por leonardo | set 21, 2023 | Bookkeeping
Our next step is to find out how the y value of each data point differs from the mean y value of all the data points. In particular we need to compute the sum of the squares of these differences to the right of the equals sign, as shown below. When an asset’s r2...
por leonardo | jul 25, 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...
por leonardo | abr 7, 2023 | Bookkeeping
The total variable overhead cost variance is also found by combining the variable overhead rate variance and the variable overhead efficiency variance. By showing the total variable overhead cost variance as the sum of the two components, management can better analyze...
por leonardo | jan 9, 2023 | Bookkeeping
You will notice that the sum of the asset account balances equals the sum of the liability and equity account balances at $80,875. The final debit or credit balance in each account is transferred to the adjusted trial balance, the same way the general ledger...
por leonardo | set 28, 2022 | Bookkeeping
In a situation when the ROE is negative because of negative shareholder equity, the higher the negative ROE, the better. This is so because it would mean profits are that much higher, indicating possible long-term financial viability for the company. A D/E ratio of...
por leonardo | jul 12, 2022 | Bookkeeping
Although this is the time of the year when they have the chance to boost their revenue, it isn’t as easy as presumed. Tax preparation can be demanding, and accounting firm owners must be well-versed with the prospect of always being pressed for time. Working long...
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