Weighted Average Formula, Calculations, Examples
A weighted mean formula is usually more accurate than a simple average because, in a simple average, all the numbers in a data set are assigned an…
Category: Bookkeeping
Sales Returns and Allowances Recording Returns in Your Books
Sales return isn’t exactly an expense or a loss to the company, however, it reduces current assets (in the case of credit sales), and therefore, it indirectly…
Accounting equation Wikipedia
Poor cash flow is sometimes the result of a company’s decision to expand its business at a certain point in time, which would be a good thing…
Variable Overhead Spending Variance Formula Analysis Example
The other variance computes whether or not actual production was above or below the expected production level. As an example of an unfavorable fixed overhead spending variance,…
Sales Discounts Definition, Accounting Treatment, Sample
Thus, companies should ascertain whether or not offering sales discounts will truly benefit them in the long run. Isabella’s Educational Supply issues a $5,000 invoice to a…