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- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/07%3A_Budgeting/7.11%3A_Capital_Expenditure_BudgetA capital expenditure budget is a list of fixed assets that a company plans to acquire over a future period of time. These assets may be purchased to replace existing assets that are aging or outdated...A capital expenditure budget is a list of fixed assets that a company plans to acquire over a future period of time. These assets may be purchased to replace existing assets that are aging or outdated, or they may be additionalresources necessary to meet growing demand. Keep in mind that they are projections of what will take place in the future rather than reports of past performance.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/04%3A_Activity-Based_Costing/4.05%3A_Differences_based_on_factory_overhead_methodAlthough the total factory overhead applied, $54,600, is the same for all three methods, how it is allocated between the two jobs varies by method, as follows: The results of the other two methods in ...Although the total factory overhead applied, $54,600, is the same for all three methods, how it is allocated between the two jobs varies by method, as follows: The results of the other two methods in the sample problem would overstate the amount of factory overhead that is applied to Job 1 and understate the amount for Job 2.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/03%3A_Process_CostingThumbnail: Image by Pexels from Pixabay
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Financial_Accounting_(Jonick)/00%3A_Front_Matter/01%3A_TitlePageBook: Principles of Financial Accounting 2 (Jonick)
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Financial_Accounting_(Jonick)/07%3A_Capstone_Experiences/7.01%3A_Financial_StatementsThe income statement shows the profitability of a business by presenting its revenue and expenses for a period of time and summarizes its profitability in one final result: net income. The retained ea...The income statement shows the profitability of a business by presenting its revenue and expenses for a period of time and summarizes its profitability in one final result: net income. The retained earnings statement reports all of the profit that a business has accumulated since it began operations. The balance sheet is a comprehensive summary report that lists a business’s assets, liabilities, owner investments, and accumulated profit.Examples appear below.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Financial_Accounting_(Jonick)/00%3A_Front_Matter/02%3A_InfoPageThe LibreTexts libraries are Powered by MindTouch ® and are supported by the Department of Education Open Textbook Pilot Project, the UC Davis Office of the Provost, the UC Davis Library, the Californ...The LibreTexts libraries are Powered by MindTouch ® and are supported by the Department of Education Open Textbook Pilot Project, the UC Davis Office of the Provost, the UC Davis Library, the California State University Affordable Learning Solutions Program, and Merlot.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Financial_Accounting_(Jonick)/04%3A_Assets_in_More_Detail/4.03%3A_Note_ReceivableA note receivable is a loan contract that specifies the principal (amount of the loan), the interest rate stated as an annual percentage, and the terms stated in number of days or months. Since the no...A note receivable is a loan contract that specifies the principal (amount of the loan), the interest rate stated as an annual percentage, and the terms stated in number of days or months. Since the note is void but the customer did not pay or make arrangements for a new note, the only account remaining to record what is owed is Accounts Receivable.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Financial_Accounting_(Jonick)/03%3A_Accounting_Cycle_for_a_Merchandising_BusinessThumbnail: www.pexels.com/photo/working-macbook-computer-keyboard-34577/
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/05%3A_Cost_Volume_Profit_Analysis/5.05%3A_Margin_of_safetyThe margin of safety looks at how far above the breakeven point a company’s sales are. The greater the difference, the more secure a company can feel about hedging against possible declines in sales. ...The margin of safety looks at how far above the breakeven point a company’s sales are. The greater the difference, the more secure a company can feel about hedging against possible declines in sales. The margin of safety can be expressed as a dollar amount, a percentage, or a number of units. The margin of safety is 70%, which gives the company a significant cushion over its breakeven point. The higher the margin of safety, and the more it exceeds the breakeven point, the better.
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/zz%3A_Back_Matter
- https://biz.libretexts.org/Bookshelves/Accounting/Principles_of_Managerial_Accounting_(Jonick)/05%3A_Cost_Volume_Profit_Analysis/5.04%3A_Operating_leverageOperating leverage results are used to determine the effect on a change in sales on operating income. The percent increase (decrease) in sales is multiplied by the operating leverage to find the perce...Operating leverage results are used to determine the effect on a change in sales on operating income. The percent increase (decrease) in sales is multiplied by the operating leverage to find the percent increase (decrease) in operating income. The higher the operating leverage, the more impact a change in sales will have on operating income. An increase of 20%, or $100,000, to $600,000 in sales would affect each of the two companies’ operating income as follows.
