Factoring in Inflation: The Complete Method on How to Calculate Real GDP
Economists often refer to gross domestic product when making predictions about inflation. It is a discussion that is brought up politically, and serves as a…
Accounting Essentials: 3 Ways on How to Calculate Depreciation
When most people hear the word depreciation, one of the first things that comes to mind is a car. But in reality, depreciation applies to…
Distribution of Resources: The 4 Types of Economic Systems Explained
Economic systems are set in their ways, though they can work differently from each other. Knowing which system is in place makes it easier to…
Expansionary vs Contractionary Fiscal Policy: What Are the Differences?
A fundamental cornerstone of the way governments function is to use fiscal policy as a way of trying to dictate the way they want the…
Consumer Protection: Why a Debt Validation Letter Is a Fundamental Piece of the Puzzle
When debt comes into the picture, consumers are often put in a difficult position. And once a debt collector gets involved, things get even more…
Expenses That Vary: A Simple Formula on How to Find Variable Cost
A business that has future aspirations is on the hook financially with all of its big decisions. Learning how to find variable cost is a…
Know Your Debt to Asset Ratio, and You’ll Know Your Financial Risk
Let’s get straight into things. A debt to asset ratio is a very handy business feature that is sometimes referred to as simply ‘debt ratio’…
6 Types of Revenue Streams You Should Create for Yourself in 2021
Economic times are tough all over the world. The pandemic hit low-income and middle wealth earners alike with lost jobs and a struggling economy. Creating…
How to Use Market to Book Ratio to Evaluate a Company’s Market Value
Not many people are aware of the market to book ratio in determining a company’s current market value. This makes it difficult for them to…
Thwarting Fraud: The 4 Key Takeaways Regarding Bank Reconciliation Statements
The primary purpose of a bank reconciliation statement is to provide a clear indication of the financial performance of a business and it is also…