The higher the effective annual interest rate is, the better it is for savers/investors, but worse for borrowers. When comparing interest rates on a deposit or a loan, consumers should pay attention to the effective annual interest rate and not the headline-grabbing nominal interest rate. Suppose, for instance, you have two loans, and each has…

A favorable variance means that the actual variable cost incurred per hour of work was less than expected. If so, the reference to those administrative costs varies according to the level of business activity. This could be for many reasons, and the production supervisor would need to https://accounting-services.net/fixed-overhead-spending-variance-accountingtools/ determine where the variable cost difference is…

He joined e GO in 2014 and ever since has been following the many changes to the Ontario ESA rules. He enjoys working closely with each of our customers to ensure their employees are paid accurately. When not wrangling spreadsheets, Sam can be found sailing and mountain biking with friends. However, you will still have…