Who is Liable for What in Shipping?

Who is Liable for What in Shipping when Using the Free on Board (FOB) Term? What are the four types of inventory? There are four types of inventory: 1. Raw materials 2. Work-in-progress (WIP) 3. Finished goods 4. Maintenance, repair and operations (MRO) 1. Raw materials are the unprocessed inputs used in the production of … Read more

New Economy.

The New Economy is a term that is used to describe the shift from a traditional, manufacturing-based economy to a more modern, service-based economy. This shift is often attributed to the rise of technology, which has led to an increase in the number of jobs in the service sector and a decrease in the number … Read more

What is the opening balance?

The opening balance expresses the situation in which the company is at the beginning of an accounting year. That is, it is the balance that is made at the beginning of each Accounting cycleto see how they are financial state and the financial situation at the beginning of each year. The opening balance in accounting … Read more

What is systematic risk?

The term systematic risk is also known as undiversifiable risk or market risk, and refers, as the name suggests, to the financial asset that is publicly traded and its risk cannot be reduced. This type of risk depends a lot on the situation of the market in which we find ourselves, since there will be … Read more