Dan Corkum

I build robots

[Dan Corkum @corkus]

DARPA unveils ‘extreme’ in-hub electric motors for vehicles with military applications | Electrek https://t.co/pa1tetciI4

[Forbes @Forbes]

Who will become the Thomas Edison of the 21st century? These #Under30Summit panelists are working on it: https://t.co/b3CatQXEZ7

[Forbes Under 30 @ForbesUnder30]

These 4 young inventors aim to be the next Edisons: https://t.co/cqmx3Ajzc3 #Under30Summit

[Dan Corkum @corkus]

I'm using the #Acceleread iPad app to boost my reading speed! www.acceleread.com

[Dan Corkum @corkus]

difference between total variable costs and total sales = contribution. Break-even when contribution = fixed costs

[Dan Corkum @corkus]

depreciation & overhead have to go into WIP cogs; they can't be expensed until sold!

[Dan Corkum @corkus]

volume variance, purchase variance, yield variance, labour variance, scrap variance, (product) mix variance

[Dan Corkum @corkus]

depreciation & overhead go into COGS, but only overhead goes into A/P

[Dan Corkum @corkus]

depreciation of production equipment is a COGS expense

[Dan Corkum @corkus]

When starting up, book worker salaries to SG&A. They can't go into inventory until production starts

[Dan Corkum @corkus]

Claims of any stockholder are junior to claims of bondholders or other creditors

[Dan Corkum @corkus]

Preferred stockholders do not usually have a right to vote for directors

[Dan Corkum @corkus]

selling stock is the closest thing to printing money a company can do, unless you misrepresent the value of the stock, which = jail

[Dan Corkum @corkus]

difference between new borrowings and loans repaid = net borrowings

[Dan Corkum @corkus]

cash uses = operating activities, financial activities, capital investments, taxes

[Dan Corkum @corkus]

cash sources = operating activities and financing activities

[Dan Corkum @corkus]

With the books on a cash basis, the income statement and cash flow statement are the same

[Dan Corkum @corkus]

interest on a loan or on cash in bank is a non-operating expense / income. Reported just below income from operations

[Dan Corkum @corkus]

Gross - Expenses = Income from operations

[Dan Corkum @corkus]

SG&A = sales, general and administrative expense