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Category: Finance

Cost of Goods Manufactured (COGM)
Finance

What is Cost of Goods Manufactured (COGM)?

Posted onSeptember 13, 2021December 4, 2021

The cost of goods manufactured or COGM is a business concept that refers to the costs involved in manufacturing a product. In practice, most businesses …

What is Net Working Capital?
Finance

What is Net Working Capital?

Posted onSeptember 13, 2021December 4, 2021

The accounting definition of working capital is the calculated difference between the current assets of a company and its current liabilities in its statement of …

Operating Budget
Finance

What is an Operating Budget?

Posted onSeptember 12, 2021December 4, 2021

A budget is described as a financial plan that allocates available money to specific expenses. It can be used for personal use, business, household, and …

Goal Seek Excel
Finance

What is the Goal Seek Excel function?

Posted onSeptember 12, 2021December 4, 2021

Microsoft Excel is a widely used worksheet, and it’s known that if your data changes, then all you need to do is change your input …

What Is the Margin of Safety?
Finance

What Is the Margin of Safety?

Posted onSeptember 12, 2021December 4, 2021

The margin of safety is referred to as the difference between the amount of profitability expected and the calculated break-even point where revenue is equal …

What is Delegating?
Finance

What is Delegating?

Posted onSeptember 11, 2021December 4, 2021

To delegate means to transfer responsibility or entrust a task to another, most usually junior personnel. The act of delegating assists in moving responsibility from …

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