How would this unforeseen pay cut affect United’s direct labor rate variance? The direct labor rate variance would likely be favorable, perhaps totaling close to $620,000,000, depending on how much of these savings management anticipated when t... Read more
With training and experience, professional bookkeepers can help ensure you’re generating accurate financial reports and data. Likewise, bookkeepers also help businesses keep track of their accounts receivable. Let’s say your HVAC company ... Read more
A credit memorandum attached to the Vector Management Group's bank statement describes the bank's collection of a $1,500 note receivable along with $90 in interest. The bank deducted $25 for this service, so the automatic deposit was for $1,565. The ... Read more
Investors who want a higher coupon rate will have to pay extra for the bond in order to entice the original owner to sell. The increased price will bring the bond’s total yield down to 4% for new investors because they will have to pay an amoun... Read more
Thus, Schultz will repay $31,470 more than was borrowed ($140,000 – $108,530). Component For Working CapitalMajor components of working capital are its current assets and current liabilities, and the difference between them makes up the working capit... Read more
The bonds are embedded with a call option giving the issuer the right to "call" or buy back the bonds. The prospectus of the bond issue can provide details of the callable feature including the timing in which the bonds can be called, specific price ... Read more
And when the bond will mature, you will get $102,500 (face value + the last 6 months’ interest). Steven Nickolas is a freelance writer and has 10+ years of experience working as a consultant to retail and institutional investors. The offers tha... Read more
It would also specify the correct order of steps needed to cut the wood, assemble the casing, and paint it. Finally, the bill of materials would specify the labor and machine requirements for that step of the assembly. We searched and searched, but w... Read more
This method only works if you consistently all products are marked up by the same percentage. This means that if there are a series of discounts for stock clearance after the main selling season, it can change the outcome of this calculation. Warnerw... Read more
The bank statement contains interest income of $30. The goal is to get your ending bank balance and ending G/L balance to match. In this guide, we’ll explain exactly why doing a bank reconciliation is so important, and give you step-by-step ins... Read more
