Money is one of the basic necessities of life, human without which life on earth would virtually be impossible. It is a medium of exchange but indeed money is much more than a medium of exchange. The truth is that everyone needs money for survival and comfort. Money is not really the root of all evil as most people think. Of course, money cannot buy happiness, poverty as well cant. The mentality you have about money will determine how you approach it and make the most of it. Obviously, life is not all about amassing money but you need sufficient amount of money to live happily. (more…)
The clear consequence of the recommendations given by the American Legislative Exchange Council (ALEC) can be felt in Kansas. The recommendations advised for a cut and limit on revenue and spending. This has taken a great toll on Kansas since the policies were implemented. Kansas has been known for its economic failures in the recent times and this has made leaders from places like Nebraska, Oklahoma and so forth to distance themselves from Kansas and its failures. (more…)
Successful inventory management involves creating a purchasing plan that will ensure that items are available when they are needed.
An inventory can simply be defined as the goods, materials and stocks that a company or manufacturer have at hand. Inventory management is a core task in companies and business organizations concerned with the selling and manufacturing of tangible products and goods. It is concerned with the controlling of the storage, ordering and usage of the inventory or stocks a company has at hand. (more…)
A lot of public companies operate on accrual accounting such that their income statements cannot be effectively used in ascertaining their cash positions. However, investors need to know the cash position of any company they want to make investment in so as to ensure that they are investing into the right ground. This is where cash flow statement comes in. Cash flow statement is a quarterly financial report which a public traded company is required to release to the public or to the SEC. (more…)