Search results
Results from the WOW.Com Content Network
Under a physical concept of capital, such as operating capability, capital is regarded as the productive capacity of the entity based on, for example, units of output per day. [4] Par 103 The selection of the appropriate concept of capital by an entity should be based on the needs of the users of its financial statements. Thus, a financial ...
Porter's wages is an accounting method used in commercial real estate to calculate inflation of certain recoverable expenses.. The term "porters" normally refers to people who carry objects, like bellhops in hotels, but for historical reasons in the United States it also came to cover the cleaning and maintenance staff as they were represented by the same unions.
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Incentive Fee Contract (FPIF) is a "type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets the defined performance criteria".
The Target Fee varies between the Minimum Fee and the Maximum Fee according to a formula tied to the Actual Cost (e.g. Target Fee could be 10% of the Actual Cost). Sharing Ratio : the agreed upon cost sharing proportion, normally expressed in percentage (e.g. 85% for the client / 15% for the contractor).
When paying a worker, employers can use various methods and combinations of methods. [2] Some of the most prevalent methods are: wage by the hour (known as "time work"); annual salary; salary plus commission (common in sales jobs); base salary or hourly wages plus gratuities (common in service industries); salary plus a possible bonus (used for some managerial or executive positions); salary ...
The earliest such unit of time, still frequently used, is the day of work. The invention of clocks coincided with the elaborating of subdivisions of time for work, of which the hour became the most common, underlying the concept of an hourly wage. [2] [3] Wages were paid in the Middle Kingdom of ancient Egypt, [4] ancient Greece, [5] and ...
In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
Labor burden is the actual cost of a company to have an employee, in addition to wages that the employee earns. Labor burden costs include benefits that a company pays for employees that are included on their payroll, including payroll taxes, pension costs, workers compensation, health and dental insurance, and the cost of any other benefits that a company provides an employee.