Category: Accounting

Today’s Mortgage Rates: (Texas) 30-Year Fixed Rate 6.375% 6.606% 20-Year Fixed Rate 6.375% 6.680% 15-Year Fixed Rate 5.875% 6.252% 5-Year ARM Rate 5.750% 5.740% Texas Jumbo Home Loans – Amounts that exceed conforming loan limits $417,000. Remember a jumbo mortgage loan is a home loan that exceeds $417,000. Usually, if the client has good enough…

Managing receivables is fundamental in every firm’s cash flow as it is the amount expected to be received from customers for products or services provided (net realizable value). Receivables are classified as current or noncurrent assets. These transactions are recorded on the balance sheet. Current receivables are cash and other assets a company expects to…

I finished collage in the early 80’s which I suppose makes me a dinosaur, but a dinosaur with memories at lest. One of the memories I took away from collage, which I didn’t fully comprehend until the last five years, was the mantra of one of my economic professors who repeatedly told me along with…

“Home is where the heart is”, a place that gives you emotional and spiritual warmth. The growing real estate prices have made buying a property a daydream for most of us. Home Loan is a way, which brings you closer to your ‘dream home’. Types of Home Loan You can avail if for constructing a…

VoIP is a remarkable technology that emerged onto the scene in the last century. This was a technology that was directly dependent on the availability of Internet. But like Internet, basic telephone & mobile phones, this technology did not make a rapid progress at the beginning. But there came a time when people realised that…

In the year 1968, a financial economist called Edward Altman, then an Assistant Professor of Finance at New York University published what is popularly known in the global finance community as the Z-Score formula for predicting corporate bankruptcy. With the published formula, it was possible to use historical accounting data to predict the failure of…

A revocable trust offers the Grantor a number of incredible benefits and opportunities. In 2011, the estate tax will rise to 55 percent on everything over the first million dollars. A million dollars may sound like a large amount of money but it is really quite small when you consider that it includes life insurance…

One might be led to believe that profit is the main objective in a business but in reality it is the cash flowing in and out of a business which keeps the doors open. The concept of profit is somewhat narrow and only looks at expenses and income at a certain point in time. Cash…