Copper smelting Lumber products used for paper or furniture Weight/bulk are lost in processing/manufacturing; therefore the industry locates close to the ...

Business owners should not use a business bank account for personal use. It’s a bad practice that can lead to other issues, including legal, operational a...

The payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. For exampl...

A change in demand affects your sales and impacts your variable costs. As your sales grow, your variable costs increase. As your sales fall, your variable...

GAAP helps maintain the relevancy of the information provided in the financial statement. The reason why flexibility or creativity should not be allowed i...

Basis is generally the amount of your capital investment in property for tax purposes. Use your basis to figure depreciation, amortization, depletion, cas...

A current Asset is any asset that will provide an economic benefit for or within one year. Office supplies are generally recorded under the current assets...

To discount projected cash flows, you use a discount rate. The discount rate is used for two reasons: It tells you the required rate of return on your inv...

Conventional Surety Bond Collateral The financial institution issues the letter in favor of the surety bond company. The amount of ILOC required by the su...

Returns outwards are goods returned by the customer to the supplier. A debit (reduction) in revenue in the amount credited back to the customer. Is return...