by enfoqpro | Nov 20, 2023 | Bookkeeping
The sunk cost fallacy is the improper mindset a company or individual may have when working through a decision. This fallacy is based on the premise that committing to the current plan is justified because resources have already been committed. This mistake may result...
by enfoqpro | Abr 11, 2022 | Bookkeeping
The requirements of the SEC and the stock exchanges are rigorous, so comparatively few corporations are publicly-held. The main disadvantages to this ownership structure are franchising fees, royalties on sales or profits, and tight restrictions to maintain ownership....
by enfoqpro | Ene 11, 2022 | Bookkeeping
Examples include bank loans, unpaid bills and invoices, debts to suppliers or vendors, and credit card or line of credit debts. Rarely, the term «trade payables» is used in place of «accounts payable.» Accounts payable belong to a larger class of accounting entries...