Business Accounting Blog

The meaning of markup is the gross or total profit on a particular commodity or service. For example, the cost of a product is Rs.100 and it is sold for Rs.150, here the markup will be 50%. Calculating the reorder point, determining the proper amount of safety stock to keep on hand, and demand forecasting … Continue reading “Markup business Wikipedia”

And these hidden costs will keep on building up on your statement unless you take the time to reduce the unnecessary ones and take back control. Calculating manufacturing overhead can help to resolve this issue and bring to light all the costs you might have lost track of – here’s how exactly you can do … Continue reading “Manufacturing Overhead: Definition, Formula and Examples”

Both frequentist and Bayesian statistical theory involve making a decision based on the expected value of the loss function; however, this quantity is defined differently under the two paradigms. For most optimization algorithms, it is desirable to have a loss function that is globally continuous and differentiable. In economics, decision-making under uncertainty is often modelled … Continue reading “Loss definition”

Nonlinear models for binary dependent variables include the probit and logit model. The multivariate probit model is a standard method of estimating a joint relationship between several binary dependent variables and some independent variables. For categorical variables with more than two values there is the multinomial logit. Linear regression is defined as an algorithm that … Continue reading “Regression Analysis Formulas, Explanation, Examples and Definitions”

Lawsuits and the threat of lawsuits are the most common contingent liabilities, but unused gift cards, product warranties, and recalls also fit into this category. Liabilities are a vital aspect of a company because they are used to finance operations and pay for large expansions. For example, in most cases, if a wine supplier sells … Continue reading “What Are Liabilities? Definition, Examples, and Types”

Please review the privacy policies and security indicators displayed on the external website before providing any personal. Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Opinions, advice, services, or other information or content expressed or contributed here by customers, … Continue reading “check-kiting Wex LII Legal Information Institute”

And, obviously, the sooner you send out invoices, the sooner you’ll get paid. Unearth any unpaid bills to ensure they get processed in the correct accounting period before you close out your year. In the meantime, you’ll need to analyze all the unreconciled expenses that have flowed through your shared account to determine which were business-related, and which ones were personal. As we get closer and closer to year-end most businesses will begin thinking about taxes. By the time ye […]

It proves that auditors perform an audit assignment based on applicable standards and as well as policy. Largely, it comes down to how manual the process has traditionally been. Working papers have usually been prepared using Word and Excel, with physical printouts organized in binders. The working papers were reviewed on paper, and if changes or revisions were required, those changes had to be input by hand and new copies printed up, collated, and (more…) […]

Most insurance underwriters have bachelor’s degrees, but it’s possible to gain a position if you have a strong background in insurance-related work and analysis. Underwriters work for insurance companies and generally work in an office setting. Industry conferences and other networking events are also great places to look for financial jobs.
Finance major jobs come with a steady paycheck and excellent career prospects. A Chief Financial Officer , for instance, makes around $158,553 […]

ScaleFactor is on a mission to remove the barriers to financial clarity that every business owner faces. A cash flow Statement contains information on how much cash a company generated and used during a given period. If debt increases without corresponding upticks in either assets or earnings, it could be a bad sign of things to come. Here, Bakery A’s solvency is above 20% which is healthy and will be looked at favorably by lenders.

Management of (more…) […]