CFAJournal

How to Record Interest Receivable Journal Entry? (Example, Definition and More)

Overview When an organization has an interest-earning bank deposit or another interest-bearing receivable, it should account for any interest receivable at the period’s end by adjusting with a correct journal entry. This is because interest (income) is gained over time. Similarly, the company’s total assets and total revenues on the balance sheet and income statement …

How to Record Interest Receivable Journal Entry? (Example, Definition and More) Read More »

Is It Worth Investing in Breeze Airways Stock? Here What You Should Know

Investment, Shares

Since the start of 2022, equities markets have remained quite unstable, primarily due to macroeconomic factors such as the outbreak of a new variant of coronavirus, the recent war between Ukraine and Russia, and immense fears over escalating interest rates. Having said that, the prospect of making money will never fail to keep the public …

Is It Worth Investing in Breeze Airways Stock? Here What You Should Know Read More »

Does Home Depot Offer Employee Discounts On Their Merchandise?

Financing

You might have heard the name Home Depot, a home improvement retailer. They provide the facility of home appliances, construction supplies, and various household tools. Home Depot believes that its employees are behind its enormous success. Home Depot offers a vast range of employee benefits packages to help its employees with several retirement privileges and …

Does Home Depot Offer Employee Discounts On Their Merchandise? Read More »

What Is a Memorandum For Deposit of Title Deed (MODT) In a Home Loan?

Bank, Loans

A house loan is a bank-backed loan secured by the safety of an underlying asset. A home loan can be used to purchase an unfinished property, a resold property, or even build a house on an empty lot. The title of the property is returned once the borrower repays the amount. If the borrower fails …

What Is a Memorandum For Deposit of Title Deed (MODT) In a Home Loan? Read More »

How Does Trading in a Financed Car Work?

Finance

You can always trade-in your financed car even if you haven’t paid off the full loan. Trade-in deals are lucrative but costly options. Let us discuss some key factors that can help you get a good trade-in deal for your financed car. How Does Trading in a Financed Car Work? You can trade in a …

How Does Trading in a Financed Car Work? Read More »

Do I Need Full Coverage When Financing a Car?

Financing

Full insurance coverage is required for leased or financed cars in most states and by most lenders. Although it is not a legal requirement, you may need it when financing a car. Let us discuss what is the full coverage and when you need it. What is Full Coverage Car Insurance? Full coverage car insurance …

Do I Need Full Coverage When Financing a Car? Read More »

Risk Behavior and Risk-averse – Definition, Explanation, and Analysis

Economic, Finance

Risk behavior defines the characteristics of an investor. The risk behavior can be closely linked with the personal behavior of investors. However, many other factors also influence and shape risk behavior. Let us discuss what is risk behavior, risk aversion, and different types of risk profiles. What is Risk Behavior? Risk behavior refers to the …

Risk Behavior and Risk-averse – Definition, Explanation, and Analysis Read More »

Does New Financing Affect Your Credit Score?

Financing

New financing does have an impact on your credit score. It can help you improve your credit score as well as harm it. Let us discuss how new financing affects your credit score and which factors are critical for you. Does Financing Affect Your Credit Score? New credit financing does affect your credit score. It …

Does New Financing Affect Your Credit Score? Read More »

When Financing a Car, What Insurance Do I Need?

Financing

There are minimum car insurance requirements in every state. Financed cars also require these minimum insurance plans. Then, there are a few optional or add-on insurance plans that protect financed cars in different situations. What is Car Financing? Car financing means buying a car with borrowed money from a lender. You do not pay the …

When Financing a Car, What Insurance Do I Need? Read More »

How Often Does SSI Check Your Bank Accounts? (Your Guidance)

Bank

The Social Security Administration (SSA) reviews the bank accounts of the beneficiaries of Supplemental Security Income (SSI) to check whether they are still eligible to avail of the benefits of this program or not. The program was designed to help the low-income elderly, retired or disabled people to meet their basic needs. You can lose …

How Often Does SSI Check Your Bank Accounts? (Your Guidance) Read More »