Search results
Results from the WOW.Com Content Network
Karol Borsuk (8 May 1905 – 24 January 1982) was a Polish mathematician. His main area of interest was topology . He made significant contributions to shape theory , a term which he coined.
The concept in topology was defined by Karol Borsuk in 1931. [ 2 ] Borsuk's student, Samuel Eilenberg , was with Saunders Mac Lane the founder of category theory, and (as the earliest publications on category theory concerned various topological spaces) one might have expected this term to have initially be used.
For example, economist Richard Koo wrote that Japan's "Great Recession" that began in 1990 was a "balance sheet recession". It was triggered by a collapse in land and stock prices, which caused Japanese firms to have negative equity, meaning their assets were worth less than their liabilities. Despite zero interest rates and expansion of the ...
In a balance sheet recession, GDP declines by the amount of debt repayment and un-borrowed individual savings, leaving government stimulus spending as the primary remedy. [ 25 ] [ 26 ] [ 37 ] Krugman discussed the balance sheet recession concept in 2010, agreeing with Koo's situation assessment and view that sustained deficit spending when ...
A balance sheet is often described as a "snapshot of a company's financial condition". [1] It is the summary of each and every financial statement of an organization. Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. [2]
In mathematics, the Bing–Borsuk conjecture states that every -dimensional homogeneous absolute neighborhood retract space is a topological manifold. The conjecture has been proved for dimensions 1 and 2, and it is known that the 3-dimensional version of the conjecture implies the Poincaré conjecture .
The most basic identity in accounting is that the balance sheet must balance, that is, that assets must equal the sum of liabilities (debts) and equity (the value of the firm to the owner). In its most common formulation it is known as the accounting equation: Assets = Liabilities + Equity
Corporations will often wait until a bad year to employ this 'big bath' technique to 'clean up' the balance sheet. Although the process is discouraged by auditors, it is still used. In recent times, General Motors and other US corporations have taken huge write downs on balance sheet assets resulting in massive losses. The same result can be ...