Bad debt is debt that cannot be recovered or collected from a debtor. Businesses use the provision or allowance method of accounting to credit the amount of uncollected debt to the “Accounts Receivable” category on the balance sheet. To balance the...
Currency fluctuations are a natural result of most major economies’ use of variable exchange rates. A country’s economic performance, inflation expectations, interest rate differentials, capital flows, and other factors all influence exchange rates. The...
Survival in a competitive environment requires innovation. Many businesses are constantly looking for new products, processes, and services to offer their clients, as well as improving the ones they already have. Even if R&D is a sound strategy, it is not without...
Unemployment stress can have a significant impact on your health in any situation. However, your stress levels may be more greater than typical during the coronavirus pandemic. With our current condition and the nature of the global economy, finding a new job is...