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How does one define intangible assets?
One may define intangible assets as meaning an asset that is not physical in nature or not monetary. An example of such an asset would be intellectual property.
Define the three components of the accounting equation?
The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY
Define capital reserve?
Capital reserve is the amount created to increase in market value of assets at the time of revaluation of assets.
What type of account must underlying assets for variable annuity contracts be maintained in?
Underlying assets for variable annuity contracts must be maintained in separate accounts. These accounts are distinct from the insurer's general account and are designed to hold the assets that back the variable investment options offered to policyholders. This structure helps ensure that the investment performance of the variable annuity is directly linked to the performance of the underlying investments, allowing for greater flexibility and potential growth.
Define information systems how does it word what are its management organization and technology components?
complementary assets
Define non performing assets coverage ratio?
The ratio of provision against total NPA
Define statutory assets?
Statutory assets are liquid assets that firms must hold to remain solvent and have partial protection against substantial investment loss. They are state regulated and must be in cash or marketable investments.
What are the advantages of fixed assets?
Fixed assets are going to be a stable source of income over a period. Variable will change in price over a given period. Where variable can bring a higher rate of return fixed will always bring a steady sure rate of return.
Defination of variable asset?
Variable assets, on the other hand, refer to equipment, inventory and accounts receivable. The accounts receivable refers to those current assets that report the amount of money that the customers owe the business for the services or goods that have been provided on credit terms.
Define fixed assets?
Fixed assets are assets that will not be sold, disposed, used up, expire, or traded within 12 months (one accounting cycle). Fixed assets are usually depreciated at the end of each fiscal year to reflect the amount that was used up within the year.
Define complementary assets and explain how they ensure that information systems provide genuine value to an organization?
Complementary assets are defined as assets or infrastructure that are needed in order to support a technological innovation. They ensure that a product gets good marketing and commercialization.
Is wealth a stock or flow variable?
Wealth is a stock variable because it represents the total value of assets owned at a specific point in time, rather than a flow variable which measures the change in value over a period of time.
