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Accountants consider works in progress (WIP)which are materials and partially-finished goods that await completion, to be current assets, because there’s a reasonable expectation that such items will become marketable products that can potentially convert into cash within one year’s time. Current assets contrast noncurrent assets like long-term notes receivable, and intangible assets like patents. Understanding Current Assets In financial accountingcurrent …

If most of us do our best to survive in this world, some people seem to want to leave it as soon as possible. They won’t tell you, they’ll never admit it, but their behavior speaks for them: the way they put themselves in danger on a daily basis reveals their weak attachment to life. In short, these people do …

Companies and governments issue bonds to raise money, and they pay only as much interest as they have to pay to attract investors. A financially rock-solid company or government will attract investors with an interest rate that is only a little above the inflation rate. A financially troubled borrower has to offer a better deal. The low-yield bond is better …

We recognize a good actor by his ability to improvise brilliantly without it being noticed in the final production. There are plenty of improvised cult scenes in the cinema but also in the series and very often, we do not know until well after the broadcast of the episodes that gags, reactions or entire scenes were improvised. 1. The best …

The TJX Companies, Inc. (TJX) is the parent of discount retailers TJ Maxx, Home Goods, and Marshalls. These retailers offer quality items at discount prices. The company reported earnings before the opening on Feb. 26 and beat on both earnings per share (EPS) and on revenue. The stock set an all-time high of $64.95 on the news. This strength was …

Believe it or not, everything you do in life has meaning. Your behavior, the things you buy, the stuff you say can easily allow anyone to guess every little bit of your personality (even the ones you try to hide under a mask of kindness). For example, if we look at the summer festivals you go to and the ways …

What Is a Turnover Ratio? The definition of what constitutes a good turnover ratio—or turnover rate—for a mutual fund depends entirely on the type of fund you are considering and your goals for the investment. For passive mutual fund investments, a turnover ratio near zero is appropriate. If you are investing in a more actively managed fund with the stated …

The world of video games is a small fantasy world that is increasingly renowned, so it is quite logical that as it grows its history also evolves and that with it small legends are forged like we forge iron daggers in a loop in Skyrim to level up the linked skill. So here we’re going to talk about urban legends …

Banks and non-financial entities have similar financial statementsbut a few key differences due to the nature of their businesses. Banks operate on storing customer deposits and lending money out from those deposits. As such, they earn income from the difference between the interest they earn on lending and the cost of storing customer deposits. This fundamental difference in operations results …