A decrease in gross profit may imply a serious problem that needs to be addressed. An increase may indicate that recent changes are working and should be enhanced or continued. Gross margin helps a company assess the profitability of its manufacturing activities, while net profit margin helps the company assess its overall profitability. Companies and …
Top 10 Chatbots in Healthcare: Insights & Use Cases in 2023 Chat360 revolutionizes healthcare communication by seamlessly integrating chatbots across various platforms like WhatsApp, Instagram, Facebook, websites, and CRM systems. In the healthcare industry, this innovation enhances patient engagement, streamlines appointment scheduling, and provides instant responses to queries. By engaging with patients regularly, chatbots can …
Traders must have a solid understanding of market trends, technical analysis, and risk management strategies to succeed in forex trading. With the help of a forex broker and trading tools and resources, traders can profit from the dynamic and fast-paced world of spot forex trading. Spot forex trading involves buying or selling a currency pair, …
Depreciation is a non-cash expense and should be viewed as a nominal account. The amount debited & credited should be equal to the depreciation expense. Representative personal accounts represent a certain person or a group. The dictionary meaning of the word ‘nominal’ is “existing in name only“ and the meaning is absolutely true in the …
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