What Is a Swaging Machine?

Swaging is a metal forming process that uses compressive forces to deform and shape roundish workpieces into desired shapes, often reducing their diameter. It’s also used to add a point to a rod or tube, as well as impart internal shapes to hollow workpieces through use of a mandrel (provided the shape has a constant…

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What Is a Balance Sheet?

The balance sheet is one of the three core financial statements (along with the income statement and cash flow statement). It provides a snapshot of a company’s assets, liabilities and ownership equity at a particular point in time. It’s based on the fundamental equation: Assets = Liabilities + Equity. While the contents of a balance…

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