What Is a Lessor?

A lessor is a person who owns property and leases it to another person. The lessee is the person who pays the lessor for the use of the property. What is the most common lease term for an apartment? The most common lease term for an apartment is one year. What are the 3 main … Read more

Understanding the Departmental Overhead Rate.

The term “Departmental Overhead Rate” (DOR) is used to describe the relationship between the overhead costs incurred by a department and the revenue generated by that department. The DOR is typically expressed as a percentage and is used to help managers understand the financial impact of their department’s overhead costs. The DOR can be used … Read more