For example, if Company B has $800,000 in quick assets and current liabilities of $600,000, its quick ratio would be 1.33. The cash ratio indicates the capacity of a company to repay its short-term obligations with its cash or near-cash resources. Current assets reveal the ability of a company to pay its short-term liabilities and […]
The Cut andPolish department expects to use 25,000 machine hours, and theQuality Control department plans to utilize 50,000 hours of directlabor time for the year. Kline Company expects to incur $800,000 in overhead costs this coming year—$200,000 in the Cut and Polish department and $600,000 in the Quality Control department. The Cut and Polish department […]
With a feed set up with your business bank accounts (even including TransferWise and PayPal), all you need to do is reconcile expenses to have everything ready for tax time. In June 2020, Wave launched Wave Money as “the future of small business banking”. This will offer customers a business bank account plus debit card and mobile […]
Cash flows from financing activities are cashtransactions related to the business raising money from debt orstock, or repaying that debt. A company’s cash flow from financing activities refers to the cash inflows and outflows resulting what are financing activities in accounting from the issuance of debt, the issuance of equity, dividend payments, and the repurchase […]
Let us follow the steps in calculating a commission to answer the question. If you’re looking to increase your sales, you need to know the value of each sale. Commission rates are the amount of your profit that you get from each sale. What is a Commission Calculator? To calculate your commission accurately, you’ll need […]
Dividend stocks have been under pressure lately as investors flocked to high-growth tech companies to ride the AI bandwagon. However, amid the latest data showing signs of easing inflation, many analysts believe possible rate cuts from the Federal Reserve could reignite the market’s interest in income stocks. Now, it’s all well and good to see […]
Shoeboxed is an expense & receipt tracking app that helps you get reimbursed quickly, maximize tax deductions, and reduce the hassle of doing accounting. After careful consideration, I’ve determined that these are the most important criteria when selecting the best church bookkeeping software. Martus Solutions helps you build budget worksheets in the cloud, monitor conformance […]
If you’re self-employed and are paying out of pocket for all your business expenses, it’s important that you keep records for and deduct as many of them as possible on your taxes. If you’re self-employed, you’re not required to hire a bookkeeper or an accountant. However, hiring a professional is highly recommended when it comes […]