Larry Tesler, the computing pioneer behind cut, copy and paste, has died at the age of 74. The IT whizz was born in the Bronx, New York, in 1945, and later studied computer science at Stanford University in California. Tesler’s prime focus was always human-computer interaction (aka user interface design), putting his skill-set to work at the likes of Amazon, Apple, Yahoo, and the Xerox … Continue reading Underrated Hero Dies at 74, he invented cut,copy and paste.
“Net sales” and “gross profit” are similar–but not identical–concepts in business economics. Like the similar phrases “gross profit margin” and “net profit,” both of which can easily become confused with either of the other two, they’re different ways of measuring the influx of money into a company. Identifying the separate values allows business accountants to pinpoint what’s working and what isn’t with the structure and … Continue reading Difference between Net Sales and Gross Profit?
How to Calculate a Blended Gross Profit Margin Gross profit margin is a ratio that indicates how much of a company’s revenue represents earnings before selling and administrative expenses. A business can calculate a gross profit margin for an individual product or it can calculate gross profit margin for all sales across all product and […]
Variable costs are business expenses that directly relate to the volume of production or product acquisition in a company. In contrast, fixed costs are those that remain constant regardless of a company’s output. Manufacturing materials, labor expenses and transaction fees are some of the most common examples of variable costs. Manufacturing Materials Direct manufacturing materials may be the purest example of a variable cost in … Continue reading Understanding Variable Costs
A press briefing was conducted by Chief Executive and Managing Director (CE&MD) Fauji Fertilizer Company (FFC) Lt Gen Tariq Khan HI(M), (Retd) aimed to apprise media and general public about misperceptions on reduction of Gas Infrastructure Development Cess (GIDC) issue and also explain facts and figures to quell negative image being associated with FFC.However, ratification of ECC’s recommendation by Federal Cabinet and the Government’s notification … Continue reading FFC welcomes Govt decision to reduce GIDC prices by 400 Rs
COGS, or cost of goods sold, is a calculation frequently used in businesses to determine the direct expense of production of a product. The COGS includes the cost of the materials used in creating your product and also includes any labor used to get the product to market. Distribution costs and sales team costs are never included in the COGS formula. Your business’ income statement … Continue reading How to: Calculate COGS
If you are in a manufacturing business, your company will have manufacturing costs. These costs appear on your company’s general ledger and are eventually transferred to the company’s income statement. If part of your manufacturing process requires a factory, the total square footage of your factory will help you determine your manufacturing costs per square foot. Shrinking your manufacturing costs per square foot will save … Continue reading How to Calculate Costs Per Square Foot for Manufacturing
Announcement of BankHoliday on January 1, 2020. Continue reading State Bank announces Bank Holiday on 1st January
Attention General Public: Sale, purchase and transfer of foreign currency through Hawala or Hundi operators is illegal. – State bank of Pakistan Continue reading State bank of Pakistan warns Public
You are free; you are free to go to your temples. You are free to go to your mosques or to any other places of worship in this State of Pakistan. You may belong to any religion, caste or creed—that has nothing to do with the business of the state. M.A Jinnah Warm greetings and best wishes to all on this joyous occasion of #Christmas Continue reading Happy birthday M A Jinnah and Merry Christmas 🎄