The use by the government of fiscal policy (via a combination of tax cuts and spending increases) with the intention […]

Also known as a financial year, the fiscal year is a set period used to calculate financial statements. The period […]

A 12-month period used for accounting purposes and preparing a business’s financial documentation. Please note: the fiscal year does not […]

A fiscal year is any 12-month period used by an LLC as its accounting period. For example, the fiscal year […]

The relation that gives the real interest rate as the difference between the nominal interest rate and expected inflation: real […]

A 100% reduction in the purchase price of an item. This is necessarily the result of shoplifting.

A term used when referring to property, plant, and equipment. Fixed assets other than land are depreciated.

Any cost that remains the same in the short-term, despite changes in volume. Fixed costs usually include, for example, rent, […]

Costs of production that do not vary with the number of units produced.

Organization of a tape or data file in which each group of data (such as name, address, city, zip) has […]