Bill Kimball

Bill Kimball
Bill Kimball has over thirteen years of experience in public accounting and provides audit and assurance services to both public and private businesses in a variety of industries including petrochemical, healthcare, hospitality, restaurants, not-for-profit, settlement trusts and employee benefit plans.
Independent & Dependent Variables With Examples

Independent & Dependent Variables With Examples

September 26, 2024

A change in the independent variable directly causes a change in the dependent variable. It should be noted that in some experiments there are other variables present apart from the independent and the dependent variables. Extraneous variables, for example, are the variables that also have an impact on the relationship between the independent …

Treasury Stock Method: Definition, Formula, Example

Treasury Stock Method: Definition, Formula, Example

September 26, 2024

The founder and CEO, Henry Singleton, used treasury stock very well during his tenure. He increased the true value of the stock for long-term owners who stuck with the firm. Take as an example Upbeat Musical Instruments Co., which trades in the market at $30 per share. The company currently has 10 million shares outstanding […]

Correlation Coefficient Definition, Formula, Properties, Examples

Correlation Coefficient Definition, Formula, Properties, Examples

September 26, 2024

In fact, it’s important to remember that relying exclusively on the correlation coefficient can be misleading—particularly in situations involving curvilinear relationships or extreme outliers. In the scatterplots below, we are reminded that a correlation coefficient of zero or near zero does not necessarily mean that there is no …

Tax Liability: Definition, Calculation, and Example

Tax Liability: Definition, Calculation, and Example

September 26, 2024

Taxes are incredibly complex, so we may not have been able to answer your question in the article. Get $30 off a tax consultation with a licensed CPA or EA, and we’ll be sure to provide you with a robust, bespoke answer to whatever tax problems you may have. Get started with Taxfyle today, and […]

What Is Residual Value & How to Calculate It?

What Is Residual Value & How to Calculate It?

September 25, 2024

Suppose a company acquires a new software program to track sales orders internally. This software has an initial value of $10,000 and a useful life of five years. To calculate yearly amortization for accounting purposes, the owner needs the software’s residual value, or what it is worth at the end of the five years. Management […]

R Squared Definition, Formula & How to Calculate

R Squared Definition, Formula & How to Calculate

September 25, 2024

In the case of logistic regression, usually fit by maximum likelihood, there are several choices of pseudo-R2. The same can be applied to a stock vs. the S&P 500 Index or any other relevant index. R Squared value is a square value, so it can never be negative but it may be zero. Can R-squared […]