Other current assets are included in the calculation of a company’s current ratio. The current ratio shows how well a company can cover its current liabilities with its current assets. Current ratio assets include inventory which is not as liquid as …
How do money market accounts work?
Posted on Posted on: 02.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on How do money market accounts work?There’s no monthly service fee, and only a $100 deposit is required to open an account. Account extras include higher interest rates on linked savings accounts and CDs, as well as fee waivers on selected services, including wire transfers and foreign…
Write dates like YYYY-MM-DD
Posted on Posted on: 02.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Write dates like YYYY-MM-DDIn some schools, students are required to give a lecture for one or both of the recitals, in which they explain the historical context or music theory or compositional issues involved in the pieces. This approach, called a lecture-recital, is designe…
Use the High-Low Method to Separate Mixed Costs into Variable and Fixed Components
Posted on Posted on: 02.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Use the High-Low Method to Separate Mixed Costs into Variable and Fixed ComponentsIf the bicycle company produced 10 bikes, its total costs would be $1,000 fixed plus $2,000 variable equals $3,000, or $300 per unit. Although fixed costs do not vary with changes in production or sales volume, they may change over time….
Managerial Accounting Chapter 2 Flashcards
Posted on Posted on: 02.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Managerial Accounting Chapter 2 FlashcardsThe insurance company’s liability is probably just $156,000, which is the amount of cost associated with the ending Finished Goods inventory as shown in part above. The relevant measure of activity for a steel company is probably the volume of steel …
What is MIS, its functions and the main characteristics?
Posted on Posted on: 02.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on What is MIS, its functions and the main characteristics?But did you know computers are also essential to an organization’s decision making? There are computer software and systems that help businesses analyze data in a scientific way to ease the decision-making process….
What Is a Discount Factor?
Posted on Posted on: 01.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on What Is a Discount Factor?The exit multiple method calculates the terminal value by using a multiple at the end of the projection period. Typically, you use the NTM or LTM EBITDA multiple, but you could also use a revenue multiple. The one constraint is that if you’re perform…
What days are considered early, mid, and late June?
Posted on Posted on: 01.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on What days are considered early, mid, and late June?They verify your personal information and other basic items, like if your dependents have already been claimed by someone else. Then they have a few days to approve your refund. They will take a more in-depth look at your return and your history. Aft…
DISCUSS THE FEATURES AND APPLICATION OF AN MICR.
Posted on Posted on: 01.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on DISCUSS THE FEATURES AND APPLICATION OF AN MICR.The information on the cheque is processed using MICR reader which updates accounts and performs various other processes. The MICR number allows computers to rapidly internalize a check number, routing number, account number, and other numbers or inf…
Difference between IFSC and MICR code
Posted on Posted on: 01.07.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Difference between IFSC and MICR codeRTGS is one of the main payment and settlement systems in India. To make a payment using RTGS, one requires details like name of the account holder, account number and the IFSC code of the bank. Money can be transferred from one bank account to anoth…