Based on income statements, management can make decisions like expanding to new geographies, pushing sales, increasing production capacity, increased utilization or outright sale of assets, or shutting down a department or product line. Competitors m... Read more
Then in 2009, when sales grew 25 percent, SG&A as a percentage of revenue is now 22 percent. The revenue growth is great, but it's being outpaced by expense growth. The common-size analysis let's you easily identify discrepancies that you'll want to ... Read more
Therefore, Following two key points will lead you to attract a candidate for your business to work without payment. Design By GraphicsBirds forDevoluxe.comThe first thing you should do is identifying the purpose of you are hiring an employee. Therefo... Read more
Identify all the expense categories that don’t change from month to month, such as rent, salaries, insurance premiums, depreciation charges, etc. Your total fixed cost is simply the result when you add up each individual fixed cost. Once you kn... Read more
Bear in mind that choosing an accountant can be a personal decision, so what's right for your best friend's PR business might not suit your manufacturing company. The best accountant for a sole trader might not be the best fit for a company with ten ... Read more
So a current ratio of 4 would mean that the company has 4 times more current assets than current liabilities. It indicates the financial health of a company and how it can maximize the liquidity of its current assets to settle debt and payables. The ... Read more
If the allowance for bad debts account had a $300 credit balance instead of a $200 debit balance, a $4,700 adjusting entry would be needed to give the account a credit balance of $5,000. Aging schedule of accounts receivable is the detail of receivab... Read more
Fees depend on provider and course type; self-study courses average $1,300 and live courses average $3,000. Select review course providers offer MNCPA group discounts . Remember that your preparation can help you pass each section the first time and ... Read more
Without great records, no one can prepare an accurate tax return and we can’t provide you with great tax strategies that will actually be impactful because we’d just be guessing. Accounting service fees vary depending on the services you ... Read more
To make the salary vs. draw decision, you need to understand the concept of owner’s equity. With protection from personal liability, it’s easy to see why LLCs are a common choice for small and medium business owners. Filing as an LLC prov... Read more
