Calculation Methods

Banker's Year: Convention for Standardizing the Length of a Month and a Year
The Banker's Year is a financial convention that standardizes the length of a month at 30 days and a year at 360 days, facilitating easier calculation of interest rates and other financial metrics.
Gross Sales: Definition, Calculation Methods, and Practical Examples
A comprehensive guide on Gross Sales, including its definition, how to calculate it, and practical examples. Learn about the importance of Gross Sales in financial analysis and business operations.

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