In conclusion, the total paid-in capital from our hypothetical transaction is $100k, composed of $100 in common stock (par value) and $99.9k in additional paid-in capital (APIC). The paid-in capital reflects the total capital contributions received... Read more
Given the accounts receivables turnover ratio of 4.8x, the takeaway is that your company is collecting its receivables approximately five times per year. Generally, the higher the accounts receivable turnover ratio, the more efficient a company is a... Read more
That is, the average selling price of a used version of the game is $42.87. Linear models can be used to approximate the relationship between two variables. The truth is almost always much more complex than our simple line. X- is the mean of all the... Read more
To practice as a CPA, you must hold a CPA license through your state licensing board. Certification simply means you have passed the CPA exam and qualify for the next steps in the licensing process. Licenses are issued by state accounting boards and... Read more
The challenge is that the State Boards only recognize “relevant” experience that is “properly verified.” I have a full post on the CPA experience requirements since they are a little tricky. I would like to congratulate... Read more
In other words, you multiply the shorter-term rate of return by the number of periods that make up one year. As mentioned, a monthly rate of return is often annualized to project the returns on a stock over the next 12 months. Quarterly figures are... Read more
Agenda Get Professional Help When Needed Save All Your Financial Records and Back Them Up Keep Track of Inventory Plan for Major Expenses Automate Whatever You Can Do Regular Checkups Learn to Understand Monthly Bo... Read more
OverviewAny enterprise has assets on its Balance sheet that are used for production and administrative purposes. During operation, these undergo natural wear and tear: furniture, appliances, industrial, commercial, office equipment, vehicles, and oth... Read more
OverviewIndividuals work hard to earn their money. A paycheck is a long-awaited reward for all that hard work. Many individuals are forced to live on a paycheck to paycheck basis, so it is no wonder that most employees expect employers to pay their w... Read more
DefinitionPetty cash is used in companies for small dollar item purchases that need to be paid in cash. Usually, petty cash is used for purchases such as coffee, water, and donuts for meetings, postage, office supplies, or other miscellaneous expense... Read more
