I majored in Accounting because of my wife! [Video]

Embarking on the journey of starting and launching your own company is akin to setting sail on uncharted waters. It's a thrilling adventure filled with endless possibilities, but it also demands meticulous planning, unwavering determination, and the ability to navigate through storms. Whether you're driven by a groundbreaking idea, a passion you're eager to share with the world, or the desire to carve your own path in the business world, the process of entrepreneurship is both exhilarating and challenging. In this video, we'll delve into the intricacies of starting and launching your own company, offering detailed insights and practical advice to help you navigate every step of the way.

This tutorial covers everything there is to know about Quick Ratio, including its meaning, formulas, calculations, and interpretations. You will also learn how to calculate Quick Ratio in Excel using the Colgate Case Study.You can download the Colgate Quick Ratio template from this link - https://www.wallstreetmojo.com/ratio-analysis-template/What is a Quick Ratio?--------------------------------------------The quick ratio, also known as the acid test ratio, measures a company's ability to repay short-term debts using its most liquid assets. It is calculated by adding the company's total cash and equivalents, accounts receivable, and marketable investments and then dividing it by its total current liabilities.Formula--------------------------------------------Quick ratio Formula = Quick assets / Quick Liabilities= (Cash and Cash Equivalents + Accounts receivables) / (Current liabilities – Bank overdraft)Interpretation of Quick Ratio--------------------------------------------- A quick ratio greater than 1 indicates that the company has sufficient quick assets to cover its current liabilities.- A company with a quick ratio of 1 means that its quick assets are equal to its current assets.- A low quick ratio indicates that the firm's liquidity position is poor.- However, the 1: 1 rule should not be followed blindly. For example, a company in an industry with a short operating cycle does not generally require a high quick ratio.Links to Ratio Analysis Tutorials--------------------------------------------- Part 1 - Ratio Analysis - https://www.youtube.com/watch?v=yPUb6PsVvLA&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y- Part 2 - Vertical Analysis - https://www.youtube.com/watch?v=7CX4F2Adubs&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=2- Part 3 - Horizontal Analysis - https://www.youtube.com/watch?v=4iOpN1zI0ag&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=3- Part 4 - Trend Analysis - https://www.youtube.com/watch?v=VLHrsLp0Jj8&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=4- Part 5 - Current Ratio - https://www.youtube.com/watch?v=rTGzy4vNRmg&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=5Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

A detailed walkthrough the basics of the balance sheet including:1. The main Accounting Equation2. Current vs. non-current Assets & Liabilities 3. What is considered "Cash & Cash Equivalents"4. Deferred Revenue5. How to prepare the Balance SheetMy video on Connection Between The 3 Financial Statements: https://youtu.be/JgqUGROnFOUMy video on Accounting for Cryptocurrency: https://youtu.be/LrU9ThtRvFIMy video on How to analyze the Balance Sheet like a CFO: https://youtu.be/DMv9JC_K37YMy video on Revenue Recognition: https://youtu.be/CnlKAvu6qdIMy video on US GAAP: https://youtu.be/Yy2y_tfqKdcMy Best-Selling Products:Get My “Night Before the Accounting Interview Guide” including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels📈 Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)https://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outMy Recommended Products (I will only share what I love ❤ here)⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books 📚+🧠=💥⚪️ Auditing: https://amzn.to/361wJhZ⚪️ Forensic Accounting: https://amzn.to/2G6t9bo⚪️ Introduction to Finance: https://amzn.to/2ExgUEA⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4---------------------------------------------------------------------Hang Out with me on social media:📱https://www.tiktok.com/@thefinancialcontroller🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666📸 https://www.instagram.com/the_financial_controller/DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice

Embarking on the journey of starting and funding your own business is akin to setting sail on uncharted waters. It's a thrilling yet daunting endeavor that demands a blend of creativity, strategy, and financial acumen. In today's dynamic business landscape, where innovation and disruption reign supreme, the allure of entrepreneurship beckons individuals eager to carve their own path and leave a mark on the world. However, navigating the complexities of business ownership requires careful planning, unwavering commitment, and access to adequate funding. This guide aims to illuminate the path ahead, offering a roadmap for aspiring entrepreneurs to transform their vision into a tangible business reality.