ABNORMAL SPOILAGE
The wrecking or waste of inventory over the expected in normal business processes. Abnormal spoilage may result from an inefficient operations or broken machinery , and is given at least partial consideration for prevention. In the accounting context, it is recorded as a separate item – loss from abnormal spoilage.
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University of Miami School of Business Administration
The University of Miami School of Business Administration is a distinguished school of business in Miami. The school offers undergraduate, graduate ...
Hedge Accounting
An accounting method in which entries for the ownership of a security and the opposing hedge are treated as one. This method attempts to diminish t ...
Commercial Blanket Bond
Liability coverage employers acquired to shield themselves against losses due to dishonest employees. It gives blanket coverage for all an employer ...
Maximum Loan Amount
The maximum amount that an individual can borrow. The lender set the maximum loan amount based on various factors such as the selected loan program ...
Retention Tax
A tax levied to an investor’s income that is earned on investments in a country that is not the investor’s home residence or country. R ...
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