Labor cost is a critical factor in small-business operations. It's common for a business owner to hire employees to perform specific duties essential to the business – especially as it grows. There ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and ...

Gain a comprehensive understanding of the marginal cost formula. Learn how to calculate it and explore its role in business decisions. The world of microeconomics and business decision-making hinges ...

Accurate and precise cost assumptions are critical to developing short-term and long-term budgets for planned projects. Budget planning assumptions help businesses create contract proposals that ...

With job-cost accounting, estimators now have the tools to make intelligent adjustments and get an A+ on every bid. Job-cost accounting provides contractors with the ability to track actual costs ...

Tenna has announced the release of three new products to support contractors’ ability to monitor inventory of parts, hours of labor and the costs associated with each in relation to their equipment ...

There are different types of inflation that could affect your long-term savings and investments. One such type is called cost-push inflation, which happens when prices go up because production costs, ...

Among many things, this is the time of year when financial advisors send me emails with a year-end view into my investments. Here is the exact language from one such advisor: “Your complete financial ...