Examlex
You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a very good show and place only a $10 value on seeing the remainder of the show. Alternatively you could leave the theater and go home and watch TV or read a book. You place an $8 value on watching TV and a $12 value on reading a book.
Decimal Place
The position of a number to the right of the decimal point, used to represent fractions of a whole in decimal notation.
Horizontal Analysis
A financial analysis technique that compares historical financial data over a series of reporting periods to identify trends and growth patterns.
Vertical Analysis
A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.
Balance Sheet Data
The information presented on a balance sheet, which includes assets, liabilities, and shareholders' equity at a specific point in time.
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