What is Product Life Cycle?
The product life cycle refers to the different stages that a product passes through over time. The concept is used to set pricing, product revision,…
Accounting
What is the Statements of Financial Accounting Standards?
A statement of financial accounting standards gives detailed guidance on how to deal with a specific accounting issue. These statements are released by the Financial…
What is Tier 1 Capital Ratio?
The Tier 1 capital ratio compares the core equity capital of a banking entity to its risk-weighted assets. The ratio is used by bank regulators…
What is Backup Withholding?
Backup withholding is a fixed-rate tax that is applied to investment income. The tax is levied by the financial intermediary at the point when an…
How to Prevent Backup Withholding?
Backup withholding due to incorrect name or TIN on Form W-9: Backup withholding can be prevented by supplying the payer of income with your correct…
What is the Difference between EBIT and EBITDA?
EBIT represents the approximate amount of operating income generated by a business, while EBITDA roughly represents the cash flow generated by the operations of a…
Difference between Capital Expenditures and Revenue Expenditures?
Capital expenditures are for fixed assets, which are expected to be productive assets for a long period of time. Revenue expenditures are for costs that…
What is Revaluation Model?
The revaluation model gives a business the option of carrying a fixed asset at its revalued amount. Subsequent to the revaluation, the amount carried on…
What is Working Capital Analysis?
Working capital analysis is used to determine the liquidity and sufficiency of current assets in comparison to current liabilities. This information is needed to determine…
What is Income Statement Analysis?
The analysis of the income statement involves comparing the different line items within a statement, as well as following trend lines of individual line items…
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