Cost and price are often used interchangeably, however, the two words mean something different when it comes to accounting and financial statements. When conducting financial analysis or making investment decisions, it’s important to understand the difference between cost and price and how they impact a company’s financial profile. Key Takeaways Cost is typically the expense…
The roommate is not a long calm river. Well yes, there can be a calm river when your roommate forgot to turn off the tap before leaving for work and floods your room. Or when your roommate’s dog urinates on your carpet. In fact, the roommate is a river of shit that lines the abominable…
What Is Value Deflation? Value deflation, or shrinkflationoccurs when retailers and service providers cut their costs and sell smaller packages, give out smaller portions, or generally provide less for the same price so as to maintain the same sticker price. Businesses may do this as a way of stealthily raising prices when costs are rising…
1. His vocabulary Amateur: when he tastes a wine, he tries to talk about it but he has no vocabulary: “It’s good, eh, it’s light, and a little fruity too…” Connoisseur: when he tastes a wine, he comes out with words that we have never heard before such as: “It is fleshy, the tannins have…
What Was the Foreclosure Crisis? The foreclosure crisis was a period of drastically elevated property seizures in the U.S. housing market between 2007 and 2010. The foreclosure crisis was one aspect of the financial crisis and Great Recession that developed during this period. The excessive extension of mortgage credit, complicated schemes of mortgage debt securitization,…
Graffiti on pubs, jokes in shops and even honest people rising up against oppression with permanent markers: can we really call it vandalism if it’s funny AND it helps people ? You have five hours. 1. Graffiti is a crime (funny) 2. These toilets are currently unusable, please use / the children’s ball pit (Ronald’s…
Experience Peter H. Westfall is a distinguished professor of information systems and quantitative sciences at Texas Tech University. He has a PhD in statistics and 30+ years of teaching, research, writing, and consulting experience. Peter teaches and performs statistical research with a focus on advanced statistical methods, regression analysis, multivariate analysis, mathematical statistics, and data…
In recent days, in western New York State in the United States, the inhabitants have hit a devilish snowstorm (if you forgive me the expression), which has led them to find themselves under a huge layer of 1m80 powder. Even in this area, where winters are usually harsh, such a large amount of snowfall is…
What Is the Composite Index of Lagging Indicators? The Composite Index of Lagging Indicators is an index published monthly by the Conference Boardused to confirm and assess the direction of the economy’s movements over recent months. Key Takeaways The Composite Index of Lagging Indicators is a composite economic indicator that lags behind changes in the…