by whiteboard123 | Mar 25, 2024 | Bookkeeping
In other countries, the listed prices are the final after-tax values, which include the sales tax. Whether a business owes sales taxes to a particular government depends on the way that government defines a nexus. Florida, for example, has a a $100,000 economic nexus...
by whiteboard123 | Oct 13, 2023 | Bookkeeping
Alternatively, if most sales are handed off to outside salespeople, commissions may be the largest component of selling expense. Such materials are called indirect materials and are accounted for as manufacturing overhead. Manufacturing overhead costs include indirect...
by whiteboard123 | Oct 10, 2023 | Bookkeeping
The total of the receipts and remaining cash should equal the initial amount of petty cash funding at all times. However, recordation errors and theft may result in a variance from the initial funding amount. To set up a petty cash fund, the cashier creates a check in...
by whiteboard123 | Feb 9, 2023 | Bookkeeping
And if the activity level is zero, the total costs will just be equal to the total fixed costs. In the sample data above, the number of client calls refers to the activity level. The activity level can pertain to any measurable business activity, such as documents...
by whiteboard123 | Feb 2, 2023 | Bookkeeping
For instance, one point will represent 21,000 hours and $84,000 in costs. The next point on the graph will represent 23,000 hours and $90,000 in costs, and so forth, until all of the pairs of data have been plotted. Finally, a trend line is added to the chart in order...
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