Landlord Tax GuideA liability, in general, is an obligation to, or something that you owe somebody else. Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations. Liabilities are... Read more
What is the difference between the accounts rent receivable and rent revenue?What is the difference, between Rent Receivable and Rent Payable?The main purpose of a rental escrow account is to ensure the owner of the property complies with health and... Read more
How To Do Bank ReconciliationSome organizations consider the bank reconciliation to be so important that they conduct one every day, which they accomplish by accessing the latest updates to the bank's records on the bank's secure website. This is of... Read more
Points, Lines and CurvesLikewise, the distance from a point to a curve is measured by a line segment that is perpendicular to a tangent line to the curve at the nearest point on the curve. The distance from a point to a line is the distance to the ne... Read more
Who Goes to Prison for Tax Evasion?Your Nanny Gets Hurt on the JobAdditional terms and restrictions apply; See Free In-person Audit Support for complete details. Some employers choose to pay their employees in cash rather than by check or direct depo... Read more
The Effects of Accounts Receivable on a Balance SheetPart 1 of 3: Estimate Percentage Allowance for Doubtful AccountsAccounts receivable are amounts that customers owe the company for normal credit purchases. Notes receivable are amounts owed to the... Read more
Quality Synonymspremium in FinanceWhat is the meaning of premium quality?The definition of premium is something or someone of greater or superior quality. An example of premium used as an adjective is the phrase premium gasoline which means a gasolin... Read more
Why Major Companies Have 2 CEOsUnderstanding Chief Executive OfficersDirectors appoint–and can fire–upper-level managers such as the CEO and president. The chairman typically wields substantial power in setting the board’s agenda and determining the... Read more
Chief Executive OfficerCEO SalaryThe board establishes corporate management policies and decides on big-picture corporate issues. Because the board is in charge of executive functions, and the CEO is responsible for integrating company policy into da... Read more
Actual cost — AccountingToolsFor example, if Company A has $100,000 in sales and a COGS of $60,000, it means the gross profit is $40,000, or $100,000 minus $60,000. Divide gross profit by sales for the gross profit margin, which is 40%, or $40,000 di... Read more
