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Tip of the Day

Tip of the Day Invest for the Long-Term

Invest for the Long-Term - Investing is a high-risk proposition unless it is to be done over a long-term. Due to the nature of the industry, there is no...

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Inventory Turnover

Inventory Turnover – Inventory Turnover is an accounting and warehousing formula that determines whether stored product is being sold or delivered at industry rates.  Low turnover indicates problems with sales or buying issues.  High turnover is generally a very good sign, because storage and management costs are reduced.  If the high turnover is not within industry ranges, there could be other factors affecting turnover, such as theft.  The formula for inventory turnover is: the cost of goods sold divided by the average inventory.  Average inventory is the beginning inventory plus the ending inventory (each month) divided by two.

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Definition of the Day Public Employee

Public Employee – Being state-employed, working for the government, mainly community, civic, municipal, unrestricted agent, workers, staff members, active in the public domain. Those working for the people, on the behalf of, for the interest of the general populace, as, for and through the government, agencies, in the open, not...

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