Joint Costs and the Split-Off Point, Explained: How Makers Allocate Shared Production Costs
Joint costs split at the split-off point by physical units, sales value, or NRV — but sell-or-process-further decisions must use incremental dollars only.
Mike Thrift
Marketing Manager
Las Vegas Sands Q3 2026 Earnings: The $3.2B Quarter the House Didn't Win
Las Vegas Sands Q3 2026 revenue fell 3.5% to $3.22B and net income 27% to $304M — Marina Bay Sands mass hold sank to 18.7% even as table drop rose 12.6%.
LIFO Reserve and LIFO Liquidation, Explained: The Footnote That Restates LIFO Inventory to FIFO
The LIFO reserve is FIFO inventory minus LIFO inventory; liquidating old layers books phantom profit that Section 472 still taxes in full.
Market Cap vs. Enterprise Value: Why Share Price Times Shares Outstanding Misses Debt and Cash
Enterprise value adds debt and subtracts cash from market cap, giving the theoretical takeover price buyers actually negotiate from.
Moody's Q3 2026 Earnings: The $4.24 Quarter Built on a $115M Divestiture Gain
Moody's Q3 2026 revenue rose 1% to $2.02B while diluted EPS jumped 18% to $4.24 — a $115M divestiture gain and buybacks did the work; adjusted EPS grew 6%.
Quest Diagnostics Q3 2026 Earnings: The $3.1B Quarter Where Volume Did All the Work
Quest Diagnostics Q3 2026 revenue rose 10% to $3.10B on 14.5% more requisitions while revenue per requisition fell 4.2%; diluted EPS jumped 28.7% to $2.78.
Real Estate Dealer vs. Investor: Why the Same Gain Is Ordinary Income for a Flipper and Capital Gain for a Landlord
Dealer flips face IRS ordinary income plus self-employment tax; investor sales get capital-gains rates, installment sales, and 1031 exchanges.
Software Escrow Agreements, Explained: How Source-Code Escrow Protects You When a Critical Vendor Fails
Software escrow holds your vendor's source code with a neutral agent, releasable on insolvency or support failure — verify it builds, or it protects nothing.
Southwest Airlines Q3 2026 Earnings: Record $8.4B Revenue, EPS Guide Cut 27% on Fuel
Southwest Airlines Q3 2026 revenue hit a record $8.4B (+21.2%) and profit rose to $270M, but $4.55 fuel cut the 2026 adjusted EPS guide to $2.60–$2.85.
Spotify Q3 2026 Earnings: €4.97B Revenue and 306M Subscribers as Net Income Falls 42% on Last Year's One-Offs
Spotify Q3 2026 revenue rose 16% to €4.97B on 306M subscribers and operating income 15% to €672M, but net income fell 42% as a €197M note gain lapsed.
Stale-Dated and Postdated Checks: the Six-Month Rule, Why Your Bank Can Still Pay, and What to Do Next
A check goes stale six months after its date, but your bank may still pay it in good faith — act before the bank chooses for you.
Stripe Atlas vs. Firstbase vs. Clerky: Which Incorporation Service Fits Your Startup?
Venture-track founders should pick Clerky's lifetime plan for SAFEs and options; Atlas wins on speed plus banking, Firstbase on non-US onboarding.