Month: June 2020

Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing Resource Planning (MRP II) evolved from early Materials Requirement Planning (MRP) systems by including the integration of additional data, such as employee and financial needs.

A related-party transaction is a deal or arrangement between two parties who are joined by a preexisting business relationship or common interest. For example, a contract between a major shareholder of a corporation and that corporation, agreeing that the shareholder’s company will renovate the corporation’s offices would be a related-party transaction.

Cost-volume-profit (CVP) analysis is a method of cost accounting that looks at the impact that varying levels of costs and volume have on operating profit. The cost-volume-profit analysis, also commonly known as break-even analysis, looks to determine the break-even point for different sales volumes and cost structures, which can be useful for managers making short-term economic decisions.

A questioned document investigation is an in-depth look into a document that is being questioned in the case of fraud, forgery, etc. The investigation is usually initiated in the event that large sums of money, heirlooms, or other assets are being called into question by a third party. A questioned document investigation may also be called upon to discover altered documents, fabricated checks, anonymous letters, disputed wills, and many other disputed documents. A forensic analysis of the questioned document will typically involve a comprehensive analysis of the paper, ink, indentations, and tools used to produce the document. read more

Keep and pay refers to type of bankruptcy exemption. It lets a person keep an asset such as a house or car, provided that the individual continues to make payments.

Form 5405, First-Time Homebuyer Credit and Repayment of the Credit was a tax form distributed by the Internal Revenue Service (IRS) and used by first-time homeowners or long-time residents of a home to claim a tax credit that was available from April 9, 2008, through September 2010. First-time homebuyers applying for the credit could not have owned another home within three years of the new home purchase, and either the purchase price of the home or the homebuyer’s modified adjusted gross income (MAGI) could not exceed a certain threshold. The amount of the credit was the lesser of either a fixed percentage of the home’s purchase price or a fixed dollar value. read more

The gross processing margin (GPM) is the difference between the cost of a raw commodity and the income it generates once sold as a finished product. The gross processing margin is affected by supply and demand. The prices for raw commodities fluctuate, creating an ever-changing spread between the raw inputs and the processed products.

Good This Week (GTW) is a type of market order in which the order remains active until the end of the week in which it is issued. If the order is not executed prior to the end of the week, it will be cancelled.

A gold option is an options contract with gold as the underlying asset. A gold call option would give the holder the right, but not the obligation, to buy bullion at a future date at a set price, while a put option would grant the holder the right to sell it a predetermined price level. In this option, a gold futures contract would be the underlying asset securing the investment. The option agreement terms list details such as the delivery date, quantity and strike price, which are all predetermined. read more

Metrics are measures of quantitative assessment commonly used for assessing, comparing, and tracking performance or production. Generally, a group of metrics will typically be used to build a dashboard that management or analysts review on a regular basis to maintain performance assessments, opinions, and business strategies.