Using the Income Statement

September 16, 2011 by  | Leave a Comment Filed under: Management 

The income statement or profit and loss statement shows how much the company earned or lost during a specified period. While the balance sheet shows the fundamental soundness of a company by reflecting its financial position at a given date, the income statement shows the record of its operating (read on...)



Retail Math – Financial Measures

June 3, 2010 by  | Leave a Comment Filed under: Management 

What are the financial measures that you should know and understand how to impact? Let’s take a look at some basic metrics and how they are calculated. GROSS INCOME = Sales minus the Cost of Goods (Includes actual production costs, shipping.) The book costs $10 to make. It retails for $20. (read on...)

Mark-Up Or Margin, Are You Confused?

April 27, 2010 by  | Leave a Comment Filed under: Management 

I am sure most of my readers check the search words used by visitors to their website. I do almost every day, and there are some very revealing and frankly shocking facts which emerge. Perhaps the most shocking is the fact that the commonest type of search which finds my site goes something like (read on...)

Wholesale Business – Good Control Systems For Wholesale Business

January 5, 2010 by  | Leave a Comment Filed under: Management 

Successful wholesalers manage their financial position on a current basis. Effective control demands that the manager be guided by detailed records and reports on daily, weekly, and monthly operations. You will require a sales and gross-margin analysis to determine your most profitable (read on...)

Wholesale Business – Controlling Costs in Wholesale Business

January 5, 2010 by  | Leave a Comment Filed under: Management 

The beauty in doing the wholesale business is earning good profit, it is because of narrowing gross margins, rising expense level, and increased merchandising of controlled brands. And you will need an effective system of cost control to operate profitably. To keep your prices competitive, take (read on...)

Product Costing – Knowing What Your Products and Services Really Cost Means Higher Profits

August 24, 2009 by  | Leave a Comment Filed under: Management 

How much money do you lose because you don’t know what your products or services really cost to produce? Here are some “home truths” about costs that you should know. Do you really know what your products and services cost to manufacture or provide? I would be astounded if more (read on...)