The Cash Cow Matrix is a Boston Consulting Group (BCG) Growth-Share Matrix. This strategic management tool helps companies understand which products or services are making a lot of money and have high market growth and market share. Cash cows are known to be a company’s most valuable and competitive product or business divisions as they… Read More
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by • July 31, 2023
Difference between fixed and current assets with examples
by • March 10, 2020
Enterprises hold the current asset in the form of cash or their regeneration into cash or for utilising it in by furnishing goods and services. Ratios like the current ratio (current assets divided by current liabilities) and the quick ratio (current assets excluding inventory) gauge your ability to meet short-term obligations. Having liquid assets, like… Read More
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What Is A Debtor? How Is It Different From A Creditor?
by • July 5, 2023
In other cases, the creditor may take the debtor to court in an attempt to have the debtor’s wages garnished or to secure another type of repayment order. In accounting reporting, creditors can be categorized as current and long-term creditors. The debts are reported under current liabilities of the balance sheet. Debts of long-term creditors… Read More
How to Prepare an Income Statement Under Absorption & Marginal Costing Chron com
by • March 9, 2020
Unlike variable costing, it covers fixed costs and inventories while calculating the cost per unit. This is not right because fixed costs remain the same regardless of the units produced. Under the absorption costing technique cost data are presented in the conventional form. Starting from the sales value of each product line, direct costs are… Read More
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How to Calculate Direct Labor Efficiency Variance? Definition, Formula, and Example
by • March 19, 2020
Review this figure carefully before moving on to the next section where these calculations are explained in detail. An unfavorable top 10 best mac accounting software for your small business happens when the actual hours worked is greater than the expected or standard hours. The direct labor efficiency variance is one of the main standard… Read More