Uses of Variable Costing System
Variable costing is a methodology that only assigns variable costs to inventory. This method requires that all overhead costs be charged to expense in the…
Business
OECD Predicts a “Slightly Better” Global Economic Outlook for 2023, but Inflation Risks Linger
The global economic outlook is “slightly brighter” this year, according to OECD Secretary-General Mathias Cormann, but inflation problems persist. “The outlook for the world is…
Wholesale Price Growth of 0.7% in January was Higher than Anticipated, Driving up Inflation
According to a report released on Thursday by the Labor Department, producer prices increased more than anticipated to start the year, which caused wholesale inflation…
Wells Fargo Wants to Catch up to Faster-Growing Competitors by Increasing Contact with Wealthy Customers
According to CNBC, Wells Fargo is launching a new platform to increase digital engagement with its 2.6 million financial management clients. According to Michael Liersch,…
Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue
The Ford F-150 Lightning caught fire earlier this month due to a faulty battery, but that isn’t the only issue the Detroit automaker has recently…
Current Asset in Accounting
A current asset is an asset that is expected to be converted into cash within one year or one operating cycle, whichever is longer. Current…
Capital Asset in Accounting
A capital asset is a long-term asset that is held by a company or individual to generate income or increase in value over time. Examples…
A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada
The Department of Energy has committed a $2 billion loan to Redwood Materials, the department announced on Thursday (February 9, 2023) through its loan programs…
How does a “Rolling Recession” Affect Consumers, and What is it?
By most measures, the U.S. economy is in solid shape. Despite the fact that 2022’s first half saw negative growth, the year’s second half is…
What Additional Fed Rate Hikes Might mean for Credit Card Payments, Mortgages, and Other Costs
At its policy meeting this week, the Federal Reserve is generally anticipated to announce its eighth consecutive rate increase. As inflation begins to decline, Fed…
In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout
The steel industry refers to the production of steel, which is one of the most important and widely used materials in the world. Steel is…
Nextracker, a Solar Firm, Prices Above Range at $24, Which is Positive for the IPO Market
People with knowledge of the transaction told CNBC that the solar technology startup Nextracker priced its initial public offering marginally over its stated $20 to…
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