Understanding Financial Products and Services
Review Finances
Check Window
A check from the same bank, rarely used, when you don’t have your checkbook and need to withdraw funds from your checking account.
Certified Check
The current account holder can request the bank to withhold the amount under the check until payment, ensuring its payment (if funds are available). The deadline is 15 calendar days or the time of conformity.
In Case of Default, How Can You Prove Non-Payment?
Notarial Protest
A statement attesting to the default, issued in a report
Read More1929 Stock Market Crash: Causes, Effects, and Solutions
Crisis of ’29: Wall Street Crash
It started as a simple drop in stock prices and became the biggest crisis of capitalism. Contributions of shares held continually raised in New York and accumulated profits. The activity appeared to offer increased benefits and insurance. With readily available loans to buy shares, speculation increased even more.
The Evidence: Things Go Wrong
- Commodity values decreased.
- UK’s economic difficulties.
- German industrial production stagnated.
- International trade experienced
Key Concepts in Economics and Tourism
Economic Terms
Action
Parties which divide the capital of a corporation.
Operators
Person or institution making economic decisions for the country’s economic performance.
Hwy
Highway. Via with large capacity equipped with separate lanes for both directions and free of level crossings, allowing high-speed circulation not exceeding 120 km/h.
Highway
Faster, similar to the highway by the existence of separate lanes for both directions, lack of level crossings.
Balance of Trade
The difference between domestic
Read MoreEssential Business Concepts: Structures, Strategies, and Finances
1. Company Definition
A system of interrelated elements working together to maximize benefits. Economic and Financial Aspects: Companies create wealth by paying productive factors, contributing to societal economic development. Legal-Commercial Aspect: A business is an asset aimed at profit, generating contractual relationships. Technology and Production: Companies combine production factors to create goods or services.
2. Employer
The agent responsible for directing the company’s physical and human
Read MoreEconomics Basics: Resources, Goods, and Market Dynamics
Topics in Economic Sciences
Economy (Classical Definition)
Economics is the science that studies the optimal allocation of scarce resources among alternative uses in the production of goods and services to meet unlimited human needs.
Goods and Services
Goods
Goods are the tangible result of a production process, created to satisfy materialized human needs.
Services
Services are the intangible result of a production process, created to satisfy non-materialized human needs.
Types of Goods
Free Goods
Free goods
Read MoreTesla’s Strategic Roadmap: Navigating the EV Revolution
Tesla’s Financial and Competitive Landscape
Financial Position (FP)
- Profit Margin: Tesla demonstrates strong profit margins compared to industry standards, indicating efficient cost management.
- Debt-to-Equity Ratio: Tesla’s debt-to-equity ratio has improved through debt reduction and equity growth.
- Return on Assets (ROA): Tesla’s ROA is strong, reflecting efficient asset utilization for profit generation.
- Free Cash Flow: Tesla generates strong free cash flow, enabling reinvestment in research and expansion.