What is Throughput Time? Definition: Throughput is also called flow rate and it is the data amount that is transferable from point A to point B in a specific amount of time. It is thus used to measure the inputs and outputs moving through the production process. Companies use throughput as a metric to identify
What are Securities? Definition: Securities are a prominent feature of the investment universe but, what do they stand for? By definition, a security is a debt or a proof of ownership that has monetary value and that the owner can sell. The owner of the security considers this financial instrument as an investment. The owner
What is a Single Step Income Statement? Definition: A single-step income statement is a simplified record of the revenues and expenses of a business over a given accounting period. All businesses are required to prepare financial statements for either internal or external use. The income statement is one of these statements and it helps users
What is Tax Evasion? Definition: Tax evasion is where businesses and individuals use illegal practices through which they avoid fulfilling their tax obligations. Every country that has an elaborate economic system and governance system requires its working citizens and businesses to pay tax. The tax money is then used to fund government activities such as
What Is Selling General Administrative Expenses? Definition: Selling general administrative (SGA) expenses refers to the money spent on operating a business. Alternatively, accountants refer to this expense as operating expenses. Usually, this line of expenses includes all costs that a business incurs that arise from activities unrelated to production of goods/services. In business, a company
What are Serial Bonds? Definition: Serial bonds are debt securities issued at once but mature at different dates. Usually, bonds are issued to enable the issuer to access capital for income generating projects. It becomes necessary to issue serial bonds to reduce the risk of defaulting. This is because the issuer will repay the bondholders
What Is Tax Law? Definition: The tax law is a set of regulatory guidelines that have been created to provide a structure for tax collection. Every country has an economy that is guided by the country’s government and each government has a budget which it funds mainly through the tax law. Taxes are a natural
What is a Supply Schedule? Definition: Supply schedule is an economic graph that depicts how the number of goods or services in the market relates to the price of those goods or services. Supply is a vital part of economics and this is evident by the fact that there is an entire segment about supply
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What is Spending Multiplier? Definition: Spending multiplier is a concept in economics, which basically refers to the economic impact of increased government spending. It is the impact of government expenditure on a country’s GDP, and it cuts both ways, which means that it can cause a positive or a negative impact on the economy. Spending