What is Operating Profit Ratio?
Every day businesses deal with numbers and ratios to measure performance in terms of finances, operations and efficiencies. One such measure to measure all these
Category: Business Management
What is FEFO Method? Definition and Example
FEFO Definition: FEFO stands for First-Expired, First-Out, a method for managing inventory where the items close to the expiry date are given a priority and
What is Operating Income?
Operating Income can be located in the income statement listed as the business’ mainstream revenue. It is the value that calculates the profit left after
What is Manufacturing Lead Time?
Manufacturing lead time is a concept well-known to all businesses. We know the importance of delivering the product on time, and customers remember the brands
What is Operating Profit Margin?
Business owners need to keep a close watch on the operating profit margin. An operating margin formula calculates the accurate operating income or profit margin
Manufacturing Costs – Meaning, Types, And Calculation
What is Manufacturing Costs? Manufacturing Cost is an all-comprehensive term that includes direct, indirect, and overhead costs incurred throughout the manufacturing of goods and services
What is Manufacturing Cycle Time?
Manufacturing cycle time is crucial for the business. A business with accurate cycle time will successfully complete the manufacturing process on time. If your business
What is a LOT Number? Everything You Need to Know
Business owners find it difficult to run an enterprise without any complexities. As your business grows, even your warehouses expand. Hence, you will be required
What is the LIFO Method? Definition and Example
Inventory is an important part of any business. It has the capability to influence the revenue of the business directly. There are many inventory methods
What is a Journal Entry? | Definition, Types, and Examples
What is Journal Entries? Journal Entries are the building blocks of the double-entry accounting system, which contain a concise record of your business transactions in