Turnkey cost (sometimes referred to as turnkey pricing) is the total cost that must be covered before a product or service is ready to be sold and used by consumers. … Turnkey costs are often quoted by manufacturers and real estate developers to describe the costs required to complete aRead More →

Out of these two bases of limits systems, hole basis system is preferred over shaft basis system due to from manufacturing perspective it is easy to adjust the shaft dimension by using grinding or turning operation whereas holes are produced with drilling operations and it becomes complicated to do anyRead More →

Answer: The term ‘dried substance’ takes into account the loss on drying test (including class 3 solvents), whereas ‘anhydrous substance’ refers to the result obtained by water determination. How do you calculate potency on anhydrous basis? The assay on anhydrous basis is a mathematically derived value from an experimental resultsRead More →

Here are the steps for completing a bank reconciliation: Get bank records. Gather your business records. Find a place to start. Go over your bank deposits and withdrawals. Check the income and expenses in your books. Adjust the bank statements. Adjust the cash balance. Compare the end balances. How isRead More →

A non-recourse loan is one where, in the case of default, a lender can seize the loan collateral. However, in contrast to a recourse loan, the lender cannot go after the borrower’s other assets—even if the market value of the collateral is less than the outstanding debt. When a debtRead More →

Increases. The partner’s basis is increased by the following items: The partner’s additional contributions to the partnership, including an increased share of, or assumption of, partnership liabilities. The partner’s distributive share of taxable and nontaxable partnership income. How are nonrecourse liabilities allocated? Generally, excess nonrecourse liabilities are allocated to theRead More →