-
Inventory Accounting: Key Terms & Valuation Methods For Retail
Content It’s not suited to variable markups Retail Inventory System Last In First Out (LIFO) Accounting For Retail Business Comparing the WAC Method under the Periodic and Perpetual Inventory Systems FIFO, LIFO, and WAC Example Beginning Work-in-Process Inventory The weighted average method should be used when all of your products are so identical to each other that the cost differential is negligible. Every time the gas station restocks the... -
Current Assets Formula: How to Calculate With Examples
Content What Are 3 Types of Current Assets? Small Business 101: How to Calculate Total Current Assets Current Assets Formula Example What is the Formula for the Current Asset Ratio You should categorize these costs as prepaid expenses on the current assets section of your balance sheet. There may be a subtotal on the balance sheet for all current assets. Here is a 4-step plan for how to calculate... -
Accounts Receivable Factoring: How It Works, How Much It Costs
Content How Much Are Your Accounts Receivable Costing You? Finding the Best Accounts Receivable Factoring Company Process Accounts Receivable Factoring: How It Works, How Much It Costs What is a Factor Broker Methods of Accounts Receivable Financing Discount rate or factoring fee The factor guarantees the customer credit, or provides credit insurance. The business does not have to repay the factor if its customers do not pay the invoices...