have a fundamental worth, and it can be quite different from the price quoted in the market, which is based on the manic-depressive ups and downs of a character Benjamin Graham called “Mr. Market.” On any given day, Mr. Market can be exuberant or despondent, and he quotes prices for...
Credit for initially formulating the theory of profit-and-loss accounting belongs to V. I. Lenin. In his words, “the conversion of state enterprises to what is called the profit basis is inevitably and inseparably connected with the New Economic Policy; in the near future this is bound to...
Current Cost Accounting: Implications for the Definition and Measurement of Corporate Income Section 5 considers the definition of distributable profit in relation to the need to maintain capital, considering the concept of gain, the system of ... J Walton - 《Review of Income & Wealth》 被引量...
This paper applies Eugene Nida's Functional Equivalence Theory to interpret the characteristics of the engineering contracts in their translation from syntactic and lexical levels. According to the experience in the translation of engineering contracts, the author summarizes the key points of engineering c...
Most academics today subscribe to the following modified version of Adam Smith's theory: A firm's principal goal should be to maximize the wealth of its stockholders, which means maximizing the value of its stock. Free enterprise is still the best economic system for the country as a whole....
class can profit only by trading with investors, to whom they can sell only for income; therefore in the end all prices depend on someone’s estimate of future income. For this reason we shall define an investor as a buyer interested in dividends, or coupons and principal, and a spe......
Theory of profit maximization: How could the profit increase when the marginal cost of producing also keeps increasing? Marginal Cost: Marginal cost is defined as the changes made to the total cost due to the production of additional units of the ...
Initially,we all laughed about the profit and loss theory of fluid balance.Subsequently,we realize that even simple and day-to-day concepts like fluid balance could play a significant role in the battery of unnecessary investigations,delays in diagnosis,treatment,cost,and mortality (like in this ...
Whenever accounting is discussed it involves dealing with concepts like revenue, cost, depreciation and profit. The question raised in this paper is in what sense do those phenomena that accounting concepts refer to actually exist. Therefore, the underlying assumptions about the existence of reality ...
On the other hand, variable costs can change as a result of business circumstances, for example, the level of output or the number of hours in overtime pay. Variable costs can be more difficult to quantify because they are less predictable and yet have a direct impact on profit margins. ...