In this way, the profitability and performance of projects can be tracked over time and improvements can be made when necessary. The ARR is the annual percentage return from an investment based on its initial outlay. The required rate of return (RRR), or the hurdle rate, is the minimum return an investor would accept for an…
Both offer similar benefits regarding membership, resources and renewable credentials. While other bookkeeping credentials do exist, those offered by AIPB and NACPB are the most renowned and respected. When students obtain one year of bookkeeping experience, they receive their Certified Public Bookkeeper (CPB) license. As the number one accounting software for businesses, using QuickBooks is…
A cash shortage normally occurs in a retail environment when the sales are reconciled to the cash receipts in the register at the end of the trading day. If the cash in the register is less than the sales there is said to be a cash shortage. Likewise, if the cash is greater than the…
Inventory includes amounts for raw materials, work-in-progress goods, and finished goods. The company uses this account when it reports sales of goods, generally under cost of goods sold in the income statement. An asset can be cash or something that has monetary value such as inventory, furniture, equipment etc. while liabilities are debts that need…