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Lauren McKinley is a financial professional with five years of experience in credit analysis, commercial loan administration, and banking operations. She has worked at regional lending institutions across the Northeast, evaluating risk, analyzing financials, and managing loan processes. Specializing in commercial real estate and small business financing, Lauren has helped diverse borrowers navigat...

However, many consignment shops are willing to negotiate, particularly for larger-ticket items, such as artwork, that offer greater revenue potential. Depending on the consignment shop and the item being sold, the seller single entry bookkeeping may concede 25% to 60% of the sales price in consignment fees. Another disadvantage of the consignment model is that sellers can lose control over how the...

These reforms included converting three individual income tax brackets into one and moving from a top marginal rate of 4.25 percent to a single rate of 3 percent. The standard deduction will be adjusted annually for inflation beginning in 2026. Oregon’s tax system, including property tax, is a vital retained earnings component of the state’s infrastructure, funding essential public services and en...

As the name suggests, period costs are those costs which are incurred due to the passage of time. They don’t form part of the cost of inventory and thus are expensed to the profit and loss account as and when they are incurred by the entity. Such a treatment of period costs is in accordance with the accrual concept of financial accounting. Grasping the difference between product and period costs s...