What is purchase invoicing?
What is a Purchase Invoice? It is a document that is issued by the purchaser of goods and services, confirming that the order is indeed valid and has been...
Category: General
How do you calculate stock earnings?
How do you calculate stock profit? Costs = (Number of Shares x Share Purchase Price) + Commissions. Proceeds = (Number of Shares x Share Sell Price) + Div...
What is the importance of sales budget to production budget?
Improves Cash Flow Management Your sales budget also directly impacts your production budget, because the production budget details how many products, goo...
What is segment contribution margin?
12-7 The contribution margin is the difference between sales revenue and variable expenses. The segment margin is the amount remaining after deducting tra...
What affects return on assets?
Increase Sales An increase in sale, while lowering expenses, may increase the percentage of return on assets. Increasing sales to impact on ROA requires a...
What does barometer mean in Greek and Latin roots?
barometer (n.) 1660s, from Greek baros “weight” (from suffixed form of PIE root *gwere- (1) “heavy”) + -meter. Who invented the barometer? Evangelista Tor...
How can an S Corp reduce taxable income?
Slash S-Corp Taxes for Good #1 Reduce Owner’s Wages. #2 Cover Owner’s Health Insurance Premiums. #3 Employ Your Child. #4 Sell Your Home to Your S-Corp. #...
What are accrued expenses?
An accrued expense, also known as accrued liabilities, is an accounting term that refers to an expense that is recognized on the books before it has been ...
How do you debit interest and credit expense?
When you take out a loan or line of credit, you owe interest. You must record the expense and owed interest in your books. To record the accrued interest ...
How is relevant range applicable to CVP analysis?
One of the assumptions of CVP analysis is that costs will behave in the same manner within the relevant range. The relevant range represents the activity ...
