Business Math: How to calculate your profit margin
Ever wonder how to gauge the financial health of your business or how much moolah you’re bringing in? Learning how to calculate profit margin can answer these questions.
Ever wonder how to gauge the financial health of your business or how much moolah you’re bringing in? Learning how to calculate profit margin can answer these questions.
The accounting equation is a simple yet powerful formula that provides a snapshot of a business’s financial health.
If you’re interested in measuring your company’s operating performance, understanding how to calculate EBITA is essential.
Understanding how to calculate the Cost of Goods Sold (COGS) is essential for businesses. Learn what COGS is and how to calculate it.
Knowing the cost of your travels, whether for work or personal reasons, is very important. Some people focus mainly on the federal reimbursement rates to gauge how much their remuneration will be, …
Pay cuts aren’t ideal; however, they’re sometimes the only option when an employer faces difficult economic periods. As the coronavirus takes its toll on the economy, many employers have had to make …
A full-time equivalent (FTE) calculation is normally used as a way to analyze an industry or to measure an employee headcount for projects, profits, or revenues. It’s also incredibly useful for business …
A paid time off (PTO) payout is compensation for earned time off that an employer must pay employees when they leave their jobs. Although the FLSA doesn’t require business owners to give …
Giving your employees time off is a benefit that isn’t required by the FLSA. Since time off is nonobligatory, most employers believe that they are exempt from paying out employees when they …
Every so often it’s time to give your employees raises. When and how you give those raises is entirely dependent on you. You have the choice to give raises by a percentage …
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