Tag: operations

Direct Material Variance Formulas

See Also: Direct Cost vs Indirect Cost Direct Materials Variance Analysis Direct Labor Variance Formulas Cost Driver Direct Material Variance Formulas Commonly used variance formulas for direct materials include the direct material price variance and the direct material quantity variance. Below are the formulas for calculating each of these variances. Direct Material Price Variance Direct

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Feasibility Study

See Also: Current Ratio Analysis Comparison Analysis Customer Analysis Mixed Economy Variance Analysis Feasibility Study Definition The feasibility study definition is the study of the feasibility of creating benefit from a given project. It is one of the first steps in evaluating a business idea. Basically, a feasibility study proposal is the analysis which establishes whether

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Debtor in Possession

Debtor in Possession A debtor in possession, or DIP, is a company undergoing a Chapter 11 bankruptcy reorganization. In Chapter 11 bankruptcy, the debtor remains in possession of its assets and continues normal business operations while reorganizing debt obligations and repayment plans. This is in contrast to a Chapter 7 liquidation, in which the debtor’s

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Comprehensive Income

See Also: Accounting Income vs. Economic Income Accounting Income Definition Economic Income Income Statement Net Income Debt Restructuring Maximizing Your Bottom Line In 3 Simple Steps Net Profit Margin Analysis Define Comprehensive Income Define Comprehensive Income as the overall change in wealth for a company during a period. This includes not only the growth through

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Bankruptcy Information

See Also: Chapter 7 Bankruptcy Chapter 11 Bankruptcy Bankruptcy Code Chapter 13 Bankruptcy Bankruptcy Costs Chapter 12 Bankruptcy Courts – Bankruptcy Bankruptcy Information Bankruptcy is the legal condition of being unable to repay debts. It can apply to individuals or organizations. There are two types of bankruptcy: voluntary and involuntary. Voluntary bankruptcy occurs when the debtor,

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Business Plan

See Also: Value Drivers: Building Reliable Systems to Sustain the Growth of the Business Business Cycle Business Intelligence and Finance Make-or-Buy Business Decision Acquisition Capital Marketing Plan Business Plan Definition The business plan definition is the plan of action for business operations which has the goal of creating and growing sustainable profits. It is necessary

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Administrative Costs

See Also: Administration Expenses Example Chart of Accounts for Selling General and Administrative Expenses Agency Costs Commercial Agents Administrative Costs Definition Define administrative costs as the costs not directly related to operations. Generally, they are incurred in the process of directing a company. These costs, though indirect, are still important because they assist those who operate and

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Recession Strategies for Business

Once you find yourself in a recession your first goal is to stabilize your operations. But having achieved that goal you need to look beyond the present and develop a longer term strategy. Our goal for this recession is to “come out of the recession better and stronger than we went in!” Recession Strategies for

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