Elasticity Overview, Examples and Factors, Calculation

From a pricing formulation perspective, elastic demand is of great concern. Price elasticity is particularly common when the products of competing companies are not well differentiated, or where substitute products are readily accessible. The income elasticity of demand is defined as the measure of the percentage change of the quantity demanded of a good in … Leer más

What is a credit note? And when to use one

This document serves as evidence that the customer is entitled to a credit or refund for the amount in question. For businesses, credit memos assist when balancing accounting records, and with other general bookkeeping tasks. A credit memo, sometimes referred to as a credit note or credit invoice, is another type of accounting document that … Leer más

Average Salary By State In 2023

If population increased too rapidly in relation to food and other necessities (as outlined by Malthus), wages would be driven to the subsistence level. It followed that legislation designed to raise wages would not be successful, for, with only a fixed fund to draw upon, higher wages for some workers could be won only at … Leer más

Bad Debt Expense Definition, Reporting Methods

When you sell a service or product, you expect your customers to fulfill their payment, even if it is a little past the invoice deadline. Regularly review and update your estimation percentages to ensure they remain reliable in changing economic and market conditions. Economic conditions, changes in industry trends, and specific customer circumstances should be … Leer más

What Is The Maximum Social Security Tax For 2021?

It was $1,628.17 per month in September 2022, according to the most recent data available from the SSA. If you are working, there is a limit on the amount of your earnings that is taxed by Social Security. This amount is known as the “maximum taxable earnings” and changes each year. The larger amount is … Leer más

Bookkeeping for Nonprofits: A Basic Guide & Best Practices

We are located in the beautiful city of Fresno, California but we work with small businesses across the United States by utilizing the latest in cloud technology. We are extremely passionate about providing business owners with the financial information they need to grow their businesses. We specialize in QuickBooks Online, we find that it’s functionality, … Leer más