Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.
Goodwill is considered an intangible asset on the acquirer's balance sheet. It's reviewed from time to time and can be written up or down. It's important to note that goodwill can be recorded at the time of an acquisition, but it isn't technically an expense like other forms of costs...
What is an example of accounts receivable? An example of an accounts receivable is when a company sells products to a customer on credit terms, and the customer is expected to pay within a specified period, such as 30 days. What is the difference between AR and AP?
Two-thirds of the population are covered by medical insurance. Doctors charge as much astheywant knowing that the insurance company will pay the bill. The medical profession has as a result become America"s new big businessmen. The average income of doctors has now reached $ 100,000 a year...
There can be crossover between WIP and finished goods, depending on the inventory’s intended purpose. For example, while external car paneling is considered WIP within a factory that intends to install it in a vehicle, it can also be viewed as a finished good if it’s destined to be sol...
What is local advertising? Local advertising is the process of advertising a business such as a brick-and-mortar store or manufacturing or distribution hub close to its physical location. It is the promotion part of local marketing, which more broadly includes product, price, placement, and pr...
(n) “what3words IP” is as defined in Clause 4.1; (o) “what3words Map” means the free tool available at https://map.what3words.com/ which allows you to discover, search for and share 3 Word Addresses; (p) “what3words Products” means the Website, the Apps, the what3words ...
Most current SLTE pays too little attention to the question “What are we doing?”, and the follow-up question “Is what we’re doing effective?”. The assumption that students will learn what they’re taught is left unchallenged, and those delivering SLTE concentrate either on coping with...
An illuminating conversation on Big Tech with the co-hosts of the Pivot podcast, Kara Swisher and Scott Galloway.
A good way to understand how the accounts receivable turnover ratio works is to look at some examples. If a business has $1,000 worth of credit sales and an average value of accounts receivable for the accounting period of $500, the accounts receivable turnover ratio will equal 2 ($1000...