Are You Losing Money By Calculating Margins Wrong?

I spent time on Friday helping a client update spreadsheets and Excel reports that used an incorrect formula to calculate the margin on bids for construction jobs. While this particular client was looking for a margin of 25%, he was actually getting one closer to 20%. On a $100,000.00 bid, that can be the difference …

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About Interstate Shipping in India

Unable to ship your products on time to your customers? Are your shipments returning to you after getting stuck atInter-State Checkpoints? Having difficulty in understanding the rules and finding the interstate shipping forms? If these are the kind of questions that are troubling you with interstate shipping, then we have something incredibly awesome to share with …

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How to disagree with someone more powerful than you

Power is the ability to influence the behavior of others with or without resistance by using variety of tactics to push or prompt action. There are six sources of power - legitimate power, referent power, expert power, reward power, coercive power, informational power and power tactics (behavioural, rational and structural tactics). Your boss proposes a …

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Gross Profit vs. Operating Profit vs. Net Profit

At the core, profit is earnings minus expenses. However, we want to bifurcate and come up with various variations of profit to understand the business better. Therefore, at the first level, we have gross profit. Gross Profit is nothing but 'Sales - COGS' This shows how much profit are we earning without considering our expenses and …

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Decoding or understanding your restaurant bill

Not everyone is aware about Service Tax and VAT taxation details. So let's demystify these charges and understand the components that inflate your restaurant bills. Service charge Service charge is collected by the restaurant for rendering its service to you. It is not a tax and is not levied by the government but purely charged …

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