by admin | May 14, 2024 | Bookkeeping
Some bookkeeping services charge a monthly fee while others charge by the hour. You can find services for as little as $20 per month while others run thousands per month. When selecting a restaurant accounting firm, you should evaluate a number of factors – technical...
by admin | Apr 1, 2024 | Bookkeeping
Thus, the contribution margin in our example is 40%, or ($10,000 – $6,000) / $10,000. A business has a negative contribution margin when variable expenses are more than net sales revenue. If the contribution margin for a product is negative, management should...
by admin | Aug 21, 2023 | Bookkeeping
As you can see in the example below, the accounts receivable balance is driven by the assumption that revenue takes approximately 10 days to be received (on average). Therefore, revenue in each period is multiplied by 10 and divided by the number of days in the period...
by admin | Aug 8, 2023 | Bookkeeping
Accordingly, you need to fill in the actual units of goods sold for a particular period in the past. However, you need to fill in the forecasted units of goods to be sold in a specific future period. In the Dobson Books Company example, the contribution margin for...
by admin | Aug 8, 2023 | Bookkeeping
A current ratio of less than 1.00 may seem alarming, although different situations can negatively affect the current ratio in a solid company. If a company has a large line of credit, it may have elected to keep no cash on hand, and simply pay for liabilities as they...
by admin | Jul 28, 2023 | Bookkeeping
Accordingly, you need to fill in the actual units of goods sold for a particular period in the past. However, you need to fill in the forecasted units of goods to be sold in a specific future period. In the Dobson Books Company example, the contribution margin for...
