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The 52–53-week fiscal year (or 4–4–5 calendar) is used by companies that desire that their fiscal year always end on the same day of the week.Any day of the week may be used, and Saturday and Sunday are common because the business may more easily be closed for counting inventory and other end-of-year accounting activities.
For example, if the fiscal year end month is August, the company's year end could fall on any date from August 25 to August 31. In particular, the last fiscal week is the one that includes August 25 and the first fiscal week of the following year is the one that includes September 1. In this scenario, fiscal years would end on the following days:
The number of business days (non-weekends) in each month is 26. Since 91 is a multiple of 7, each quarter has 13 weeks and begins on the same day of week. The calendar is therefore perennial, since the dates of the year always fall on the same weekday, and the same calendar table represents every year.
Factory orders dropped 0.5% after a downwardly revised 0.8% decrease in August, the Commerce Department's Census Bureau said on Monday. Economists polled by Reuters had forecast factory orders ...
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Thursday's release also showed continuing claims hit 1.89 million in the week ending Oct. 12, up from 1.86 million the week prior and the highest level seen since November 2021.
Weekly jobless claims rose less than expected last week, reaching a seven-month low, as the impact of labor strikes and severe weather has made weekly data noisy over the last few months. New data ...
A precise date is specified by the ISO week-numbering year in the format YYYY, a week number in the format ww prefixed by the letter 'W', and the weekday number, a digit d from 1 through 7, beginning with Monday and ending with Sunday. For example, the Gregorian date Monday, 23 December 2024 corresponds to day number 1 in the week number 52 of ...