Businesses often strive to sell goods or services that have inelastic demand; doing so means that customers will remain loyal and continue to purchase the good or service even in the face of a price increase. For instance, if the price of cigarettes goes up to $2 per pack, someone with a nicotine addiction with …
Difference Between Elastic and Inelastic Demand with Comparison Chart Read More »
Total assets is calculated as the sum of all short-term, long-term, and other assets. Total liabilities is calculated as the sum of all short-term, long-term and other liabilities. Total equity is calculated as the sum of net income, retained earnings, owner contributions, and share of stock issued. Different accounting systems and ways of dealing with …
There are both benefits and downsides to the assumption structure that pro forma is built upon. We accept payments via credit card, wire transfer, Western Union, and (when available) bank loan. Some candidates may qualify for scholarships https://quick-bookkeeping.net/ or financial aid, which will be credited against the Program Fee once eligibility is determined. We expect …
Pro Forma: What It Means and How to Create Pro Forma Financial Statements Read More »
Compare the benefits of different accounts and find the one that’s right for you. You can add, remove, or change a beneficiary at any time using the same process. The owner of the account is insured up to $250,000 National Credit Union Association (NCUA) or Federal Deposit Insurance Corp. (FDIC) for each unique beneficiary. This …
In particular, calculus is a three- or four-semester course that covers topics such as limits, derivatives and integrals. Most accounting programs do not require students to take calculus, but some do want to see that students in their program have previous experience with calculus 1. High school courses such as pre-algebra, algebra 1 and 2, …
What Types of Math Skills Will I Need for an Accounting Degree? Read More »
It can help businesses see the complete picture of their income and expenses. To illustrate the contra revenue account Sales Returns and Allowances, let’s assume that Company K sells $100,000 of merchandise on credit. It will debit Accounts Receivable for $100,000 and credit to Sales for $100,000. If a customer returns $500 of this merchandise, …
