John A.Tracy

The Fast Forward MBA in Finance

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  • b5763570870has quoted5 years ago
    are the same for both internal and external financial reports.
  • b5763570870has quoted5 years ago
    Variable operating expenses
  • b5763570870has quoted5 years ago
    The interval of time from acquisition of the product to the sale of the product equals one inventory turnover.
  • b5763570870has quoted5 years ago
    Profit is measured and recorded by one set of methods, whi
  • b5763570870has quoted5 years ago
    Variable operating expenses are separated from fixed operating expenses, and the variable expenses are divided into revenue-driven versus unit-driven. This three-way classification of operating expenses is the key difference between the external and internal profit reports.
  • b5763570870has quoted5 years ago
    In general, variable means that an expense varies with sales activity—either sales volume (the number of units sold) or sales revenue (the number of dollars generated by sales).
  • b5763570870has quoted5 years ago
    ratios are part of the language of business.
  • b5763570870has quoted5 years ago
    Fixed means that these operating costs, for all practical purposes, remain the same for the year over a fairly broad range of sales activity—even if sales rise or fall by 20 or 30 percent. Examples of such fixed costs are employees on fixed salaries, office rent, annual property taxes, many types of insurance, and the CPA audit fee.
  • b5763570870has quoted5 years ago
    Bottom-line profit (net income)
  • b5763570870has quoted5 years ago
    Before walking through the analysis of the proposal to cut sales prices by 5 percent to gain a 25 percent increase in sales volume, it is important to thoroughly understand the behavior of operating expenses.
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