Try to break notes of larger denominations ($50/$100) into smaller ones ($2/$5/$10) when possible. Singapore may not have scenic mountain ranges or awe-inspiring topography, but it’s also out of the path of any major tectonic movement. You are unlikely to face any major natural disasters – no earthquakes, volcanos, typhoons or sandstorms here. Singapore may be hard to spot on a map, but you’ll find it just south of the Malaysian peninsula in Southeast Asia, four hours away from China by plane. Practically located on the equator, expect hot tropical weather ranging from 25 to 35ºC (77 to 95ºF) every single day in Singapore. A small umbrella is essential in case of scorching rays or sudden downpours.
- Be it the classic SG or the hollow body SG-style guitar, delving into this guide promises to discern the best fit for you.
- In addition to this, the SG&A expenses of your company are an important factor in determining the overall financial health of your business.
- While rather uncommon in practice, a company’s SG&A expense can be derived by rearranging the first formula.
- The body’s lightweight nature and contouring contribute to playability, ensuring a comfortable fit against a musician’s torso.
Everything You Need To Master Financial Modeling
All of these elements combine to make a gorgeous-looking guitar that is more than the sum of its parts. While this SG comes in three color options, Heritage Cherry, Alpine White and Ebony, we were excited to see that our review example arrived in a wickedly pitch-black finish. We’ve always loved a black SG, believing that the sleek, dark hues and high gloss finish complement the SG’s bevelled edges and countless contours, and this Epiphone is no exception. While this finish may not be nitrocellulose like its big brother, it does have a rather impressive shine, resulting in an expensive look for this budget-friendly instrument. This change still left a slight recess where the change from body to neck was visible, but by 1969, the body was extended even further and the heel was smoothed, rounded, and gave a consistent look to the SG. Download the Musician’s Friend App and receive personalized notifications, explore product reviews and gain access to your favorite brands and gear, anytime and anywhere.
SG&A Margin
In times of financial difficulty, operating expenses can become an important focus of management when implementing cost controls. Operating expenses, or OPEX for short, are the costs involved in running the day-to-day operations of a company; they typically make up the majority of a company’s expenses. Apple reported notes payable vs accounts payable $14.48 billion in operating expenses for the quarter as part of its Q financial reporting. Of this, $7.70 billion was research and development and $6.79 billion was selling, general, and administrative. Both encompass expenses that are necessary to operate a business independent of the costs of manufacturing goods.
Understanding Selling, General, and Administrative Expenses (SG&A)
Where this get’s a little bit tricky is that SG&A expenses exclude your COGS (Cost of Goods Sold) expenses. You’ll find that most attractions have water coolers where you can refill your reusable bottles while you’re out and about during the day. If you’re eating out in a restaurant or cafe, there is usually a 10% service charge included in the bill. Some places may have a tip box but otherwise, additional tips are not mandatory or expected, though they are appreciated in the service line. However, do carry some cash around with you as it remains the prevalent method of payment for most small businesses, eating at hawker center stalls, or taking a taxi.
The Comprehensive Guide to SG-Style Guitars: Price Points, Builds, Alternatives and Customisations
Ever wanted to understand and appreciate the SG-style guitar as deeply as an industry insider? From comprehending the unique features and specifications to the aesthetics and designs that make these models stand out, I’ve shared a wealth of knowledge in this guide. As we continue to explore the fascinating world of SG-style guitars in this guide, remember that finding the perfect SG is a journey, one where the thrill lies in the pursuit.
Thus, as the years go by, the prices of the Gibson SG Standard of these years go down. Thus, as the years go by, the prices of the Gibson SG Standard go down. It’s widely agreed that the early ‘60s models were the best – but that might not ring true for everyone. The former involves lesser-quality woods being sandwiched together between what little scraps of decent wood Gibson could find, in order to give the outward appearance of a high-end guitar.
SG&A is both critical to the success of a business and vulnerable to cost-cutting. Cutting the cost of goods sold (COGS) can be tough to do without damaging the quality of the product. Cutting operating expenses can be less damaging to the core business. SG&A costs are typically reduced after a company merger or acquisition which makes it possible to reduce redundancies. Thus, throughout the Norlin period of the 70s and beyond, they tried to restructure the production processes and designs of guitars, such as the SG, to reduce costs.
