Examlex
According to Michael Porter, five competitive forces create vital opportunities and threats to organizations: 1) new entrants, 2) substitute products or services, 3) bargaining power of suppliers, 4) bargaining power of buyers, and 5) rivalry among existing firms.
Owner's Equity
Indicates the total net worth of a company attributable to the owner or shareholders, reflecting the equity capital and retained earnings.
Notes Payable
A written promise to pay a specific sum of money to a person or entity at a future date, categorized as a liability on the balance sheet.
Accrued Interest Payable
Interest that has been incurred but not yet paid, typically appearing on the balance sheet as a liability.
Next Period
Refers to the forthcoming time frame in accounting or business planning, usually the next month, quarter, or fiscal year.
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