Bookkeeping

Sales Tax: Definition, How It Works, How To Calculate It

Sales tax is a consumption-based tax that is indirectly charged on the consumer at the point of final purchase of a good or service. The indirect feature of the tax means that the consumer bears the burden of the tax, however it’s collected and transferred to authorities by the seller. The most popular type of

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Issued Shares: Definition, Example, Vs Outstanding Shares

The number is used to calculate many common financial metrics, such as earnings per share (EPS) and market capitalization. In addition to listing outstanding shares or capital stock on the company’s balance sheet, publicly traded companies are obligated to report the number issued along with their outstanding shares. These figures are generally packaged within the

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How to Calculate the Break Even Point and Plot It on a Graph

The break-even analysis is important to business owners and managers in determining how many units (or revenues) are needed to cover fixed and variable expenses of the business. The higher the variable costs, the greater the total sales needed to break even. Maggie also pays $800 a month on rent, $200 in utilities, and collects

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What is an Account Definition & Meaning of Account

However, accounting plays a key role in the strategic planning, growth, and compliance requirements of a company. The Securities and Exchange Commission has an entire financial reporting manual outlining reporting requirements of public companies. Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning,

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Russia-Ukraine war live: Russia to call up tens of thousands more soldiers

Mr Curless’s complaint came to light when he emailed CornwallLive, the local newspaper, saying he had reported the pub to Camra, that its victory was “hypocrisy” and that the armband was “not a good advert for Cornwall”. Colin Curless, the sole complainant, lives 20 miles away from the pub in Truro and Mr Hall said

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