Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
Operating Income Vs. EBITEBIT refers to the business’s earnings during a period without considering the interest expense and the tax expense. In contrast, operating income is the income earned by a business organization from its principal revenue-generating activities, not considering non-operating income and expenses. The balance sheet is one of the three fundamental financial statements. The financial statements are key to both financial modeling and accounting. In corporate finance, th […]
If a specific maintenance worker or supervisor is assigned to the preparation function, their wages are allocated to that function even though these workers are not directly involved in preparing the chips to be baked. The accounting for the labor costs for June includes the following journal entries, shown in the following table. Homogeneous items are products that cannot be distinguished from one another — for example, a bin of screws of the same size and type. This type of analysis can be us […]
The accountant would then increase the asset column by $1,000 and subtract $1,000 from accounts receivable. The equation remains in balance, as the equivalent increase and decrease affect one side— the asset side— of the accounting equation. When posting entries to the ledger, move each journal entry into an individual account. Every time your business makes a transaction, you must record it in your books. There are a few steps you have to follow when accounting for a transaction. Keila spent o […]
The factory equipment operates on an average of 3,000 to 6000 hours per month. Let us consider firm M wants to determine the cost of electricity and supplies cost for its factory. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Investopedia does not include all offers available in the marketplace. Julia Kagan has written about personal finance for more than 25 years and for Investopedia since 2014.
Properly calculating the cost of goods sold, also known as COGS, helps you price correctly and deduct your business expenses appropriately for tax purposes. Ensure that any other direct costs of production are included in the valuation of inventory. Determine the cost of purchases of raw materials that were made during the period, taking into account freight in, trade and cash discounts. Whereas, the closing inventory is the unsold (more…) […]
CPG companies must also consider tax implications when conducting business. CPG companies may be subject to sales tax, income tax, and other taxes depending on their location and the nature of their business. CPG companies must comply with tax regulations and accurately account for any taxes owed. Generally, revenue cpg accounting is recognized when goods … Continue reading “What are Consumer Packaged Goods CPG? Robinhood”
Generally, tenders are invited giving details of the contract to fix up the contract price. As per agreement between the parties, any additional work may be charged separately. What are the two costing methods? Job costing and process costing are the two basic methods of costing. Job costing is suitable to industries which manufacture or execute the work according to the specifications of the customers. Process costing is suitable to industries where (more…) […]
The time value of money is a basic financial principle describing how money in the present is worth more than an equal amount in the future. As the old saying goes, “A dollar today is worth more than a dollar tomorrow.” The concept of the time value of money can help guide investment decisions. Time value of money means that a sum of money is worth more now than the same sum of money in the future. A sum of money in the hand has greater value than the same sum to be paid in the futu […]
Add back noncash expenses, such as depreciation, amortization, and depletion. Cash Flow From Operating Activities indicates the amount of cash a company generates from its ongoing, regular business activities. Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business. The same logic holds true for taxes payable, salaries payable, and prepaid insurance. If something has (more…) […]
If you would like to easily track your inventory and labor costs to gain insight into your operations, consider a comprehensive, restaurant-specific inventory management solution. With Restaurant365 you can save on food and labor costs by making adjustments in the moment, based on completely up-to-date information. Data-driven restaurant owners track prime cost consistently and as often as they can.
Direct materials is the basic physical ingredient, matter or substance which the (more…) […]
