Metrics and measuring performance is often tricky and three consecutive dashboards should be used for each product, each building on the last with further information and data. We have discounts for early stage startups, nonprofits, and anyone willing to participate in a case study of their experience. The retail price of Innovation Accounting program is […]
If the machine is used for three more years, the depreciation expense will be $0 in each of those three years. During those three years, the balance sheet will report its cost of $100,000 and its accumulated depreciation of $100,000 for a book value of $0. Retirement occurs when a depreciable asset is taken out of service and no salvage value is received for the asset. In addition to removing the asset’s cost and accumulated depreciation from the books, the asset’s net book value, i […]
Contribution margin ratio is one of the most important business terms every man… Getting control of your labor costs starts with scheduling. Sling’s labor costs featuregives you the power to optimize your payroll as you scheduleso your spending doesn’t get out of control. You can lower your labor costs by harnessing the power of the Slingapp. Customer loyalty is the measure of a consumer’s willingness to do repeat business with your company or brand. Old inventory isn&rs […]
Sales mix is the proportion of each product sold relative to total sales. Sales mix affects total company profits because some products generate higher profit margins than others. Sales mix variance includes each product line sold by the firm. A favorable or unfavorable revenue variance occurs if the actual selling price is greater or less than the budgeted selling price, respectively. A small business might be able to raise prices if there is strong enough demand or if everybody is raising pri […]
Every business has its own process for classifying outstanding accounts as bad debts. In general, the longer a customer prolongs their payment, the more likely they are to become a doubtful account. When your business decides to give up on an outstanding invoice, the bad debt will need to be recorded as an expense. Bad debt expenses are usually categorized as operational costs and are found on a company’s income statement.
How is the allowance method of accounting for bad debts differen […]
Callable bonds are subject to retirement at a stated dollar amount prior to maturity at the option of the issuer. The conversion often gives bondholders an opportunity to benefit if the market price of the common stock increases substantially. Unsecured bonds are issued against the general credit of the borrower.
They have built up large balances of cash and cash equivalents to avoid a cash crisis.
A bond payable account is credited in the books of accounts with the corresponding debit to the […]