Looking for resource materials to enhance your understanding of generally accepted accounting principles? Use this GAAP guide as quick reference tool. However, the SEC is moving toward the adoption of the IFRS principles; hence, one should keep an open mind that some rules are about to change.
Accounting & Business Finance
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Lost on assets and liabilities? Actress Mae West once said, “Brains are an asset to the woman in love who’s smart enough to hide ‘em.” While you don’t want to hide your assets or liabilities on your balance sheet, this quiz will test your knowledge on how well you know the difference.
The maximum price consumers are willing to pay for certain goods or services defines their level of satisfaction and the demand for these goods or services. To understand what the consumer surplus is, the characteristics of consumer behavior and the characteristics of the market should be addressed.
How many times have you decided not to purchase of an item because prices went up? How many times have you still brought the item as you needed it desperately? The concept of price elasticity of demand is a scientific study of such trends, measuring how customers respond to changes in product price.