What Accounts Receivable (AR) Are and How Businesses Use Them, with Examples
What Are Accounts Receivable (AR)? Accounts receivable (AR) are the balance of money due to a firm for goods or services delivered or used but not yet paid for by…
Understanding Accounts Payable (AP) With Examples and How to Record AP
What Are Accounts Payable (AP)? Accounts payable (AP), or “payables,” refer to a company’s short-term obligations owed to its creditors or suppliers, which have not yet been paid. Payables appear…
Tesla has sold 75 percent of its Bitcoin holdings
Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the middle of 2021, after making a considerable investment in the cryptocurrency…
Microsoft and Google Are Latest Tech Giants to Hit Brakes on Hiring
After years of bulking up, the industry is bracing for recession. With recession fears mounting—inflation, the war in Ukraine, and the lingering pandemic taking a toll—many tech companies are rethinking…
What Is the Internal Revenue Service (IRS)? How Auditing Works
What Is the Internal Revenue Service (IRS)? The Internal Revenue Service (IRS) is a government agency that administers tax laws and collects federal taxes from U.S. individual and corporate taxpayers.…
How Much Does It Cost to Mine 1 Bitcoin?
JPMorgan strategists may have just called Bitcoin’s bottom price. Others suggest there’s still more pain ahead. In a recent report by Decrypt, investment bank JPMorgan estimates that the production cost…
What Is A Market Correction?
A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to…
Balance Sheet: Explained
What you need to know about these financial statements What Is a Balance Sheet? The term balance sheet refers to a financial statement that reports a company’s assets, liabilities, and…
Silver Certificate
What Is a Silver Certificate? A silver certificate is a type of legal tender in the form of paper currency issued by the U.S. government in 1878. These certificates were…
Monero Hard Fork: Four New Coins & What You Need to Know
To preserve its decentralized vision, the Monero team has instituted a hard fork and incidentally spawned four new iterations of the vaunted privacy coin. However, the move has been met…