I’m torn between accounting and nursing but my heart goes for accounting but I’m afraid it’ll be very difficult just what gossip says, after watching this video makes me realize it isn’t that hard. This video really help me decide! Thank you!
Nursing does pay you well than Accountants.. Your job is also secure and you get to interact with humans in nursing job... In Accounting you sit in front of the system all day .. I am thinking about these aspects.. what you guys think? Let me know
@@myphotosone You have to take into consideration that nursing is also extremely hard work physically and long irregular and crazy hours.(Where I live the salary is mediocre so def. not as much as an accountant) It may work for some but other people enjoy more regular and predictable life. Also as a nurse yes you do interact with people a lot, but I have to say that patient interaction is very particular and should not be considered the same as a normal interaction. You have to be empathetic and work on developing a therapeutic relationship with your patient no matter what happens in your personal life, which can be rough sometimes ! Depends on what the individual prefers :) But both are great and nursing is def. a very rewarding job where you can have a direct impact on people's lives! But it is really not easy money
I really like how you broke the problem down in simple steps. It reminds me back in algebra days we had to highlight every little number in word problem and that definitely simplified things. So appreciate for showing a sample question. Accounting definitely looks interesting.
Thanks! A lot of accounting questions try to purposely give too much information to confuse you. Breaking it down helps me stay on track and not get confused.
I know this is 4 years late lol but thanks for this video. I've been seriously considering majoring in accounting when I get into college and I pretty much understood everything you did in this video. Also, I noticed that this is the type of math that I've always loved. You did a great job of explaining everything.
I’ve recently been really interested in looking. accounting lately, I’ve never really knew what it was or anything but I’ve had an idea of it. But from what you’ve shown here it was really easy for me to understand plus I’m really good at math and I like it so it really made it more interesting for me.
Wow, I am an artsy person and I understood this. I am seriously considering getting my master's in accounting and this helps me a lot. Thanks for sharing!:)))
In my first semester of accounting in college. Switched from doing OT to ACC and this is super easy to follow. Thanks for doing this! So glad I found your page
Thank goodness for people like you!! This was so confusing to me. I hate math or thinking about numbers! You can really tell you love doing this!! We all have a talent for sure!!
Watching this make me feel even better to heading back to school to become an accountant ty,, it was straightforward and organization was basic to solve the problem
Thanks Sara for the video, it was the only video I could find for what to expect in the accounting field, I have searched every detailed video of accounting, a day in the life, what they do but every video just stated they examine financial records and make sure taxes are paid, talk to clients. I am a Yr 11 student very much enjoying business studies and mathematics because I am top in these subjects. I have been contemplating on becoming an accountant for a while but had no information on what I would get myself into in university and didnt want to change courses. This video has reassured me that accounting is my future career because I love these problem solving, analysis questions and would love to see more math involved. I am in love with business but never sure what the accountancy field would bring me. I want to thank you so much as you have saved my future, please more upload videos like these (not just homework but everything your channel already has). Please do not stop because there are people out there like myself who you are significantly impacting and helping their future and lives. Once again thank you so much for this in depth video of what your homework is.
Make sure to check out some of my other accounting videos! I have a whole playlist - CPA/MBA that has many day in the life videos as well as others. Good luck with your studies!!
Love this. I have an accounting degree, but it’s been 25 years ago and I haven’t worked in accounting, but I found it interesting and could follow you. Thanks for awakening my mind again.
I’m in grade 8 and your explaining even helped me to understand. The one thing I was a little confused about was how you got the 60% but after reading comments I understood. Thanks for the video!
I am a grade 10 students but I watch videos about what is accounting and because of your video you convince me more to get this course i love the way you explain 💕
sound explanation my dear is very true when somebody start their work and make mistake from the starting the entire work or transaction will wrong it happens to me a lot of time. Some time it driven me crazy, Thank God for you tube to open my mind and skills to. work on problems that will make you not to forget your skills. lovely explanations.
