Payback period is the period required to recover the amount spent for capital investment. These measures will ensure that the cash conversion cycle of a company is not too long and thus, the company will have enough working capital in hand at any given time. It won't leave any problems with getting inventory loans later one. Agreement corporation: An agreement corporation is a federally or state-chartered corporation, which has entered into an agreement or understanding with the Federal's Board of Governors that it will limit its powers to those specified by the Edge Act. Working capital ratio is calculated to know whether a business has sufficient short term assets to meet its short term liabilities. It is an amount that is a small part of the part loan payment that is kept aside to ensure completion of a transaction or complete fulfilment of a inventory lending contract.
Interim audit is an audit that is conducted at some time during the year. Joint ownership agreement: An agreement between owners or occupants of a business defining their rights, ownership, monetary obligations and responsibilities. Standardized value: By definition, the distance of one data point from the mean, divided by the standard deviation of the distribution. Allowance for Bad/Doubtful Debts' Allowance for bad debts are amounts of money set aside by the business as a cover for possible defaults on payments. Ancillary refers to something that has lesser importance. Actual cash value is a method for determining the actual loss incurred by the business expressed in monetary terms.
The term 'appraisal' is also used in connection to raising the book value of inventory. An administrative review is usually used in context to the appraisal of the book value of a inventory assets and basically, deals in the underwriting issues. The information provided by the customer will be protected. Seller refers to the party to whom the order for purchase has been given. A lump sum fees paid at a real estate set up, which includes appraisal, origination, title insurance, credit report and points, is referred to as non-recurring closing costs.