Personal Financial Improvement through Side Gig:

5 gig economy websites that help you make more money

Personal Financial Improvement through Side Gig:

Motivation is the key factor which can give a boom to a person productivity. That’s the reason every business organization giving a compensation to their employees to keep their motivation level high for productivity. But that’s not enough the 9 am to 5 pam or the 40 hours weekly work in a very stressful business environment with low job security and in very not comfortable business and economic conditions their productivity level is not same all the time.

That’s the reason now the many researchers they are saying that the side gig or side business and some other means of earning can improve the employees and individual productivity, level of satisfaction and financial worth.

That’s the reason many business organization they conduct the workshops, tanning sessions and seminars or on job trainings to motivate their employees and to help them to improve their personalities, productivity and make their mind healthy. Their trainer are well aware about their mental conditions and with the wealth distribution in our societies. They know that how they act with their financial conditions. That’s the reason they motivate them to work with passion. Because passion is the most powerful key which gives more motivation and improve the productivity.

Employees whose passion is their profession their productivity and mental satisfaction is always be high and those who’s profession and passion are different from each other. Their productivity and mental satisfaction in not properly constant.

Now the people and employees realize that and they start their side business to improve their financial obligations and reduce the impacts over productivity due to job insecurity.

The Side business helps us to improve our financial conditions, financial worth and that also helps us to improve our job satisfaction and productivity level. In short that helps them to act and behave like a leadership. Because the leadership skills gives a person freedom and improvement in decision making skills.

A side Gig or business is very necessary for us now to cover our financial needs and improve our decision making skills, because the mind storming and risk taking or risk managing abilities comes through it.

Constant gross-margin percentage NRV method:

According to this method determination of the gross margin percentage for all of the products. When we find out the overall gross margin percentage and subtract the appropriate gross margin form the final sales value of each product to calculate total costs for the product and at last to subtract the separate costs to arrive at the joint cost amount. Determination of the gross margin. “ Gleim’s book 15 th edition for the CMA-USA students and Professionals is the source of all the examples and this topic”

Methods of Joint Product & By-Product Costing:

Joint Product Costing is techniques in which there are two or more products are produced with a common manufacturing process from a common process of input, which output from that manufacturing process, are known as joint products. The costs which incurred over this complete manufacturing is known as joint or common costs because the process output is in the shape of two or more than two products. But there is a point how we know that how much cost we need to spend over these separate products? At the Split-Off point where the products are being separate from the manufacturing process at these points when the cost incurred these costs are called Separable costs. For explaining these all methods we have many examples but the example which I am going to give there that is from the Oil sector. The Oil rigging is a process to produce the oil which a natural resource but during the producing process there are many other joint products which we abstract from this process the

Terminologies of Insurance:

Terminologies of Insurance: There are many terminologies and jargons normally used by the agents, brokers and bankers which are very helpful to understand the insurance policies and the operations related to them. These terminologies helps us to understand the whole processes. Insurance : That protect us from the uncertainties of life events. It protect us and our families form the harms of these events which badly damage our life through uncertain events. Insurer : Insurer are the companies which offer their insurance policies and people purchase their policies. Insured : Insured is the policy holder in who’s name the policy is purchased is called the insured. Premium : This is the amount which one pays to the insurance company to purchase an insurance policy. In an insurance agreement the risk is transferred from the insured to the insurer for which the latter charge

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