A low gross profit margin indicates that you spend most of the money you make, which can spell financial disaster for your business if you run into…
Normal asset accounts have a debit balance, while contra asset accounts are in a credit balance. Therefore, a contra asset can be regarded as a negative asset…
To prepare for those times when you need to use a check, find out if you have enough or need to order more. A voided check is…
You pay the higher rate only on the part that’s in the new tax bracket. There are numerous other credits, including credits for the installation of energy-efficient…
Furthermore, the profit and loss statement consists of the unchanging sales and expenses categories. These categories include Net Sales, Cost of Goods Sold, Gross Margin, Selling and…
If markup is 30%, the percentage of daily sales that are profit will not be the same percentage. For businesses operating internationally, currency exchange rate volatility can…
Unlike fixed costs, which remain the same no matter how much you produce, variable costs increase the more you produce. For this reason, it’s important to ensure…
This is even larger than the stock market, which at the end of 2020 was valued at $93.7 trillion. Since their issuance, their price has either increased…
Cash inflow occurs in case of raising capital (such as loans or equity) and cash outflow occurs in case dividends are paid or when interests on cash…
The Departments appreciate the suggestion that when fixed indemnity excepted benefits coverage is sold as part of a bundled package, the notice should be displayed on the…
Recent Comments