What is physical capital and what are its components
Physical capital refers to the physical objects that a company uses to produce its goods or services. These objects can be machinery, buildings, or even natural resources. In order to maintain...
What is a trimmed mean and why would you use it instead of the regular mean
A trimmed mean is a method of averaging that removes a small percentage of the largest and smallest values before calculating the mean. This...
What is Form 843 and what is it used for
Form 843 is a form used by the IRS for tax exemption claims. The form is used to request a refund or adjustment of taxes that have been erroneously paid...
What is an indifference curve and what does it represent
An indifference curve is a concept used in economics to illustrate the relationship between two goods and the level of satisfaction an individual derives from consuming those goods. In essence,...
What is a ledger balance
A ledger balance is the running balance of all transactions that have not yet been cleared by the bank. This balance includes both debit and credit transactions. To calculate the ledger balance, add all deposits...
What is a bilateral contract
A bilateral contract is an agreement between two parties in which each party agrees to fulfill its obligations under the contract. The term "bilateral" refers to the fact that both parties are bound by the...
What is income elasticity of demand
Income elasticity of demand is a measure of how responsive consumers are to changes in income levels. The higher the income elasticity, the more sensitive consumers are to changes in income. For example, if...
What is restructuring and why do companies do it
When a company restructures, it is essentially shaking things up in order to improve its financial performance or cut costs. This can involve anything from closing factories and laying off workers...
What is a bull trap
A bull trap is a pattern that can occur during an uptrend in the stock market. It occurs when the market rallies to a new high, only to reverse and fall back below the previous...
What is autocorrelation and what are its uses
Autocorrelation is a statistical measure that assesses the degree to which a time series is correlated with itself at different time lags. It is used to identify and quantify potential patterns in...