Overhead is the cost, which is not directly incurred on production, but indirectly incurred for other reasons. Hence, it is appropriate for consolidating short term debts. Equity financing is a way of financing by issuing common stock or preferred stock. Most glossaries may help you with it, but some definitions may be too elaborately worded for most people to understand, resulting in a confusion. Also, as per clause 9B of our agreement, if the full payment in not made within the next ten days, we will be debiting your account with the default charges of $1000 for late payment. Authorized capital is the total money that the company has made by selling the issue of authorized shares. Acquisition is a situation where one company takes over the controlling stake of another company. Closing stock is the stock of inventory available with the business at the end of the accounting period.
Economy Looks Likely to Weather Brexit Storm Initial market turmoil is expected to take a toll, but economists see domestic strength powering through By firstname.lastname@example.org Updated June 26, 2016 1:03 p.m. ET WASHINGTONThe U.K.s decision to exit the European Union may rock the overall U.S. economy in coming months. But it isnt likely to sink it. Once the initial market turmoil abates, the Brexit decision will become the latest in a long list of headwinds contributing to the American economys sluggish growth. The U.S. has powered through a number of overseas risks in the seven years since the recession ended and economists expect it...
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In case of bankruptcy, the company ends up with nothing. A conglomerate is a group of different companies ladder under the same umbrella ownership and ladder as a single entity. It is calculated by the formula: Current Ratio = Current Assets / Current Liabilities. Uncollectible Accounts Expense Uncollectible accounts expense is the expense incurred in trying to realize payment from a debtor, but the debtor does not make the payment. Thus, their business need not be wound up for paying debts. Contributed assets are those assets that are owned by a contributing entity to the business. Recovery is the collection of amounts receivable that had previously been written of as bad debts. Trade debtors are those who owe the business money, on account of goods sold to them on credit. A contingent is something that occurs due to a condition that is not yet established.