current events
How does quality affect profitability?
The main goal of quality improvement is improved profitability. Greater quality reduces manufacturing costs due to lower scrap levels, less rework and red...
Jan 01, 2026 0 views
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current events
Where is cost of revenue found on financial statements?
Cost of revenue can be found in the company income statement. Generally, any costs that are directly connected with manufacturing and distribution of good...
Jan 01, 2026 0 views
current events
What are advantages and disadvantages of standards?
Benifits, Advantages and Disadvantages of Standards Market Growth for new and emerging technologies. Reduce development time and cost. Reduce market risks...
Dec 31, 2025 0 views
current events
How do you record cost of goods sold in accounting?
Journal Entry for Cost of Goods Sold (COGS) Sales Revenue – Cost of goods sold = Gross Profit. Cost of Goods Sold (COGS) = Opening Inventory + Purchases –...
Dec 31, 2025 0 views
current events
What is indigenous bookkeeping?
Informal or indigenous bookkeeping system is the system where a user of this system. makes only one entry to enter a business financial transaction. This ...
Dec 31, 2025 0 views
current events
How does paying rent in advance affect accounting equation?
The Accounting Equation In this case the asset (pre paid rent) has been reduced by 1,000 and the income statement has a rent expense of 1,000. The expense...
Dec 31, 2025 0 views
current events
Does amortization affect operating cash flow?
Operating cash flow starts with net income, then adds depreciation/amortization, net change in operating working capital, and other operating cash flow ad...
Dec 31, 2025 0 views
current events
Is depreciation expense a cash expense?
Depreciation is a non-cash expense, which means that it needs to be added back to the cash flow statement in the operating activities section, alongside o...
Dec 31, 2025 0 views
current events
How is arbitrage profit made?
Arbitrage occurs when an investor can make a profit from simultaneously buying and selling a commodity in two different markets. For example, gold may be ...
Dec 31, 2025 0 views
current events
What is the meaning of total sales?
Total sales or gross sales is defined as the value of all invoices for an accounting period, such as a month or a year before making adjustments. Typicall...
Dec 31, 2025 0 views
current events
When was the first Remington 1100 made?
1963 The 1100 was first produced in 1963. According to Remington history it was designed by Wayne Leak and R Kelley. It was the first auto loading shotgun...
Dec 30, 2025 0 views
current events
What are the five objectives of promotion?
In nutshell, main objectives of market promotion can be described with reference to below stated points: To Stimulate Demand: It is the primary objective ...
Dec 30, 2025 0 views
