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An economic system is a set of institutions and mechanisms that a society uses to allocate its resources and goods, and to produce, distribute, and consume goods and services. What is an Economic System? An Economic system is a means…
You are free to use this image on your site, template etc. Just provide us the attribution link What is Prepaid Expense? Prepaid expenses represent expenditures that have been paid for in advance but not yet recorded as expenses. These are…
EBITA or Earning before Interest tax and amortisation is often considered the surrogate for a companys earnings. Yes, you heard it right!
The bargaining power of suppliers means, the pressure that suppliers can put on buyers by changing their prices, reducing the supply or dropping the quality As you might have noticed, I have explained this using the current inflation problem in…
Cash and cash equivalents, is a line item in the balance sheet of a company signifying either cash in bank or very short term investments. What are Cash Equivalents? Cash & cash Equivalents are investment securities that are made for…
What is a Six-Figure Salary? In the corporate world, there is a thing known as the six-figure salary. A six-figure salary means getting a salary that is at least $100,000. Individuals who earn less than that, but are earning at…
Utility expenses, as the word suggests, are expenses related to basic amenities associated with running an establishment or a home. For e.g., electricity, fuel, phone or water. Now you may think that’s correct, but how do we categorize them in…
What is Empirical Probability? Empirical Probability is also known as experimental probability. Empirical probability refers to a probability that is based on historical data. In simpler words, empirical probability illustrates the likelihood of an event occurring based on historical data.e…
Non-monetary assets are assets that have value but cannot be converted into cash or money. What are Non-Monetary Assets? Non-monetary assets are the assets a company has whose exact monetary value cannot be determined precisely. The value of these assets…
One recent example of types of mergers is, between Brookfield Asset Management and Oaktree Capital Group. The deal, announced in September 2021, would combine two of the world’s largest alternative asset managers with a combined $475 billion in assets under…
Contribution analysis is a method used to determine the profitability of different products, services, or business units within a company. The goal of contribution analysis is to identify which products or services are generating the most profit and which are…
So, cash ratio is like the strongest measure to to check a company’s liquidity position and is calculated by dividing cash & equivalents like liquid investments to the current liabilities of the company. The higher the ratio, the better the…
