Category Archives: Bookkeeping

Marginal cost and revenue: Formulas, definitions, and how-to guide

Economies of scale occur when increasing the production quantity reduces the per-unit cost of production. This is due to the spreading of fixed costs over a larger number of units and operational efficiencies. Marginal cost’s relationship with the production level is intriguing and has significant implications for businesses. If the selling price for a product […]

Going Concern Assumption Accounting Definition + Examples

Content AccountingTools Private companies Internal control over financial reporting The Employee Retention Credit: What Taxpayers Need to Know The Going Concern Principle and its Significance for Accounting and Auditing Going Concern Assumption If the company is unable to generate sufficient revenue or secure additional financing, it may be unable to meet its obligations and may […]