The operating profit is the company’s profit after paying the different variable costs of production like raw material purchase, wages, labor cost, etc. The operating ratio displays the efficiency of an organization in controlling its cost. One-time transactions or unique costs do not form part ...
How does profit measurement differ between a merchandising business and a service business? What is the purpose of measuring asset turnover for different asset categories? What is the significance of a product's contribution margin ratio? How is this ratio useful in planning business operations?...
Another associated term is annualized income. This estimates the amount of money a person or firm makes over a year. The annualized income is a rough estimate of the overall income for the year because it is derived using less than a full year’s worth of data. Budgeting and paying estimat...
Lithium has literally been everywhere forever, since it is one of the three elements created in the Big Bang. Lithium concentration in rocks, soil, and fresh water is highly variable from place to place, and has varied widely in specific regions over evolutionary and geologic time. The biologic...