Penny Alba

Introduction What are the selling costs? Selling expenses are the costs incurred by an organization's sales department to sell the company's products or provide services;...

Introduction What is a “statement of retained earnings”? The statement reconciles opening and closing retained earnings for the period, using information such as net earnings...

Introduction The seven wastes are transportation, inventory, moving, waiting, overproduction, overprocessing, and defects. They are usually referred to by the acronym 'TIMWOOD'. The 8 types of...

Introduction Acronym Definition SG Singapore SG Stargate (TV broadcast) SG Shooting Guard (basketball) SG Secretary General 79 degrees plus... Singapore (/ˈsɪŋ(É¡)É™pÉ”Ër/ (listen)), officially the Republic of...

Introduction Synonyms of income statement include income statement, statement of operations, profit and loss account, statement of profit and loss, income statement, statement of financial...

Introduction The average collection period would be 36.5 days ($10,000/$100,000)*365). This indicates that it takes just over 36 days to collect an account receivable. ......

Introduction Current portion of long-term debt (CPLTD) is the amount of outstanding long-term debt principal that has accrued over a company's normal operating cycle (usually...

Introduction • On the left are the sources of capital that we cover in this chapter. Everyone at their own pace Bootstrap family Informal investors...

Introduction The firm has a cost advantage when it can produce a product or provide a service at a lower cost than its competitors. Companies...

Introduction letter of credit, or letter of credit, is a letter from a bank that guarantees that payment from a buyer to a seller will...