Tutor profile: Ryan C.
Subject: Personal Finance
Would you rather receive $12,000 as a lump-sum at the start of the year, or receive $1,000 ever month throughout the year?
$12,000 as a lump sum up front, due to the concept of time value of money. A dollar now is worth more than a dollar in the future.
What are the 3 financial statements?
The Balance Sheet The Income Statement The Cash Flow Statement
What is the fundamental accounting equation?
Assets = Liabilities + Stockholder's Equity
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