Accounting practices are cumbersome to maintain for even the largest companies with sufficient capital to hire multiple accountants to scrutinize their records. The burden is even more onerous for small businesses and start-ups without enough funding to hire an expert. In situations like these, small business owners frequently undertake accounting efforts themselves. In either case, […]
Taxes for Dummies Book Review – Finance For Dummies
This Taxes for Dummies review article is written to help the thousands, if not millions, of readers out there who are clueless about taxes. The books under review cover information on 1040, 1040EZ and 1040A. Other useful information you can get from these books include information on tax-saving tips and simplifying IRS technical terms to […]
What Is Par Value vs Market Value? – Finance For Dummies
Par value and market value are distinctly different from one another. In a nutshell, to understand what is par value refers to the stated or face value of an asset such as a house, a car, a stock, a bond, or anything that has a tradable value. While market value is determined by someone’s willingness […]
What Is Net Income – How To Calculate And Find It?
Financial reports, or financial statements, include a balance sheet (statement of financial position), income statement (P&L or statement of comprehensive income), statement of changes in equity (statement of retained earnings) and cash flow statement. The bottom line of the income statement is net income. This is why many people may want to ask: “what is […]
Mutual Funds For Dummies Book Review
Mutual funds are one of the most common ways of investing money, whether you are an active trader, just looking to save money for retirement, or anything in between. Mutual Funds for Dummies is one of the best-selling introductory books that approach these investment vehicles. In this article, we review its most recent edition to help you […]
What Is the Prime Rate and How Does It Work? | Finance for Dummies
Simply put, the prime rate is the interest rate a bank will charge on a loan to its most creditworthy customers. The prime rate can fluctuate from bank to bank and is partially determined by another interest rate known as the Federal Fund Target Rate (FFTR). There is a good deal more that goes into […]
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