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A CFO, or Chief Financial Officer, is a senior executive responsible for managing a company's finances, including financial planning...

A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major decisions, setting...

In order to compute marginal cost, we take the change in total cost divided by the change in quantity produced. The formula is...

The treatment under the accounting of the share buybacks includes the recording of the repurchased shares as a treasury stock under...

A hierarchical organizational structure is a structure in which employees are ordered in terms of authority. It has distinct chain of...

In the unstable price conditions, FIFO is more profitable but more taxed, LIFO is less taxed but not IFRS-compliant and Weighted Average...

To calculate annual wages, multiply the amount an employee earns per pay period by the number of pay periods in a year. Formula: Annual...

A payroll deduction refers to an amount that an employer removes out of the paycheck of the employee to be used in certain ways. These...

Prevailing wage refers to the average wage, benefits and overtime allowance that the government sets on employees working on government...

In calculating the payroll taxes, it is done as follows: Calculate gross pay- total income minus deductions. Less pre-tax deductions -...

Harry Dexter White was an American government official in the United States Department of the Treasury. Working closely with the...

Net worth is a calculation of your assets (what you own) minus your liabilities (what you owe), providing a snapshot of your overall...

I keep hearing the term cashflow in business discussions, but I’m not completely sure what it means. Can someone explain in simple terms...

I’ve been thinking about starting my own venture but I’m not sure which business is most profitable right now. There are so many options...

I keep hearing about Self Assessment tax returns, but I’m not really sure what they are. Can someone explain what a Self Assessment tax...