The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Learn about gross, operating, and net profit margins, how each is calculated, and how businesses and investors can use them to analyze a company’s profitability.

Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

We have looked at how to solve equations with one unknown value, but what happens when there are two unknown values? An equation with two unknown values will have infinitely many solutions. or \(x=100 ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

As a spreadsheet software program, Microsoft Excel has many useful features for a small business's productivity. Chief among these is the ability to use formulas to make various calculations with the ...