Ending Inventory.

Ending Inventory refers to the merchandise that a company has on hand at the end of an accounting period. This includes finished goods, raw materials, and work-in-progress. The value of ending inventory is important because it is used to calculate the cost of goods sold (COGS), which is a key metric in determining a company’s … Read more

Commutation Agreement.

A commutation agreement is an agreement between an insurer and a policyholder to cancel a life insurance policy and pay the policyholder a lump sum of cash. The insurer agrees to pay the policyholder an amount that is less than the face value of the policy. What is facultative reinsurance? Facultative reinsurance is a type … Read more

What Is Immunity?

The immune system is a network of cells, tissues, and organs that work together to protect the body from infection. The main job of the immune system is to recognize and respond to foreign invaders, such as viruses and bacteria. When the immune system detects a foreign invader, it triggers an immune response. The immune … Read more