Examlex
Define economies of scale and give two reasons why firms may experience economies of scale. Is economies of scale a long-run concept or a short-run concept?
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, reducing its book value on the balance sheet.
Working Capital
The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.
Balance Sheet
An accounting report detailing a business's assets, debts, and owner's equity on a certain date.
Equity and Debt
The two main types of financing for companies: equity represents ownership (stocks), and debt represents borrowed funds (bonds or loans) that must be repaid.
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