I love how I actually understood this. You’re great at explaining ! Thank you. I am thinking about choosing accounting for my career and this actually sounds very interesting. I love math and problems like this.
Crazy thing is I have been a subbie for a super long time but never seen this video smh. I'm actually going back to school in January and just have been looking all over youtube for what to except and this video was very helpful. Thank you so much for sharing. I actually took a screen shot so I know how to see up a problem like this. Kinda reminds me of business math just on a different level.
Watching this video literally makes me want to do financial accounting because I love problem solving and I find it interesting how you're able to get all that information from just a few numbers and percentages given in the problem. I think I decided what my major is going to be now :)
I'm not in school and have not been in 2 years because I still don't know what I want to do as a career. But one thing I do know is that I love anything that involves some sort of finances or anything related to money and money solving.
$500,000 may be the returns if I had to guess. I’ve been out of school for years (military) and plan on taking on accounting. I followed on with this pretty well. Feeling pretty good about studying accounting!
Great video! I don't understand why you divided the income tax expense by .4 to get the EBT. Is there some formula for the EBT that is income tax expenses divided by the tax rate %? Thank you! :)
damn the paper's so clean if im the one whos solving that, itd a mess. anw, thank you so much for this!! i cant decide whether take nursing or accounting so this is a huge help! please make more vids like this.
I love the way you organized and broke down everything. I don’t have a lick of accounting experience and I was able to follow along (except I didn’t know some of the terminology..) What classes did you have to take math-wise?
Great video. Do you have a video where you go through balancing marriage and parenting while studying? I have a 5 month old and find it difficult to study.
I love your video! ❤️I have question, I'm planning to major in accounting at college and was wondering what laptop or computer do you own that works for accounting?
Thanks! I have a MacBook laptop that I love using for school. Although it's a little pricey, I never have to worry about issues with viruses and I make sure to get the apple care so I know it's protected for 3 years. Hope that helps :)
Sara Marie really? I wanted one but when I searched "the best laptops for accounting" lol people were saying that macs don't work for accounting programs 😮 they said you need a windows that comes with Excel and since windows work with accounting programs
I've always owned Apple computers and never had any issues. Excel works perfectly on Apple computers and you won't really learn accounting software until you're working as an accountant. Most schools don't teach accounting software because every company uses a different one. Hopefully that helps!
Hey so what would you rate the level of difficulty for this question? I feel like this is one of the easier types of questions and I’m surprised it’s something they would ask in a masters program. when I took accounting in school the classes were so damn difficult I was completely turned off from pursuing it. I did go to a top school (for accounting) though so that might contribute to it idk lol
Bout to sit for FAR, drilling hours a day. Fun fun fun , I do tax and it’s nothing like the questions. Being a defective is what it’s like, but you also do stock plan excels for clients and tax deferral options. Fun
i'm studying at accounting and i'm so confuse with adjustment journal. i would like to know some tips from you. by the way i'm a student at grades two of high school
As I mentioned in the video, this is definitely not what an accountant does in “real life”. This is a sample problem that I’ve had to do while in school. Because of confidentiality there’s not a ton I can show but I try to show as much as I can in my day in the life videos 😊
I am 16 and I am at the point where in I have to choose what I want to be but I don't really know what I want. I am trying to search about Accounting/Accountancy because it's one of my options but what if I am not fond of analyzing? In school, I hate tests like problem solving. I'm including this in my options because of the advantages of being an accountant but the process is the problem(college tests and lessons). Do you think I would have a hard time in college especially since this is about analyzing? Please do reply. 😭
I would definitely recommend taking an accounting course in high school if you can. Many of the problems I did in college were analyzing and problem solving. I got a good idea of what accounting courses would be like in my accounting course in high school!
Hi Sara. I have a question. I am a accounting student and I am looking for a good computer that I can use during school but will also be good working in the field. I love my macbook but I hate carrying it around. Any suggestions other than an apple?
