Author: Melvin Potot

Which type of overhead rates, plant wide, departmental or ABC are determined using a two stage cost allocation process? When are activity based overhead rates needed to provide accurate product costs? In the sections above,...

This method calculates the tax based on your corporation’s total gross assets and the ratio of issued shares to authorized shares. Your corporation will owe an estimated $400 for each $1,000,000 in gross assets. The...

Each year the State of Delaware calculates your corporation’s franchise tax obligation based on the Authorized Share Method. See our handbook glossary for more information about authorized shares. For more help with tax...

The balance sheet can be used to give insights into a company’s financial strength and health. The balance sheet is a very important financial statement for many reasons. It can be looked at on its own and in conjunction...

Liabilities are debt obligations that the company owes other companies, individuals, or institutions. Investors use this information to compare the company’s current performance with past performance to gauge the growth and...