The quick ratio is a more stringent solvency ratio that looks at a company’s ability to cover its current liabilities with just its most liquid assets. The quick ratio does include accounts receivable. The quick ratio and the current ratio are key financial statement ratios used to break down...
Both annuities and bonds are insured by their issuing bodies and are often considered to be safe, stable investments—they are both part of the fixed income asset class for a reason. In terms of relative safety, bonds are issued by corporations, municipalities, and federal governments, while an...
Optimize your IRA and 401(k) strategies with these key tax-saving tips for year-end planning. Kate StalterDec. 24, 2024 Reduce Taxes on Your Retirement Savings Try these strategies to minimize taxes on money you set aside for retirement. ...
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
Here are some key differences between secured credit cards and unsecured cards. Deposit requirement.A secured card requires a cash security deposit, while an unsecured credit card does not. Credit score requirement.Most unsecured credit cards require a good to excellent credit score, which can range...
How does phishing work? Phishing works by luring a victim with legitimate-looking (but fraudulent) emails or other communication from a trusted (or sometimes seemingly desperate) sender who coaxes victims into providing confidential information—often on what looks to be a convincingly legitimate web...
3. You want to ensure that should you die before your initial principal has been distributed, an amount equal to the balance of the deposit continues to a named beneficiary ("Refund" annuity).What about funding my annuity? Can you explain the difference between qualified and non-qualified ...
What does working capital mean? Working capital is the difference between a business’s current assets (e.g., cash, accounts receivable, and inventories) and current liabilities (e.g., accounts payable and short-term debt). It’s an essential financial metric that helps ensure a company has...
Give the buyer a written receipt and keep bank records if you deposit the proceeds. Then be sure to include the amount you sold the item for as income on your tax return. The good news is that you’re only taxed on it once. If you claim its value as income in the year you find ...
When a consumer applies for a secured credit card, they are essentially entering into a financial agreement with the issuing bank. By submitting the security deposit, the cardholder demonstrates their commitment to responsible credit management. The deposit also serves as a safety net for t...