Saturday, 17 March 2012

Accounting Coach

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  • Nonmanufacturing Overhead

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  • Payroll Accounting

  • Present Value of a Single Amount

  • Present Value of an Ordinary Annuity

  • Standard Costing

  • Statement of Cash Flows

  • Stockholders' Equity



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    Latest Accounting Questions Answered



    03/15What does a bookkeeper do?
    A bookkeeper is responsible for processing the paperwork for a company's business transactions. Ultimately the transactions will be recorded in accounts within the company's genera..
    03/13Why is an increase in inventory shown as a negative amount in the statement of c..
    An increase in inventory indicates that a company has purchased more goods than it has sold. Increasing inventory requires a cash outflow. Cash outflows have a negative effect on t..
    03/08What is a basis point?
    A basis point is a hundredth (1/100) of a percentage point. Expressed another way, one percentage point is equal to 100 basis points. This means that if an interest rate drops by 1..
    03/05What is the self-employed person's FICA tax rate for 2012?
    The self-employed person's FICA tax rate for 2012 consists of 1) the Social Security tax rate of 10.4% (employee rate of 4.2% + employer rate of 6.2%) of the first $110,100 of net ..
    03/02What is the employer's FICA tax rate for 2012?
    The employer's FICA tax rate for 2012 consists of 1) the Social Security tax rate of 6.2% of each employee's first $110,100 of wages, salaries, etc., and 2) the Medicare tax of 1.4..
    03/01What is the employee's FICA tax rate for 2012?
    The employee's FICA tax rate for 2012 consists of 1) the Social Security tax rate of 4.2% of the first $110,100 of wages, salaries, etc., and 2) the Medicare tax of 1.45% of all wa..
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