This equation helps you see what’s left after paying off everything you owe. If your assets are worth more than your liabilities, you’ve got positive equity, which is a great sign for your business. If your liabilities are higher than your assets, your equity…
Read moreIn financial terms, owner’s equity represents an owner’s claim on the assets of their business, after all liabilities have been accounted for. In simpler terms, it’s the amount that remains for the business owner once all the business’s debts have been…
Read moreThis can help clear out inventory without making customers accustomed to buying only when there’s a sale. For example, you might offer bulk purchase discounts to large buyers but limit early payment discounts to customers who have shown reliability in the…
Read moreThe example below shows how figures can be portrayed in millions. There are actually a few different ways that 1,000,000 can be expressed when it comes to writing dollar amounts. Million can also be represented using “mn” and “m,” so an individual may…
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