Gain Contingency
The accounting for gain contingency is a potential or pending development thay may result in a future gain to the company. For example,...
Why Gross Margin is an important metric?
We are looking at the word gross margin. Gross margin is a company’s total revenue minus by the COGS (cost of goods sold), divide by the...
Is your business solvent?
As a business owner, one of your greatest concerns that you face is whether or not your business is going to survive. Many businesses...
Word of the Week: Explicit Cost
As a business owner, one of the easiest things to identify is explicit cost. The most common examples of explicit costs include wages,...
Word of the Week: Acid Test Ratio
Liquidity! What is it? It is the ability of current assets to meet current liability when due. How does a business owner test they...
Accounting word of the Week: Target Income Sales
Target Income Sales