An audit cycle is a procedure that seeks to verify the reliability of the financial information presented by a company. This, prior to the publication of its financial statements. That is, an audit cycle has the objective of verifying that the financial data of a company are valid and exact, that is, that they reliably … Leer más
Voluntarism is the political idea that relationships between human beings and between entities (or between individuals and entities) are to be carried out voluntarily in the form of agreements. In other words, voluntarism implies that all the relationships that must exist between people, organizations and institutions must be of a voluntary nature, with no obligation … Leer más
A mixed cost is one that has a fixed and a variable component, that is, it cannot be definitively eliminated and, at the same time, it increases or decreases as the company’s production level increases or falls, respectively. To understand it in another way, the mixed cost is one that has an invariable part and … Leer más
Income tax is a pecuniary benefit that natural persons have the obligation to satisfy before the State. It is calculated based on the individual’s income and certain personal circumstances. This tax is a direct tribute that is levied on the set of income, gains and capital losses of natural persons, taking into account their personal … Leer más
Decetraland (MANA) is a service offered by the Ethereum blockchain that allows the use of virtual reality to operate. Therefore, we are facing a new way of understanding the world of cryptocurrencies by Erthereum. Its system is similar to virtual games of interaction between users In this way, user communities are created that can grow … Leer más
Phil Knight (1938, Portland, Oregon) is an American businessman who founded the prestigious Nike sportswear firm. Athletics lover and sports journalist, Phil Knight and his former coach Bill Bowerman created Nike with just 500 dollars. Numerous sports stars have taken part in its advertising campaigns, proving decisive in expanding the quality image of the Nike … Leer más
The 5 C’s of credit are five elements that are evaluated of a person to determine their level of credit risk. That is, to study the client’s solvency and his ability to meet his financial obligations. In other words, the 5 C’s of credit are five characteristics or aspects that are analyzed in a debtor … Leer más
The halving is a process that periodically reduces by half the rewards for the creation of blocks in the cryptocurrency market, with the aim of stopping the issuance. The first to implement this system was Bitcoin (BTC), when its founders (under the pseudonym Satoshi Nakamoto) used it so that the issue would not skyrocket in … Leer más
The price of gasoline in Spain has skyrocketed during the first months of the year 2022 (fueling inflation) and everyone has looked for culprits. But, to know the causes, we must analyze the consequences paying attention to the statistical fallacies. Thus, some blame the Government, because taxes represent an important part of the bill. Others … Leer más
The concept of social justice refers to the need to redistribute the results produced by the market after its normal operation. But not only that, it does not stay in the economic part, but adds other facets such as labor, rights and freedoms, tolerance, integration, non-discrimination, among others. That is to say, social justice refers … Leer más
