Cost of goods sold is the direct expenses incurred by a business for producing a product or delivering a service. To calculate this number, take the inventory at the beginning of a period and add it to the inventory purchased during the period. Lastly, subtract the remaining inventory at the end of the period from […]

Schizoaffective disorder Symptoms and causes Very rarely, statins can cause life-threatening muscle damage called rhabdomyolysis (rab-doe-my-OL-ih-sis). Rhabdomyolysis can cause extreme muscle pain, liver damage, kidney failure, and death. The risk of very serious side effects is extremely low. Only a few cases of rhabdomyolysis occur per million people taking statins. Other possible but rare causes […]

The 8 Steps in the Accounting Cycle This process, known as journalizing, creates a detailed, day-by-day record of all financial events. A typical journal entry includes the date, account names debited and credited, monetary amounts, and a brief description. This provides a complete historical record of the business’s financial activities. Obviously, business transactions occur and […]