What Is a Retainer and Contingency Agreement?Maziyar1July 14, 2023A retainer fee is a pre-established amount paid by a client to secure the expertise and time of a professional ... Read More
How to Manage Incurred Costs: Tips for Small BusinessesMaziyar1July 12, 2023To qualify as a production cost, an expense must be directly connected to generating revenue for the company. Sunk costs ... Read More
Absorption costing definitionMaziyar1July 11, 2023The main difference between absorption costing and variable costing is how they treat fixed manufacturing overhead costs. In absorption costing, ... Read More
Inventory Turnover Ratio: What It Is, How It Works, and FormulaMaziyar1February 20, 2023You don’t want to have too much of your capital invested in inventory (as you need to be flexible to ... Read More