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The right systems and processes will make sure your numbers stay organized and you don’t run into any hidden surprises come tax time. Bookkeeping is how you record financial transactions so that you can keep track of things like your income, expenses, and how profitable your business is. If you own a cleaning company, you…
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The value of current assets in the restaurant’s balance sheet is $40,000, and the current liabilities are $200,000. The Current Ratio provides valuable insights into a company’s liquidity. It’s particularly useful when assessing the short-term financial health of potential investment opportunities. This ratio, however, should not be viewed in isolation but rather as part of…
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To solve this time value of money problem, let’s take a look at the 4 variables that we know. We are given the future value FV of $10,000, the number of periods N is 10 years, and the rate I is 6.5% per year. Both the rate and the number of periods are consistent, so…
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The manipulated equation above is simply a removal of the like-variable $10,000 (the principal amount) by dividing the entire original equation by $10,000. Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. It is evident from the above that future…
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Since all transactions cannot be adequately communicated through the relatively few amounts reported on the financial statements, companies are required to have notes to the financial statements. However, the indirect method also provides a means of reconciling items on the balance sheet to the net income on the income statement. As an accountant prepares the…
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Let them know what’s changing, why you’re doing it, and — most importantly — how it will affect them. Things can change fast and pivots can happen, but you don’t want to be locked into an agreement with a provider that can’t grow with you. To make your life significantly why isn’t comprehensive income comprehensible…
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The company utilizes cloud technology to provide solutions for managing business accounts, financial documents, payroll, and tax concerns. This allows clients to access critical financial information more conveniently through a cloud platform or a mobile app. She co-authored the book “From Cubicle To Cloud,” which tackles starting and scaling a virtual professional service business. We…
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In this example, the exergonic reaction of ATP hydrolysis is coupled with the endergonic reaction of converting glucose for use in the metabolic pathway. During cellular metabolic reactions, or the synthesis and breakdown of nutrients, certain molecules must be altered slightly in their conformation to become substrates for the next step in the reaction series.…
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When the chemical bonds within ATP are broken, energy is released and can be harnessed for cellular work. The more bonds in a molecule, the more potential energy it contains. Because the bond in ATP is so easily broken and reformed, ATP is like a rechargeable battery that powers cellular process ranging from DNA replication…
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The enzyme ATP synthase produces ATP from ADP or AMP + Pi using energy produced from metabolism in the mitochondria. ATP is also found in nucleic acids in the processes of DNA replication and transcription. In a neutral solution, ATP has negatively charged groups that allow it to chelate metals. ATP is the driving force…
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