In a business, there are two types of costs: fixed and variable. It’s important to understand the difference between these two types of costs, which costs fit into each category, and how to account ...

Discover the difference between fixed and sunk costs. Learn why all sunk costs are fixed but not all fixed costs are sunk, ...

Being able to survive and thrive as a business owner has as much to do with managing costs as it does with generating revenue. Like the chief financial officer of any company, you have to be concerned ...

Discover how to calculate contribution margin, a key profitability metric, by subtracting variable costs from sales revenue.

Budgeting, quite simply, is the act of spending your money efficiently. The importance of budgeting cannot be overemphasized, and whether you’re looking at your individual finances or running a ...

Evaluating any given load’s value, it’s crucial not only to consider costs incurred to haul the freight on a per-mile basis, but also in relation to time. Fixed costs like insurance, the truck payment ...

Fixed rate electric plans offer convenience, protection and predictability. Variable-rate plans offer flexibility and the potential of savings. Here's how to know which is better for you. Stephen J.