29 November 2024

How to calculate stockholders’ equity

Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a […]
13 September 2024

Why do bankers use M instead of K? TheStory Behind the MM Convention

I was told my rate would be $2M per year to deliver $1MM in protection. If you see “one quintillion,” you know that it’s a lot […]
31 July 2024

Contribution Margin Ratio: Definition, Formula, and Example

You work it out by dividing your contribution margin by the number of hours worked on any given machine. So, for example, you could calculate contribution […]
11 July 2024

10 7 Direct Labor Variances Financial and Managerial Accounting

As with direct materials, the price and quantity variances add up to the total direct labor variance. Usually, direct labor rate variance does not occur due […]
24 April 2024

Direct Materials Usage Variance

Thus sales volume variance might not be actionable enough on its own for a multi-product firm. The how to treat standard costing variances diagram used in […]
16 February 2024

Accounting Software Built for Consulting

Our team came to the conclusion that if we could match small businesses with advisors based on all of the top attributes, then it would be […]
17 January 2024

Accounting Software for Small Businesses

The software offers a variety of features, including invoicing, tracking expenses and creating financial reports. Xero also integrates with other business applications, such as payroll and […]
18 December 2023

Understanding an Income Statement Definition and Examples Bench Accounting

Learn more about Bench, our mission, and the dedicated team behind your financial success. Ask a question about your financial situation providing as much detail as […]
25 October 2023

Best Accounting Software for Small Businesses of 2024

Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. Strong feature set includes thorough record-keeping, invoicing and advanced […]