Hey Sara, Ive been watching your videos for a long time now and the time has finally come for me to take intermediate accounting I, I will be taking it during this summer; which is a 6-week accelerated course. I was just curious on which planner you recommend for writing down like a study plan or how you plan ahead of time. I currently plan on reading the chapter first, attending class and asking questions, if I still don’t get it ask the TAs for help and of course practice on the homework and in class problems. Is there an additional tip for me? I know this class will be very intense. But I hope to give it my all. Thank you girl!
Sounds like your plan was exactly what I did! The only other thing I would recommend would be to find a study buddy to work on problems together. Just make sure to find someone who isn't going to slack off of depend too much on you. Good luck!!
I want to switch my major accounting online. Is this realistic? Since covid I realized how much I loved online learning. But I was an education major before, just curious if anyone thinks this is realistic for someone of “average intelligence” lol (I wouldn’t say I’m advanced or super smart but I feel capable to learn but my family thinks accounting is for geniuses)
Whew I was also solving the problem and I was so nervous hahaha but yep we got same answer and I hope it's correct... 😂 ghad if I can't friggin solve this simple problem what'll happen to me in the actual CPA licensure exam I'll be friggin dead 😭😭😭😭
Haha 😆 I think it’s right! I double checked my answers with a class mate and we had the same answer but yeah the cpa will probably be much harder 🤦🏻♀️
I can make it clearly for you. At this point, we'd know that 60% is After-tax rate (600,000dollars). So, 100% is the EARNINGS BEFORE INTEREST AND TAXES (EBIT) and 40% is the NET INCOME. First we must find out what EBIT(100%) is, so 600,000/0,4=1,500,000 dollars. Now we know that EBIT is 1,5 mil dollars. Furthermore, to find out what the net income is, so 40%=1,500,000-600,000=900,000 (100%-60%=40%), 900,000 dollars is the net income. However, in the video she indicated (1-0,6=0,4) 40% tax rate which it the appropriate way to do it (EBIT - income taxes = Net income), but don't get confused by that. Very late comment, but hope you get the point. :)
So the formula is: (1 - %) Remember when you subtract a % from a whole number, you move the decimal twice to the left. The after tax rate was 60% so that makes it 0.6 And then you minus 1-.6= .4 = 40% tax rate. You treat 1 - 0.6 like 10 - 6. Hope this helps 😺
Im confuse why it's (1-.4)=.6 but i get the first that 1-T= percent but im really confused why its .4 or 4 percent???? Someone can explain it more please?? Than you By the way i love ur vid. Hehehe its helpful
Yang Skie if you look at it like an algebraic equation, you will see (1- x)=.6, basically it’s 1 minus what gives you .6 So the answer is .4, you can check that it’s correct by simply adding .4 and .6 together to get 1
Yang Skie 6+4 is 10. But she’s using decimals. 0.6 + 0.4 is 1 When you work with percents you change them into decimals so that you can add them correctly. So the 60% will turn into 0.6
I’m torn between accounting and nursing but my heart goes for accounting but I’m afraid it’ll be very difficult just what gossip says, after watching this video makes me realize it isn’t that hard. This video really help me decide! Thank you!
Same here. Nursing or accounting, I'm really leaning toward accounting.
So glad you decided!
@@Dontrolling ex nursing student here ! I left nursing school to do accounting ☺️ Im obviously biased but I would choose accounting if i were you😂
Nursing does pay you well than Accountants.. Your job is also secure and you get to interact with humans in nursing job... In Accounting you sit in front of the system all day .. I am thinking about these aspects.. what you guys think? Let me know
@@myphotosone You have to take into consideration that nursing is also extremely hard work physically and long irregular and crazy hours.(Where I live the salary is mediocre so def. not as much as an accountant) It may work for some but other people enjoy more regular and predictable life. Also as a nurse yes you do interact with people a lot, but I have to say that patient interaction is very particular and should not be considered the same as a normal interaction. You have to be empathetic and work on developing a therapeutic relationship with your patient no matter what happens in your personal life, which can be rough sometimes ! Depends on what the individual prefers :) But both are great and nursing is def. a very rewarding job where you can have a direct impact on people's lives! But it is really not easy money
I’m an accounting student and it was easy to understand. I like your organizing skill lol I hope you would make more accounting videos after!
