Why Does Inventory Get Reported on Some Income Statements?
They include the cost of goods sold (COGS); selling, general, and administrative (SG&A) expenses; depreciation or amortization; and research and development (R&D) expenses. Typical items that make up the list are employee wages, sales commissions, and expenses for utilities such as electricity and transportation. Part of running a professional business ensures all government and industry-specific […]
7 Strategic Planning Models and 8 Frameworks To Start 2024
Since the organic model concentrates on continuous improvement, the process is never really over. If it’s your first strategic planning session, the basic model is the way to go. Later on, you can embellish it with other models to adjust or rewrite your business strategy as needed. Let’s take a look at what kinds of […]