A sunk cost refers to money that has already been spent and cannot be recovered. A manufacturing firm, for example, may have several sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory. Sunk costs are excluded from a sell-or-process-further decision,...
Business owners have myriad responsibilities such as the day-to-day operations of the company, staffing issues, customer complaints, inventory, advertising and other concerns. Hiring a CPA firm allows them to take at least one part of their company responsibilities off their shoulders and outsource ...
buying bonds through a middleman, as you would with a brokerage firm. Most bonds, except forI bonds, can be purchased elsewhere, however you can’t sell a bond before maturity that you purchased through TreasuryDirect without transferring it to a broker — a process that can take several ...
4. D) It is offering a big reward to anyone who helps.5. B) Help people connect with each other.6. C) It does not use volunteers.7. D) They will find they have something in common.8. C) Preparations for Saturday’...
The authors cited online retailer Zappos as exemplifying a culture of enjoyment, the grocery chain Whole Foods as a culture of purpose and Disney as one of caring. Meanwhile, financial firm Lloyd's of London maintains a culture of safety, and pharmaceutical company GSK has a results-oriented ...
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Consultations may carry a charge, depending on the facts...
Discover the benefits and considerations of a discretionary account, tailored for investors seeking expert portfolio management and efficiency.
(law) To state under a solemn promise to tell the truth which is considered legally equivalent to an oath, especially of those who have religious or other moral objections to swearing oaths; also solemnly affirm. Confirm To make firm or firmer; to add strength to; to establish; as, health...
Lastly, a covenant can be tied to a specific numerical metric. This metric is often financial and may be a single number or calculation to derive a certain ratio for value. A financial covenant is often monitored closely over time as it is the most likely covenant to suddenly change. The ...
You can analyze a company's leverage by calculating its ratio of debt to assets. This ratio indicates how much debt it uses to generate its assets. A company has relied on leverage to finance its assets if the debt ratio is high. A ratio of 1.0 means that the company has $1 of debt...