The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.

How to Make an Effective Display. A display is often the only chance you have for capturing the attention of your intended audience. It must grab audience members at first glance, hold them there ...

Apparel markups are somewhat above the standard retail markup of two times cost, which is known as keystone in the retail industry. Typical markup on designer fashions ranges from 55 to 62 percent ...

Definition of Industrial Workplace. The word "industry" can evoke images of smokestacks across a cityscape when you hear it. Since industry is closely tied to factories, the images are appropriate ...

What Are Examples of Demographics?. Demographics are a common basis for market segmentation -- the process of breaking a large target customer audience down into smaller groups of people with ...

Total Sales vs. Total Revenues. To secure long-term profits, companies generally review operating activities, trim the bureaucracy of money-eating segments and identify areas where department ...

Behavior Modeling in the Workplace. Social learning theory sets forth the premise that people tend to unavoidably learn things they see or experience in a hands-on way. Behavior modeling in the ...

This ratio is calculated by dividing a company's total debt by its total assets. For example, if a company has $10,000 in debt and $20,000 in assets, its debt-to-asset ratio is 0.5:1. If a company ...

How to Request Insurance & Bonding From a Contractor. An insured, bonded contractor offers more financial protection if something goes wrong or someone is injured during construction. It's not ...

How to Open a Stapler Jammed Shut. Replacing the stapler every time it jams doesn't make good business sense. Learning to repair a jammed stapler yourself saves money and increases the usable life ...

Markups are the ratio of gross profit to sales price. For instance, if you have item that costs you $4 and you sell it for $8, your gross profit is $4, which is the markup. The markup percentage ...

The Psychology of Colors for Restaurant Designs. With all else being equal, the more effectively a restaurant design utilizes color to establish an image, create ambiance and arouse customer's ...