Accounting and Taxes Calculators: (12) lessons

Accounting Formulas
Shows various accounting formulas

Balance Sheet
Given various asset and liability entries, this determines various calculations that can be made from the balance sheet.

Chain Discounts and Net Cost Price and Net Cost Equivalent
Given a chain discount and an original price, this calculates the total discount and net cost price.

Cost Recovery Method
Given a sales price, cost, and set of payments, this determines the gross profit per year based on the cost recovery method.

Earnings Before Interest and Taxes (EBIT) and Net Income
Given inputs of sales, fixed costs, variable costs, depreciation, and taxes, this will determine EBIT and Net Income and Profit Margin
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High-Low Method
Calculates Variable Cost per Unit, Total Fixed Cost, and Cost Volume using the High-Low Method
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Installment Sales Method of Accounting
Given a sales price, cost amount, installment payment amount and term, this will show the accounting for the Installment Payment method.
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Inventory Method
Takes accounting entries using the FIFO (first in first out) and LIFO (last in first out) inventory methods.

Inventory Turnover and Average Inventory
Calculates inventory turnover ratio and average inventory
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Percentage of Completion
Given a sales price, total costs, and costs per period, this determines the gross profit to date using the percentage of completion method.

Receivables Ratios
Given Net Sales, Beginning Accounts Receivable, and Ending Accounts Receivable, this determines Average Accounts Receivable, Receivables turnover ratio, and Average Collection Period.

Vendor Discount Effective Rate of Interest
Calculates the effective rate of interest earned from a vendor discount for a prepayment of a balance within a certain amount of days for a percentage discount
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