Definitely!
arun singh only scam niggahs put their emails on TH-cam. Goofy ass niggah.
Jeez, I'm a math major and I did not understand this lol. Word problems was not my strength lol
I really like how you broke the problem down in simple steps. It reminds me back in algebra days we had to highlight every little number in word problem and that definitely simplified things. So appreciate for showing a sample question. Accounting definitely looks interesting.
Thanks! A lot of accounting questions try to purposely give too much information to confuse you. Breaking it down helps me stay on track and not get confused.
Please make more videos like these! Helps us see what we might be getting into hehe.
Dope Melisa please do more like this! I love how you break everything down!
I know this is 4 years late lol but thanks for this video. I've been seriously considering majoring in accounting when I get into college and I pretty much understood everything you did in this video. Also, I noticed that this is the type of math that I've always loved. You did a great job of explaining everything.
I’ve recently been really interested in looking. accounting lately, I’ve never really knew what it was or anything but I’ve had an idea of it. But from what you’ve shown here it was really easy for me to understand plus I’m really good at math and I like it so it really made it more interesting for me.
That’s great! Good luck!!
Wow, I am an artsy person and I understood this. I am seriously considering getting my master's in accounting and this helps me a lot. Thanks for sharing!:)))
In my first semester of accounting in college. Switched from doing OT to ACC and this is super easy to follow. Thanks for doing this! So glad I found your page
Glad it was helpful :)
Thank goodness for people like you!! This was so confusing to me. I hate math or thinking about numbers! You can really tell you love doing this!! We all have a talent for sure!!
MORE ACCOUNTING CLASS VIDEOS PLEASE
Watching this make me feel even better to heading back to school to become an accountant ty,, it was straightforward and organization was basic to solve the problem
Thanks Sara for the video, it was the only video I could find for what to expect in the accounting field, I have searched every detailed video of accounting, a day in the life, what they do but every video just stated they examine financial records and make sure taxes are paid, talk to clients. I am a Yr 11 student very much enjoying business studies and mathematics because I am top in these subjects. I have been contemplating on becoming an accountant for a while but had no information on what I would get myself into in university and didnt want to change courses. This video has reassured me that accounting is my future career because I love these problem solving, analysis questions and would love to see more math involved. I am in love with business but never sure what the accountancy field would bring me. I want to thank you so much as you have saved my future, please more upload videos like these (not just homework but everything your channel already has). Please do not stop because there are people out there like myself who you are significantly impacting and helping their future and lives. Once again thank you so much for this in depth video of what your homework is.
Make sure to check out some of my other accounting videos! I have a whole playlist - CPA/MBA that has many day in the life videos as well as others. Good luck with your studies!!
Love this. I have an accounting degree, but it’s been 25 years ago and I haven’t worked in accounting, but I found it interesting and could follow you. Thanks for awakening my mind again.
I'm so excited to take my first accounting classes this semester! Seeing your videos makes me super glad I chose accounting as my major
You're a really good teacher ! It didn't feel like 20 minutes !
perfect explanation, very fun to watch and learn! im a senior in high school looking into careers and accounting seems like it's a lot of fun
Glad you found it interesting! Good luck!
More problems like this please....The way explained it was easy to understand....Great job....
Definitely coming soon! I have 11 other problems ready to go 😊
I wish you had done the whole packet 😍😂 reminds me why I love accounting, that was fun
I’m in grade 8 and your explaining even helped me to understand. The one thing I was a little confused about was how you got the 60% but after reading comments I understood. Thanks for the video!
