In essence, time and a half is a term related to overtime pay. It refers to the extra payment that you owe to your employees for any hours they have worked above the 40-hour week. The standard overtime pay is time and a half the regular hourly payment. Time and a half refers to a […]
Further quality of assets cannot be directly determined using the balance sheet alone. The balance sheet is often considered the most important of the three statements, as it can be used to determine the health and durability of a business. For example, when doing credit analysis, a lender studies the strength of the balance sheet […]
Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate. Now that you’ve got a handle on how the rule of 72 works, let’s …
Like the first accounting year, the depreciation expense recorded in the last year also needs to be adjusted by the time factor to ensure that the asset is not depreciated above its depreciable cost or after its sale. There are a lot of reasons businesses choose to use the straight line depreciation method. Business owners […]
If you want to check the accuracy of your computation, you can use the straight line depreciation calculator. Depreciation calculation methods like Percentage (Declining balance) are more useful as accelerated measures of depreciation, learn more about it here. Let’s learn how the straight-line depreciation method calculator can benefit …
Its total annual interest expense will be (4% X $10 million) + (6% X $10 million), or $1 million annually. A higher ratio suggests that the company is more likely to be able to meet its interest obligations, reducing the risk of default. We will also provide examples to clarify the formula for the times […]