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Tip of the Day

Tip of the Day Spend Less Than You Earn

Spend Less Than You Earn - To spend less than you earn, basically, means to live within your means. In other words, if you don't have the cash to...

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Asset Turnover

Asset turnover - An asset turnover is a formula used to determine if a company is using its assets as efficiently as possible to generate maximum profit and or sales. The asset turnover will be the ratio for sales generated for every dollar?s worth of assets. The formula divides the number of sales in dollars by the assets in dollars. The higher the result will be the better. This formula also reflects the pricing strategy a company is using. Companies with high profit margins tend to have low asset turnover while companies with low profit margins have high asset turnover. An asset turnover also is known as asset turnover ratio.

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Definition of the Day E-Commerce

E-Commerce - This is a form of sales that takes place electronically. The most common means is on the internet or also through computer networks. This type of sale has become increasingly popular over the last few years. Such means has so many benefits to both the seller and the...

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