The holidays are coming up so I decided to analyze the economics in Home Alone. In this episode I talk about elastic demand, inelastic demand, the pricing strategies of businesses, and price discrimination. Who knew that all that stuff...

Orbital Assembly Corp aims to start building a huge wheel-shaped space station in low Earth orbit in 2025.

This video provides an introduction and detailed explanation of marginal and average costs in economics. The presenter explains the definitions of marginal and average costs, and demonstrates how to calculate them using a hypothetical...

Various assumptions must be made or are relevant when conducting a Cost Volume Profit Analysis. This video explains the nature of those assumptions.

Activity based costing is a useful tool for management planning and controlling. It helps with decision making, budgeting, and profit analysis.

This video what is the Contribution Format Income Statement in managerial accounting. It also discusses how managers use the contribution format income statement in comparison to a traditional income statement required under GAAP.

This video explains the importance of exchange and the development of money in promoting specialization and economic growth. Using the example of a rudimentary village with specialized tasks, the video shows how bartering creates...

Why are so many airlines going under?

Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.

Never let a good crisis go to waste.



Winston Churchill’s famous words from the darkest days of world war 2 have taken on a more sinister meaning as the decades hav

e passed.

This quote was...

A FATHER suffering with a genetic condition has 'bubble-like' tumours covering his entire body. Believed to be suffering from Neurofibromatosis, Shadot Hossain is in a race against time to secure surgery to save his sight - and his life....

Job order costing concerns applying the costs of a specific job to that job for purposes of accounting. Process costing assigns costs to a given process in the organization that gives rise to a finished product.

This video explains the characteristics of job order costing and how it is used in environments where products and services are distinct and unique. It also discusses the process of creating a cost pool for a particular job and how to...

The video explains the concept of externalities and how they can have negative impacts on society. It uses the example of a paper factory polluting a river and causing harm to fishermen and the environment. The video also suggests ways...

This video explains the difference between recording costs as product costs versus period costs. These two systems of cost accounting have unique purposes in the managerial accounting system.

In this video, the importance of setting financial objectives for businesses is discussed. It is highlighted that businesses need to not only focus on their current financial state but also look ahead and set achievable and realistic...

How you answer difficult questions after a presentation is important. It's easy to lose your composure when you face tough questions during Q&A.

Most importantly, do not use any of the hostile, aggressive, prickly language...

Let me guide you through British money, the Great British pound sterling, also known as GBP.

Cost classification is a major component of absorption and variable costing. Absorption costing allocates fixed overhead to Cost of Goods Sold while Variable costing allocates fixed overhead to whisl Selling General and Administrative...

Cost behavior generally concerns how costs are affected by changes in output. The relevant range is the range of production over which cost behavior is consistent.

This video discusses the objectives and challenges that businesses face when trying to grow and expand. The presenter explains that growth can come through a planned strategy or through market changes, but that managing the growth can be...

A sensitivity analysis as part of the cost volume profit analysis shows how profits vary with changes in cost or volume.

The castle of the Knights of Saint John, was constructed with local stone and with the remains of previous constructions and buildings. It still shows a number of blazons on the masonry, some columns, bases and architraves from the ruins...

Variance in any of major variables employed in the cost volume analysis will cause a variation in the expected output or profits from operations. This video identifies the major variables that may vary in a CVPA analysis.