Category: Bookkeeping

Assume that Pemulis Basketballs sells 60 units for $15 each for total sales of $900. The variable cost of each unit is $6 (so total variable costs come to $6 x 60, or $360), and total fixed costs are $300. Using the contribution margin approach, you can find the net income in two easy steps.…

To keep track of the cash flow (movement of money), this has to be recorded in the accounting books (bookkeeping is an integral part of healthy business activity). This legal claim that the customers will pay for the product, is 27 best freelance billing specialists for hire in november 2021 called accounts receivables, and related…