The payback rule is stated as” The time taken to payback the investments”. The reason is that the longer the money is tied up, there are fewer chances to invest it anywhere else. Simply, give a try to this online markup calculator to calculate revenue and profit that depends on the cost & markup of […]
If you’d like to outsource some or all of your accounting obligations, here’s how to get started. Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is […]
The company’s period costs are $169,800 ($147,300 operating expenses + $500 interest expense + $22,000 tax expense). The best way to calculate total period costs is to use your income statement as a checklist. Print out your income statement from your accounting software and add a small column to the right. Ask yourself whether each […]
The former heavyweight champ influenced such notable wrestlers as Hulk Hogan and Jesse Ventura. Unfortunately, according to Graham, an exposure to tainted blood in the wrestling ring led to a diagnosis of hepatitis C, resulting in a liver transplant in 2002. Knievel had subsequent health problems, including diabetes, pulmonary fibrosis, and strokes, but continued doing […]
Deductible expenses are necessary costs incurred in the operation of a business. These can include advertising, bank fees, employee salaries, office maintenance, and more. Such expenses can be subtracted from your gross income to lower your taxable income. Higher Cash Flows to Investors Qualifying interest costs for individuals usually include first and second mortgages, student […]
The balance sheet is also referred to as the Statement of Financial Position. The expanded accounting equation goes hand in hand with the balance sheet; hence, it is why the fundamental accounting equation is also called the balance sheet equation. Any changes to the expanded accounting equation will result in the same change within the […]