If you don’t teach your kids how to manage money, somebody else will. And that’s not a risk you want to take! We’ll show you how to give your kids the head start you wish you had and set them up to win with money at any age. How to Teach Pre-Schoolers and Kindergartners About Money 1. Use a clear jar to save. Money jar is … Continue reading Ways to Teach Your Kids About Money
Have you been #laidoff due to the #pandemic? Do you have an account with Askari Bank? Have you taken a loan from Askari Bank or use their #CreditCard? Good news- rather some hopeful news- Askari Bank will view your case and accommodate with whatever they can. Askari Bank’s take: The pandemic of Covid-19 is impacting us all at a very personal level and in the … Continue reading Askari Bank facilitating COVID-19 terminated employees and self employed who suffered losses.
Even if you have a knack for closing deals or have effective brochures, advertising and website pages for generating individual sales, that’s often not enough to maximize your profits. Using a variety of sales management techniques to reach that extra 5 percent to 10 percent of your potential can mean the difference between keeping your head above water and generating profits that fund your continued … Continue reading Why Small Businesses should have a Sales Strategy
“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 […]
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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
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