Under this formula, you can calculate simple interest taken over different frequencies, like daily or monthly. For instance, if you wanted to calculate monthly interest taken on a monthly basis, then you would input the monthly interest rate as “r” and multiply by the “n” number sole proprietor of periods. Mutual funds and exchange-traded funds[…]
Read MoreIf you want to study accounting and be a future accountant, you’ll definitely need to get a bachelor’s degree. A bachelor’s program will give you the basics of everything you need to know to get started as an accountant when you graduate from school. Companies will value your expertise even if you do not go[…]
Read MoreHowever, investments in the stock market or in other securities with a volatile rate of return can yield different results. There are many situations in which the unknown variable is the number of interest periods that the dollars must remain invested or the rate of return (interest rate) that must be earned. Essentially, these tables[…]
Read MoreNow, let’s lay the argument of in-house vs. outsourced bookkeeping squarely on what this looks like in application – with real dollars-and-cents. The QuickBooks ProAdvisor certification program is ideal for freelance bookkeepers because it allows them to get certified for free with no strings attached. In addition to getting certified through the AIPB or NACPB,[…]
Read MoreBefore joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. A simple budgeting spreadsheet works well for very small organizations,[…]
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Read MoreAt the end of the period, the balances in these accounts are transferred to the retained earnings account or another permanent account, which represents the cumulative earnings of the company since its inception. The balance in dividends, revenues and expenses would all be zero leaving only the permanent accounts for a post closing trial balance.[…]
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Read MoreContent Alcohol & the Teenage Brain: A Video Guide for Parents and Professionals Effects of Alcohol on the Teenage Brain Adverse Effects of Alcohol on Teens’ Brains Learn More About Prevention Efforts in your Community Stem cells can help build lab-grown organs that mimic real life Brain Science Made Easy In fact, research shows that kids[…]
Read MoreA higher ratio indicates a company with poor collection procedures and customers who are unable or unwilling to pay for their purchases. Companies with high days sales ratios are unable to convert sales into cash as quickly as firms with lower ratios. This formula can also be calculated by using the accounts receivable turnover ratio.[…]
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