As the company’s cost accountant, the manager wants you to decide whether or not to accept this order. The following data will be used for three pairs of income statements that follow in sample problems. The only difference in the three scenarios is the number of units produced. For example, Amy is quite concerned about…
Content Tax Deadlines: When Are Business Taxes Due? Resources for YourGrowing Business What if I made a mistake and need to re-file my taxes? YNAB Review : Make Your Money Work for You C corporation (short period) What are the sole proprietor tax deadlines? Which Tax Services Can Help My Business Succeed? December 15 For…
Content The perfect software to manage all your construction projects There’s more to Zoho Books than meets the eye. CONTRACT ACCOUNTS Cloud accounting software purpose-built for the construction industry IASB news Join our next free online webinar for Construct for Sage 50 Contract Costs and IFRS 15 Each of these contracts requires its own individual…
Content What is project accounting software? Planning and setup Powerful accounting tools, unified visibility Top Project Accounting Software Grid-Connected Electricity Projects FinancialForce What is Project Accounting? The importance of project accounting is clear; cost is one-third of the triple constraint and managing those finances is key to delivering a successful project. Knowing how much you’re…
It makes sense for you to leave more room in your SG&A benchmark costs. It’s dependent on your industry, your stage of growth, your overall strategy, and quite a few things beyond that. A good rule of thumb for SG&A is to think of it as everything that doesn’t go into COGS (cost of goods…
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Content Breakeven Point (BEP) Formula In Business Calculating the Break-Even Point in Units Calculate break even point in units Importance of the Break Even Point Formula Accounting Certifications Catch missing expenses Benefits of a break-even analysis Free Cost-Volume-Profit Analysis Template If the competition is high, the business may need to lower its prices to remain…
Content Active and passive income streams Why Multiple Income Streams is Crucial Create A Profitable Online Store! Which Stream Of Income Should You Pursue? Which passive income source is best? Finding the right secondary income source may take some experimentation. But the sooner you find the right mix, the faster you’ll achieve your financial independence…
Contents: How to Calculate Cost of Debt How To Calculate the Cost of Debt Capital Cost of Capital Formula Capital structure deals with how a firm finances its overall operations and growth through different sources of funds, which may include debt such as bonds or loans. The other approach is to look at the credit…
Content How T-accounts are Recorded Locating Errors Why Can’t Single Entry Systems Use T Accounts? Debits and Credits for T Accounts Credit card issuers earn money, in part, on the interest consumers pay. That’s why, in most cases, you can’t transfer a credit card balance from one card to another if both cards are with…