B1 (cpa)
Becker College
All 1 results
Sort by
-
Formulas Becker Part 1
- Summary • 12 pages • 2023
-
- $2.99
- + learn more
Part 1 Formula Reference Guide 
Term Formula Unit 
Absorption 
costing 
equation 
− 
Revenue 
Less: cost of goods sold 
− 
Gross margin 
Less: operating expenses (both fixed and variable) 
Net income 
2 
Accounting 
equation (or 
balance sheet 
equation) 
Assets = Liabilities + Owners' equity (or stockholders' equity) 1 
Asset turnover Asset turnover = 
Sales 
Assets 
4 
Budgeted 
production 
Budgeted sales 
+ Desired ending inventory 
– Beginning inventory 
Budgeted production 
3 
Cash bu...
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia