Pricing fundamentals
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Far too many small businesses fail to make money. In fact, many business owners (particularly small "mom & pop" operations) have no idea of the cost of sales they incur. While this presentation is geared to the Photographic Industry, it's lessons apply to all industries! I encourage each viewer to complete the exercise at the end of the session. It is, in most cases, an "eye-opening experience!"
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Recommended
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Managerial accountants also play a crucial role in budgeting and forecasting. They work closely with managers to develop budgets for various aspects of the organization, such as sales, production, and capital expenditures. By comparing actual performance against budgeted targets and analyzing variances, managerial accountants help identify areas of concern and opportunities for improvement.
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