Bookkeeping

Book a free consultation and have a CPA working in the space support your company’s activities today. For those operating in the medical and recreational cannabis sectors, you’ve likely had your fair share of complications. Despite this being one of the fastest-growing industries in the United States, the financial aspect of this space complicates things….

Thus, Dobson Books Company suffered a loss of $30,000 during the previous year. This means that $15 is the remaining profit that you can use to cover the fixed cost of manufacturing umbrellas. Also, you can use the contribution per unit formula to determine the selling price of each umbrella. However, the growing trend in…

It is in your best interest to keep a close eye on who has access and what they have access to. These reports demonstrate how well your eCommerce company is performing by comparing current revenue and expense amounts to the overall budgeted amounts, helping to identify cost-saving and expansion opportunities. Encourage customers to buy by…

For production houses, a perpetual inventory system gives real-time data about raw materials, work in progress, and finished goods. In specific identification, businesses are entered goods with a unique identification like batch or lot number and keep records of which goods are left based on its identification number. In this way, you easily manage expired…

Enter the required percentage rate of return without the percent sign. This is often arrived at by adding a percentage for risk premium to the T-Bill rate. Note that the required rate of return must be greater than the stock growth rate in order for the dividend growth model to be used for common stock…

And right at the bottom of the page, you can find more questions on the topic submitted by fellow students. Accounting for loan payables, such as bank loans, involves taking account of receipt of loan, re-payment of loan principal and interest expense. When making loan payments, it is important to ensure that the payments are…

Where loan is to be repaid in several installments, the current and non-current portions of the loan would need to be calculated using the loan repayment schedule (see example). Generally, the interest payment is related to the principal amount that is owed to the lender. Whenever a principal payment occurs, the balance of the principal…

Where loan is to be repaid in several installments, the current and non-current portions of the loan would need to be calculated using the loan repayment schedule (see example). Generally, the interest payment is related to the principal amount that is owed to the lender. Whenever a principal payment occurs, the balance of the principal…

And right at the bottom of the page, you can find more questions on the topic submitted by fellow students. Accounting for loan payables, such as bank loans, involves taking account of receipt of loan, re-payment of loan principal and interest expense. When making loan payments, it is important to ensure that the payments are…

Whether a bond is trading at a discount or premium, the issuer always repays the par value to the investor at maturity. The par value of shares, or the stated value per share, is the lowest legal price for which a company sells its shares. Bonds have a par value, of course – it’s just the…