Accounts Receivable Conversion - ARC

  

Hal. E. Lou. Yeah. That kind of conversion.

Paper checks to digital ones...i.e. digital payments. In the Stone Age, things were done manually on paper, and it took armies of workers to do simple things like clear a check, or deposit money from one bank account into another. ARC is just the agreed-upon system and set of standards that electronicized more or less everything financial. Amen.

Related or Semi-related Video

Finance: What is Account Receivable Turn...20 Views

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finance a la shmoop. what does per-capita mean? well there's poor capita yeah this

00:09

guy, how would you like to be named capita and then there's per capita which [man sits under a tree]

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just means well technically per head. yep comes from Latin like oh so many

00:18

things salsa dressing and dancing among others, the word decapitation comes to [dancing feet]

00:25

mind. like what happens when those flying human taxi drones get too far to the

00:31

left or when King Henry got tired of a wife. so if that happened often it had [helicopter prop]

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throw off the per capita calculations. and same deal if we suddenly had a lot

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of two-headed people being born like the aliens in men in black and whole bunch

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other Hollywood movies. per capita is a useful metric in a bunch of financial

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calculations. a common set is GDP or gross domestic product per capita .like

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if you have a ton of GDP say ten trillion dollars from your country [100 dollar bill]

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whateverstan, if you only have a million people that's a ton of production

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productivity. but if you're say China with well over a billion people well

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then it's a much lower GDP per capita. the calculations get quoted when talking

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about things like cell phone monthly subscriptions, computer ownership or [people crowd around a cell phone]

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particularly rollicking house parties. so yeah the notion of per capita is pretty

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important but don't stress if you're not an expert yet. it's a nothing to lose

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your head over. [man carries head]

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