Anfisa is a talented accountant.
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However, as part of the American Rescue Plan Act of 2021, the government has waived all premiums from April 1 through Sept. 30 in 2021 for people who have lost a job or had their hours cut. Negotiating this accord can ease your transition to a new job, relieve stress, and possibly provide a nice financial cushion. However, a monetary arrangement isn’t the only topic to discuss in these discussions; you should also consider continuing insurance benefits, assistance in finding another job, […]
As noted above, expenses are almost always debited, so we debit Wages Expense, increasing its account balance. Since your company did not yet pay its employees, the Cash account is not credited, instead, the credit is recorded in the liability account Wages Payable. Purchase discount is an offer from the supplier to the purchaser, to reduce the payment amount if the payment is made within a certain period of time. For example, a purchaser brought a $100 item, with a purchase discount term 3/10, […]
So, excluding depreciation and amortization can give business managers a comparison of their company’s performance with other companies in the same industry. EBIT is popular among analysts when analyzing a company that is less capital intensive, such as a tech firm. On the other hand, analysts prefer EBITDA when analyzing capital intensive sectors or firms that amortize the massive amounts of tangible assets, such as Real Estate and Aviation. If we use EBIT for such firms, then a large am […]
Outstanding shares are simply shares that have been bought by stockholders. So, common shares outstanding refers to the number of shares of common stock that have been purchased by stockholders. To figure out the number of common shares outstanding, we’ll usually have to do a little extra math, using the information in the stockholder’s equity section of the balance sheet. On the balance sheet, it will tell us how much money the company received for selling common shares, along with […]
Therefore, the cost driver for your business was products returned by customers. It is hard to determine the exact basis for the cost drivers to get the actual costs, which will defeat the ultimate goal of the business to find the actual cost of the product. These are an advantage for a product as they bring out the actual cost incurred on the products based on the correct allocation of the processes or activities. We are going to look at the following example in order to get a clear picture of […]
The earnings figure is listed as net income on the income statement. When investors and analysts speak of a company’s earnings, they’re talking about the company’s net income or the profit. As a bonus, analysts also like to see EPS numbers growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. Is higher PE ratio (more…) […]
EBIT, or earnings before interest and taxes, is a measurement of a company’s profitability directly related to its sales. EBIT answers the question of whether a company makes a profit from selling its merchandise.
When you produce your financial statements each month and year, generate the EBIT balance. Compare the balance to past periods, and determine if the trend is increasing or decreasing. Compare your firm’s performance to other companies in your industry. Generally accepted […]
Regular audits of the inventory are carried out to check the frequency of stock-outs of different items. Advanced modelling tools and frameworks are used to determine the economic order quantity that will minimize the stock out and also the inventory carrying cost. A shortage of working capital may limit the value of orders that can be placed each month. This could be caused by poor cash flow management or other inventory issues such as too much cash (more…) […]
The members of the credit unions are the ones that own accounts in the institution; hence, the depositors are also partial owners and receive dividends. A depository allows traders and investors to hold securities in dematerialized form; thus, eliminating the risk related to holding physical financial securities. The buyers and sellers now do not need to check whether the securities have been transferred successfully without any loss or theft. The depository system reduces such risks by allowin […]
All acquisitions of raw materials are recorded in a raw materials control account when purchased. Additionally, it needs reliable suppliers that can always deliver parts quickly, and the ability to efficiently assemble machines that put together its vehicles. Other methods for eliminating waste and saving storage costs is by using dropshipping or consignment inventory. You can compare these two inventory models and see what might work for your business so you can focus on growing sales. The pro […]
