To ensure that the customers get the right price for the products, it is important to calculate the sales tax. While the US doesn’t have a ruling for the maximum
GST (Goods and Services Tax) reconciliation is done to know whether the tax collected/paid when purchasing/selling something matches the CRA records of the government. In Excel, we can use various
Creating and following a personal budget is a smart decision for any finance-literate person. A budget can help you track your income and expenses, and plan for the future. Excel,
To determine a product’s sales target, it is important to calculate the break-even point. A break-even chart is the visual representation of the break-even analysis. Using the fixed cost, variable
To monitor your stocks, you might want to track the stock portfolio. In Excel, it is easy to create a sheet that will help you track the sharemarket status and
The dividend discount model is used to determine the appropriate price of a stock by considering the present value of the future dividends that the stock is expected to pay.
The declining balance depreciation method is an accelerated depreciation method that is used to decline the value of an asset quickly. In this method, the depreciation amount is higher for
After acquiring an expensive fixed asset, businesses calculate depreciation on it to spread the cost over a period of years and prepare to replace it when the asset reaches the
If you are a retailer or distributor who works with sales units, you might need to calculate the total sales of your products. While most people prefer using the SUM