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Effective managers can motivate their employees and improve an organization’s overall performance. A manager oversees a particular project, team, or department within an organization and often serves as a liaison…
What Is Capital? Capital is a broad term that can describe anything that confers value or benefit to its owners, such as a factory and its machinery, intellectual property like…
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…
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…
What Is Depreciation? The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life. Depreciation represents how much…
What Is Accrued Interest? In accounting, accrued interest refers to the amount of interest that has been incurred on a loan or other financial obligation as of a specific date…
What Is an Interest Expense? An interest expense is the cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It…
Company culture refers to the beliefs and values that are firmly held by a company and expressed through its goals. A strong company culture can help a company establish a…
The S&P 500 is a stock index that tracks the share prices of 500 of the largest public companies in the United States. Formally known as the Standard & Poor’s…
Bitcoin officially became legal tender in El Salvador on Sept. 7, 2021, making it the first country to adopt the currency. The move has turned the Central American country into…