General George Patton failed math in his freshman year at West Point but excelled after studying through the summer. He became a top military commander in WWII and helped liberate Germany. He was also skilled in fencing and placed fifth in the pentathlon at the 1912 Stockholm Summer Olympics. He was awarded the Purple Heart […]
Sabbatical is related to Sabbath and Shabbat, which are religious breaks. It can be a period of rest or work lasting a year or more. Professors often take sabbaticals for research, learning or refueling. Other professions offer sabbaticals for study or spiritual reflection. Sabbaticals can be costly but rejuvenated employees can benefit the employer. It […]
The average American uses 3,500 cubic yards of water per year, equivalent to a standard lap pool, or nearly 70 gallons per household per day. Toilets and washing machines use the most water in households, while the food industry also consumes a lot of water. People in China use only 900 cubic yards of water […]
First Year Rate of Return (FYRR) is the amount of return generated during the first year of a business initiative, project or contract. It is used to evaluate the effectiveness of the effort and determine whether it will continue for another year. The rate of return can be positive or negative, and is used to […]
A crop year is the year when a small business receives investment capital, which can affect the success of the pilot run. Business cycles and funding sources can impact the return on investment, and undervaluation can help new companies retain more earnings. The source of funding also impacts the amount of money a business can […]
The fiscal year is the annual period after which businesses or individuals must file taxes, but it differs in various countries. Shareholders may pay taxes on profits they have not yet received, and individuals can defer tax payments to later years. The fiscal year, also known as the fiscal year or the accounting period, is […]
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