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Retail Lobby: “We Lied About Organized Theft”

Barry Ritholtz

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US.

Retail 141
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Computer Retailer – Accounting Methods

CFO Simplified

But understanding your company’s profitability is critical to making the right decisions. Business – E-commerce computer retailer. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Change to accrual basis accounting. Bringing Value through CFO Insights.

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How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. What is IRS section 280E?

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Inventory Management Guide for 2024

The Finance Weekly

On the flip side, having too much stock can tie up your resources and lead to losses from items going bad or becoming outdated. While supply chain management handles the smooth flow of goods from start to finish, inventory management zeros in on tracking, storing, and accounting for a company's stock accurately.

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The Outlook for Diesel: Supply Woes Aren’t Going Away Soon

CFO News Room

Retail diesel prices soared to an all-time high of $5.816 a gallon last June 19, part of the big run-up in energy costs following Russia’s invasion of Ukraine that strained transportation budgets and fed inflationary pressures. The East Coast accounts for more than half that deficit. The Phillips 66 Bayway Refinery in Linden, N.J.,

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Financial Reporting Drives Good Decisions

CFO Simplified

The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When sales grew, profitability looked strong because cash came in within 48 hours, but the company’s bills weren’t due for 60 days. Business – E-commerce retailer. Location – Central Wisconsin.

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Digital Retail Investments Are Paying Off In Q3

PYMNTS

As the year winds down – and holiday shopping picks up – clarity is emerging about which retail investments might pay off in the new decade, and which merchants might be in trouble. The two retailers cut their annual forecasts for the second time this year. Take retail chain Target as one example. Delivery Growth.