 ## Accounting and Taxes Calculators: (12) lessons

Accounting Formulas
Shows various accounting formulas
Lesson

Balance Sheet
Given various asset and liability entries, this determines various calculations that can be made from the balance sheet.
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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.
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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.
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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.
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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.
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Receivables Ratios
Given Net Sales, Beginning Accounts Receivable, and Ending Accounts Receivable, this determines Average Accounts Receivable, Receivables turnover ratio, and Average Collection Period.
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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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