What is the difference between positive correlation and inverse correlation?

July 9, 2024 No Comments

A: In the field of statistics, positive correlation describes the relationship between two variables which change together, while an inverse correlation describes the relationship between two variables which change in opposing directions. Inverse correlation is sometimes described as negative correlation, which describes the same type

What is the difference between prime cost and conversion cost?

July 9, 2024 No Comments

A: Prime costs and conversion costs are relied upon heavily in the manufacturing sector as a metric to determine efficiency in production of a specific product. Prime cost is defined as the expenditures directly related to creating finished products, while conversion costs are the expenses

What is the difference between principles-based accounting and rules-based accounting?

June 30, 2024 No Comments

A: Almost all companies are required to prepare their financial statements as set out by the Financial Accounting Standards Board (FASB), whose standards are generally principles-based. Recently, there has been much debate on whether principle-based accounting would be more efficient than the popular rules-based accounting

What is the difference between principles-based accounting and rules-based accounting?

July 7, 2024 No Comments

What is the difference between principles-based accounting and rules-based accounting?

July 9, 2024 No Comments

What is the difference between recurring and non-recurring general and administrative expenses?

June 30, 2024 No Comments

A: The difference between recurring and nonrecurring general and administrative expenses can best be understood as the difference between regular, fixed expenses a company expects to have on an ongoing basis as an ordinary cost of doing business versus a one-time, extraordinary expense incurred by

What is the difference between recurring and non-recurring general and administrative expenses?

July 7, 2024 No Comments

What is the difference between recurring and non-recurring general and administrative expenses?

July 9, 2024 No Comments

What is the difference between redemption of shares and repurchase of shares?

June 30, 2024 No Comments

A: Sometimes, shares of stock offered by a company are not regular, market-driven common shares. Instead, they may be preferred shares, which are considered fixed income securities and are issued with a par value. When that par value is paid back to the purchaser of

What is the difference between redemption of shares and repurchase of shares?

July 7, 2024 No Comments

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