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ASSETS
LIABILITY
OWNER'S EQUITY
EXPENSES
REVENUES
Definition
Current Assets
Current Liability
Current assets are all the assets of a company that are expected to be sold or used as a result of standard business operations over the next year.
Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle. An operating cycle, also referred to as the cash conversion cycle, is the time it takes a company to purchase inventory and convert it to cash from sales.
Owner equity
It is equal to total assets minus total liabilities
An expense in accounting is the money spent or costs incurred by a business in their effort to generate revenues
Revenue is income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which cost are subtracted to determine net income
Fixed Assets
Long term liability
Fixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such ...
("Pan Am") is a New York corporation organized in 1927 which is engaged in commercial air transportation which it pioneered between the United States and most areas of the world. Pan Am Corporation ("the Corporation"), a Delaware corporation, is and since September 14, 1984 has been the parent of Pan Am, it's principal subsidiary. For the pa...
Throughout his childhood Henry Ford liked to tinker with things and find out how and why they worked. Ford went from tinkering with his fathers farm equipment to trying to build a self propelled vehicle. Ford finally accomplished his goal in 1896. ford's success with the self propelled vehicle led to the start of the Ford Motor Co., which over...
Rice is intimately in the culture as well as the food ways and economy of many societies.'(www.riceweb.org p.1). For example, folklore tells us that when the Kachins of northern Myanmar (Burma) were sent forth from the center of the Earth, they were given the seeds of rice and were directed to a wondrous country where everything was perfect and wh...
Introduction In the ever changing technological era of the soon to be 21st century, electronic advancements have amazed us all. Unfortunately, the educational gap for the common man/woman as a computer end user has left many far behind. There are those who know and those who don't. This gap is the anchor of the computer industry. One question c...
In this paper I will be taking a look at basic management functions. The approaches, and the synthesis of two views of management. I will attempt to take an overview of culture and its effect on a company. In today's changing global environments many companies have joined the open trade policies, and existing foreign opportunities available to gro...
