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How to calculate the cost of production
The cost in the classical sense refers to the amount of costs incurred by the company for the production (production) and sales (cost of sales) of its products. The sum of the costs of production and sale of goods is called the total cost. The cost is calculated both for the entire output and for the production of a specific item. Continue reading
What is a bank guarantee
A bank guarantee is one of the types of risk insurance in bringing deals. The essence of such insurance is that a bank, an insurance company or another legal entity (guarantor) acquires all the risks of a transaction between economic entities at the request of a participant in a transaction (principal). Warranty issued in writing. In the event that the principal fails to fulfill his obligations to the creditor, the grant undertakes to cover the losses of the latter either in full or in the amount specified in the guarantee. Continue reading
The beneficiary is who is this?
In recent years, business and trade relations have been developing rapidly. This leads to the constant emergence of new terms that are used in the business sphere and imply the activities of different individuals. So, recently the word “beneficiary” has become increasingly common, and many probably don’t know what it means.
Often, this term applies to individuals who profit from an organization, but this interpretation is not entirely accurate. Continue reading