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Accounting

What is an Annuity?

November 28, 2018November 29, 2018 EnforBusinessAccounting, Business, Finance
what-is-an-annuity

Definition An annuity is a set of payments made or received within a fixed time period, in equal and regular intervals. This means, a fixed amount of money is issued […]

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What is a Composite Unit?

November 25, 2018November 25, 2018 EnforBusinessAccounting, Business
what-is-a-composit-unit

Definition A composite unit is a hypothetical measurement that combines products in a sales mix according to their proportion of sales. In other words, it allows for different products to […]

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What is an Incremental Cost?

November 25, 2018November 25, 2018 EnforBusinessAccounting, Business
what-is-an-incremental-cost

Definition An incremental cost is the amount of additional expenses a company incurs when they produce one additional unit of product or service. This calculation is similar to the cost […]

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