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After-Tax Cost of Debt and How to Calculate It
A business needs to balance the use of debt and equity to keep the average cost of capital at its minimum. The rate of corporate tax that companies pay in the U.S. plays a major part in determining WACC because as tax rates go up, the WACC falls. Hig...
48 Unexpected Expenses that will Bust Your Budgetand how to pay for them
This type of income statement helps owners analyze different aspects of the company’s performance. These expenses are the costs a small business incurs in its primary business activities during the accounting period. They are sometimes referred to as...
Adjusting entries
What are adjusting entries? Adjusting entries are journal entries used to recognize income or expenses that occurred but are not accurately displayed in your records. You create adjusting journal entries at the end of an accounting period to balance ...