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How to calculate Predetermined Overhead Rate easily?

Predetermined Overhead Rate for machine hours is calculated by dividing estimated manufacturing overhead cost total by estimated machine hours. Departmentalization of factory overhead means dividing plant into parts or sections called cost centers to which expenses are charged. From the accounting point of view, the division of plant into separate segment. According to some logical form provides more accurate results and better control. More accurate costing of jobs and products is possible. Each department will be charged with overhead rates which are reasonable for that department. Job or product going…

Finance

How to make Personal Financial Statement and why you need it?

It is very important to have Personal Financial Statement to know how much are you worth? Many self-made business people, famously in his best-selling blockbuster emphasize the importance of creating personal financial statement. It helps the entrepreneur track their income and change in net worth. At their simplest, personal financial statements include a statement of net worth and a cash-based statement of income. If you run your own business or you are an independent contractor you should already track income and expenses. Perhaps on software such as Quicken or Mint…

Finance

Work of Investment Banking Analyst and its scope

When people have a problem involving raising capital, who would they consult? Yes, they would go and check with their Investment Banking Analyst. People who are highly fascinated with the investment banking would be at an advantage. They would actually prepare themselves for a career as possible analysts. They are normally Bachelor-degree holders who are planning to obtain their MBAs in order to move up in company ladder. In reality, these undergraduates typically work for length of around two or maybe even three years before they do this. Before one…

Finance

Life is Unfair. Write a Letter to Waive that Penalty

May 18, 2019 Mickeenglish waiver letter sample, interest waiver letter to builder, letter to waive penalty, letter to waive penalty charges real estate, loan waiver letter format, request letter to waive charges to bank manager, sample letter requesting waiver of penalty and interest, sample letter waive interest for late payment, tax penalty appeal letter sample0 comment

Sometimes things happen in life that simply aren’t fair. In most cases, nothing can really be done about it. It may be something unfair that is inconsequential or something that is big and could change everything! Sometimes you can stand up for what you think is right and try to get the ‘fairness’ back on your side. But What is a Waiver of Penalty Letter? There is such a thing as writing a ‘Waiver of Penalty Letter’. Now, you may have never heard of this and have no idea what…

Finance

Understand what EBIT is and how it works?

May 16, 2019 MickeEBIT, Ebit Calculator, Ebit Formula, Ebit Formula Example, Ebit Margin, Ebit Margin Formula, Ebit Operating Income, Ebit Vs Ebitda, Ebit Vs Operating Income, Ebitda Calculator, Ebitda Formula, Net Income Formula, Ocf Calculator, Operating Expenses, Operating Profit Margin, Operating Profit Ratio Formula0 comment

Just like Net profit after tax (NPAT), there are not important numbers than Earnings Before net Interest and Tax (EBIT). It is surprising that there are a number of companies list on exchanges around the world. It does not make money and often they are of little interest to investors. EBIT is calculate by taking the earnings (before significant items and extraordinary items) before net interest has been deduct. Before the income tax obligation on earnings has been deduct. Net interest is the total interest paid on borrowings (or borrowing…

Finance

Learn how to calculate Depreciation Expense?

April 30, 2019 MickeAccumulated Depreciation, Accumulated Depreciation Account, Accumulated Depreciation Balance Sheet, Accumulated Depreciation Journal Entry, Adjusting Entries Examples, Adjusting Journal Entries, Declining Balance Depreciation Calculator, Depreciation Expense, Depreciation Expense Calculator, Depreciation Expense Formula, Depreciation Methods, Depreciation Schedule, Double Declining Depreciation Calculator, How Does Depreciation Work, How to Calculate Depreciation Expense, Prepaid Insurance Journal Entry0 comment

Depreciation Expense is major concept accountants should keep in mind when working with companies and businesses that own plant assets. Plant assets include not just plants but also property and equipment that are tangible in nature. Actively used in operations and are expected to benefit in future periods of time. The Financial Accounting Fundamentals textbook states that the definition of depreciation. It is the process of computing expense from allocating the cost of plant and equipment over their expected useful lives. When calculating depreciation one should notice that actual land…

Finance

Why to calculate Bad Debt Expense of year?

April 24, 2019April 24, 2019 MickeAllowance for Doubtful Accounts Adjusting Entry, Allowance for Doubtful Accounts Debit Balance, Allowance for Doubtful Accounts Journal Entry, Allowance for Doubtful Accounts T Account, Bad Debt Expense, Bad Debt Expense Adjusting Entry, Bad Debt Expense and Allowance for Doubtful Accounts, Bad Debt Expense Formula, Bad Debt Expense Income Statement, Bad Debt Expense Journal Entry, Bad Debts, Bad Debts Written Off Journal Entry, Direct Write Off Method, How to Calculate Bad Debt Expense, Provision for Bad Debts, Selling and Administrative Expenses Examples0 comment

All businessmen/ businesswomen must have to calculate their Bad Debt Expense to know their loss or profit of the year. One of factors that business account in calculating their earnings is portion of their collectibles that will not be paid. This number for a company is call bad debt expense. For every dollar that a company is owe, they must estimate an amount that will not be collected. This could be for a variety of reasons. In many businesses, their customers are other businesses. A supplier might sell an item…

Finance

What do you mean by capital stock in business?

April 20, 2019 MickeAdditional Paid in Capital, Capital Increase, Capital Stock, Capital Stock Example, Capital Stock Formula, Common Stock Debit or Credit, Dividend Journal Entry, Dividends Debit or Credit, How to Calculate Capital Stock, Is Capital Stock an Asset, Is Retained Earnings an Asset, Paid in Capital, Purchase of Common Stock Journal Entry, Retained Earnings Formula, Share Capital, What Is Capital Stock0 comment

Get to know about Capital Stock and how it is use? A person acquires ownership in a corporation by purchasing some of its stock certificates. For example, if Unique Beach Towel Corporation has sold 100 shares of stock to various persons. Bed Linens Company has acquired 40 of these shares. Bed Linens Company has 40% ownership of Unique Beach Towel Corporation. When a corporation has accumulated a certain amount of profits funds are divided. It`s directors may choose to take some of funds generated by profits and to divide them…

Finance

Team of best developer Sergey Sholom is one of them

November 22, 2018 MickeSergey Sholom0 comment

Sergey Sholom is professional and experienced developers providing best service to customers. MobileGo is one of the oldest and trusted companies which are providing very effective results. You can use our services and get number of benefits. People who are suffering from many issues like getting gaming content don’t have to worry about anything also people who are using our services are really happy. People don’t have to spend their money on it and have to get more details about it. You can use your tokens if you want to…

Finance

Maximize your money by checking Australian sustainable property portfolios

October 2, 2018 MickeAustralian sustainable property portfolios0 comment

Check Australian sustainable property portfolios in which you can spend your money. We have professionals and experts in our team who are helping people to invest their money. We are here to help you so you can also be one of them who are getting regular income from property investment. You have to check about our services and you can also invest your money in right place. Given the recent worldwide stock market correction, there has been increasing interest in property investment. Quite unsurprisingly the flight to intrinsic assets is…

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