Per that calculation, Seasonal Inspirations has inventory carrying costs of 24%. The capital cost is the cost that a business expands on carrying inventory. The cost is what a business will incur over a certain period of time, to hold and store its i... Read more
The gross profit would be $11,800 ($19,000 Sales – 7,200 cost of goods sold). The journal entries for these transactions would be would be the same as show above the only thing changing would be the AMOUNT of cost of goods sold used in the Jan 8 and ... Read more
Under the Exchange Act, audited transition-period financial statements would not need to be filed until the company files its December 31, 2009 Form 10-K. However, a registration statement declared effective after November 14, 2009 (based on the 45-d... Read more
In corporate finance, the debt-service coverage ratio is a measurement of the cash flow available to pay current debt obligations. There are other instances when notes payable or a promissory note can be issued, depending on the type of business you ... Read more
Accrued interest is the accumulated interest that has been recognized and recorded but has not been paid as of a specific date. The main variables that affect the calculation are the period between interest payments and the day count convention used ... Read more
Some of the tools for evaluating alternatives (e.g. partial budgets, cash flow budgets and financial statements), are covered in this text. Summarizes many cash activities and the related financial statement accounts used to analyze each listed activ... Read more
As consumers, we know insurance is not the most exciting product to buy and we don't always give it the thought it deserves. Expense-consciousness, whether coming from our own pockets or our businesses, can blind us from looking beyond the cheapest p... Read more
Managing working capital with accounting software is important for your company’s health. Positive working capital means you have enough liquid assets to invest in growth while meeting short-term obligations, like paying suppliers and making in... Read more
Your company reports the expense of $10,000 and denotes $12,000 as tax payable. It adds future economic value to your company, making it an asset. Deferred tax is caused by the temporary differences between book and taxable income, which are those di... Read more
In this lesson, you'll learn about the different types of bank assets and liabilities. We'll look at examples of bank assets and liabilities including a discussion of rate sensitive assets and liabilities. If the answer to any of these questions is y... Read more
