A withdrawal slip is a written order to the bank that instructs it to withdraw funds from a certain account. It is an important document that allows consumers to retrieve money from the bank, and it can be used for both business and personal purposes. Withdrawal slips vary between banks, …

In a rapidly changing and increasingly competitive business environment, companies are always seeking ways to stay ahead of the curve. One strategy that companies often rely on to maintain their competitive advantage is product diversification. If done correctly, product diversification can help a company grow its customer base, increase revenues, …

Bank for International Settlements (BIS) is a very important organization that facilitates international banking, finance, and monetary cooperation. It is one of the oldest financial institutions in the world responsible for promoting global economic and financial stability. It also serves as a forum for central banks to coordinate their policies …

Companies prepare financial statements and other reports to present to their stakeholders. These reports provide details of the company’s financial position and performance for or over a period. Usually, companies prepare these reports for a whole fiscal year. However, they may also do it for shorter periods. This process falls …

Working capital ratios allow companies and stakeholders to gauge how liquid a company is. Usually, it uses figures from the income statement and balance sheet to show how long it takes to convert a company’s resources to cash. One of the working capital ratios is the days cash on hand. …

When it comes to investments, whether it is a stock, bond, or any other security, there is some degree of risk. Every investment portfolio has its own degree of risk, and this is known as portfolio risk exposure. The higher the risk amount, the greater the potential losses that could …

To understand how much money a particular product or service contributes to paying down the fixed costs of the business, it’s essential to calculate the weighted average contribution margin. It is an aggregate figure, calculated by taking the contribution margin of each product or service in a given group and …

A manager’s check is a convenient, safe, and reliable way to pay large amounts of money relatively quickly. It is issued by the bank in its name and can be encashed by the bearer without having to go through the regular check-clearing process. The guarantee provided by the bank makes …

Pricing and costing have always been important factors in a business’s success. To ensure the prices are competitive, yet still provide enough margin to generate profit, many companies turn to target costing. Target costing is a management technique that involves setting prices based on market conditions. It helps businesses provide …

The stock market can be a complex and intimidating place for investors. One of the lesser-known terms used in stock trading is Theoretical Ex-Rights Price (TERP). The TERP is an estimate of what the price per share of stock will be after the rights issue has taken place. Rights issues …