Category: Bookkeeping

The assumption of completeness is useful in many applications, notleast in economics. TheBayesian decision maker is assumed to make her choices in accordancewith a complete preference ordering over the available options.However, in many everyday cases, we do not have, and do not need,complete preferences. Consider... Continue reading

Note that you will pay credit card processing fees on all applicable transactions. While its limitations do not make it an ideal solution for every business, Wave is a particularly appealing option for freelancers who are just starting out. In addition, Wave’s mobile app lets... Continue reading

If variable expenses were $250,000, so you’d have $385 in variable expenses per unit (variable expenses÷units sold). Contribution margin and regular income statements can be very detailed, requiring an in-depth understanding of the business’s inner workings. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) measures... Continue reading

Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. Stock turn ratio can help you investigate your investment in spare parts and... Continue reading