Author: Anfisa Dmitrieva

If that’s the case, it made you money and the expense is recorded as cost of goods sold. When something spoils or expires before you can sell it, you have to take the expense as a deduction from your net profits. In a double-entry accounting system, …

The only things that matter are the future consequences. Any costs incurred prior to making the decision have already been incurred no matter what decision is made. This is known as the bygones principle or the marginal principle. In economics and bu…

The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark and is marked with a plaque calling it the “Birthplace of ‘Silicon Valley'”. The company got its first big contract in 1938, providing its test and measu…

Fixed overhead expenditure variance is calculated by subtracting the actual fixed overhead cost from the budgeted fixed overhead cost. It can be favorable when the budgeted fixed overhead is less than the actual fixed overhead or adverse when the act…

As explained in the last paragraph, the purchases invoice is the original of the sales invoice sent by the supplier to the customer. Therefore, the sales invoice and the purchases invoice contains the same details. The only difference is that purchas…

For example, lawyers.com provides a database of legal professionals. The site allows you to search for a law firm based on the location and the type of service they provide. You can then get in touch with the firms to discuss your needs for a lawyer….

As an options trader, you can take advantage of this down-market volatility to help investors curtail their losses while also earning a potential profit for yourself. One of many options trading strategies, selling open put options could, if executed…

With credit cards and other revolving debt, you are expected to pay a minimum amount on the outstanding balance. This can create numerous required payments with a wide range of repayment amounts, causing difficulty in budgeting. Another reason you ma…

There are two types of linear regression, simple linear regression and multiple linear regression. Regression analysis in business is a statistical technique used to find the relations between two or more variables. In regression analysis one variabl…

The Department of Labor has noted that federal grants are excluded from the coverage of Executive Order 13706, as well as employees who perform work in connection with covered contracts for less than twenty percent (20%) of their hours worked in a pa…