On the assumption that the ideal gas law is applicable, the humidity of a gas may be expressed in terms of its total pressure (p) and absolute temperature (T), the molecular weights of the components and the partial pressure (pv) of the vapor.
When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and expenses when you pay them. While simple, the cash method doesnât tie revenue to the expenses that helped generate the revenue, so it is difficult to figure the profitability of different operations. The accrual method solves this problem.
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement on the spot date, which is normally two business days after the trade date. The settlement price is called spot price. A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.