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Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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Direct Cost

Direct Cost – A direct cost is the one that is related to the actual manufacturer of a product or services. This is the amount before any one that sells the item adds on their cost to create the retail price the customer has to pay. And often the price one ends up seeing at a store can be attributed to some increased in the charge by the manufacturer of a given item. Though there are other reasons for prices by retailer to increase, this is one that definitely is a major factor. And naturally anyone who is resells such items has to consider manufacturer’s possible increases in prices.

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Definition of the Day Compound Annual Growth Rate (CAGR)

CAGR Term category: Finance/Accounting In 10 words or less: The compounding rate of return over a period. Definition: The compound annual growth rate (CAGR) is the rate at which an investment grows annually to reach a given end value.  It's calculated by the following: CAGR = [(Ending Value/Beginning Value)^(1/# of years)] -1 Advice: CAGR is a...

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