from anywhere. This can improve collaboration and...
Benefits include health, dental, vision, life insurance, generous PTO and paid holidays, a 401(k) plan with employer matching, a casual dress code, complimentary weekly lunches, access to an on-site gym, and a dynamic, fun workplace. Our office is conveniently located on the North end of Fort Lauderdale near I-95. Schedule...
The same can happen if you don’t categorize your transactions right. One of the most important aspects of financial transactions is recording them accurately. This involves keeping track of all the money that comes in and out of a business. An accounting ledger is a book or system you use for recording...
I know it's a little premature, but it never is when we start talking about holiday because it has such a long lead time coming in. And the lineup we have this year is very strong for the back half of the year as well. I believe we've got all...
If you're wondering how labor costs affect your company, keep in mind that labor cost isn’t just about the hourly rate you pay your employee. Labor costs include many other expenses that your company covers. Just divide your total labor sales by the number of hours sold or billed during...
This transaction affects both sides of the accounting equation; both the left and right sides of the equation increase by +$250. This transaction affects only the assets of the equation; therefore there is no corresponding effect in liabilities or shareholder’s equity on the right side of the equation. However, due...
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