Accounting

The dual aspect concept states that every business transaction requires recordation in two different accounts. This concept is the basis of double entry accounting, which…

Weighted average cost of capital (WACC) is the average after tax cost of a company’s various capital sources, including common stock, preferred stock, bonds and…

The weighted average cost of capital (WACC) is a compilation of the aggregate financing cost of a business, where each element of its financing cost…

The total cost formula is used to derive the combined variable and fixed costs of a batch of goods or services. The formula is the…

T2F is a university café owned an operated by a student. While it has plans for expansion it currently offers two products: (a) tea &…

Cost allocation (also called cost assignment) is the process of finding cost of different cost objects such as a project, a department, a branch, a…

Degree of operating leverage is a measure of the extent of operating leverage i.e. the relationship between operating income and sales of a business. If…

Definition Degree Of Operating Leverage (DOL) is type of leverage ratio summarizing the effect a particular amount of operating leverage has on a company’s earnings before…

Sales revenue is the amount realized by a business from the sale of goods or services. This figure is used to define the size of…

Detection risk is the possibility that an auditor will not locate a material misstatement in a client’s financial statements via audit procedures. This is particularly…