Writing a Check
Know how much money is in your account
Always write with a pen
Make sure the date is correct
Always sign the check
Keep them in a safe place.
Taxes
Businesses provide the govt with taxes and good and services
Businesses receive services and payments from the govt
Households provide businesses with labor and payments
Businesses provide households with income and goods and services
Gross Pay vs. Net Pay
Gross pay: the total amount that an employee earns before taxes and other deductions
Net pay: the amount of money you will get to have once taxes are taken out of your check
Differences between gross pay and net pay
Payroll, federal, and state taxes
Employees complete the W-4
Social Security
Retirement benefits
Benefits for the dependents of retired workers
Benefits for the disabled and their dependents
Medicare Tax
Benefits for certain individuals when they qualify to draw social security
Workers
Retired workers
Spouses of worker and retired workers
Student Loans
Usually payments start 6-9 months after graduation
If this is not possible you must apply for a deferment of the loan
You must repay your student loan on time or there are steep consequences
Unsubsidized Loans
Not based on financial need
Intereset DOES accrue from the time the loan is disbursed to the school.
Maximum amount per school you can receive per year
Subsidized Loans
Based on financial need
Interest does not accrue on the loan while you are in school at least half time or during any deferment periods. ( the federal govt subsidizes the interest on the loan during this time)
Federal & private student loans
The interest rate on Stafford loans and PLUS loans will vary from 3.4-8.5%
Private student loans APR may vary depending on your credit history and the school
Balance Sheet 6 3.2 Horizontal Analysis on Income Statement 9 3.3 Vertical Analysis on Balance Sheet 11 3.4 Vertical Analysis on Income Statement 13 4. Ratio Analysis 14 4.1 Ratio Analysis for OrotonGroup 14 4.2 Ratio Analysis for Country Road 19 4.3 A Comparison of ORL and CTY 23 4.4 DuPont Analysis 24 5. Valuation 26 6. Other information of OrotonGroup 28 6.1 Continuous disclosure 28 6.2 Corporate governance 28 6.3 Media comments 29 7. Investment Recommendation 30…
P4 – explain all the components of profit and loss account and the balance sheet of Alfresco Ayub Mohamed 22 banter road Stingham Avenue Forest green London N13 5MT 24th June 2010 Alfresco 32 Crookdale Lane Ipswich IP32 6TY In this task I will be explaining the contents of trading and profit and loss account and a balance sheet for the Tottenham clothing company…
hope that a $12.7 billion windfall for taxpayers will translate into a job-creating spending spree may be thwarted by debt conscious Aussies, a news.com.au readers' poll indicates. Asked whether they would use their share of the one-off payment to spend, save or pay off debt, only one quarter of readers polled by 4.05pm (AEST) said they would spend it. 52 per cent would pay off debt, and 23 per cent would save the money, the poll found. "If you are lucky enough to recieve some of this package spend…
Group 9 Case #2 – Bayside REAL*4830 Feb 3, 2015 Winter 2015 Question #1 Tricon Developments Bayside property is a 95,372 gross square foot office development situated in the foothills of Kayla Park, California, a prized location for companies servicing high tech firms in Silicon Valley. The office space is situated within…
1. What is the purpose of financial statement analysis? It show trends and relationships. These also help predict the future, show weaknesses, strengths. The ratios usually are compared to other companies within the industry and industry average to see where the company stands. Source: http://answers.yahoo.com/question/index?qid=20080215185426AACTP6A 2. If a company had sales of $2,587,643 in 1998 and sales of $3,213,456 in 2003, by what percentage did sales change during this time period…
Alternatively, a business in a strong growth phase may generate significant profits, but not have the cash to pay its bills due to a higher commitment of funds to debtors and stock. Profit is a financial advantage that is understood when the amount of revenue activity exceeds the expenses, costs and taxes needed to maintain a business (Business dictionary, 2011). Although, profit is gross income less all expenses, the profit may not be present in the form of cash with a company, as some amounts will…
stepped into power following the untimely death of former President Bingu Wa Mutharika. These challenges are a direct result of inappropriate policies which caused an ever growing fiscal deficit, the steady rise of inflation, and heavy depletion of gross reserves per the overvalued exchange rate (African Development Bank Group: Malawi, 2014). Currently, Malawi is profoundly dependent on economic assistance and was granted eligibility status in 2007 to receive financial aid under the Millennium Challenge…
The Greek Debt Crisis: Can Greece’s Economy Recover? The Greek debt crisis is one of the biggest economic challenges our global economic system has faced. Fear of Greece’s enormous debt as a percentage of it’s Gross Domestic Product (GDP) and its ability to pay the interest as well as the principle of her bonds, has every nation and global markets holding its collective breath. The question of concern is can Greece recover regardless of the amount of money loaned to her? Today, the world has…
are many different concepts and factors that explain the macro economy. Many factors play into what can positively or negatively affect the economic growth of the country. The following terms will be defined and explain the impact on the economy. Gross domestic product (GDP) is the total market value of all final goods and services produced in an economy in a one-year period. It determines whether the economy is growing either more quickly or slowly than the prior quarter or same quarter of the year…
Finance By James Birch CILT (UK) Level 3 certificate Contents Intruduction 3 Tasks 4 Accounting ratios 5-6 Financial information 7-8 Cash management 9-10 Fundings 11 Pay back periods ………………………………………………………………………………..12 Budgets ………………………………………………………………………………...…....13-14 This assignment is to show how to understand where money moves within a business how we control and make decisions based on those controls, the techniques used to manage working capital…
