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  • TorontoSEO 9:34 PM on September 5, 2012 Permalink |
    Tags: , cost, Depreciation reporting, , , machinery, , , , ,   

    Depreciation reporting

    In an accountant’s reporting systems, depreciation of a business’s fixed assets such as its buildings, equipment, computers, etc. is not recorded as a cash outlay. When an accountant measures profit on the accrual basis of accounting, he or she counts depreciation as an expense. Buildings, machinery, tools, vehicles and furniture all have a limited useful life. All fixed assets, except for actual land, have a limited lifetime of usefulness to a business. Depreciation is the method of accounting that allocates the total cost of fixed assets to each year of their use in helping the business generate revenue.

    Part of the total sales revenue of a business includes recover of cost invested in its fixed assets. In a real sense a business sells some of its fixed assets in the sales prices that it charges it customers. For example, when you go to a grocery store, a small portion of the price you pay for eggs or bread goes toward the cost of the buildings, the machinery, bread ovens, etc. Each reporting period, a business recoups part of the cost invested in its fixed assets.

    It’s not enough for the accountant to add back depreciation for the year to bottom-line profit. The changes in other assets, as well as the changes in liabilities, also affect cash flow from profit. The competent accountant will factor in all the changes that determine cash flow from profit. Depreciation is only one of many adjustments to the net income of a business to determine cash flow from operating activities. Amortization of intangible assets is another expense that is recorded against a business’s assets for year. It’s different in that it doesn’t require cash outlay in the year being charged with the expense. That occurred when the business invested in those tangible assets.

     
  • TorontoSEO 11:49 PM on October 28, 2011 Permalink |
    Tags: , , cost, , , , , , , , , , Why You Should Take a Kitchen Remodeling Class   

    Why You Should Take a Kitchen Remodeling Class

    Are you a homeowner who is interested in remodeling your kitchen? Whether you are just looking to change the appearance of your home or increase the value of it, there may be a good chance that you are. If so, do you plan on doing your own remodeling? Although it can be somewhat difficult, a large number of homeowners make the decision to do their own kitchen remodeling, even if they do not have any home improvement experience. Although it is possible to remodel your own kitchen, without any prior home improvement experience, you may, at least, want get some training. You can do this with a kitchen remodeling class, course, or training seminar.

    When it comes to kitchen remodeling courses, one of the most commonly asked questions is why. The answer is the training that you will receive. Depending on the type of kitchen remodeling course, class, or seminar that you attend, you will likely get both classroom experience and hands on experience. Hands on experience means that you may not only get to watch a kitchen remodeling project being done, such as a new cabinet installation, but you may also get to try your hand at it. The overall quality of your kitchen remodeling project may have an impact on your home’s value; that is why it is a good idea to get all of the training and experience that you can.

    If you are looking for a kitchen remodeling course, you may want to try the internet or your local newspaper. In the United States, there are a number of career training centers that host classes and training seminars. Although the goal of these courses is to prepare students for a career in kitchen remodeling, you may still be able to learn about kitchen remodeling, particularly what you should or shouldn’t do. In fact, you may also find that you like remodeling things so much that you may even want to change your career path. The only problem with taking a kitchen remodeling class that has a focus on career training is the cost. The cost of these courses will all vary, but they will, almost always, cost money. The cost typically averages about fifty or hundred dollars per person.

    If you are looking for a low-cost way to attend a kitchen remodeling seminar, you may want to contact one of your local home improvement stores. Many of the home improvement stores that operate on a national level offer training classes for their customers. Many times, these classes only last a few hours, but the information that you can walk away with may be invaluable. It is also important to note that the kitchen remodeling courses offered by most home improvement stores are more affordable; in fact, many are even free to attend. The only problem that you may find with these classes is that they tend to focus on only one project, such as new countertop installations. If you are looking to remodel your whole kitchen, you may need to attend more than one class.

    As previously mentioned, a kitchen remodeling training seminar, class, or course, may help you understand what you should and shouldn’t do when remodeling your kitchen. For instance, you may learn that you shouldn’t take shortcuts when remodeling your kitchen. You may also learn tips on how to do something quickly, but effectively, such as installing your new kitchen cabinets. It is likely that safety will be touched on as well. A kitchen remodeling training course, class or seminar, may help you understand the importance of safety, as well as provide you with valuable tips on how to stay safe. Regardless of what you learn, you will likely walk away more informed.

    Although it is advised that you take a kitchen remodeling training seminar, course, or class, especially if you do not have any previous home improvement experience, you may not want to. If that is the case, it is advised that you at least follow all of the directions or instructions that you are given, if you were given any at all.

     
  • TorontoSEO 9:00 AM on March 5, 2011 Permalink |
    Tags: Cheap Paintball Guns, cost, , , How to Buy and Select Cheap Paintball Guns, , , , , , , ,   

    How to Buy and Select Cheap Paintball Guns

    While one should never sacrifice value over the quality of paintball safety equipment, paintball guns are available today at reasonable prices and with a wide variety of interesting features.

    When deciding which the best paintball gun is for you, be realistic and determine your “skill level”. When just beginning, and do not know the frequency of your play, begin with an inexpensive gun.

    To decide which features you need in a paintball gun, you can borrow markers from your friends and try them on different paintball fields. After you have decided on the features you want then start shopping for your gun.

    When playing for recreation, there is really no need to spend a great deal of money as there are many recreational guns of good quality that are not expensive. Note that there are also several poor quality markers on the market so you need to your research before you buy to make certain that the marker that you purchase is dependable and can be upgraded.

    When you are making plans to play in tournaments, determine what type of tournament that you will be entering. If you are going to play in small tournaments you may use a less expensive marker or upgrade your old one.
    However, in the larger tournaments, you will need an “electro-pneumatic” or a “blow-forward” gun, which costs a minimum of $350.

    The cost of markers depends primarily on the gun’s pressure system as well as its accessories. The most popular system today is the “carbon dioxide pressure system” normally used in the less expensive markers.

    The primary disadvantage is that usually the carbon dioxide’s performance is influenced by the temperature outside, and changes from its gas state to liquid resulting in velocity instability that affects its shooting accuracy.

    Serious paintball players use the “high-pressure air and nitrogen system” markers that are much more accurate because the nitrogen will never liquefy. Having this characteristic, these markers are more expensive.

    Extra accessories also increase the cost of your marker. A loader or hopper is a very popular accessory. It is a container that feeds paintballs into the gun. Hoppers are available in many varieties – some are powered and automated. Fast and lightweight hoppers are more expensive.

    Just keep in mind that the any marker that you purchase will not be perfect and will ultimately have flaws. So when purchasing your marker, always double check the choices offered and purchase a gun only if you know what you really want.

     
  • TorontoSEO 6:10 AM on October 14, 2010 Permalink |
    Tags: , , cost, , , , , , Remodeling Your Bathroom How You Can Pay for It, , , , , ,   

    Remodeling Your Bathroom How You Can Pay for It

    Have you recently decided that you would like to have your bathroom remodeled? If so, have you already started making the changes? As much as some homeowners would like to have their bathrooms remodeled, not all do so. One of the reasons for that is the cost. Unfortunately, bathroom remodeling can get quite expensive. However, even though it may appear as if you cannot afford to have your bathroom remodeled, you may still be able to. There are a number of different ways that you can go about paying for your bathroom remodeling.

    One of the most common ways that bathroom remodeling is paid for is by financing. If you are a homeowner, your home could also benefit from a little bit of remodeling. This benefit is an increase in value. Since many homes see an increase in value, after a bathroom remodeling project has been completed, many financial institutions feel comfortable giving out loans to qualifying homeowners. If you are looking to have your bathroom remodeled, but you do not have the cash to do so, you may want to approach one of your local banks for a loan. These loans are often referred to as home improvement loans. Depending on your credit, you should easily be able to afford a bathroom remodeling project with a loan.

    As previously mentioned, most financial institutions only had out loans to well qualifying individuals. A well qualified individual is typically someone is has a spotless credit history or at least a decent one. If you are looking to have your bathroom remodeled, but you are unable to obtain financing, you don’t necessarily have to give up your remodeling dreams. Another way that you could pay for your remodeling is by only taking it one step at a time. Although you may have hoped to remodel your whole bathroom, you may only want to focus on one part of it at a time. For instance, you could start with replacing your bathroom floor, and then get a new bathtub and maybe even a new sink after that. Talking small steps is one of the best ways to afford a bathroom remodeling project, especially if you are unable to obtain financing.

    Another way that you could afford to have your bathroom remodeled is if you place the repairs on your credit card. The only problem with doing is the high fees that you may be charged; however, credit cards are great alternatives to home improvement loans. In fact, if you are doing your own bathroom remodeling, instead of hiring the assistance of a professional, it may be easier for you charge your remodeling costs. This is because all you will really need to pay for is the supplies, materials, and tools needed. Depending on the fees associated with your credit card, as well as the overall cost of your bathroom remodeling project, you may also want to take your remodeling in small strides. Doing only one remodeling project at a time is a great way to lessen the amount of money you are forced to repay right away.

    As you can see, there are a number of different ways that you can go about affording to have your bathroom remodeled. Before making any decisions that will be set in stone, it may be a good idea to sit back and fully examine the advantages and disadvantages of your options. Doing so may help to prevent you from having to pay more money for your kitchen remodeling project than you need to.

     
  • TorontoSEO 8:16 PM on September 7, 2010 Permalink |
    Tags: business unit, cann, cost, Direct costs, Indirect costs, , , , , , , Types of Costs, Variable   

    Types of Costs

    Direct costs are those costs that cann be directly attributed to a product or product line, or to one source of sales revenue, or one business unit or operation of the business. An example of a direct cost would be the cost of tires on a new automobile.

    Indirect costs are very different and can’t be attached to any specific product, unit or activity. The cost of labor or benefits for an auto manufacturer is certainly a cost, but it can’t be attached to any one vehicle. Each business has to devise a method of allocating indirect costs to different products, sources of sales revenue, business units, etc. Most allocation methods are less than perfect, and generally end up being arbitrary to one degree or another. Business managers and accounts should always keep an eye on the allocation methods used for indirect costs and take the cost figures produced by these methods with a grain of salt.

    Fixed costs are those costs that stay the same over a relatively broad range of sales volume or production output. They’re like an albatross around the neck of business and a company must sell its product at a high enough profit to at least break even.

    Variable costs can increase and decrease in proportion to changes in sales or production level. Variable costs vary proportionately with changes in production/

    Relevant costs are essentially future costs that could be incurred, depending on what strategic course a business takes. If an auto manufacturer decides to increase production, but the cost of tires goes up, than that cost needs to be taken into consideration.

    Irrelevant costs are those that should be disregarded when deciding on a future course of action. They’re costs that could cause you to make a wrong decision. Whereas relevant costs are future costs, irrelevant costs are those costs that were incurred in the past. The money’s gone.

     
  • TorontoSEO 8:16 PM on September 5, 2010 Permalink |
    Tags: , cost, , , Parts of an Income Statement part 1, , , , , ,   

    Parts of an Income Statement part 1

    The first and most important part of an income statement is the line reporting sales revenue. Businesses need to be consistent from year to year regarding when they record sales. For some business, the timing of recording sales revenue is a major problem, especially when the final acceptance by the customer depends on performance tests or other conditions that have to be satisfied. For example, when does an ad agency report the sales revenue for a campaign it’s prepared for its client? When the work is completed and sent to the client for approval? When the client approves it? When the ads appear in the media? Or when the billing is complete? These are issues a company must decide on for reporting sales revenue, and they must be consistent each year, and the timing of reporting should be noted on the financial statement.

    The next line in an income statement is the cost of goods sold expense. There are three methods of reporting cost of goods sold expense. One is called “first in-first out” (FIFO); another is the “last in-last out” (LIFO) method and the last is the average cost method. Cost of goods sold expense is a huge item in an income statement and how it’s reported can make a substantial impact on the reported bottom line.

    Other items in an income statement include inventory write-downs. A business should regularly inspect its inventory carefully to determine any losses due to theft, damage and deterioration, and to apply the lower of cost or market (LCM) method. Bad debts are also an important component of the income statement. Bad debts are those owed to a business by customers who bought on credit (accounts receivable) but are not going to be paid. Again the timing of when bad debts are reported is crucial. Do you report it before or after any collection efforts are exhausted?

     
  • TorontoSEO 3:18 PM on May 8, 2009 Permalink |
    Tags: , , , , cost, , , , , Should You Buy or Rent Your Camping Gear, , ,   

    Should You Buy or Rent Your Camping Gear

    Are you planning on taking a camping trip in the near future? If this is your first time going camping, you will need to get camping gear to take with you, as you may not already own it. While your first impulse may be to head on down to your local sports store, did you know that you have another option as well? You do. In addition to buying your own camping gear, you may also be able to rent it.

    When it comes to determining whether you should buy your own camping gear or just rent the camping gear that you need, you may have a difficult time deciding what to do. If you are wondering what you should do, you will want to continue reading on. Below, the pros and cons of both buying your own camping gear and renting your camping gear are outlined.

    As for buying your own camping gear, you will find that the biggest con or downside to doing so is the cost. Depending on what you need to buy, it can get pretty expensive to purchase your own camping gear. With that in mind though, there are a number of camping gear equipment pieces, like camping tents or sleeping bags, that can be purchased for affordable prices. If you are looking to camp on a budget, you can still buy your own camping gear, but you just need to know where to look.

    Although there are a number of downsides, like the price, to buying your own camping gear, you will also find that there are a number of pros or plus sides to doing so as well. One of those plus sides is the fact that you will own the camping gear in question. This means that you can use it as little or as often as you would like. If you are planning to take a number of camping trips in the future, you will find that it is easier, as well as cheaper in the long run, to buy your own camping gear.

    It is also important to mention the freedom that you have, when buying your own camping gear. When buying your own camping gear, you can buy basically whatever you want. For instance, if you would like a camping tent that is the color black, you are free to do so. When you buy your own camping gear, you have the ability to be picky if you want to be. With a large selection of camping gear pieces to choose from, from a number of different retailers, the decision as to what you want to buy is yours to make.

    If you are unable to buy your own camping gear or if you would prefer not you, your other option is to rent your camping gear. When it comes to renting camping gear, you will also find a number of pros and cons. As for the cons of renting your camping gear, you may find that you are faced with a limited selection of camping gear pieces to choose from. Many camping gear rental stations only carry the basic items, like tents, hot plates, and coolers. While you may have some choices, you will mostly find that your selection is limited.

    As for the pros or plus sides to renting your camping gear, instead of buying it, you will find that the cost is much more affordable. Despite being relatively affordable, different camping gear rental stations charge different rental fees. You will also find that camping gear can typically be rented for as little as one day or as long as a couple of weeks. Renting your camping gear is nice if this is your first time going camping and if you are unsure as to whether or not you would be interested in doing so again.

    As you can see, there are a number of pros and cons to both buying your own camping gear and renting it. In addition to the two above mentioned options, you may also want to think about borrowing camping gear from someone that you know. You may even be able to do so free of charge.

     
  • TorontoSEO 3:11 PM on May 2, 2009 Permalink |
    Tags: , , Camping in a Tent or a Motor Home What is Best, cost, , , , Motor Home, motor homes, , , , ,   

    Camping in a Tent or a Motor Home What is Best

    Are you interested in going on a camping adventure? If you are, you are definitely not alone. In the United States, camping is often referred to as a popular pastime. One of the many reasons why camping is so popular is because of all of the choices that you have. One of the many choices that you have is deciding how you would like to camp, in a motor home or in a tent.

    If this is your first or even your second time going camping, you may be unsure as to whether you should camp in a motor home or in a tent. This is a decision that many people have to make. If you would like advice on what you should do, you will want to continue reading on, as the advantages and disadvantages of both tents and motor homes are outlined below.

    As for camping in a traditional tent, there are a number of benefits to doing so. One of those benefits is the cost. Tents come in all different sizes, shapes, and styles, as well as prices. Tents can also be purchased from a number of different retail stores, including those that are located both on and offline. Depending on where you look, you may be able to find a camping tent for as low as twenty or thirty dollars!

    Another one of the many benefits to going camping in a traditional camping tent is the experience. Camping tents, as you likely already know, are sort of like tarps. They give you protection from the outdoors, but they still leave you feeling as if you are camping in the open night. If you are an outdoor lover or if you are truly looking to get the “camping feel,” you may want to think about camping in a traditional camping tent.

    Although going camping in a traditional camping tent is nice, there are a number of downsides to doing so. One of those downsides is bad weather. For your information, a large number of camping tents are strong and waterproof, but not all are. If you are unsure as to what the weather will be like for your next camping adventure, you may want to think about purchasing a camping tent that comes highly rated and recommended. Doing so may help ensure that you don’t awake to any wet surprises.

    As for camping in a motor home, you will also find that there a number of advantages and disadvantages to doing so as well. Perhaps, the biggest disadvantage of camping in a motor home is the cost of doing so. Motor home are expensive to buy and if you are looking to camp on a budget, you may not be able to afford to buy your own motor home. Of course, with that in mind though, you should know that you don’t actually have to buy a motor home. There are a number of individuals and companies that have motor homes available for rent. Renting a motor home, instead of buying one, is a nice, affordable way to camp in style.

    If you are able to camp in a motor home, you may enjoy doing so, as many motor homes appear as if they are small apartments or small homes. Motor homes often come equipped with working bathrooms, kitchens, and televisions! This is nice if you are looking to enjoy camping, while still being able to bask in the modern luxuries of life.

