by Cerritos Concrete | Jul 23, 2024 | Bookkeeping
An average gross profit margin is around 10%, with over 20% considered good. For example, if ABC Services has a gross profit margin of 63.26% for the month of May, it means the company was able to convert more than 63% of its revenue into profit. The gross profit...
by Cerritos Concrete | Oct 30, 2023 | Bookkeeping
If a transaction is completely omitted from the accounting books, it will not unbalance the accounting equation. This number is the sum of total earnings that were not paid to shareholders as dividends. the accounting equation may be expressed as It can...
by Cerritos Concrete | Jan 11, 2023 | Bookkeeping
As you have learned, the overhead needs to be allocated to the manufactured product in a systematic and rational manner. This allocation process depends on the use of a cost driver, which drives the production activity’s cost. Examples can include labor hours...
by Cerritos Concrete | May 18, 2021 | Bookkeeping
You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. In addition, we employ a comprehensive editorial process that...
