Academy

Accounting

Straight Line Depreciation: Definition, Formula, Examples & Journal Entries

All businesses require some sort of machinery or equipment or any other physical asset that helps them to generate revenue.…

10 min read Jun 8, 2021

CRM

What is a Brand Positioning Statement and How to Create One

Let’s say that you are preparing to launch a new product for your business. You’ve likely spent countless…

9 min read Jun 2, 2021

Accounting

Understanding Intangible Assets - Non-Physical Assets with Considerable Value

An element or resource that is not physical but assigns a considerable value to a company is called an intangible…

10 min read Jun 2, 2021

Inventory

What is LIFO Method in Inventory Valuation

Accounting for inventory encompasses a host of methods that are applied by companies for financial reporting. LIFO or the Last…

5 min read Jun 1, 2021

CRM

How to Build Brand Awareness in 2022

Brand awareness is a prevalent marketing term that describes the degree of consumer recognition of a product by its brand…

14 min read Jun 1, 2021

Inventory

Understanding EOQ - Economic Order Quantity

A million-dollar question, literally and figuratively in every business, big or small, is “How much to order?”. EOQ helps answer…

5 min read Jun 1, 2021

Academy

Supply and Demand: Law, Curves, and Examples

Organizations spend a significant amount of money to determine the level of public demand for their products and services. There…

10 min read May 31, 2021

Academy

Managerial Accounting. All You Need to Know

Managerial accounting goes beyond operational accounting and is the application of financial reporting, assumptions, frameworks, and methodologies to complement the…

10 min read May 31, 2021

Academy

What is Price Elasticity?

Thinking about changing the price of your products but not sure how your consumers will respond to it? Not sure…

8 min read May 31, 2021

Accounting

Guide to Gross Income Vs. Net Income

The two critical profitability metrics for any business or company include the gross income and net income. The gross income…

9 min read May 29, 2021

Academy

Wholesale Business: 5 Biggest Challenges & Their Solutions

The global wholesale market is likely to reach approximately $64 billion by 2025 with the current compound annual growth rate.…

17 min read May 28, 2021

Accounting

What is Gross Profit and Gross Profit Margin?

Gross profit margin is also known as gross margin. It is a financial metric which indicates how efficient a company…

9 min read May 27, 2021