Attorney fees are often made recoverable through what are known as fee-shifting statutes. Ultimately, understanding what retainer fees are and why they are important is crucial for anyone involved in procurement processes. By setting up clear expectations around retainers upfront, both parties can enter into agreements that are fair and beneficial for everyone involved. Your…
But they incur no costs, save for a small number of debtors who don’t repay the principle. For simplicity’s sake, let’s say each loan generates $5 in revenue and incurs no costs. If revenue and other income are ways in which the business makes money, why should we list them separately? We note that Colgate’s…
This ensures that the depreciation expense account reduces the asset’s ledger balance gradually, following generally accepted accounting principles (GAAP) and sometimes IFRS standards. Missing these entries can lead to discrepancy in financial reports and poor management analyses. The importance of adjusting entries in financial statements cannot be overstated. Analysis of financial performance Now for Interior…
This amount is calculated without considering the impacts of time on the value of money. At a comparison among alternative projects, the one that has the maximum profit becomes the best choice. Small businesses can compare their day to balance sheet day performance to quickly make strategies for daily losses. Further, it is not feasible…