"Total investment" can mean many different things, depending on the phrase's context. The broadest definition of the phrase is the total amount of financial resources that a person or entity either has in a pro
A) What is meant by off balance sheet activities? B) Why could it be important to report them? What three financial characteristics can be monitored by analyzing your personal balance sheet? Define compensating balance. How are derivatives accounted for on the balance sheet?
In accounting, the term relevant range usually refers to a normal range of volume or normal amount of activity in which the total amount of a company’s fixed costs will not change as the volume or amount of activity changes. The term relevant range is included in the definition of fixed ...
What Is Cost of Goods Sold (COGS)? Definition & Formula Cost of goods sold (COGS) is an acronym you might see on your business’ balance sheet. Here’s what it means and the formula to calculate it.On this page What is the cost of goods sold? What is the cost of goods sold formu...
Dept #3 is an additional, optional process that uses a $10,000 machine If the manufacturer uses a plant-wide manufacturing overhead rate, it would divide its expected total manufacturing overhead for the upcoming year by the expected total machine hours for the upcoming year. Let’s assume ...
Describe the compensation system in a healthcare organization, as well as defining total compensation and the complexities that must be taken into account when developing the system. Explain what is meant by contribution analysis. C...
Not that Qvist is terribly concerned about it. “You would be surprised how little time we spend looking at competition versus what we can do on our own,” the Spotify executive says with an air of defiance. “We are a global service, by far the biggest. We are solely focused on audi...
Well, to understand this, you need to appreciate what is meant by unearned. In this situation, unearned means you have received money from a customer, but you still owe them your services. Until you “pay them back” in the form of the services owed, unearned revenue is listed as a ...
In the asset turnover ratio, what is meant by average total assets? In accounting, what are considered assets? What is a good total debt to total assets ratio? What are gross fixed assets? How do you calculate fixed assets? How do you calculate gross fixed assets?
Therefore, it may include items that are meant for sale and also those not meant for sale. The condition of the items is also significant when managing inventory. Despite the fact that we refer to any asset on the balance sheet as inventory, it is not desirable to have an excessive ...