What Is the Theory of Price?

Theory of price is a microeconomic theory that describes the relationship between the prices of goods and services and the factors that affect them. The theory is based on the principle of supply and demand, which states that the price of a good or service is determined by the amount of it that is available … Read more

Level 2 Assets Definition.

Level 2 assets are defined as assets that are not as liquid as Level 1 assets, but are still considered to be liquid. This means that they can be sold within a reasonable period of time and at a reasonable price. Level 2 assets include things like corporate bonds, certain types of real estate, and … Read more

What are accounts payable?

Accounts payable are all those debts that a company or organization has incurred and that have not yet been paid. They are debts directly related to the activity that takes place. The concept of accounts payable indicates that there is a debt with a creditor and that you must make the payment for it. These … Read more