BILLS OF EXCHANGE: Definition, Types, and Uses
Payments are essential in any business. However, as anyone who has chased an invoice knows, getting paid isn’t…
Credit Card Skimming
Credit card skimming isn’t new. It’s been here for a while and while the skimmers have gotten bolder,…
STANDARD COST: Definition, Benefits, and Limitations
Standard cost accounting can be a very useful technique for managers trying to build a more realistic budget.…
DETERMINANTS OF SUPPLY: Meaning and Examples
Demand and Supply are two pillars of business economics. We already know that demand is the quantity of…
PRE MONEY VALUATION: Definition and How to Calculate
All VC agreements are based on pre-money values. They are the critical number on which all parties must…
INTERIM FINANCIAL STATEMENTS: How To Create The Reports(+Examples)
Your company’s financial statements are a report card on how well it is doing. Without them, you’re left…
TIME DEPOSIT ACCOUNTS: Definition, Types, and Interest Rates
Time deposit accounts are excellent for storing funds and may provide better annual percentage yields (APYs) than traditional…
CONTRIBUTION INCOME STATEMENT: Format and Examples
One of the processes that any business must go through is the preparation of an income statement. This…
EQUITY MULTIPLIER: Definition, Formula, and Calculations
The equity multiplier, like all liquidity and financial leverage ratios, indicates the company’s risk to creditors. Companies that…
SOLVENCY RATIO: Definition, Examples and Formulas
The solvency ratio is used to assess a company’s ability to pay its long-term liabilities, such as debt…