Depending on your business, you could refine and subdivide the categories further to get more detailed insight in your costs…but if your company is still relatively immature, we suggest keeping things simple. Do you need all of that office space you’re currently using, or could you sublease some of it to another business? Are you being https://accounting-services.net/ as efficient with your electricity and heating costs as you could be? Look through each of your business’ monthly expenses and make sure you aren’t overpaying for them. The SG&A to sales ratio (also sometimes called the percent-of-sales method) is what you get when you divide your total SG&A costs by your total sales revenue.
These P-90s work for ’40s-style jazz and blues, ’50s-style rockabilly, ’70s-style arena rock and virtually anything today. This SG Special has a mahogany neck with an Indian laurel fretboard that looks and wears like rosewood. Over the years, the SG has gone through various iterations with slight tweaks to everything from the bevels and contours to the bridge style and pickups. Today Gibson makes a slew of SG models, from historic reissues that capture the magic of the original to contemporary versions that are perfect for modern shredders. SG&A stands for “selling, general & administrative”, and is a catch-all category of expenses that is inclusive of spending that isn’t a direct cost, otherwise known as cost of goods sold (COGS). SG&A, or “selling, general and administrative” describes the expenses incurred by a company not directly tied to generating revenue.
Guitars from the 1970s are still appreciated, as the only significant change from the late 1960s is the 3-piece scrolled neck. But as the years go by and the modifications are made, they are less and less appreciated. Thus, Gibson SGs from 1971 onwards are the years to avoid, especially the period from 1979 to 1985 where the pickup selector and jack are located elsewhere. Then, in 1971, Gibson changed the neck fit of the SG guitar, so the neck was further inside the body. Also, rectangular inlays are being used instead of trapezoidal ones.
I have witnessed and partaken in its evolution, from the crafting process to its sonic capabilities. My years dedicated to writing for Guitar Player magazine affords me a unique, expert perspective, one I’m eager to share with you in this comprehensive guide. Epiphone relaunched its line of SG guitars in 2020, improving the quality, fit and finish of these more accessible instruments. For a new player, an Epiphone is an outstanding first guitar that lasts.
Our vintage team is just as excited about SGs as you; rest assured that we’ll do the work to ensure that there are no surprises. The Epiphone Limited-Edition SG Special-I comes with an impressive amount of 5-star reviews. It has a mahogany body, a mahogany neck with a SlimTaper profile, and a pair of open-coil ceramic humbuckers that loved to be pushed to the limit. The SG Special Satin E1 has a lightweight poplar body with a mahogany veneer, plus the same set of scorching pickups. Whether it’s a first guitar, couch guitar, backup, or one to mod or ease the transition from acoustic to electric, these Epiphones have a remarkable value. While you might not want to tune down to C# and play with leather thimbles, the Gibson Tony Iommi SG Special is one way to capture that Sabbath sound.
In contrast, the operating profit margin (or “EBIT margin”) is calculated by dividing a company’s operating income by revenue. The SG&A margin describes the relationship between a company’s selling, general and administrative costs and the amount of revenue generated in the corresponding period. The SG&A Margin is the ratio between a company’s selling, general and administrative costs and net revenue in a given period, expressed as a percentage. The journey of embarking on a DIY guitar kit is enriching, and there’s a unique satisfaction in playing an instrument crafted by your own hands. Let my decades of experience in guitar crafting elevate your SG guitar kit journey.
The difference between the SG&A expense and cost of goods sold (COGS) line item is as follows. Companies are often required to carry insurance policies and to spend money to maintain their headquarters. The historical SG&A margin is first calculated before assessing the trend of the ratio. However, comparisons must be made relative to the industry within which the company operates, as the average benchmark varies significantly by industry. Zooming in on the specifics – NUS has been ranked as the eighth best university in the world, and it’s also the top university in all of Asia. On the other hand, NTU scores fifteenth globally and third in Asia, coming in right behind Peking University from China.
Luckily, if you fancy following in the footsteps of rock royalty, now is the time, as the guitar giant is producing some of the best Gibson SGs ever, with more configurations than you can shake your devil horns at. Once SG&A is deducted from gross profit – assuming there are no other operating expenses – operating income (EBIT) remains. The differential between gross profit and EBIT, assuming there are no other operating expenses, represents the incurred SG&A expense in the given period.
Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Therefore, operating expenses and SG&A are terms that are often used interchangeably, but differences can arise if, for instance, depreciation and amortization (D&A) are broken out in a separate line item. Historically, the company’s gross margin was 60% in both periods, while its SG&A margin was 25% and 24% in 2021 and 2022, respectively. The SG&A margin ratio can be informative in terms of understanding a company’s cost structure.
