People who are switching from an hourly wage to an annual salary often want to do the math to determine their new hourly rate. The math involved to accomplish this is relatively simple. Finding the exact numbers to put into the calculations is not a... More>
In a broad context, prudence is a virtuous principle that brings to mind careful consideration and foresight—among other things. In terms of economics or accounting, prudence is a fundamental principle that facilitates estimation in an uncerta... More>
Pure and simple facts dictate that a business plan should include the owners salary as an operating cost and anything less is robbing the business of an accurate account of what is really going on. The notion that things will work themselves out and... More>
Just what do they mean by ‘cost of living’ and what goes into the calculation? For most calculations, food, housing, apparel, transportation, medical care and the other components of daily life are figured into the calculations. Since th... More>
Asking Your Boss for a Raise: Five Steps You Should Take to Request a Higher Salary If you're like most employees, you probably feel you are underpaid. In fact, according to an August 2008 Gallup poll, approximately 51 percent of working Americans f... More>
The best way to put a concrete dollar value on a job offer is not simply to consider the salary offered but to account for employee benefits as well. Total compensation is the dollar amount calculated to represent this combination of salary and bene... More>
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