What is a Chartered Property Casualty Underwriter? A Chartered Property Casualty Underwriter (CPCU) is a professional designation awarded to experts in property-casualty insurance and risk management. This credential is awarded by The Institutes to qualified risk managers, underwriters, brokers, insurance agents, and claims representatives. This pro...

What is the Intermittent Purchase and Sell of Inventory?  Most companies purchase inventory and then sell some of that inventory before purchasing more inventory. We refer to this as intermittent purchase and sell.  So, what is the effect of using LIFO, FIFO, and weighted average in intermittent purchases and sells. We want to find the cost of goods...

What is a Wireframe? A wireframe refers to a layout, outline, or visual depiction of a web page that contains the framework of the web page. A wireframe shows the key elements that exist on the page. They serve as visual guide representing the schematic framework of the web page.  How to Use a  Wireframe Business analysts, web developers, profession...

How are Usury Laws as Price Ceilings in Financial Markets? Usury Laws act as Price Ceilings in Financial Markets as they prohibit lenders from charging above a stated rate of interest. The demand and supply model predicts that at the lower price ceiling interest rate, the quantity demanded of credit card debt will increase from its original level; h...

What are securities laws? Securities laws are the federal and state statutes and regulations that control the sale or transfer of rights or ownership interests in a business entity (securities). Specifically, securities laws purport to protect the general public from deceptive practices in the sale or trade of securities. The major securities laws i...

What is Demand Side Economics? Demand side economics is a school of economic thought introduced by John Meynard Keynes, that argues the economic growth is directly proportionate to the demand for products and services.  Demand-side economics contradicts the classical economic theory, supply-side economics that asserts economic growth depends on the ...

What is Private Banking? Private banks, or private banking, offer personalized financial, investment and banking services to its High Net Worth clients. The existing products and services available in the mass market of retail banking are customized for such affluent individuals to offer them a more efficient wealth management mechanism. Usually, de...

What is the Resistance Point? A resistance point is the bare minimum terms that a negotiator is willing to accept in a negotiation.  Why is the Resistance Point Important? One should always establish a resistance point prior to beginning a negotiation. To do so, a negotiator should seek to understand herself, the counterparty, and the negotiation si...

Should I Grant Stock or Options? Companies, particularly startup companies, use stock and stock options to incentivize company employees. This is particularly useful as startups that cannot otherwise afford to adequately compensate employees. This can be a huge advantage to employees as well. It generally means less liquid compensation up front, but...

To what extent does the bankruptcy process relieve a debtors debts? Discharge in bankruptcy is a court order that absolves or exonerates a debtor form the payment of debt obligation. When a debtor is released from debts and discharged of all personal liabilities, it is called discharge in bankruptcy. Once a debtor receives a discharge in bankruptcy,...