Gross profit margin measures the proportion of profit yielded by sales. To calculate this ratio, divide gross profit by sales revenue: Gross profit margin = Gross profit⁄Sales revenue It is also knows as gross profit ratio or percentage. Calculating gross profit margin For the year ended April 2, 2016, Michael Kors Holdings Ltd. had gross profit of $2,797.2 million […]
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Monthly Archives: November 2016
Using Evernote for your to-do list
I’m a big fan of the note-writing and sharing app, Evernote. As a professor, a University administrator, a husband, and a father, I am constantly receiving tasks and little pieces of information that I’m expected to keep track of and complete, sooner or later. Evernote allows me to keep a collection of to-do lists for […]
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What are current assets?
Accountants define current assets as assets deemed to be liquid enough to be converted to cash within one year or less. The balance sheet reports this item above noncurrent assets. Types Types of current assets include: Cash and cash equivalents Short-term investments Accounts receivable Merchandise inventory Prepaid assets Current assets are “liquid” We define liquidity as […]
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What are noncurrent assets and how are they measured?
Noncurrent assets are assets that are not deemed to be liquid enough to be converted to cash within one year or less. They are listed in the balance sheet below current assets. Types of NC assets Property, plant, and equipment Long-term investments Goodwill Copyrights, trademarks, and other intangible assets Understanding operating cycles Noncurrent assets are assets […]
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Delete, Do it, Delegate, or Defer
Got too much work to handle? Take it one piece at a time, applying the four D’s: Delete, Do it, Delegate, or Defer. In today’s workplace we constantly face a barrage of tasks. How do you prioritize them and get things done? Simple. Apply the four D’s! Whether you’re dealing with e-mail, snail mail, meetings, or tasks […]
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