What is Inventory Turnover and How Do You Calculate It?

To calculate average inventory on hand, add the value at the end of the period (such as the year) to the value at the beginning of the period, and then divide by two. Alternatively, you can average the inventory value at the end of each month of the year to get...

Wave vs Quickbooks: Which is Best for Your Business?

Wave has a generous free version with access to invoicing, expense tracking, financial reporting, customer and vendor management, tax reports and mobile app. Higher-tier QuickBooks accounting plans add even more features, such as time tracking, inventory management,...

Preferred stock definition

In accounting and finance, capital stock represents the value of a company’s shares that are held by outside investors. It is calculated by multiplying the par value of those shares by the number of shares outstanding. Authorized stock refers to the maximum...

Accounting Principles Explained: How They Work, GAAP, IFRS

With a master’s degree in accounting and as a certified public accountant, you may find you’re more qualified for leadership positions and senior-level roles. These include accounting manager, auditor, investment banker, and chief financial officer. Business today is...

How to Calculate Selling Price from Cost and Margin

A well-calculated selling price can help businesses generate sustainable revenue, attract customers, and achieve their financial goals. If you are entering a new market, you need an idea of how to price your products or services. Once you calculate this metric, your...
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