Bookkeeping

4 Ways to Calculate NPV

The minimum required rate of return (20% in our example) is used to discount the cash inflow to its present value and is, therefore, also known as discount rate. A discount rate, r, is applied, with...
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Bookkeeping

Inflation in Canada: annual rate slowed in September

Statistics Canada said Tuesday lower gasoline prices were the main driver of the drop in the overall inflation rate for September as drivers paid less to fill up than they did last year. Nguyen said...
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Bookkeeping

Percentage Discount Calculator

This pricing model has the same logic as cost-plus pricing but also takes into account variable costs, i.e. cost changes relative to the manufacturing volume. It might be that producing more units i...
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Bookkeeping

Fixed Annuity Calculator Estimate Future Value

The difference affects value because annuities due have a longer amount of time to earn interest. Both Fixed and Variable Annuities serve as tools to manage future financial needs, but they cater to...
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Bookkeeping

How To Calculate Labor Cost: A Step By Step Guide

As a labor cost example, if the direct labor hourly rate is $10 and it takes five hours to complete one unit, the direct labor cost per unit is $10 multiplied by five hours, or $50. It may be best t...
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Bookkeeping

Free Small Business Bookkeeping Templates

Depending on the course, an instructor could utilize just the sections of the text that pertain to the course. When teams have clarity into the work getting done, there’s no telling how much more t...
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Bookkeeping

Closing entry for net income Example

Then, inversely to revenue accounts, the expense accounts are credited to reset them with zero balance and debiting the final account. Temporary (nominal) accounts are accounts that are closed at th...
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Bookkeeping

What is an Expenditure? Definition, vs Expense

The value of this asset will be shown on the balance sheet, under non-current assets, as part of plant, property, and equipment (PP&E). The IRS treats capital expenses differently than most othe...
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Bookkeeping

Top 8 Accounts Receivable AR Software Solutions

But for smaller firms or companies with fewer receivables, it’s important to consider how much these tools could potentially improve AR workflows view a labor budget to actual report compared to the...
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