A variable cost is any business expense that is directly correlated to your company’s production or sales. The easiest way to determine if a cost is variable, therefore, is to
One of the most significant benefits of a master budget is that it provides a framework for measuring financial performance. By comparing actual financial results to the budgeted figures, businesses
Deckers is hoping to rebrand UGG from a trend-centric approach to a year-round, upscale model. Koolaburra, an UGG variant, comes at more affordable price points and dominates Deckers’ “other brands”
Similarly, it’s possible to leverage the information in a balance sheet to calculate important metrics, such as liquidity, profitability, and debt-to-equity ratio. The balance sheet reflects the carrying values of
This account includes the amortized amount of any bonds the company has issued. Property, Plant, and Equipment (also known as PP&E) capture the company’s tangible fixed assets. Some companies will