www.knc-marine.com

Marginal cost is calculated by dividing the change in total cost by the change in quantity produced. The final step is to use the data from the ABC technique to take actions to minimize costs and maximize profits. For example, a free note payable company might decide to streamline a high-cost activity, eliminate inefficiencies or adjust prices to reflect the true cost of production. Thus, the cost...

An allowance for doubtful accounts is a contra-asset account which means that it is listed as an asset but has a credit balance rather than a debit balance. It is deducted from the total accounts receivable on the balance sheet to show a more realistic picture of expected collectible amounts. Allowance for doubtful accounts is a contra-asset account used to estimate the portion of accounts receiva...

Sensitivity analysis is a useful tool for cost-volume-profit analysis and profitability analysis. It can help us to understand the relationship between costs, revenues, and profits and to evaluate the impact of different factors on the outcome of a decision or a project. It can also help us to identify the most critical factors that influence the profitability and the risk of a business. By perfor...

They can also use the platform to update their contact and banking information. From there, I could either send expense definition the employee an invite to input their own information (which I could then review for accuracy and approve) or manually enter the data myself. Paychex Flex is made specifically for small businesses that need a quick and simple payroll system. It’s stripped down for busi...

Any increase or decrease in assets must correspond with an equal change in either liabilities or equity. For example, if a company acquires a new asset by taking out a loan, its liabilities increase by the same amount as its assets. Therefore, grappling with this equation provides a solid foundation for analyzing financial performance and understanding how different transactions impact an organiza...