Production Costs: What They Are and How to Calculate Them
It is not the cost per unit of all units produced, but only the next one (or next few). We calculate marginal cost by taking the change in total cost …
Recording Notes Receivable Transactions
(a)”One year after date, I promise to pay…” When the maturity is expressed in years, the note matures on the same day of the same month as the date of …
A Beginner’s Guide to Horizontal Analysis
Conceptually, the premise of horizontal analysis is that tracking a company’s financial performance in real time and comparing those figures to its past performance (and that of industry peers) can …
What is posting in accounting?
These entries record the transaction’s effect on the accounting question in the accounting system. Similarly, when a payment is processed, the bank and the accounts receivable are adjusted automatically by …