The percentage of your margin of safety is found by comparing your current sales to your breakeven point. The margin of safety is the difference between a business’s actual sales and its breakeven point. Taking…

Examples of current liabilities include accounts payable, short-term debt payments, or the current portion of deferred revenue. It’s a commonly used measurement to gauge the short-term health of an organization. Working capital management aims at…

The Indirect Costs are the costs that cannot be directly linked to the production. Indirect materials and indirect labor costs that cannot be directly allocated to your products are examples of indirect costs. Furthermore, per…

Fundamentally, these funds are a part of the finance that companies generate through equity. On the other hand, equity finance generates from the company’s shareholders. A capital surplus is also called additional paid-in capital or…

The statement of comprehensive income displays both net income details and other comprehensive income details. It is appreciated for its more comprehensive view of a company’s profitability picture for a particular period. However, since it…

A General Ledger is a Ledger that contains all the ledger accounts other than sales and purchases accounts. Therefore, you need to prepare various sub-ledgers providing purchases ledger the requisite details to prepare a single…

The next journal entry above shows you how to expense the machinery purchased over its useful life, which is seven years. This journal entry would be recorded each month while the machinery is still being…

Besides a fixed monthly cost, online payroll services often charge per transaction or employee payment. This implies that the larger the number of employees, the greater the transaction fee. If you are planning to expand…

Longitudinal studies and cross-sectional studies are two different types of research design. In a cross-sectional study you collect data from a population at a specific point in time; in a longitudinal study you repeatedly collect…

Yes, you can create a stratified sample using multiple characteristics, but you must ensure that every participant in your study belongs to one and only one subgroup. In this case, you multiply the numbers of…