Monthly Archives: June 2022

What Is Sales Tax? Definition, Examples, and How It’s Calculated

This taxation without representation, among other things, resulted in the Boston Tea Party. This, together with other events, led to the American Revolution. Therefore, the birth of the U.S. had partly to do with the controversy over a sales tax! Since then, sales tax has had a rocky history in the U.S. and this is […]

Cash Flow: Definition, Uses and How to Calculate

The time period over which cash flow is tracked is usually a standard reporting period, such as a month, quarter, or year. A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that […]