Glad you got it!
I am a grade 10 students but I watch videos about what is accounting and because of your video you convince me more to get this course i love the way you explain 💕
sound explanation my dear is very true when somebody start their work and make mistake from the starting the entire work or transaction will wrong it happens to me a lot of time. Some time it driven me crazy, Thank God for you tube to open my mind and skills to. work on problems that will make you not to forget your skills. lovely explanations.
Please do more. It helped me understand better
I hope it's right hehe
Glad to know it helped :) I will definitely do some more.
This was extremely interesting I can't believe that was 20 minutes already! Great videos, great job!
Glad you enjoyed it!
I love how I actually understood this. You’re great at explaining ! Thank you. I am thinking about choosing accounting for my career and this actually sounds very interesting. I love math and problems like this.
Glad you enjoyed it! Good luck!!
Crazy thing is I have been a subbie for a super long time but never seen this video smh. I'm actually going back to school in January and just have been looking all over youtube for what to except and this video was very helpful. Thank you so much for sharing. I actually took a screen shot so I know how to see up a problem like this. Kinda reminds me of business math just on a different level.
I learned this just very recently and your explanation actually made me understand it better
Watching this video literally makes me want to do financial accounting because I love problem solving and I find it interesting how you're able to get all that information from just a few numbers and percentages given in the problem. I think I decided what my major is going to be now :)
Please do more videos like this!
I'm in class watching you're vid! Lol
*your*
I'm not in school and have not been in 2 years because I still don't know what I want to do as a career. But one thing I do know is that I love anything that involves some sort of finances or anything related to money and money solving.
I'm learning so much from your videos! Thanks!!
Thank you so much for sharing this. It was an insightful look into accounting homework.
Im a freshman in college and I’m pretty much leaning towards pursuing an accounting degree. You’re videos are amazing!!!
Glad you enjoy them! Good luck!!
Really well explanation @Sara Marie.
$500,000 may be the returns if I had to guess. I’ve been out of school for years (military) and plan on taking on accounting. I followed on with this pretty well. Feeling pretty good about studying accounting!
Great video! I don't understand why you divided the income tax expense by .4 to get the EBT. Is there some formula for the EBT that is income tax expenses divided by the tax rate %? Thank you! :)
Really enjoyed this video.Thanks Again. Fantastic
Binge watching your videos! Love this one! Accounting c/o 2020 :)
Can you do more of these? Like just a random question weekly, this video really helped me
damn the paper's so clean if im the one whos solving that, itd a mess.
anw, thank you so much for this!! i cant decide whether take nursing or accounting so this is a huge help! please make more vids like this.
Wow, TH-cam is getting better at recommending videos. Thank you for sharing this.
Please do many more of these! So helpful :)
Glad you found it helpful! More definitely coming soon!
THANKS FOR THIS VIDEO!!!! NEVER STOP
Thank you for this video, very helpful. ❤
can some explain how she got the .4 14:30
I'm so confused too, but i think it's because 60% of 100% leaves 40%. I could be wrong lol
I love the way you organized and broke down everything. I don’t have a lick of accounting experience and I was able to follow along (except I didn’t know some of the terminology..)
What classes did you have to take math-wise?
I’m glad it was easy to follow! The highest math that was required was calculus but it was a business oriented calculus
where did selling plus admin come from?
I love this kind of math I think I just found my new career
Great video. Do you have a video where you go through balancing marriage and parenting while studying? I have a 5 month old and find it difficult to study.
I love your video! ❤️I have question, I'm planning to major in accounting at college and was wondering what laptop or computer do you own that works for accounting?
Thanks! I have a MacBook laptop that I love using for school. Although it's a little pricey, I never have to worry about issues with viruses and I make sure to get the apple care so I know it's protected for 3 years. Hope that helps :)
Sara Marie really? I wanted one but when I searched "the best laptops for accounting" lol people were saying that macs don't work for accounting programs 😮 they said you need a windows that comes with Excel and since windows work with accounting programs
Sara Marie hm so do you think I will be able to get by with a mac?
