Trend analysis (in terms of percentage) is found to be more effective in comparison with the absolutes figures/data on the basis of which the management can take the decisions. As we look at the trend analysis, we can see that the company accomplished growth in sales except for the third period which shows a decrease …
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The rate depends on how much you pay employees and how much an employee receives in benefits. Although rates vary, according to the Bureau of Labor Statistics, the average fringe benefit rate (aka benefit costs) is 30%. A fringe benefit rate is the percent of an employee’s wages relative to the fringe benefits they receive. …
In the case of common stock the par value per share is usually a very small amount such as $0.10 or $0.01 and it has no connection to the market value of the share of stock. The par value is sometimes referred to as the common stock’s legal capital. When a corporation’s common or preferred …
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Per their instructions, I have sent them three vehicles that are absolutely identical to my model that are worth more than the comparable vehicles listed in the valuation report. I have also emailed the valuator asking exactly how the “Projected Sold Adjustment” on those vehicles in his report were calculated. Predictably that email has been …
Remember that landlord-tenant laws vary from state to state, so it’s important to check your local laws. Keep good records of all money collected and spent on your rental property, as this will help you in case of any disputes. In most states, landlords can collect a security deposit equal to one month’s rent. Lombardo …
You can deduct the expense in 2020 because all events have occurred to fix the liability, the amount of the liability can be determined, and economic performance occurred in 2020. Generally, a partnership, S corporation, or PSC can make a section 444 election to retain its tax year only if the deferral period of the …
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As a corporation cannot be its own shareholder, any shares purchased by the corporation are not considered assets of the corporation. Assuming the corporation plans to re‐issue the shares in the future, the shares are held in treasury and reported as a reduction in stockholders’ equity in the balance sheet. Shares of treasury stock do …
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A regular review of this report can help the company to check if the expected revenue is achieved by the company. This helps the business to rectify the issue before it becomes risky and expensive. Most of the other financial statements can be generated only on an annual basis. The Income statement will be very …
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The concept of progressive taxation is rooted in the idea of distributive justice, which holds that society has a moral obligation to distribute its resources fairly. It is designed to ensure that those who earn more pay a higher percentage of their income in taxes than those who earn less. This is based on the …
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It is possible to have certain transactions that have been recorded as paid in the internal cash register but that do not appear as paid in the bank statement. An example of such a transaction is a check that has been issued but has yet to be cleared by the bank. Therefore, the accrual-basis accounting …
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