DAYS CASH ON HAND Definition

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DAYS CASH ON HAND is calculated: Cash/([operating expense - depreciation expense]/365).

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ACCRUAL BASIS OF ACCOUNTING is wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally accepted accounting principles (GAAP) in preparing financial statements for external users.

ECONOMIC LIFE is the time period over which an asset(s) may generate economic benefits.

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