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Bookkeeping

Best Accounting and Bookkeeping Degree Colleges in Las Vegas 2024

He listed among his assets potential legal actions against two resorts, the Cosmopolitan and Aria, that had cleaned him out. Instead, Aria sued him, seeking $250,000 for an allegedly bounced check, records show. In addition to the confusion of the conflicting stories, next to nothing has been reported about Bowyer except that he was a suspected bookie under federal investigation. New Mexico Highlands University offers 2 Accounting and Bookkeeping degree programs. Founded in 2009 by Judy Burr, Account On Me has been providing affordable accounting services in the Las Vegas area. They do accounting, startup advice, bookkeeping, and tax preparation,… Read More

7 4 Prepare a Subsidiary Ledger Principles of Accounting, Volume 1: Financial Accounting

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. Researching with Subsidiary Ledgers The use of accounting software can simplify the process of maintaining multiple subledger accounts, eliminating the need to record multiple transactions manually.Though keeping an accounts receivable subsidiary ledger in addition… Read More

What is the purpose of subsidiary ledgers?

The usefulness of the accounts receivable subsidiary ledger lies in the fact that it can show, at a glance, the account status and amounts owed by a specific customer. For example, the general balance may show a total accounts receivable balance of $100,000, but it will not show which customer owes how much. This information can be gleaned from the accounts receivable subsidiary ledger. The ledger will show, for example, that Customer A owes $15,000, Customer B owes $25,000, Customer C owes $5,000, and so on. The accounts receivable subsidiary ledger shows all the sales made on credit by a… Read More

Return on Assets ROA Ratio : Formula and “Good” ROA Defined

The ROA figure gives investors an idea of how effective the company is in converting the money it invests into net income. The higher the ROA number, the better because the company can earn more money with a smaller investment. ROA for public companies can vary substantially and are highly dependent on the industry in which they function. The ROA for a tech company won’t necessarily correspond to that of a food and beverage company. It’s best to compare a company’s ROA against its previous ROA numbers or a similar company’s ROA when using it as a comparative measure. Both… Read More

Return on Assets ROA Ratio Definition, Formula, and Example

This ratio can also be represented as a product of the profit margin and the total asset turnover. A typical ROA will vary depending on the size and industry that a company operates in. Be careful when comparing the ROAs of two companies in different industries. As a general rule, a return on assets under 5% is considered an asset-intensive business, while a return on assets above 20% is considered an asset-light business. The first company earns a return on assets of 10% and the second one earns an ROA of 67%. The Formula for Return on Total Assets – ROTA Is Imagine… Read More

Return on Assets ROA Ratio : Formula and “Good” ROA Defined

The ROA figure gives investors an idea of how effective the company is in converting the money it invests into net income. The higher the ROA number, the better because the company can earn more money with a smaller investment. ROA for public companies can vary substantially and are highly dependent on the industry in which they function. The ROA for a tech company won’t necessarily correspond to that of a food and beverage company. It’s best to compare a company’s ROA against its previous ROA numbers or a similar company’s ROA when using it as a comparative measure. Both… Read More

Return on Assets ROA Ratio Definition, Formula, and Example

This ratio can also be represented as a product of the profit margin and the total asset turnover. A typical ROA will vary depending on the size and industry that a company operates in. Be careful when comparing the ROAs of two companies in different industries. As a general rule, a return on assets under 5% is considered an asset-intensive business, while a return on assets above 20% is considered an asset-light business. The first company earns a return on assets of 10% and the second one earns an ROA of 67%. The Formula for Return on Total Assets – ROTA Is Imagine… Read More

Profitability Index Calculator Investment to Profit

The amount of the profitability index obtained cannot be negative but must be converted into positive figures to be useful. Amounts greater than 1 show that future expected cash inflows are higher than expected. Amounts less than one indicates that the project should not be accepted, while a situation where the amount obtained is equal to 1 lead to minimal losses or gains from the project. Amounts greater than 1 are positioned based on the most significant amount realized. If the initial capital is limited, a project with a higher profitability index is accepted because it has the most productive… Read More

Profitability Index Calculator

The index can be used alongside other metrics to determine the best investment. The profitability index helps rank projects because it lets investors quantify the value created per each investment unit. Mathematically, a value lower than one means the project’s present value (PV) is less than the initial investment. The next step is to calculate the present value of future flows by calculating the discounted cash flow for each year. Because profitability index calculations cannot be negative, they must be converted to positive figures. Calculations greater than 1.0 indicate the future anticipated discounted cash inflows are greater than the anticipated… Read More

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