For example, the payback period method’s decision rule is that you accept the project if it pays back its initial investment within a given period of time. The same decision rule holds true for the discounted payback period method. But each project varies in the size and number of cash flows generated. Both projects have […]
Monthly Archives: August 2021
Content Example Transactions With Debits and Credits Normal Balance of an Account What’s the difference between a debit and a credit? Accounts pertaining to the five accounting elements This will help ensure that all of your general ledger account balances are correct, and allow you to generate accurate financial statements that give you insight into […]
Content What is inventory value? Ending Inventory Defined: Formula & Free Calculator LIFO method (last in, first out) How to calculate ending inventory Match inventory recorded with actual inventory Free Financial Statements Cheat Sheet How to Find Ending Inventory Using LIFO This is most often used for high priced inventory – think car sales for […]