Unearned revenueis money received or paid to a company for a product or service that has yet to be delivered or provided. Unearned revenue is listed as a current liability because it's a type of debt owed to the customer. Once the service or product has been provided, the unearned revenue...
While Account Payable refers to how much a business owes,Accounts Receivable(AR) encompasses the money owed to the business. It refers to the money that is expected from customers but has not yet been paid. Like Accounts Payable, AR could refer to the department responsible for this money. ...
Money in your savings account is considered cash, while the funds in your money market accounts or government bonds are cash equivalents. Generally, cash and cash equivalents don’t change much in value. For instance, the value ofinventorymay fluctuate wildly, but short-term treasury bills tend...
What is a Treasury bond? Treasury bonds, often referred to as T-bonds, are long-term loans made to the U.S. government. When you buy a Treasury bond, you’re essentially lending money to the federal government. In return, the government agrees to pay you a fixed rate of interest every...
Not only do people save time and money by not having to travel to the store, but they also get to try new items that they may not have purchased on their own. Take Snack Crate, for example, where I can purchase boxes of snacks from around the world. With this subscription, I have ...
What are the benefits of budget billing? Overall, there’s a fairly straightforward answer to what budget billing is, and the benefits are clear, too. While it doesn’tsave you moneyper se, it may allow you to more easily manage your monthly budget. ...
10. What is the woman doing? A. Giving a lecture. B. Hosting a program. C. Chairing a meeting. 11. What made Robert want to become an astronomer? A. His parents' encouragement. B. His experiences in big cities. C. His curiosity about the stars. ...
What is a balance transfer credit card? A card with a balance transfer offer may help you get out of debt quicker and avoid taking out a personal loan. A balance transfer provides a way to move high-interest credit debt to a credit card with a lower interest rate, saving you money on...
Late payment periods (1-2 months of non-payments) If you've only missed a couple of mortgage payments, your loan provider will likely give you a call or send a letter to request the funds. Its chief interest is in getting the money, so the lender will likely be willing to work with...
Accounts payable is the amount of money you owe to suppliers or vendors for purchasing products or services, and it is What Is an EDI Payment? Difference Between EDI, ACH, and EFT What Is an EDI Payment? EDI stands for Electronic Data Interchange. EDI Payments refer to a system that ...