What is a Unilateral Contract? A unilateral contract is a contract in which only one party or individual, or single group promises or agrees with things or actions. It is a single or one-sided contract. In this type of contract, an offer is generally made to a single person or group. It may be accepted …
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What is a Trading account? Investors use a trading account to purchase and sell securities. It permits investors to buy and sell stocks, bonds, currencies, mutual funds, and other financial instruments. It is usually opened with a broker or online trading platform. A trading account typically provides access to advanced trading tools, such as real-time …
What is a Spin-Off? A spin-off is the production of something new based on a popular television program, movie, or character. A radio program, book, movie, tv series, video game, or narrative originating from already prevailing work and being represented again in a more detailed and comprehensive way is called a spin-off in media. It …
What is Current Ratio? The current ratio is a monetary ratio that estimates a company’s proficiency to pay its short-term obligations. It is calculated by dividing a company’s assets by its current liabilities. A higher current ratio insinuates that a company has more assets than liabilities and is better financially able to cover its obligations. …
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What is a Brand Image? Brand image is a general opinion and perception of a potential customer about the brand. Multiple factors influence brand image, including price, quality, satisfaction, personality, association, and awareness. Brand image is built using a multidisciplinary approach, including owned and earned media with integrated marketing strategies. The first and foremost step …
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What is Brand Identity? Brand identity is the visual and emotional representation of a brand. It encompasses all elements that make up a brand’s image, including its logo, color palette, typography, messaging, and overall aesthetic. A strong brand identity also helps to create a sense of consistency across all touchpoints, including packaging, advertising, and digital …
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What are Audit Services? Audit services are an essential part of any organization’s financial management and risk management strategy. These services provide an independent assessment of an organization’s financial statements, operations, and internal controls. An audit is performed to ensure that the company is following accepted financial reporting standards and laws and that the financial …
What is Audit? Auditing is independently examining an organization’s financial records and operations to ensure that they are accurate and comply with relevant laws, regulations, and standards. An audit is conducted by an independent auditor, typically a certified public accountant (CPA) or a professional firm specializing in audit servicesThe main goal of an audit is …
What is Asset Management? The practice of managing a company’s or person’s financial assets in order to achieve specified investment goals and objectives is known as asset management. This can include managing investments in stocks, bonds, real estate, and other types of assets. Asset management companies, such as mutual fund companies, hire professional managers to …
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What is Assessable Profit? Assessable profit is a taxable calculation of an individual on earned profit on income against losses and gains. In assessable profit, the items such as investment accounts, expenses, charitable donations, and depreciation are covered. It is taxable income after eliminating the allowed expenses. Assessable profit for a person is generally perceived …
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