I've always owned Apple computers and never had any issues. Excel works perfectly on Apple computers and you won't really learn accounting software until you're working as an accountant. Most schools don't teach accounting software because every company uses a different one. Hopefully that helps!
Sara Marie okay thank you so much! 😊
Hey so what would you rate the level of difficulty for this question? I feel like this is one of the easier types of questions and I’m surprised it’s something they would ask in a masters program. when I took accounting in school the classes were so damn difficult I was completely turned off from pursuing it. I did go to a top school (for accounting) though so that might contribute to it idk lol
May I know which school that was?
I really liked this example!
Bout to sit for FAR, drilling hours a day. Fun fun fun , I do tax and it’s nothing like the questions. Being a defective is what it’s like, but you also do stock plan excels for clients and tax deferral options. Fun
Thank you so much for this video!!!
This is helpful! Thank you so much 💞
Is selling and admin operating costs?
wow you make it look easy
is there a lot of essay or whatever writing assignment or task in your course? If there is, what kind of preparation should i do?
hi SARA i just wanna know what is the easiest way to learn IFRS?
i'm studying at accounting and i'm so confuse with adjustment journal. i would like to know some tips from you. by the way i'm a student at grades two of high school
I’ll definitely add this idea to my list 😊
+Sara Marie Thank you 💛
What do you do in accounting “in the real world” instead of problems like this? The same type of thing except with the company’s numbers?
As I mentioned in the video, this is definitely not what an accountant does in “real life”. This is a sample problem that I’ve had to do while in school. Because of confidentiality there’s not a ton I can show but I try to show as much as I can in my day in the life videos 😊
is this the hardest it gets? i followed this well but i'm scared that the problem solving will get harder
This was a pretty simple problem. The problems can definitely be more complicated or more involved!
@@SaraMarie do you have a link or video u could recommend for things with harder problem solving?
Wow this was very easy to me
I am 16 and I am at the point where in I have to choose what I want to be but I don't really know what I want. I am trying to search about Accounting/Accountancy because it's one of my options but what if I am not fond of analyzing? In school, I hate tests like problem solving. I'm including this in my options because of the advantages of being an accountant but the process is the problem(college tests and lessons). Do you think I would have a hard time in college especially since this is about analyzing?
Please do reply. 😭
I would definitely recommend taking an accounting course in high school if you can. Many of the problems I did in college were analyzing and problem solving. I got a good idea of what accounting courses would be like in my accounting course in high school!
How long do you usually spend doing homework?
Hi Sara. I have a question. I am a accounting student and I am looking for a good computer that I can use during school but will also be good working in the field. I love my macbook but I hate carrying it around. Any suggestions other than an apple?
That’s exciting! I’ve only used Apple so I unfortunately don’t have any other suggestions... but good luck with your search and with school!
Thank you and thanks for replying! Do you have any trouble with loading software or anything like that?
Tell me which accounting certificate will be best to study in canada
I am planning to take accountancy when i get to college but this confuse me. Is it hard?
This is definitely a tricky question. Your first couple classes will provide the basis for this.
the only thing i didn’t understand was how she got 40% as the tax rate, idk if it came from somewhere or if it was assumed
Thank you!!! Love it.
Continue doing more videos like this
fine explanation
Hey Sara, Ive been watching your videos for a long time now and the time has finally come for me to take intermediate accounting I, I will be taking it during this summer; which is a 6-week accelerated course. I was just curious on which planner you recommend for writing down like a study plan or how you plan ahead of time. I currently plan on reading the chapter first, attending class and asking questions, if I still don’t get it ask the TAs for help and of course practice on the homework and in class problems. Is there an additional tip for me? I know this class will be very intense. But I hope to give it my all. Thank you girl!
