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A software package developed to handle information requirements for a specific type of business is called a horizontal application.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.
Equity Multiplier
A financial leverage ratio that measures the portion of a company’s assets that is financed by stockholders' equity.
Total Liabilities
The combined amount of a company's short-term and long-term debts, representing claims against the company's assets by outsiders.
Stockholders' Equity
The value remaining in a company after liabilities are subtracted from assets, representing what is owned by the shareholders.
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