Suppose you’re starting an expensivehome renovation project. By opting for a fixed-rate personal loan, you secure funding with the peace of mind that the interest rate will never change. This is particularly beneficial in an economic climate where interest rates are unstable. With a fixed-rate...
A flat lease is a type of lease agreement that commits the tenant to pay a fixed amount at specific periods throughout the...
SBA loan rates vary by lender and may be fixed or variable. The SBA allows lenders to negotiate interest rates with borrowers, but the rate cannot exceed the SBA maximum interest rate, which can factor in: The daily prime rate, based on Federal Reserve actions. The London Inter-Bank ...
Because a lease is more like a rental, there will be conditions on your vehicle use, the most common of which is the mileage cap. This cap ensures that your vehicle depreciates as expected by the leasing company. If you go over it, you may be charged fees at the end of your lease ...
A flat lease is a type of lease agreement that commits the tenant to pay a fixed amount at specific periods throughout the...
A flexible expense is a regularly occurring cost with an amount that changes from month to month. Key Takeaways There are two major types of expenses: fixed and flexible. Flexible expenses are controllable costs that vary from week to week or month to month. Cutting costs by adjusting flexible...
Fixed-Price– An agreement between a buyer and seller who each agree in advance on what constitutes full payment for services and supplies provided in a contract Cost-Reimbursement– Used when the amount of work cannot be described in definite terms, or it is difficult to estimate the costs wi...
Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
A lease is a contract between alessoror property owner and alesseeor tenant. This contract is often written and gives the tenant exclusive use of the property for a certain period of time. The tenant agrees to pay the owner a fixed sum of money on a regular basis, whether that's weekly,...
which requires a company to calculate thepresent valueof an obligation on its financial statements. For example, if the present value of the lease obligation is estimated at $100,000, the company records a $100,000 debit to the fixed asset account and a $100,000 credit to the capital leas...