Riley Tax Credit

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What Are Bearer Bonds and How Do They Work?

For example, an individual might transfer some of their wealth into in an attempt to avoid reporting it to the IRS. And, the inability to redeem these bonds in the United States makes the situation even messier. Especially when it comes to reporting financial activity involving bearer bonds. Bearer bonds are no longer issued … Read more

What is the High-Low Method?

While it is easy to apply, it can distort costs and yield more or less accurate results because of its reliance on two extreme values from one data set. By using the formula in computing the variable cost per unit, let’s substitute the figures we gathered from Step 1. Management accounting involves decision-making, planning, coordinating, … Read more

What is the difference between Notes Payable and Accounts Payable?

Notes payable and accounts payable are both liability accounts that deal with borrowed funds. If you’re looking for accounting software that can help you better track your business expenses and better track notes payable, be sure to check out The Ascent’s accounting software reviews. You recently applied for and obtained a loan from Northwest Bank … Read more

Bookkeeping For Construction Companies

However, many factors, including the skilled labor shortage, still threaten the industry in a highly competitive landscape. Alternatively, you can talk with other business owners and ask if they can recommend a certified accountant. You can use Botkeeper to connect your books to your bank account and simplify reporting. It can also organize and pay … Read more

2 6: Process Costing FIFO Method Business LibreTexts

First, we need to know our total costs for the period (or total costs to account for) by adding beginning work in process costs to the costs incurred or added this period. The total materials costs for the period (including any beginning inventory costs) is computed and divided by the equivalent units for materials. The total of … Read more

3 1: Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin Business LibreTexts

Look at the contribution margin on a per-product or product-line basis, and review the profitability of each product line. Selling products at the current price may no longer make sense, and if the contribution margin is very low, it may be worth discontinuing the product line altogether. This strategy can streamline operations and have a … Read more