What is an asset?

Assets are the assets, rights and other economic resources that companies have and that are likely to be converted into profits or provide an economic return to the company. These assets are controlled by the company as a result of past actions. In accounting, the assets of a company are considered to be equal to … Read more

What is the average cost?

Average cost is one of the cost types used in economic terms. Also known as average cost, it is used to calculate the average cost of producing a unit. In addition, the average cost calculation serves the to control the variable and fixed costs associated with production. The calculation of the average cost serves like … Read more

What is tax accounting?

The term accounting It is a concept that refers to the techniques used to record the financial transactions of a person or company. Tax accounting is one of the existing types of accounting. When we talk about tax accounting, we refer to all those actions and tasks related to tax obligations that are defined by … Read more

What is awareness?

Awareness is an English word that refers to realizing or becoming aware of something. A translation of awareness into Spanish could be sensitization or awareness. The awareness in digital marketing industry is associated with brand awareness, also known as brand awareness. This implies creating in the mind of the user an association, an identification and … Read more

What is Cumulative Absolute Frequency?

Given that the Absolute frecuency is the number of times that the value of a sample of the population appears, the accumulated absolute frequency is the result of all the sums of the absolute frequencies (redundancy is worth). This concept, which is key to understanding the study of statistics, is represented by the acronym Fi. … Read more

What is an action?

A share is part of the total capital in which a company is divided. Each institution is made up of a certain number of shares that will be distributed among its partners. And, each of these actions may be freely transmitted between their shareholders. Therefore, the true meaning of an action gives rise to an … Read more

What is an underlying asset?

An underlying asset is a type of real or financial asset that is traded on the market. It is used as a reference value for derivative financial product contracts. The quotation In the underlying asset market, it therefore serves as the basis for establishing the value of certain derivative financial products. Types of Underlying Assets … Read more

What is the absolute advantage?

The concept of absolute advantage in economía It was coined by Adam Smith to define the productivity of a person, a company or a country. Of course, this absolute advantage will always be determined based on the amount of production factors used to achieve their goal, and the percentage of these factors used must always … Read more

What is a fixed asset?

By definition, a fixed asset is a resource or good of the company that cannot be easily liquidated (that is, converted into money). It can be tangible or intangible resources. Examples of tangible fixed assets: company property, equipment, furniture Examples of intangible fixed assets: patents, copyrights, logos and other company brands, as well as shares. … Read more

What is the accounting year?

The definition of an accounting year is the period of time in which the economic and financial situation of an organization is measured. It also means the period of time between two successive annual balances. In a certain way it can be considered as the accounting period in which the Laboral life Company. What does … Read more