Subtracting a company's liabilities from its assets results in the business's net worth, also called owner's equity, according to Entrepreneur magazine. Assets, liabilities and net worth are listed on a company's balance sheet.
A:Decision-making in business is important because there are consequences to making the wrong decision. When managers are making decisions on behalf of the company, it is important that they weigh their options because poor choices can result in legal, financial or brand issues.
A:An investigative consumer report is a complete report on a person's background that shows his lifestyle, character, reputation and personal characteristics. The gathering of this information includes interviewing his friends, neighbors and colleagues. This report is used to make employment decisions during promotion, reassignment, hiring and retention.
A:A copy notation is a type of end notation to a formal letter. A copy notation is a list of people that ought to receive a copy of the letter. It is a reminder that other people, besides the addressed recipient, have an interest in the letter.
A:The finance department plays a huge role in business because that's where the money is. The finance department knows how much money is needed to pay vendors, secure clients, cover bills and pay employees. This department is also in charge of filing taxes, keeping up with the current value of assets, and knowing how much cash flow the company has at any given time.
A:Business tourism is the use of travel services, hotel facilities and other amenities by people who are traveling on business. Business tourism is on the increase, and the tourism industry separates business tourism from leisure tourism in an effort to promote the former by offering particular services for business people.
A:Commercial sector jobs are those that do not include farming, transportation, manufacturing or business. Some examples include restaurants and hotels, healthcare facilities and educational institutions.
A:A nurse practitioner typically does not work a set amount of hours, and the hours depend on the field. For example, the difference in the number of hours between a 24-hour care facility and a mental facility may be staggering.
A:Jobs available to people with biology degrees include those that involve teaching, working at a research facility, working in a government position, tutoring, working for a science museum, forensic science, forensic entomology and genetic engineering, according to Kelci Lynn Lucier for About.com. Additional opportunities include joining the Peace Corps, working as a botanist, becoming an urban planner and working as a forest ranger.
A:Auditors review, analyze and evaluate processes, services, products, systems and organizations. They are also tasked with examining a company's financial reports to ensure their accuracy and validity for tax and business purposes.
A:One reason to study social work is the chance it offers to impact people's lives. Social workers interact with individuals, families and organizations within their communities to help improve people's lives.
A:The major duties of a florist include growing, cutting and arranging flowers. A florist also gets to help customers with choosing flowers, ribbons, containers and other floral accessories. Florists who run their own shops may also have additional duties such as taking orders, wrapping arrangements and managing the desk.
A:The Dreamy Idealist personality type is suited to a career in the arts, such as a writer or musician, or in careers that help people become better, such as teaching, psychology, social work or the clergy. The Dreamy Idealist is also known as the INFP Jungian personality type.
A:Coinstar is a company that provides kiosks for turning change into paper bills, eCertificates, gift cards, PayPal funds or charitable donations. According to the company website, it also is possible to trade in gift certificates for cash. The kiosks are located in retail outlets and financial institutions, which are paid a percentage for offering the service.
A:Colgate, the business, began in 1806. As published on Colgate’s corporate website, the brand started out as starch, soap and candle company in New York City. The toothpaste was first introduced in 1873.
A:With an annual production of 8 billion toothpicks, Minnesota-based Diamond Brands is the only company still making toothpicks in the United States, as of 2007. China and Southeast Asian nations produce large quantities of toothpicks and ship them around the world.
A:When it comes to all things business, turnover represents the rate at which any asset is replaced or revolved during a certain time period. In terms of assets such as inventory, raw materials and cash, the accounting period is normally used as the timetable. In terms of human resources or employees, however, a revolving 12-month period is often used to calculate turnover.
A:The term "corporate veil" refers to the concept that a publicly traded company's shareholders are shielded from liability connected to that company's actions. If the company incurs corporate debts or breaks laws, the corporate veil concept dictates that shareholders should not be held liable for those errors.
A:According to Experian, a good credit score is a score above 700. This suggests to a lender that there is a history of good credit management. Experian states that most credit scores are between 600 to 750.
A:If a house is repossessed by the mortgage company, it is usually sold through an auction or a real estate agent. Depending on both the mortgage company and the state, the former owner may have the opportunity to redeem the property. If the home sells for less value than the outstanding mortgage, the former owner may be sued by the lender for the difference or have the debt forgiven.
A:According to Nolo, a legal advice website, you can simply call the dealer and return a financed car, but the lender is under no obligation to release you from the debt owed. The lender may sell the car, but you may still be found liable for the difference between the price the lender gets from reselling the car and the price you agreed to pay.
A:CarsDirect notes that an average, or good, credit score for a car loan is 680-739. An excellent credit score for a car loan is 740-850. A consumer whose credit score lands in the excellent range is eligible for the best interest rates available on a car loan.
A:Pre-approval means a lender is ready to make a customer a loan or extend some other type of credit based on information the customer provided or that the lender retrieved from a credit reporting agency. Pre-approval is not usually a guaranteed approval; instead, it is an initial creditworthiness evaluation.