Finance | Senioritis

Adam Park
June 21, 2023
Finance

The Role of CMS in Sales: A Comprehensive Guide and Features to Look For

Sales – CMS Gross profit Sales and CMS are two distinct concepts, but they can be related to each other in certain ways. Here are detailed answers...

Adam Park
June 21, 2023
Finance

Understanding the Differences in Journalizing Credit Sales and Cash Sales for Accurate Financial Reporting

Sales through credit cards and debit cards are journalized in the same way as sales on account False Sales through credit cards and debit cards are not...

Adam Park
June 21, 2023
Finance

Margining: Understanding Collateralization of Securities as a Risky yet Rewarding Strategy for Securities Trading

Sam purchased 500 shares of Microsoft stock which he has pledged to his broker as collateral for the loan in his margin account. This process of pledging...

Adam Park
June 21, 2023
Finance

Mastering the Art of Saving Money: Essential Tips for Financial Stability and Long-Term Success

savings money not spent; money put aside for future use Savings refers to the money that individuals or households set aside from their earnings or income to...

Adam Park
June 21, 2023
Finance

Maximizing Accuracy: The Benefits of Using the Specific Identification Method for Inventory Tracking in Social Sciences

specific identification method An actual physical-flow costing method in which particular items sold and items still in inventory are specifically costed to arrive at cost of goods...

Adam Park
June 21, 2023
Finance

Understanding the Importance of the Statement of Cash Flows in Assessing a Company’s Financial Health.

Statement of Cash Flows provides financial information about the cash receipts and cash payments of a business for a specific period of time The statement of cash...

Adam Park
June 21, 2023
Finance

Analyze Company Profits and Dividends with Statement of Retained Earnings – A Guide for Investors and Analysts

Statement of Retained Earnings Beginning Retained Earnings + Net Income – Dividends = Ending Retained Earnings The statement of retained earnings is a financial statement that shows...

Adam Park
June 21, 2023
Finance

Mastering the Critical Process of Capital Budgeting for Long-term Business Growth: Steps Involved for Effective Investment Allocation

Steps of capital budgeting: 1. Develop strategies (long-term goals)2. Plan3. Act (acquire & use approved capital investments)4. Control (perform post-audits, during & at the end of the...