Learning by Trying • 1y
Elon Musk Has something called *Idiot Index* at spaceX! Its very simple thing. It calculates the ratio between Price Of Part and Cost of Raw Material used in that part. Like if a part cost $1000, and it takes raw material worth $100 to make it, the Idiot Ratio is 10 which means you are an idiot if you buy that part. It's Just because of this that Falcon's Rapster's engine cost was brought down to $200k from $2 Million!
•
The Institute of Chartered Accountants of India • 2m
How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔 Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. 🚀🔥 Here’s how it helps: 1️⃣ Calculate
See MoreCA Aspirant|Content ... • 20d
Daily dose of financial ratios by Anirudh Gupta Quick ratio: =Quick assets/Current liabilities Where quick assets means, (current assets-inventory) Purpose: -Unlike the current ratio (as we have discussed in the previous post), the quick ratio s
See MoreCHAIRMAN - BITEX IND... • 5m
💰Learn Start-up Maths —( Concept - 2 )📊 💱 All details about “ COST ” Whenever someone asks you about the cost just tell him that “ Cost the amount of money that a business spends on the creation of something ” • There are many types of cost #
See More•
Dreamy Metals Handicrafts • 3m
Problem! Every year around 30% of domestic and international shipments are cancelled, And the reason are not providing Quality and Timely delivery. Due to which the selling season and occasions of the Buyers get spoiled. Due to which Brand’s image g
See MoreDownload the medial app to read full posts, comements and news.