Bookkeeping

How to Calculate Inventory Turnover Rate: Steps & Formula

Inventory turnover is a ratio used to express how many times a company has sold or replaced its inventory in a specified period. Business owners use this information to help determine pricing details, marketing efforts and purchasing decisions. To calculate inventory turnover, simply divide your cost of goods sold (COGS) by your average inventory value. […]

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“What is Financial Reporting? Purpose, Types & Examples

The operating revenue for an auto manufacturer would be realized through the production and sale of autos. – Today, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) took action against a rental screening subsidiary of the TransUnion conglomerate for violations of the Fair Credit Reporting Act. The TransUnion company failed to take steps

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Statement, a real-time cash flow intelligence platform, raises $12M

This could include purchasing raw materials, building inventory, advertising, and shipping the product. Learn how to analyze a statement of cash flows in CFI’s Financial Analysis Fundamentals course. When CapEx increases, it generally means there is a reduction in cash flow. But that’s not always a bad thing, as it may indicate that a company is

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Method to Get Straight Line Depreciation Formula

It calculates how much a specific asset depreciates in one year, and then depreciates the asset by that amount every year after that. Depreciation does not impact cash, so the cash flow statement doesn’t include cash outflows related to depreciation. Capital expenditures are the costs incurred to repair assets and purchase assets. The total dollar

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10 Best Church Accounting Software Of 2023

Financial resources are reinvested back into the organization to support its goals, such as outreach programs, community support, and spiritual growth. This focus contrasts with for-profit entities, where the primary objective is to maximize profitability and shareholder value. These requirements determine how church finances are allocated into specific “funds” within their financial systems. That’s why

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