Accounting FormulasShows various accounting formulas
LessonBalance SheetGiven various asset and liability entries, this determines various calculations that can be made from the balance sheet.
CalculatorChain Discounts and Net Cost Price and Net Cost EquivalentGiven a chain discount and an original price, this calculates the total discount and net cost price.
CalculatorCost Recovery MethodGiven a sales price, cost, and set of payments, this determines the gross profit per year based on the cost recovery method.
CalculatorEarnings Before Interest and Taxes (EBIT) and Net IncomeGiven inputs of sales, fixed costs, variable costs, depreciation, and taxes, this will determine EBIT and Net Income and Profit Margin
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Watch the VideoHigh-Low MethodCalculates Variable Cost per Unit, Total Fixed Cost, and Cost Volume using the High-Low Method
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Watch the VideoInstallment Sales Method of AccountingGiven a sales price, cost amount, installment payment amount and term, this will show the accounting for the Installment Payment method.
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Watch the VideoInventory MethodTakes accounting entries using the FIFO (first in first out) and LIFO (last in first out) inventory methods.
CalculatorInventory Turnover and Average InventoryCalculates inventory turnover ratio and average inventory
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Watch the VideoPercentage of CompletionGiven a sales price, total costs, and costs per period, this determines the gross profit to date using the percentage of completion method.
CalculatorReceivables RatiosGiven Net Sales, Beginning Accounts Receivable, and Ending Accounts Receivable, this determines Average Accounts Receivable, Receivables turnover ratio, and Average Collection Period.
CalculatorVendor Discount Effective Rate of InterestCalculates 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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