Phantom Income
Income Taxes

Phantom Income

Those small businesses using partnership or S-Corporation formats issue Form K-1 to the respective owners.  When income is assigned to the owner and there is no corresponding cash related to that income, then this income […]

Variable Costs
Terminology

Variable Costs

Variable costs are those business related expenditures that vary in proportion to production.  The most common examples of variable costs include raw materials, labor, packaging and distribution expenses related to producing and delivering the product […]

Alfred Nobel
Business Stories

Nobel Prize – Economics

In the world of science and higher thinking, no award can compare to the Nobel Prize.  Awarded each year in December, the selected individual or individuals are announced during the 2nd week of October.  The […]

New York Stock Exchange
Terminology

Stock

The one single term mostly equated to capitalism is ‘Stock’.  When a business is incorporated, stock is the core medium of exchange for the investment.  The company issues a certificate referred to as stock in […]