Several major retailers in the U.S. use a century-old accounting practice known as “the retail inventory method,” which relies on retail prices to estimate inventory, even though it fails to take full ...

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

What is cost basis in crypto? In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or ...

Many recipes will offer the “per serving” estimate, but here's how to figure out how much the total recipe will cost you based on every ingredient you're using. Cooking your own meals at home has ...

Having lived in several states, owning primary residences and investment properties, Josh Patoka uses his experience using mortgages and HELOCs to help first-time home buyers and home owners find the ...

Inventory management plays a vital role in the success of any business, and one of the most widely used methods for tracking inventory is the First-In-First-Out (FIFO) method. In this article, we’ll ...

Managing and keeping track of a company’s inventory is a crucial task for businesses of all sizes. One of the essential aspects of inventory management is calculating the ending inventory, which ...

Anyone who has dealt with trading in traditional finance is likely to be aware of profit and loss (PnL). But is PnL in the cryptocurrency world the same? The ability to comprehend terms like ...

While the organizational costs of incivility and toxicity are well documented, bullying at work is still a problem. An estimated 48.6 million Americans, or about 30% of the workforce, are bullied at ...