Total Cost of Ownership (and Cars)
2021-01-31
Total cost of ownership is a way to calculate how much something will really cost over time (purchase price plus ongoing costs).Keep Reading
Frozen Assets (and Ice Blocks)
2021-01-19
Frozen assets are assets you can’t spend or move, because they’ve been ‘frozen’ by the courts or the government.Keep Reading
Write-Downs (and Bad Outfits)
2020-12-02
A write-down is when a business admits that something it owns is worth less than previously thought. Keep Reading
Deferred Liabilities (and Toxic Cleanups)
2020-11-28
Deferred liabilities are bills that companies put off paying for years, and sometimes try to get out of altogether. Keep Reading
Cash vs. Accrual Accounting
2020-07-19
‘Cash accounting’ is the way many small businesses track their results: by measuring how much cash comes in and goes out.Keep Reading
Gross Margins (And Gross Sandwiches)
2020-05-30
Gross margin is the profit you make when you subtract the direct costs of producing your product from the price you sell it for.Keep Reading
Fixed Costs (and Backyard Businesses)
2020-04-12
Fixed costs are things you buy once for your business, and then use for a long time. Keep Reading
Variable Costs (and Lemonade Stands)
2020-04-12
Variable costs are things you use up as you go in your business: the more business you do, the more you must spend on them.Keep Reading