Our Customer Care Unit is a team of specialists with extensive knowledge of claims processing and benefit plan language to ensure a seamless customer service interaction. Disability compensation is paid to veterans disabled by an injury or illness th... Read more
Still, even with these risks, the completed contract method is the most conservative accounting method for companies working on long-term contracts. The percentage of completion formula that is used to calculate how much revenue can be recognized in ... Read more
The company either raised prices, lowered variable material costs from suppliers or found a way to produce its clothing more efficiently . ABC Clothing did a better job in Year Two of managing its markup on the clothing products it manufactured.... Read more
Nate now charges $75 an hour for his services (though most of the services he offers are charged on a monthly/flat fee rate). Just let them know that you are starting out and are looking for a gig. Once your online. Read more
If you commonly make deposits into your account, you’ll want to compare your bank account deposit totals to those listed in your general ledger. Remember, banks make mistakes, too, with transposition errors common. One of the most overlooked st... Read more
According to USA.gov, all small businesses are required to pay taxes on the property where they do business. In particular, some states collect taxes on properties in commercial real estate locations. Some states also collect taxes on vehicles, compu... Read more
Indirect labor is the cost to the company for employees who aren’t directly involved in the production of the product. For example, the salaries for security guards, janitors, machine repairmen, plant managers, supervisors, and quality inspecto... Read more
Filing your taxes late can result in a hefty fine and scrutiny from the IRS. Business owners can often put off their tax preparation too late because they are busy running their day-to-day operations. This can result in gather up receipts. Read more
She got a job at a manufacturing company called ACME Lumber Yard, where they sell timber to various real estate development firms. Her first assignment is to calculate the ending inventory for all the lumber that is in stock. Ending inventory. Read more
Thus, the accounting equation is an essential step in determining company profitability. Financial statements are prepared to know and evaluate the financial position of a business at a certain time.Therefore, the people who use the statements must b... Read more
