12 - FIFO & LIFO (Cost Layering Methods)

Accounting 101 with Jimmy Stewart

Player FM - Internet Radio Done Right

40 subscribers

Aggiunto sette anni fa

Contenuto fornito da James Stewart. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da James Stewart o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

This Is Woman's Work with Nicole Kalil

1
How To Pitch Yourself (And Get A Yes) | 300 27:52

14 giorni fa27:52

Riproduci in seguito

Liste

Like aggiunto

27:52

We made it— 300 episodes of This Is Woman’s Work ! And we’re marking this milestone by giving you something that could seriously change the game in your business or career: the skill of pitching yourself effectively. Whether you’re dreaming of being a podcast guest, landing a speaking gig, signing a client, or just asking for what you want with confidence—you’re already pitching yourself, every day. But are you doing it well? In this milestone episode, Nicole breaks down exactly how to pitch yourself to be a podcast guest … and actually hear “yes.” With hundreds of pitches landing in her inbox each month, she shares what makes a guest stand out (or get deleted), the biggest mistakes people make, and why podcast guesting is still one of the most powerful ways to grow your reach, authority, and influence. In This Episode, We Cover: ✅ Why we all need to pitch ourselves—and how to do it without feeling gross ✅ The step-by-step process for landing guest spots on podcasts (and more) ✅ A breakdown of the 3 podcast levels: Practice, Peer, and A-List—and how to approach each ✅ The must-haves of a successful podcast pitch (including real examples) ✅ How to craft a pitch that gets read, gets remembered, and gets results Whether you’re new to pitching or want to level up your game, this episode gives you the exact strategy Nicole and her team use to land guest spots on dozens of podcasts every year. Because your voice deserves to be heard. And the world needs what only you can bring. 🎁 Get the FREE Podcast Pitch Checklist + Additional Information on your Practice Group, Peer Group, and A-List Group Strategies: https://nicolekalil.com/podcast 📥 Download The Podcast Pitch Checklist Here Related Podcast Episodes: Shameless and Strategic: How to Brag About Yourself with Tiffany Houser | 298 How To Write & Publish A Book with Michelle Savage | 279 How To Land Your TED Talk and Skyrocket Your Personal Brand with Ashley Stahl | 250 Share the Love: If you found this episode insightful, please share it with a friend, tag us on social media, and leave a review on your favorite podcast platform! 🔗 Subscribe & Review: Apple Podcasts | Spotify | Amazon Music…

6 anni fa 26:08

MP3•Pagina principale dell'episodio

Today we will discuss the cost layering methods that are used within the periodic and perpetual inventory systems. Assumptions for purchases: 50 units purchased on January 1 at $10 each (50 x $10 = $500) 100 units purchased on February 1 at $11 each (100 x $11 = $1,100) 150 units purchased on March 1 at $12 each (150 x $12 = $1,800) Assumptions for sales: 250 units sold to customer on April 1 for $5,000 Journal entries to record purchases under Periodic Method (entry is the same whether LIFO or FIFO is being used): January 1: Debit Purchases $500; Credit Accounts Payable $500 February 1: Debit Purchases $1,100; Credit Accounts Payable $1,100 March 1: Debit Purchases $1,800; Credit Accounts Payable $1,800 Total Debits to Purchases = $3,400 ($500 + $1,100 + $1,800) Journal entries to record purchases under the Perpetual Method (entry is the same whether FIFO or LIFO is being used): January 1: Debit Inventory $500; Credit Accounts Payable $500 February 1: Debit Inventory $1,100; Credit Accounts Payable $1,100 March 1: Debit Inventory $1,800; Credit Accounts Payable $1,800 Total Debits to Inventory = $3,400 ($500 + $1,100 + $1,800) Journal entry to record sale - Periodic Method (entry is the same whether using FIFO or LIFO): April 1: Debit Accounts Receivable $5,000; Credit Revenue $5,000 Adjusting journal entry to record Cost of Goods Sold and Inventory - Periodic Method (Using FIFO): December 31: Debit Inventory $600 (for ending inventory); Debit Cost of Goods Sold for $2,800; Credit Purchases for $3,400; Credit Inventory for $0 (for beginning inventory) Adjusting journal entry to record Cost of Goods Sold and Inventory - Periodic Method (Using LIFO): December 31: Debit Inventory $500 (for ending inventory); Debit Cost of Goods Sold for $2,900; Credit Purchases for $3,400; Credit Inventory for $0 (for beginning inventory) Journal entries to record sale - Perpetual Method (FIFO): April 1: Debit Accounts Receivable $5,000; Credit Revenue $5,000 April 1: Debit Cost of Goods Sold $2,800; Credit Inventory $2,800 Journal entries to record sale - Perpetual Method (LIFO): April 1: Debit Accounts Receivable $5,000; Credit Revenue $5,000 April 1: Debit Cost of Goods Sold $2,900; Credit Inventory $2,900

19 episodi

#James Stewart #Journal Entry #Higher Education #Podcasting Education