Accounting
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Accounting
The Most Common Asset Depreciation Methods
Before we start explaining what is asset depreciation and what are the best depreciation methods, let’s first define the “fixed …
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Demand & Inventory Forecasting Methods Explained
Demand forecasting is basically looking into the future and predicting how your products will sell by using previous sales data …
Use This Formula to Calculate Economic Order Quantity (EOQ)
For many businesses, inventory is the biggest asset. These companies must have enough inventory to satisfy the demand of their …
Moving Average Formula For Inventory Costs
Product cost variations affect the value of inventory and complicate the process of calculating costs of goods sold. For SMBs …
A Look Inside Starbucks’ Seamless Supply Chain
After almost 50 years in business, Starbucks now has more than 25,000 retail stores across six continents with annual revenue …
What Is Landed Cost & How Do You Calculate It?
In the simplest sense, landed cost refers to the total cost of a product after it arrives at a buyer’s …
What Is Sell Through Rate & How To Calculate It
Sell through rate is a calculation that evaluates the performance and ROI of certain inventory items during sales. To be …
How to Calculate Beginning & Ending Inventory Costs
Beginning inventory, or opening inventory, is your inventory value at the start of an accounting period (typically a year or …
Standard Inventory Valuation & Costing Methods
Inventory management can be intimidating, but valuation and costing is actually much simpler than it appears. Of course, there’s a …
Markup vs Margin: How to Define and Calculate
Basically, both markup and margin reflect relationships between cost and price, but this reflection is not the same for markup …