Solve for Accounting Revenue and Sales, Receivables

Dear Professor Cram,  I need your advise. Business sells items. 25% customers pay next month. For Oct. cash collected was $21000 and $6500(accounts receivable) from Sept. Total-27500. What is revenue in this case? Thank you, Luiza ___________________ If you are Continue reading

Intro Business: Quiz

How well do you know your business terms? Take the plunge with this fun quiz — ten questions randomly selected from accounting, economics, finance, management, marketing, business organization, and human resources. Continue reading

My Intro Business Flashcards

Learn the important terms and definitions for accounting, marketing, economics, and other business disciplines with these flashcards. You can even study while you play a concentration game, too! Continue reading

Break-Even Analysis and the Break-Even Point

When considering the production or sale of a new product or service, businesses often will use break-even analysis and the break-even point to see whether its financially feasible. See how it works in this free tutorial. Continue reading

Income Statement, Single Step

Learn about the structure and contents of a single-step income statement by examining one for the fictitious company Bogus Manufacturing, Inc. Continue reading

Income Statement – Multi-Step

Learn about the structure and contents of a multi-step income statement by examining one for the fictitious company Bogus Manufacturing, Inc. Continue reading

Debits and Credits

The most critical concept for any accounting student to master is an understanding of debits and credits. Many textbooks can be confusing, but this tutorial should put you on the right path. Continue reading