Some of the common contingent liabilities examples are product warranties, pending investigations, and potential lawsuits. Contingent liabilities are those that are likely to be realized if specific events occur. These liabilities are categorized as being likely to occur and estimable, likely...
The three-year median payout ratio for Cal-Maine Foods is 33%, which is moderately low. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Cal-Maine Foods is reinvesting its earnings efficiently. Second,...
Operating your accounting over the web gives you instant access to details of your finances that are key to making important decisions, essential for growing your business. Whatever your accounting infrastructure, we will review your existing portland bookkeeping books and set...
While product costs are often variable as they directly relate to the quantity of units produced, things like operational spaces and machinery maintenance can be fixed. Period costs describe a business’s additional costs incurred during a specific reporting period. While they...
Through analyzing its Open Standards Benchmarking database, APQC found that bottom performers are at a massive disadvantage on this measure, with warranty costs five times higher than top performers. If you offer a usage based warranty, meaning it is based on...
Startups can preserve control and visibility by choosing an outsourced partner who offers transparent reporting, immediate access to data, and regular communication channels for updates and cooperation. Startups that work with Outsource AR have access to our knowledge, affordable solutions, and...
Compared to traditional costing methods, the ABC system of cost accounting is much more complicated. No more general overhead costs and activities – you have to be specific. As an activity-based costing example, consider Company ABC that has a $50,000 per...