Sounds like your plan was exactly what I did! The only other thing I would recommend would be to find a study buddy to work on problems together. Just make sure to find someone who isn't going to slack off of depend too much on you. Good luck!!
wait so did you get the problem right? btw this was so satisfying to watch 😍😂
Yes! I did!
En pratique les donnés se présentent autrement.Ce cours est beaucoup plus théorique que pratique.tout de même merci.
Good work
Thanks!
Thank you!
Why can't it be a total of other expenses? Like a combination of depreciation interest or other losses
So is this for your MBA?
I want to switch my major accounting online. Is this realistic? Since covid I realized how much I loved online learning. But I was an education major before, just curious if anyone thinks this is realistic for someone of “average intelligence” lol (I wouldn’t say I’m advanced or super smart but I feel capable to learn but my family thinks accounting is for geniuses)
decided to go back to school for accounting after spending 4 years as a design major
Good luck to you! I'm thinking of starting my journey as well. Hopefully i stay motivated.
During an exam can you use a calculator
You get that CPA yet?
Working on it now!
How far along are you? If you don't mind me asking.
Whew I was also solving the problem and I was so nervous hahaha but yep we got same answer and I hope it's correct... 😂 ghad if I can't friggin solve this simple problem what'll happen to me in the actual CPA licensure exam I'll be friggin dead 😭😭😭😭
Haha 😆 I think it’s right! I double checked my answers with a class mate and we had the same answer but yeah the cpa will probably be much harder 🤦🏻♀️
What’s cpa
Certified Public Accountant
How is the tax rate 40% when you only subtracted 1 from 60%??? I'm so confused...
I can make it clearly for you. At this point, we'd know that 60% is After-tax rate (600,000dollars). So, 100% is the EARNINGS BEFORE INTEREST AND TAXES (EBIT) and 40% is the NET INCOME. First we must find out what EBIT(100%) is, so 600,000/0,4=1,500,000 dollars. Now we know that EBIT is 1,5 mil dollars. Furthermore, to find out what the net income is, so 40%=1,500,000-600,000=900,000 (100%-60%=40%), 900,000 dollars is the net income. However, in the video she indicated (1-0,6=0,4) 40% tax rate which it the appropriate way to do it (EBIT - income taxes = Net income), but don't get confused by that. Very late comment, but hope you get the point. :)
more accounting problems!
Hopefully soon!
I understood everything but how she got the 40% tax rate😕
So the formula is: (1 - %)
Remember when you subtract a % from a whole number, you move the decimal twice to the left. The after tax rate was 60% so that makes it 0.6
And then you minus 1-.6= .4 = 40% tax rate.
You treat 1 - 0.6 like 10 - 6.
Hope this helps 😺
more vids
New viewer
Is accounting really so simple like this,???or is this a myth
Clutch!
Im confuse why it's (1-.4)=.6 but i get the first that 1-T= percent but im really confused why its .4 or 4 percent???? Someone can explain it more please?? Than you
By the way i love ur vid. Hehehe its helpful
Yang Skie if you look at it like an algebraic equation, you will see (1- x)=.6, basically it’s 1 minus what gives you .6
So the answer is .4, you can check that it’s correct by simply adding .4 and .6 together to get 1
Emily Fiaretti sorry i can't still get it😣😣 6+4 is 10 is that equivalent of 60 percent
By the way thank you so much 😚😚
Yang Skie 6+4 is 10. But she’s using decimals. 0.6 + 0.4 is 1
When you work with percents you change them into decimals so that you can add them correctly. So the 60% will turn into 0.6
Emily Fiaretti wow thank you so much . I understand it now😍😍😍
Yang Skie you’re welcome
I'm an A Level student and the questions look extremely easy😂😂
These are extremely easy. They’re MBA level accounting questions so definitely not a normal accounting question.
It's not that hard once you practice it.
painful