Let’s assume that Sterling sells all of the units at $80 per unit, for a total of $20,000. The profit (taxable income) is $6,900, regardless of when inventory items are considered to be sold during a particular month. In sum, using the LIFO method generally results in a higher cost of goods sold and smaller […]
If a 2-liter bottle of store-brand cola costs $1 and a 2-liter bottle of Coke costs $2, then Coca-Cola has brand equity of $1. Home equity is often an individual’s greatest source of collateral, and the owner can use it to get a home equity loan, which some call a second mortgage or a home equity […]
This accuracy can lead to more informed decision-making by stakeholders, as the financial statements provide a more realistic view of the company’s short-term financial obligations. In particular, note that the closing includes all of the new accounts like purchases, discounts, etc. It may be confusing to see Inventory being debited and credited in the closing […]
We researched reviews from real users to gauge their opinion of each platform. We wanted to get their opinion about how simple the software was to use and that, according to recent users, the companies provided satisfactory customer service. All three plans come with an optional add-on for payroll with Gusto for $40 per month […]
Having higher levels of catecholamines causes the body to excrete less fluid through urine. Having more fluids in the body directly increases blood pressure levels. A 2022 study found that people with severe hypertension who drank 2 or more cups of coffee per day had a higher risk of death from cardiovascular disease. A study […]