The stock market is where fortunes are made, and companies become household names. Learning the basics of stock market lingo will only allow you a taste of regular trading. Beginning investors have to do a lot more than understand the language if they want to come out on top. Trading stocks can be done by […]
In basic terms, intangible assets can’t be seen but have a long-term value for your business, and a typical example of what this represents would be the perceived value of your company’s reputation. When something is intangible it can’t be seen or exist physically, but it is abundantly clear that your business can accumulate intangible […]
Gross Profit Ratio is calculated by dividing your revenue by your gross profit. Owning a small business isn’t easy; it can take a while before it actually starts becoming profitable. There should be an easy way to determine whether you’re actually making money or not. Luckily, there is! It’s called the gross profit ratio, and […]
Double Declining Balance Method: Also known as the reducing balance method, a double declining balance is an accounting term. It refers to how you account for the expense of an asset. It is primarily used when you want to use an accelerated depreciation method. A very basic explanation of a double declining balance is that […]