Category: Bookkeeping

Weighted Average Contribution Margin: Definition, Formula, Calculation, Example, Ratio

By understanding WACM, businesses can better assess their profitability and make decisions about pricing, product mix, and other factors that affect their bottom line. To apply the WACM to the breakeven analysis, you need to need know fixed expenses for the…

Explore more

Retained Earnings Formula + Calculator

This can be found in the balance of the previous year, under the shareholder’s equity section on the liability side. Since in our example, December 2019 is the current year for which retained earnings need to be calculated, December 2018 would…

Explore more

What is Accrued Payroll? Calculate & Record

It’s smart to keep a close eye on the payroll expenses  that have accrued over a pay period, even if the checks haven’t gone out yet. That way, no matter when in the month it is, you know where your payroll situation…

Explore more