Upon the debtor's default, what rights does the creditor have to the collateral? Explain. What are the prospects of an insolvency professional as a CA? What is the journal entry for making provision for the creditors? What if I owe a debt, and I can pay it in full,...
What does working capital mean? Working capital is the difference between a business’s current assets (e.g., cash, accounts receivable, and inventories) and current liabilities (e.g., accounts payable and short-term debt). It’s an essential financial metric that helps ensure a company has...
What does foreclosure mean? How long does the foreclosure process take? When is it too late to stop foreclosure? Bottom line Foreclosure is the process by which a lender repossesses a property for lack of payment. The best way to avoid foreclosure is to talk to your lender as soon as you...
What is the "opportunity cost"? Give an example. What are the opportunity costs involved in the decisions made by a business leader? A) What is the value of a firm? B) What does "value of the firm before its profits are distributed" mean?
DDP is an incoterm, or international commercial term, that defines the delivery of goods from a seller to a buyer. But first, what does incoterm mean? Incoterms are a set of internationally recognised trade termsand a set of rules used in international transactions. Theydefine the responsibili...
What Does Cost Principle Mean? Contents[show] The cost principle states thatcostis recorded at the price actually paid for an item. For example, when a retailer purchases inventory from a vendor, it records the purchase at the cash price that was actually paid. The cost is equal to the amo...
In accounting, the term cost can mean the cash or cash equivalent amount a company paid to acquire an asset or the amount of an expense it incurred. A manufacturer’s product cost is the cost of the product’s materials, labor, and manufacturing overhead. Some manufacturers use standard co...
Menu costs are a type of transaction cost incurred by firms when they change their prices. Menu costs are onemicroeconomicexplanation offered byNew Keynesianeconomists for macroeconomicprice-stickiness, which may cause an economy to fail to adjust to changing macroeconomic conditions. Key Takeaways Menu...
What Does Taxable Income Mean? The term taxable income refers to any gross income earned that is used to calculate the amount of tax you owe. Put simply, it is your adjusted gross income less any deductions. This includes any wages, tips, salaries, and bonuses from employers. Investment and...
Rheumatoid arthritis: what does it cost and what factors are driving those costs? Results of a survey in a community-derived population in Malmo, Sweden. Rheumatoid arthritis: what does it cost and what factors are driving those costs? Results of a survey in a community-derived population in ...