Inventory Turnover Rate

Manage Your Business Now that you know why you should measure stock turn let’s look at some of the ways to improve your inventory turnover ratio. If your retail store is going through its inventory 9 times a year, your purchasing what causes inventory turnover to increase levels might be too low – potentially leading […]

Can You Get Your Property Tax Bill Lowered?

For 2019, you can deduct up to $10,000 ($5,000 for married filing separately) of combined property, income, and sales taxes. If you itemize deductions, you can deduct state and local income taxes or state and local sales taxes — but not both. Your payment schedule will depend on how your county collects taxes. San Francisco […]

How To Do A Retail Inventory Buying

Both a markdown and a discount can be temporary or permanent, depending on how you market them to your customers. An example of a temporary discount Markdown cancellation would be if recent high school granduates received a percentage off all their purchases with proof of diploma witihin 30 days of graduation. Why Mark Down Prices? […]

How To Learn Ifrs

Summary Of Ias 32 International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board that is becoming the global standard for the preparation of public company financial statements. The IAS 21 prescribes how an entity should carry on foreign activities in two ways. GAAP only allows the […]

How Are Retained Earnings Different From Revenue?

What Is A Statement Of Retained Earnings? How do you calculate retained earnings on balance sheet? But, you can also record retained earnings on a separate financial statement known as the statement of retained earnings. The balance sheet is split into three parts: assets, liabilities, and owner’s equity. The assets section shows you the items […]

Which Transactions Affect Retained Earnings?

by Vicki A. Benge A balance sheet shows a financial snapshot of a business at a particular point in time. Return on investment (ROI) is a financial ratio used to calculate the benefit an investor will receive in relation to their investment cost. It is most commonly measured as net income divided by the original […]

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