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Incremental IRR (Internal Rate of Return). Calculation of Incremental IRR.

In this article, we're going to talk about the incremental internal rate of return. so the reason we need an incremental in IRR is that let's say we had a situation where we had a cost of capital of 8%  and we have 2 different projects or 3 projects and we say oh look the return on "Project 1" is 21% the return on another is 28% and then the return on another is 30%.  We can't just say oh well let's just look and pick the highest IRR and say oh that's the project we want to do and the reason that we just can't look at one IRR and compare to another is that projects are going to differ based on the scale of the investment the timing of the cash flows in the riskiness of those cash flows. So when we're trying to compare projects based on IRR we can run into problems when we have differences that quote on these three levels. Incremental IRR is basically finding a way for us to compare two projects based using the IRR method. So let's walk

Accounting Concepts Definition

What is Accounting Concepts? Accounting concepts are a set of beliefs that help to post a transaction in the proper manner. Concepts can also be described as accounting frameworks. Some accounting frameworks are now strictly maintained as accounting standards. Completeness: Accounting information should be complete and contain all the necessary data to analyze the information. Availability: Accounting information should be available to its users on time. If it's not presented on time then this could lose its useability. Understandability: Accounting information is prepared for the stakeholders. They may be external or internal. So, the information should be presented so that everyone can get their desired data from the report. Relevance: Accounting information should be relevant to the needs of the users. No bias information should be provided. Reliability: Accounting information should be reliable to its users, should not contain any misleading information that might effect the d

The 10 Billionaires in the World (Updated November 01, 2022)

There are 2668 billionaires according to Forbes in 2022. Most of them are founders of the biggest companies and others are investors and other stakeholders. They have their ways of avoiding selling stocks and taxes. Most of them and their companies are publicly traded, so it's possible to fluctuate their net income every month or even every day with the market valuation. Below are the  10  billionaires  people on the planet  as of November 01, 2022, according to the Bloomberg Billionaires Index. Key Changes: Elon Musk is the first on the list with a net worth of  $224 billion . 2nd position is held by Jeff Bezos, with an estimated net worth of  $144 billion . The top 6 billionaires are from technological industries. 1. Elon Musk Born: June 28, 1971 (age 51 years), Pretoria, South Africa Net worth: 199 billion USD (2022)  Children: X Æ A-Xii, Vivian Jenna Wilson, Exa Dark Sideræl Musk, MORE Spouse: Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–20

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The 10 Billionaires in the World (Updated November 01, 2022)

There are 2668 billionaires according to Forbes in 2022. Most of them are founders of the biggest companies and others are investors and other stakeholders. They have their ways of avoiding selling stocks and taxes. Most of them and their companies …

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Accounting convention

What is an Accounting Convention? Accounting convention is the transaction recording process that is practiced over a long time. Accounting convention is not recorded rules like accounting standards, these conventions are used to fill the gaps in t…

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Accounting Control Definition

What is Accounting Control? Accounting control is the method of ensuring the efficiency and validity of financial statements and managing risks. Accounting control helps to mitigate the risks in the organization and apply safeguards. Accounting con…

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Accounting Cost Definition

What is Accounting Cost? Accounting costs are the value for money produced to get benefits or services. The costs that are not fully consumed are reported in the balance sheet and the costs that are consumed are recorded in the statement of compreh…

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Accounting Concepts Definition

What is Accounting Concepts? Accounting concepts are a set of beliefs that help to post a transaction in the proper manner. Concepts can also be described as accounting frameworks. Some accounting frameworks are now strictly maintained as accounting…

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Accounting equation definition

What is the Accounting Equation?  An equation that shows the relationship between Assets, Liabilities, and Owner's Equity is known as the accounting equation. The left side of the equal sign shows the assets and the right side of the equation sh…

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Cash flow statement indirect method

What is the Cash Flow Statement Indirect Method? A cash flow statement can be prepared in two ways, One is the direct method and the other one is indirect. The indirect method of preparing cash flow is a system to convert the line item of the balanc…

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The 5 characteristics of Bitcoin's energy consumption.

Bitcoin is an exceptionally flexible consumer of energy, research, and data analytics firm Arcane Research noted in its report titled: "How Bitcoin Mining Can Transform the Energy Industry".  The energy consumption of Bitcoin has been one …

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