Your cost structure—essentially, your ratio of fixed to variable costs—is a key element in the resilience of your business. Proper distribution of fixed versus variable costs is fundamental to being able to survive the tough times and capitalize on opportunities. This will help you determine how much your business must pay for every unit before […]

Make sure you include the invoice number and the issuing date on your invoice. This helps with tracking payments manually or through online payment management software. These details can also come in handy if an invoice slips through how to fill out a receipt book the cracks while being forwarded between departments. A payment receipt

Definition of Contingent Liability A contingent liability is a potential liability that may or may not become an actual liability. Whether the contingent liability becomes an actual liability depends on a future event occurring or not occurring. An entity recognises a provision if it is probable that an outflow of cash or other economic resources

Hence, the cost of debt is NOT the nominal interest rate, but rather the yield on the company’s long-term debt instruments. The nominal interest rate on debt is a historical figure, whereas the yield can be calculated on a current basis. The cost of debt is the interest rate that a company must pay to