Content Amount: How Much Petty Cash Is Allowed? Benefits of Using Petty Cash for Your Small Business How to record Petty Cash? Determine who will manage petty cash How to Record a Cash Withdrawal in Accounting As this petty cash fund is established, the account titled “Petty Cash” is created; this is an asset on the balance sheet of many […]
Content The Impact of Missing Closing Entries on Financial Statements Practice Questions: Types of Accounts Income Summary Accounts What Happens When a Business Revenue Account Is Closed? Generate a post-closing trial balance The ninth, and typically final, step of the process is to prepare a post-closing trial balance. The word “post” in this instance means “after.” You are preparing a trial […]
Content Thank you for your feedback. Do you have any thoughts you’d like to share about Annuity.org? What Is the Formula for Calculating the Present Value of an Annuity? Present Value CalculatorCalculate the PV of a future amount Running Out of Money in Retirement: What’s the Risk? Present Value of a Single Sum of Money How the Time Value of […]
Content Company Contribution Margin Example Contribution margin formula You can adjust the equation to reflect different individual components of your business, to provide an overall picture, or to be reflected as a percentage or ratio. Contribution margins represent the revenue that contributes to your profits after your company reaches its break-even point . This highlights the importance of keeping a […]
Content Accounting Topics Traditional Absorption Costing Allocation of Variable Manufacturing Overhead If you divide this by the number of units produced , the cost per unit of production would be $60. The main advantage of absorption costing is that it provides a complete picture of the actual costs of production, including all fixed and variable costs. This information can be […]
The School of Journalism and Mass Communication is hosting its annual Mass Comm Week, Oct. 3-7, 2022. This year, we have some amazing events both in person and online! Don’t miss out on the chance to look to the future and hear professionals discuss issues, trends and careers in mass media. Visit our Schedule page to learn more about each event and panel.