finance
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3 Places to Cut Costs That Won’t Hurt Your Bottom Line
- September 30, 2020
- Posted by: David Marshall
- Category: Business, Management
No CommentsCompanies looking to save money and trim the fat without affecting salaries can cut costs in a few key areas that can help you reduce your overall costs without hurting your bottom line or the people who work for you. There are a few places where you can make cuts to your outside expenses without
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What Is Standard Costing in a Manufacturing System?
- September 11, 2019
- Posted by: David Marshall
- Category: Business, Manufacturing, Measurement
If you’re new to manufacturing, you’ll soon learn about a standard costing system, which is the standard cost of an item including material, labor, and overhead. This creates an inventory value, which is not the selling price of the inventory, but the production costs of it. For example, if it costs you $150,000 to make
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How to Avoid Business Debt
- August 29, 2018
- Posted by: David Marshall
- Category: Business, Measurement
Business debt is the one killer to a company’s bottom line, and you need to avoid it whenever possible. If you’re not careful, you can get in over your head and spend most of your profits trying to dig out from it. Whenever I had a position of leadership in any organization, I always brought