Crisis management Set up a Crisis Management Team (CMT) as soon as possible to oversee major issues, formulate contingency plans, coordinate and align implementation of different departments, and ensure speedy responses and decision-making. If you already have a CMT, review and revise the representatives. Are the right people on the team as this situation rapidly develops? Communicate proactively Managing different stakeholders’ expectations and priorities during … Continue reading Crisis Management Planning to Better Cashflows
Reddit has released its Transparency Report 2019 showing the amount of requests that required the platform to remove content or disclose private user data. Out of 2.77 billion pieces of content created on Reddit in 2019, just over 53 million were removed for a variety of reasons. They include harassment, (39 percent), minor sexualization (25.2 percent) and violence (16.6 percent). The report also contained some … Continue reading Pakistan Fourth For Reddit Content Removal Requests
When every other store is being materialistic and increasing the price 300% and more Shaheen Chemist is the real hero. This is from their Social Media post: Shaheen is giving away free mask as a precautionary action against coronavirus that has hit Pakistan.We are here for you! Continue reading Humanity prevails! Shaheen Chemist gives out free masks!
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