US dollar USD Exchange Rates

The U.S. dollar was first designated as the world’s currency in the 1944 Bretton Woods Agreement, and it is the most powerful currency in the world. The strength of the U.S. economy supports the dollar’s use as a global currency. CPI relative to 1982–1984 and the annual year-over-year change in CPI is shown at right. Among the…

A Detailed Guide To Retail Accounting

Some of the most beneficial tools include inventory and retail accounting software. The retail method of accounting is a popular valuation strategy for retail stores primarily because of its simplicity. If you use a flat markup rate across all products, then you can calculate your ending inventory cost without counting it. The weighted average cost…

Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90 The New York Times

In restaurant accounting, a good financial manager can help with the tactics. Here are our top 4 strategies in cash management for restaurants. Investments from partners and owners, as well as payments of dividends, constitute Financing Activities. After successfully running and eventually selling his own operations, went on to work for Corporate Red Robin, training…