Accounting

Ronald Coase, however, upheld the market’s ability to determine prices. Product costs occur regardless of the number of batches or units produced.

For every batch of 100 units, Coffee Mug needs to warm up its machines at a cost of $1,000. Typically, the cost to design and market a product line comes to $10,000.
Applications Of Marginal Cost
A firm will continue to produce additional units as long as the marginal costs are less than the marginal revenue. The marginal cost for one addition […]

Russia introduced a flat tax of 13% on personal income in 2001, and a second higher rate of 15% in 2021. Most municipalities and most school districts in this state tax income, all using a flat rate. Where a municipal or school district tax exists, the combined rate ranges from 0.312 to 3.8712% depending on the location. Most municipalities and some school districts in this state tax income, all using a flat rate.

What country has the easiest taxes?

New Zealand one of the world’s sim […]

She leverages this background as a fact checker for The Balance to ensure that facts cited in articles are accurate and appropriately sourced. Nonprofit Finance Fund® (NFF®) is a nonprofit 501 and a Community Development Financial Institution . … topped up by lots of Investopedia and university articles like this one from Harvard Business School when summarising my learnings. How actively does the firm use its assets / what sales are produced from assets? Ratio is industry specific, eg grocery […]

Retained earningsis part of shareholder equity and is the percentage of net earnings that were not paid to shareholders as dividends. Retained earnings should not be confused with cash or other liquid assets. This is because years of retained earnings could be used for either expenses or any asset type to grow the business. Shareholders’ equity for a company that is a going concern is not the same as liquidation value. In liquidation, physical asset values have been reduced and other extr […]

Profits or net income generally imply total revenue minus total expenses in a given period. This is to be contrasted with the “bottom line” which denotes net income .

Revenue is the amount a company receives from selling goods and/or providing services to its customers and clients. A company’s revenue, which is reported on the first line of its income statement, is often described as sales or service revenues. Hence, revenue is the amount earned from customers and clients bef […]

Current liabilities are debts that a company must repay in less than a year, such as accounts payable and taxes payable. In turn, long-term liabilities are those debts for which the term is more than one year, such as bonds and leases. Its dollar value equals the portion of a company’s net earnings that has not been distributed as dividends to shareholders.

Treasury stock for the company is the amount stock bought back by the company and is no more part of the outstanding shares. The ret […]