What is the difference between future ordinary annuity and present ordinary annuity?
In ordinary annuities, payments are made at the end of each period. With annuities due, they’re made at the beginning of the period. The future value of a...
Category: Updates
What does it mean when your bank says adjustment?
Bank Adjustments are records added to the bank to increase or decrease the current Bank balance. They can be added with a type of Payment, Deposit, or Tra...
Are private student loans fixed or variable?
Private student loans tend to offer variable interest rate options, but federal student loans don’t come with variable rates. Consider the main benefits o...
What is a line of revolving credit?
A revolving line of credit refers to a type of loan offered by a financial institution. Borrowers pay the debt as they would any other. However, with a re...
Do you need to deposit money to open a business bank account?
Once you’ve established your personal and business identities, you may need to make an initial deposit to open your account. Initial deposits and minimum ...
What are the five remedies for breach of contract?
Remedies for Breach of Contract 1] Recession of Contract. When one of the parties to a contract does not fulfil his obligations, then the other party can ...
What is changes in accounting estimates?
Definition: A change in accounting estimate is an update to an approximation to a specific accounting treatment used in the past. A change usually only oc...
Do you have to pay money up front to lease a car?
Whether you’re buying or leasing a car, the finance company generally require an upfront payment. This is known as an initial rental payment, or sometimes...
Is QuickBooks 2012 still supported?
Note: QuickBooks 2012 is no longer a supported version of QuickBooks. Can you download old versions of QuickBooks? Login to your Intuit Customer Account M...
Can an S corporation have an installment sale?
The S corporation has zero tax basis in its assets and no liabilities. The S corporation sells its assets and receives a $1,000 note due in one year. The ...
