Accounting

Because income statements have a few limits, they may not always be the best source to consult. Capital structure and cash flow, just to name two, can make or break a firm, and you’ll want to have correct figures.

Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience.
Examples of nonrecurring items include losses due to fire or theft, the write-off of a company division, the acquisition of another c […]

AICPA Revenue Recognition Task Forces are charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard. This is the expected cost to retire an asset, and a utility has to record this obligation up front, maybe years before an asset is actually retired. The classic example of this in the utility industry is a nuclear power plant, where the retirement cost is incredibly high. The a […]

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 […]