Imagine a retail store that purchases 100 units of an item for PHP 100 each and another 100 units for PHP 120 each. If the store uses the FIFO method, the first 100 units sold will be valued at PHP 100 each, while the remaining inventory will be valued at PHP 120 each. Whether you’re…
Of course, the number of management & administrative roles depend on the size of the day care facility and the children you have. Whether you want to understand what’s your breakeven, your valuation or create a financial model for the business plan of your day care, you’ve come the right way. Once set up, you…
Expenses are costs that have been incurred to generate revenue, but may or may not have been paid. Liabilities do not affect the income statement directly in the same way expenses do, but they reflect the company’s obligation to repay debt. As the company repays liabilities, cash outflows occur, which are reflected in the cash…