A bill of lading is one of the most important documents for shipping companies.

What Is The Purpose of a Bill of Lading?

A bill of lading is used in shipping and it is a record of the goods that are received on board. The bill establishes an agreement between the transportation company and the...
Lady shopping for beads from a stall

How Do You Calculate the Price Elasticity of Demand? (with Examples Included)

The price elasticity of demand measures the responsiveness of the customers to any change in the cost of the product. It can be well understood by a general term demand elasticity which...

10 Stocks That Are Seeing New Highs Due To COVID-19

While the coronavirus caused the steepest decline in the U.S economy since the 2008 Recession, some companies benefitted greatly from the pandemic. As the country went under lockdown, basic necessities such as...
A bill of lading is one of the most important documents for shipping companies.

What Is A Deferred Revenue Journal Entry? (with Examples)

Deferred revenue is the unearned revenue for an organization. It is the amount of advance payment that the company receives. However, it is for goods or services which are not yet delivered....
A bill of lading is one of the most important documents for shipping companies.

The Importance of Monte Carlo Simulation in Finances

Monte Carlo Simulation is a method that is applied to financial modeling. It is usually applied in cases where there is a probability of different outcomes and the same cannot be simply...
Implementation of VAT is complex in all countries.

The Problems and Benefits of Value Added Tax System

Value Added Tax or VAT is a method of taxing that is in existence for many years. The idea behind the tax is that a tax is imposed on the consumer from...
ROI is a financial metric that helps estimate the return on an investment.

Understanding All Parameters of the ROI Formula

Financial metrics help make the right financial decisions. Whether you want to invest in the stock market or buy a property, consider the return on the amount you invest and then make...
Understanding horizontal integration vs vertical integration with real world examples

Horizontal Vs. Vertical Integration with Real-World Examples

When you start a business, one of the primary aims is to grow your customer base, not the profits since no profits without customers. After obtaining your customer base, you want to...
Corporate social responsibility

The 4 Main Types of Corporate Social Responsibility Explained

Businesses need to do much more than making high profits for success. It is important for a business to become socially responsible in order to survive in the economy. Businesses need to...

How to Calculate the Debt to Equity Ratio (and Why Does the Ratio Matter)

Financial ratios are important for readers. The ratios give an insight into the financial stability of the organization and allow investors to make the right investment decision. Every ratio serves a purpose...

What Is Included in Statement of Cash Flows?

One of the most important financial statements used across organizations, the statement of cash flows illustrate the amount of cash a business has generated in a reporting period. Every business is required...
Understanding the difference between gross margin and contribution margin

What is the Difference Between Gross Margin and Contribution Margin?

There is little difference between gross margin and contribution margin If you are running a company, it’s no doubt you are after reaping profits. And there is a...