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Top 8 accountant technology trends for small businesses

Clients expect accountants to provide automated services that meet their needs in the least time possible. They expect robust information systems, excellent communication, and an online presence just like any other business. If you are an aspiring accountant interested in learning about emerging accountant technology trends, now is a great time to begin. Machine learning...

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Vertical Analysis: Definition, How It Works, and Example

Given the consistent sales growth from year 1 to year 3, it is not surprising that salaries and the marketing expenses of the company have also risen as personnel and marketing spend generally supports sales growth. However these expenses, at the first glance, don’t seem to be significant enough to account for the large fall...

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algorithm What is the difference between FIFO Branch and Bound, LIFO Branch and Bound and LC Branch and Bound?

Do you routinely analyze your companies, but don’t look at how they account for their inventory? For many companies, inventory represents a large, if not the largest, portion of their assets. Therefore, it is important that serious investors understand how to assess the inventory line item when comparing companies across industries or in their own...

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How Prepaid Cell Phones Work HowStuffWorks

Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive...

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Appraisal vs Assessment: Whats the Difference?

You may choose to submit your appeal on your own or through an attorney. Now, the buyer will soon begin paying property taxes on their new home. If the assessment ratio in that municipality is 40%, multiply that by $325,000 to get an assessed value of $130,000. Either way, an experienced real estate agent can...

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Break-Even Analysis: How to Calculate the Break-Even Point

Now that you have seen this process, let’s look at an example of these two concepts presented together to illustrate how either method will provide the same financial results. Remember the break-even point is used as an estimate for lender viability and your business plan. It is not intended to 100% accurately determine your accounting...