von thomas | Sep 23, 2023 | Bookkeeping
Determining the amount of workers in your organization and the amount of time they work is crucial for budgeting, benefits administration and legal purposes. That said, full-time equivalent (FTE) is a metric used to determine the total number of full-time workers that...
von thomas | Sep 14, 2023 | Bookkeeping
The coefficient of determination shows how correlated one dependent and one independent variable are. The coefficient of determination is the square of the correlation coefficient, also known as „r“ in statistics. However, it is not always the case that a...
von thomas | Jul 18, 2023 | Bookkeeping
Sales taxes can be added to receipts, estimates, and invoices. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and...
von thomas | Mrz 30, 2023 | Bookkeeping
A positive value of direct labor efficiency variance is obtained when the standard direct labor hours allowed exceeds the actual direct labor hours used. A negative value of direct labor efficiency variance means that excess direct labor hours have been used in...
von thomas | Dez 29, 2022 | Bookkeeping
Accounts Payable ($500), Unearned Revenue ($4,000), Common Stock ($20,000), and Service Revenue ($9,500) all have credit final balances in their T-accounts. A trial balance can help a company detect some types of errors and make adjustments to the trial balance and...
von thomas | Sep 26, 2022 | Bookkeeping
Stockholders‘ equity (SHE) and total assets are both found in a company’s balance sheet. If a company sold all of its assets for cash and paid off all of its liabilities, any remaining cash equals the firm’s equity. A company’s...