Definition of Marginal – In business activities, there are five types of costs associated with the production process, namely fixed costs , variable costs , total costs , average costs, and marginal cost (marginal cost). Each type of cost has a different meaning, function and calculation. Among the various types of costs, marginal costs are the most important to understand in order to maximize profits. Marginal cost is …
Understanding Real Accounts – Every company engaged in financial management will definitely apply the basic principles of accounting. Where, the account will be divided into two parts, a nominal account and a real account. In general, accounting knowledge is very useful in recording the financial activities of a business. These financial activities will then be disaggregated in the …
Definition of Financial Accounting – Financial accounting has an important role that is needed in every company. Financial accounting can assist in the decision-making process related to the company’s economy and finances. In relation to management tasks, accounting plays a particular role in the supervisory and planning functions. Finance is the heart of the company so every transaction …
Technological developments in the era of the industrial revolution 4.0 are increasingly developing and are widely used in everyday life. This technology can help every human activity to be more effective, efficient, and optimal. Artificial Intelligence is one of the terms you often hear today in the industrial revolution era, both in developed and developing …
Ever heard of cryptocurrencies like Bitcoin? They’re like digital money that use something called blockchain to keep track of all the transactions. You can “mine” them by using your computer to solve complex math problems or buy them from a broker and store them in a special digital wallet. Cryptocurrencies are still new and people …
Getting a job in this economy can be tough, but you’ve got an edge! To stand out from the crowd and land those high-paying gigs, you need to do something different than your peers. And the good news is, there are tons of free courses out there that can help you do just that. From …
When you use cloud computing, you’re basically accessing services and apps over the internet. It means you can get what you need, when you need it, without having to buy a bunch of expensive hardware or software first. is great because it helps you innovate faster and be more flexible with your resources. Plus, …
We all once wished not to work but to be able to receive money for free. You have often seen such ads on the Internet, but is it so? Are there companies that donate money to you? Yes and no. Companies often offer signup bonuses to encourage you to try a new service. Some of …
Life insurance is an important financial tool that can provide security and peace of mind for yourself and your loved ones. While it may not be the most exciting topic to think about, the benefits of having life insurance are undeniable. In this article, we will explore the top 5 benefits of life insurance and …
Fixed costs are expenses that do not change regardless of the level of production or sales. These costs are essential to the operation of a business and must be paid regardless of whether the business is generating revenue or not. In this article, we will explore the basics of fixed costs, including what they are, …
One term that’s essential to understand when it comes to investing is ‘financial security.’ But what exactly are they? In layman’s terms, financial securities are simply negotiable instruments that you can buy or sell, and hold a monetary value for a certain amount of time. Sound interesting? Well, in this article, we’re going to break …
What is Deflation? Deflation is a term that exists in the world of economics. Deflation is a condition where the country will get an advantage but also get a loss. These losses continue to occur when deflation gets out of control. What is deflation? This article will discuss the definition of deflation, types of deflation, examples of deflation, ways …
Definition of BEP – In economics, it is not uncommon for us to encounter the term Break Even Point (BEP). This term often appears in business articles that review the conditions that occur in a company. BEP is the point where income and capital issued are at the same point so that there are no losses or profits. BEP itself …
Definition of Break Even Point – Profit and loss in a business is a choice. Of course, every company definitely wants profit and profit. Profit itself can be obtained when the amount of income is greater than the amount of costs incurred. However, it is possible that later the result will be a loss, which is where the …
Definition of Variable Costs – The definition of variable costs is basically one of the general terms in companies when carrying out a production process of an item or project. Apart from variable costs, also known as variable costs, there are other types that are also commonly used in keeping company operational records, namely fixed costs. In …
Definition of cash flow – In general, in the world of economics there is the term cash flow. Actually, the existence of cash flow is to track how the flow in and out of a company when running its business. When viewed from this understanding, of course, cash flow is not only important for a company, but for oneself it …
Definition of Central Bank – In the real sense, a central bank is an institution or a financial institution that is responsible for monetary policy and creates a stable level of economic activity in a country. The central bank is an institution that is already owned by private parties in a country’s government, has responsibility for …
Definition of marginal – In business operations, there are five types of costs that accompany the production process, namely fixed costs or fixed costs , variable costs or variable costs, total costs or total costs, average costs or average costs , marginal costs or marginal costs . Each type of cost has a different meaning, function and way of calculating. Of these various costs, the marginal …