Does changing jobs affect getting a mortgage?
If you plan to change jobs during the mortgage application process, it is important to tell your lender as early on as possible. Changing jobs during your...
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What are the principle reasons for holding cash?
The two principal reasons for holding cash are for transactions and compensating balances. The target cash balance is not equal to the sum of the holdings...
What may be concern if you have an adjustable rate mortgage ARM?
A lot of borrowers are concerned that if they get an ARM mortgage, the rate may eventually spiral out of control once it starts adjusting. First, there’s ...
What happens after a credit card goes to collections?
Once a bill is sent to collections, the collection agency will contact you for payment and you’ll no longer hear from your creditor or be able to pay them...
Is LLC sole ownership?
An LLC is a legally separate business entity that’s created under state law. An LLC combines elements of a sole proprietorship, partnership, and corporati...
What is the journal entry for preferred stock?
Stock issuances Debit Cash or other item received (shares issued x price paid per share) or market value of item received Credit Common (or Preferred) Sto...
What does NPV equal?
Net present value, commonly seen in capital budgeting projects, accounts for the time value of money (TVM). A project or investment’s NPV equals the prese...
How do you respond to thank you?
10 English Phrases for Responding to “Thank You” You’re welcome. No problem. No worries. Don’t mention it. My pleasure. Anytime. It was the least I could ...
Which banks charge the highest fees?
According to banking analysis by MyBankTracker, the average basic checking account fee at the top 10 U.S. banks is at $9.60. Currently, the most expensive...
What does an amicable divorce look like?
An amicable divorce means a civil divorce, where both spouses agree to property division, spousal and child support, visitation and custody. It may not me...
