Journal Entry for Direct Labor and Indirect Labor
Next, we must determine the total labor costs of the employees working those hours. In the auditing example, one auditor…
Sindicato dos Bancários de SP, Osasco e Região
Next, we must determine the total labor costs of the employees working those hours. In the auditing example, one auditor…
By comparison, net profit, or net income, is the profit left after all expenses and costs have been removed from…
England has undergone significant financial upheaval due to Brexit, and many citizens are concerned about the impact it could have…
Business owners often struggle to receive the money they’ve earned, but the potential tax benefit offers a silver lining. This…
By paying attention to these details, you can craft a watertight FOB agreement that protects your interests and simplifies the…
Since they use the accrual basis, the company records a $1,200 annual subscription differently. They record $100 sales revenue in…
Factoring in business allows the company to obtain cash immediately. They sell the accounts receivable to a third party who…
A contra liability is an account in which activity is recorded as a debit balance and is used to decrease…
Let’s say the same jeweler makes 10 gold rings in a month and estimates the cost of goods sold using…
In addition to adding $1,000 to your cash bucket, we would also have to increase your “bank loan” bucket by…
When, on the other hand, the marginal revenue is greater than the marginal cost, the company is not producing enough…
There are also online tools that can get you started on the basics with varying degrees of detail. Here is…
The method you choose determines how and when you record different financial transactions. Either method can work, but the nature…
If you added a payment to a deposit by mistake, you can remove that payment easily by clicking on the…
As you evaluate different outsourced CFO options, there are several things to bear in mind to ensure you make the…
If you use QuickBooks during the year, all you need to do at tax time is print your financial statements.…
Only two more steps remain in our quick exercise, starting with the calculation of the contribution margin per unit –…
Typically, more specialized expertise comes with a larger salary demand. Outsourcing provides access to a team of skilled professionals who…
The retained earnings account is reduced by the amount paid out in dividends through a debit and the dividends expense…
Debts may include notes payable, lines of salary or draw credit, and interest expense on bonds. A company’s financial health…