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How to Value: Specialized Storage & Warehousing
Industry Description The specialized storage & warehousing industry in the U.S. comprises operators of storage facilities and warehouses designed for specific commodities or unique storage requirements (NAICS 49319). This industry excludes general merchandise storage, cold storage facilities, and agricultural product warehousing. The following are some basic characteristics of the specialized storage & warehousing industry:…
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Alternative Explanations in Lost Profits
In commercial litigation involving lost profits, the evidentiary burden to establish damages rests with the plaintiff. While expert witnesses are not required to prove causation—and are generally permitted to assume liability as a given—the credibility and strength of an expert’s opinion is greatly enhanced by a thorough and thoughtful consideration of causation and its alternatives.…
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Accounting in the Wild: The Accountant
The Accountant, staring Ben Affleck, Anna Kendrick and Jon Bernthal. At its core, its an action film with an autism-as-a-super-power protagonist. Middling reviews from critics, middle to positive reviews from audiences, made back it’s budget at the box office. Ben Affleck’s character is a forensic accountant for the criminal underworld. It is largely window dressing,…
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How to Value: Data Processing & Hosting Services
Industry Description The data processing & hosting services industry comprises providers that delivers specialized information management services such as transforming client data into reports and offering hosting infrastructure for websites and applications (NAICS 51821). The industry also includes automated data entry and data processing services. The following are some basic characteristics of the data…
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The Basics of Deductible Costs
Please do not accept assertions by opposing counsel and/or their expert witness that 100% of costs are an appropriate deduction from lost profits or disgorgement calculations. Nor should you blindly accept assertions that none of the costs are deductible. While there are circumstances in which deduction of 0% or 100% of costs is appropriate, they…
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Further Developments to the Corporate Transparency Act
Last time on Nolte Analytics’ coverage of the Corporate Transparency Act, a nationwide preliminary injunction halted enforcement of the Corporate Transparency Act’s reporting requirements. On February 18, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction, and the beneficial ownership information reporting requirements are once again in effect for…
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How to Value: Plastic Pipe & Parts Manufacturing
Industry Description The plastic pipe & parts manufacturing industry in the U.S comprises the production of various plastic pipes, fittings for those pipes, and unlaminated plastic profile shapes like rods, tubes, and plates. (NAICS 32612). Excluded from this industry are plastic hose fixtures, plumbing fixtures, and plastic packaging products. The following are some basic…
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The Basics of Benford’s Law
Also known as the First-Digit Law or the Law of Anomalous Numbers, Benford’s Law describes the frequency distribution of leading digits in many sets of numerical data. It states that in many naturally occurring datasets, the smaller digits appear as the leading digit far more frequently than larger digits. In simpler terms, the number 1…
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Accounting in the Wild: The Three Stooges
I came across an old Three Stooges skit wherein $10 was used repeatedly to repay $60 owed between the characters. It seemed a little silly, but it got me wondering as to whether it held up. Over-analyze the accounting implications of a 20 second joke? Yes, please! The Skit Moe, to Larry: “And speaking of…
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How to Value: Electricians
Industry Description The electricians industry comprises a wide range of on-site electrical services, including new installations, modifications, maintenance, and repairs, as well as the sale and installation of electrical equipment (NAICS 238210). The industry also includes professionals who are responsible for executing various electrical projects. The following are some basic characteristics of the electricians…