    As it was previously mentioned, one of the reasons why camping is so popular is because of all the choices that you have, like the choice to camp in a traditional camping tent or a motor home. The decision as to whether you want to camp in a motor home or a traditional camping tent is your decision to make, but you may want to keep the above mentioned advantages and disadvantages in mind when making your decision.

     
  • TorontoSEO 12:46 AM on February 5, 2009 Permalink |
    Tags: , , cost, , , , , , , , , , Which Health Plans Offer Pet Health Insurance   

    Which Health Plans Offer Pet Health Insurance

    When pet owners purchase a pet they shop around at the various pet shops, breeders, pet rescues, and animal shelters until they find the dog, cat, or exotic pet that suits them, what very few pet owners do is consider the cost of veterinarian cost for their new pet. The oversight can prove financially devastating and emotionally heartbreaking.

    The cost of veterinary cost is on the rise. Technology, liability insurance, medications, and medical research have forced veterinary clinics to raise their cost. Veterinary clinics in rural areas of the country (especially ones that combine their small animal practice with a large animal practice) find it difficult to attract young vets who are graduating from vet school to their clinics; they are forced to offer higher salaries in order to compete with clinics located closer to major cities. The increase in the payroll is then transferred to pet owners.

    It was recently estimated that the average dog owner will spend about two hundred dollars a year at the vet’s office. Cats were a little cheaper; their owners only spent about a hundred and sixty dollars in veterinary bills. When you consider what the average life expectancy is for a pet, especially on kept inside, that’s a lot of money. And what if the pet isn’t your run of the mill dog or cat? What if the pet is something more exotic like a pot bellied pig, a ferret, a rabbit, a snake, or even a skunk? The more exotic the pet the more the pet owner is likely to spend on the veterinarian bills, especially if they have a pet such as a skunk which will probably require a vet with special skills. What happens to the pet if it suddenly gets sick or is injured in a freak accident? How much will it set the pet owner back if they have to take their family pet to a university’s veterinary school, will they be able to afford it or will they be forced to euthanize their pet for economic reasons?

    Many pet owners try to keep the unexpected veterinary bills at bay by providing excellent care for their pets. They make sure that the pet is kept well groomed to prevent insects and skin disorders. They only feed their pets foods that are very carefully balanced with a proper blend of nutrients. They make sure the pet maintains a healthy weight, not to thin and not to fat. Some pet owners won’t let their pets out of the house, fearing a freak accident. While pet owners should take the best possible care of their pets and do everything in their power to keep their family pet safe, even the most careful, health conscious pet owner can not prevent everything.

    Pet health insurance is one way to prevent veterinarian bills from becoming overwhelming. Pet health insurance is insurance pet owners purchase to help cover veterinarian bills similar to human medical insurance. The chances of a pet owner being able to purchase a pet health care at the same health insurance company where they purchase their human health insurance is slim. Most pet owners will find that they have to go to a separate insurance company that specializes in pet health insurance.

     
  • TorontoSEO 9:34 PM on September 9, 2008 Permalink |
    Tags: , , cost, Depreciation, Depreciation expense, , fixed asset, , , , , ,   

    Depreciation

    Depreciation is a term we hear about frequently, but don’t really understand. It’s an essential component of accounting however. Depreciation is an expense that’s recorded at the same time and in the same period as other accounts. Long-term operating assets that are not held for sale in the course of business are called fixed assets. Fixed assets include buildings, machinery, office equipment, vehicles, computers and other equipment. It can also include items such as shelves and cabinets. Depreciation refers to spreading out the cost of a fixed asset over the years of its useful life to a business, instead of charging the entire cost to expense in the year the asset was purchased. That way, each year that the equipment or asset is used bears a share of the total cost. As an example, cars and trucks are typically depreciated over five years. The idea is to charge a fraction of the total cost to depreciation expense during each of the five years, rather than just the first year.

    Depreciation applies only to fixed assets that you actually buy, not those you rent or lease. Depreciation is a real expense, but not necessarily a cash outlay expense in the year it’s recorded. The cash outlay does actually occur when the fixed asset is acquired, but is recorded over a period of time.

    Depreciation is different from other expenses. It is deducted from sales revenue to determine profit, but the depreciation expense recorded in a reporting period doesn’t require any true cash outlay during that period. Depreciation expense is that portion of the total cost of a business’s fixed assets that is allocated to the period to record the cost of using the assets during period. The higher the total cost of a business’s fixed assets, then the higher its depreciation expense.

     
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