Maybe some of your inventory takes a long time to sell because it’s not as appealing to customers as you thought. If this is the
A stretch budget is a budget based on sales and marketing forecasts higher than estimates. Once prepared and approved, the budgeted amounts are used as
Also, merchandise inventory is classified on the balance sheet as a current asset. The owner/officer debt section simply includes the loans from the shareholders, partners,
It means that if the company pays back the debt of $50,000, it will have $80,000 remaining, which translates into a profit of $30,000. Similarly,
The useful life of that car is also one year less than it was at the time of purchase. When discussing depreciation, two more accounting