Category: P

An act of federal legislation that allows the regulation of companies providing public utilities. It requires that all reports and any major decisions are done by regulations that have been handed by

A sum of money that is put into the economy, usually by the government to give a boost to a slow economy. The amount is usually relatively small and goes into public

The documents generated by store room personel that will allow the replacement of stock that has been purchased by customers. The document is then passed on to the purchase department to order

The individual person who is responsible for making all of the purchasing orders. This person will co-ordinate all aspects of purchasing from a number of suppliers. In a large company who uses

A trust situation that involves three parties. The parties are the creator of the trust, the trustee, and the beneficiary. This is a contractual trust and is different to a statutory trust

Same as a Ponzi scheme. One person recruits a person to a retail scheme then that person recruits people and son on and son until the first person has an increasing number

A valued instrument such as the monthly rent for a company building, that has not yet been paid. It is usually recorded as an expense.

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

The amount of money that needs to be invested today at the prespecified interest rate so as to obtain a required amount at a future date.

The force experienced by a surface that is expressed in terms of force per unit area. Its SI unit is Pascal (a force of one newton on an area of one square

The indicator of a company’s ability to successfully manage and operate its reserve resources. It is the product of the total assets and the Net operating income before taxes.

The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required to determine

The fixation of the interest rates of a loan agreement. However, the monthly payments are variable and are determined by adjusting the balance payment according to the consumer price index. Due to

A market situation where in spite of the increase in the cost of production, the price does not change. For example, a business that is worried about increasing prices as it may

The detailed breakdown of the price of all the components used to make an assembled product that included their unit and total price.

Stating business as the primary purpose for undertaking a travel, as opposed to pleasure. For taxation purposes, a business travel is eligible for complete deductions in transportation and half price for meals.

An obligation or liability that stems from the primary responsibility of an individual.

The calculation of depreciation on fixed assets is represented by this method.

The 4 components that are used to determine the mortgage installment on a property that is payable on a monthly basis. It can used in two ways: (1) Before the loan approval:

A program on the computer that allows softwares to send commands to the printer. The driver software is unique for every model and for every operating system and as such the correct