Explain How Companies Like Airbnb and Uber Are Changing the Way

question 43

Essay

Explain how companies like Airbnb and Uber are changing the way that companies are doing business.

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Definitions:

Journal Entries

Records that document all the financial transactions of a business and show the accounts affected by each transaction.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as its original cost minus accumulated depreciation or amortization.

Bonds

A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage of the principal.