Bookkeeping

Relevant range

Relevant range

A relevant cost only relates to a particular management decision and which will alter in the future as a result of that decision. Other theorists described that relevant costs are future costs that will differ among alternatives. The main intent of r...
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Inventory Basics

Inventory Basics

This gives you the ending raw materials inventory, which is the beginning inventory for the next period. Accounts payable turnover requires the value for purchases as the numerator. This is indirectly linked to the inventory account, as purchases of ...
Types of Financial Ratios

Types of Financial Ratios

Liquidity ratios measure a company's ability to pay off its short-term debts as they become due, using the company's current or quick assets. Liquidity ratios include the current ratio, quick ratio, and working capital ratio. The quick ratio is more ...
Why Programming Language R is so popular in Data Science?