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Most of you have associated the acronym, ROI, with return on investment. ROI also means return on inactivity. What does it cost you if you … Read more
Whatever the cost is, debit warranty cost in cost of goods sold and credit warranty reserve on your balance sheet. Then put the dollar value of … Read more
“Our warranty costs are eating our lunch!” “What’s going on?” “There’s a recall from the manufacturer and we have to install a new part. The manufacturer … Read more
If you pay an employee for 2,080 hours a year (not including overtime) then you have to account for the number of hours that are … Read more
What do I mean? Labor, like a hotel room, is perishable. If a hotel owner does not sell a room today, he has lost because the … Read more
Here they are: You won’t run out of cash without knowing you are running out of cash. You track your current ratio trends (current assets … Read more
Traditionally, as the temperatures start to fall, revenues also fall. Here are three things you can do to keep your field personnel billable, producing revenues, … Read more
Cash Flow this Summer – False Sense of Security? It’s really busy. Some of you will have a great cash influx this summer lulling you … Read more
In these columns you’ll discover simple procedures to get and stay profitable, build wealth, and achieve your goals. Let’s begin. Please look at your bank … Read more
