Of that, the interest will be $1,000, which works out at $250 per year. The table below shows how the interest would accrue over each of the four years. This calculator can be used to solve various types of simple interest problems. Whether saving... Read more
If the interest is paid in smaller time increments, the APR will be divided up. The units of measurement (years, months, etc.) for the time should match the time period for the interest rate. For example, bonds are essentially a loan made to the bon... Read more
This proactive approach to customer service is a critical component of a business’s customer retention strategy. The departments are categorized as either operating departments or service departments. The operating departments carry out the ce... Read more
Using the direct method, actual cash inflows and outflows are known amounts. The cash flow statement is reported in a straightforward manner, using cash payments and receipts. The statement of cash flows is one of the most important financial report... Read more
The scattergraph method is not an overly precise approach for determining cost levels since it does not include the impact of step costing points, where costs change dramatically at certain activity levels. The method is also not useful when there i... Read more
The planned sales mix is 20,000 units of very-low-profit models + 50,000 units of medium-profit models + 30,000 units of very-high-profit models. With this volume and sales mix the company is planning to have a small operating loss. This is why pro... Read more
When purchasing a tasty glazed donut nowadays, it’s a simple matter of tapping or swiping your card at the point of sale and waltzing out of the store. After all, people might judge you for your Krispy Kreme habit, but they won’t care ab... Read more
After registering, you will receive a Sales and Use Tax Permit that should be displayed conspicuously for your customers to see. Business owners should thoroughly research the requirements for registering in any state where they do business before c... Read more
On the financial statements, sales returns and allowances are disclosed and tracked by management. They are subtracted from gross sales to get net sales on the income statement. Our writing and editorial staff are a team of experts holding advanced... Read more
Contact your state’s housing bureau to see if your state has such a law. If it does, and your landlord is not following it, ask for a copy of the statute and forward it to your landlord. If your state doesn’t mandate rent receipts, creat... Read more
