Bookkeeping 101

While swapping tapes is usually a short and easy job, the long term material costs associated with purchasing replacement tapes should be a consideration. Some detectors require stabilization time after maintenance before calibration can be performed…

When first presented with a label of “Re-order” it looked weird to me but my Googling left me more confused that resolved on the matter. Merriam-Webster indicates that “reorder” applies to both ordering again, and arranging in a different order….

To make up for the added expenses, they raise the price of the house. Buyers do not care about how much money you spent repairing the house or how long it took you. Make sure you price your house based on what the market says it will sell for…not how…

This situation typically arises when a company sells to a customer on account. Selling on account means that the company provides goods or services to a customer not for cash, but instead for the right to collect cash in the future. -Use the Trial Ba…

On the Rosenberg Self-Esteem Scale, people who agree that they are a person of worth should tend to agree that that they have a number of good qualities. If people’s responses to the different items are not correlated with each other, then it would n…

However, formal psychometric analysis, called item analysis, is considered the most effective way to increase reliability. This analysis consists of computation of item difficulties and item discrimination indices, the latter index involving computat…

If a client wants a price quote for a special order, management only considers the variable costs to produce the goods, specifically material and labor costs. Fixed costs, such as a factory lease or manager salaries are irrelevant, because the firm h…

It is a way in which there is a social networking embrace of a product. For example, the “Tweets” generated by a specific brand or product or being “liked” on Facebook are part of the social relevance that products are experiencing in terms of market…

RELEVANCE CONCEPT refers to the capacity of accounting information to make a difference to the external decision makers who use financial reports. The main purpose offinancial accountingis to aid external users like investors and creditors in making …

Sale value at splitoff isn’t affected by other production or costs after splitoff. A product’s sales value after separable costs have been incurred may be very different. If you spend time and money after the splitoff point, you charge a higher price…