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Category Archives: Bookkeeping
On this balance sheet excerpt, you can see where you would pull the accounts receivable number from. Inventory turnover is a measure of how efficiently a company can control its merchandise, so it is important to have a high turn. This shows the company does not overspend by buying too much inventory and wastes resources […]
Coefficient of determination, in statistics, R2 (or r2), a measure that assesses the ability of a model to predict or explain an outcome in the linear regression setting. More specifically, R2 indicates the proportion of the variance in the dependent variable (Y) that is predicted or explained by linear regression and the predictor variable (X, […]
