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A financial ratio or accounting ratio states the relative magnitude of two selected numerical values taken from an enterprise's financial statements.Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
[1] In the FIFO example above, the company (Foo Co.), using LIFO accounting, would expense the cost associated with the first 75 units at $59, 125 more units at $55, and the remaining 10 units at $50. Under LIFO, the total cost of sales for November would be $11,800. The ending inventory would be calculated the following way:
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
In physics, a mass balance, also called a material balance, is an application of conservation of mass [1] to the analysis of physical systems.By accounting for material entering and leaving a system, mass flows can be identified which might have been unknown, or difficult to measure without this technique.
In finance, the term asset swap has a particular meaning. [1] When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis ...
The simplest type of bid-ask spread is the quoted spread. This spread is taken directly from quotes, that is, posted prices. Using quotes, this spread is the difference between the lowest asking price (the lowest price at which someone will sell) and the highest bid price (the highest price at which someone will buy).
The Bills (11-3) are two games behind the 13-1 Kansas City Chiefs for the No. 1 seed in the AFC with three weeks to go, though Buffalo has the tiebreaker, thanks to its 30-21 win on Nov. 17.
The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability