The sales tax rate ranges from 0% to 16% depending on the state and the type of good or service, and all states differ in…
At the end of an accounting period, you can compare if the overhead was under- or overapplied and adjust the rate accordingly. Material costs include…
Cost of goods sold (COGS) are those costs that undoubtedly need to be made in order for a company to deliver a service or produce…
The future value calculation allows investors to predict the amount of profit that can be generated by assets. If money is placed in a savings…
A company’s management can use its net profit margin to find inefficiencies and see whether its current business model is working. Suppose we’re tasked with…
You can also consider raising your prices if you plan to increase production. It’s calculated when enough items have been produced to cover the fixed…
A bank reconciliation statement can help you identify differences between your company’s bank and book balances. As you know, the balances in asset accounts are…
The federal income tax system is progressive, so the rate of taxation increases as income increases. Our free tax calculator will help you estimate how…
Conduct market research to gather insights into customer perceptions and expectations. By aligning the pricing with the perceived value to your customers, you can maximize…
If you have defaulted on a debt, i.e., never paid it back, you are not seen as creditworthy. For the most part, debts that are…