Controllable costs are categorized as short-term costs as they can be adjusted quickly. Sunk costs are historical costs that have already been incurred and will not make any difference in the current decisions by management. Sunk costs are those costs that a company has committed to and are unavoidable or unrecoverable costs. Monitor your expenses regularly to ensure you are staying …

We like that Papaya offers localized advisory services in each country it operates in, so you can rest assured that you are getting accurate and compliant support based on your location. The needs of employees have changed drastically over the past few years, which means employers must seek to partner with PEOs that are evolving …

With sole proprietors, what we often notice is that their business and their personal lives end up being very intertwined, certainly from a taxation perspective. A sole proprietor refers to anyone who is the owner of an unincorporated business. This makes this a perfect fit for a sole proprietorship and is similar to the freelance …

Over the years, I continued to jump into the «we need funding now» fires and be the behind-the-scenes flame extinguisher for both start-up and established nonprofit organizations. Each time I discovered a special writing approach worked, I took note and mentally recorded my words, approach, research techniques, formatting, and more. At the time, I didn’t …

In personalist parties, elites endorse the leader’s actions, cueing voters to do the same. When the party higher-ups endorse – rather than condemn – the leader’s undemocratic inclinations, supporters get the message that nothing is wrong, and they fall in line. It could be a written message left on your desk, an email sent by …

Or, if you invest in bonds, you will receive interest payments from the bond issuer. Business income can be very high, especially if you’re running it. The key is to create something of value that people will want to use. There are many ways to create a stream of income, but one of the best …

You can earn a full-time income, set your own schedule, and there’s very little commitment required. Digital marketers who run Facebook ads for local business owners can make $1,000-$1,500/month working just 2-3 hours per week. To expedite financial goals, like paying off high-interest rate debt or saving for retirement, one of the best things you can do …

Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking. Its mobile app lets you collaborate on the go, and it integrates with hundreds of third-party apps. Many accounting programs integrate with other financial services to make it easy to import data or track …

FedEx has more current assets than current liabilities, and its current ratio is over 1.0. Generally, it is agreed that a current ratio of less than 1.0 may indicate insolvency. Sometimes, even though the current ratio is less than one, the company may still be able to meet its obligations. A higher current ratio indicates …

The sales price variance can reveal which products contribute the most to total sales revenue and shed insight on other products that may need to be reduced in price. If a product sells extremely well at its standard price, a company may even consider slightly raising the price, especially if other sellers are charging a …