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Current assets on the balance sheet include cash, cash equivalents, short-term investments, and other assets that can be quickly converted to cash—within 12 months or less. Because these assets are easily turned into cash, they are sometimes referred to as “liquid assets.” Cash and Cash Equivalents Cash and cash equivalents under the current assets section of a balance sheet represent the amount of money the company has in the bank, whether in the form of cash, savings bonds, certificates of deposit, or money invested in money market funds....

One of these tools is the Price per Earnings (P/E) to Growth (PEG) ratio. Less well-known than its fundamental cousins, this ratio can give you a more informed view of a stock’s actual value, and thus the potential for earning, once you know how to use and interpret the results correctly. The Formula Components The P/E ratio is a key component of the PEG ratio. You can calculate the P/E by taking a stock’s current share price and dividing it by its earnings per share (EPS)....

There are several different types of IRAs. Each has its own tax implications and eligibility requirements. Traditional IRAs You can claim a tax deduction when you contribute money to a traditional IRA. Since this deduction reduces your taxable income, you don’t pay income tax on the money you set aside in the account. The savings grow tax-deferred. You won’t have to include interest, dividends, or capital gains from the IRA on your annual tax return....

Real gross domestic product, or GDP, increased at an annual rate of 6.5% in the second quarter, an acceleration from the 6.3% increase in the first quarter, according to data released Thursday by the Bureau of Economic Analysis. While the increase was less than economists expected, it was still about double the average growth rate for quarterly GDP prior to 2020 Consumers did most of the heavy lifting, aided by government relief programs like the stimulus payments issued in March and fewer restrictions on businesses....

Congress is the legislative branch of the federal government. The other two branches are the executive and judicial branches. The executive branch consists of the president and executive agencies. The judicial branch consists of the Supreme Court and the lower federal courts. What Does the Senate Do? The Senate has three functions concerning national interest that only it can perform. First, it confirms or disapproves any treaties the president negotiates with other countries....

In some markets, buyers drive by a home, spot a “for sale” sign, and slam on the brakes. The question isn’t whether you should have a sign in the yard—unless you want to keep secret the fact that your home is for sale—and some sellers do. It’s whether the “for sale” sign will generate an inquiry about your home. Most sellers expect buyers to call for more information. If you are selling the home yourself, a sign can encourage a buyer to immediately call....

The cards will be connected to the myWalgreens program, unveiled in November, to give cardholders access to cash rewards and other store offers. The flagship credit card, to be issued by Synchrony Bank, should be available to consumers in the second half of this year and will be usable anywhere Mastercard is accepted. A third store-only credit card will also be available. Fees and rewards terms were not released. While store-branded credit cards are quite common, they’re unusual for a drugstore....

Our weekly credit card news roundup contains all the things you should know about the cards in your wallet, other available offers, and new product announcements or reports that made our ears perk up even as we’re hunkering down. What’s the Lowdown? Here’s what caught our attention between Dec. 11 and Dec. 17, 2020: Chase Flexes New 5% Cash-Back Categories If you have a Chase Freedom or Freedom Flex card, it’s time to enroll in the first set of 5% cash-back categories of 2021....

Treasury bills: Short-term government securities with maturities ranging from a few days to 52 weeks. Bills are sold at a discount from their face values.Treasury notes: Issued with maturities between two and 10 years, and pay interest every six months.Treasury bonds: Pay interest every six months and mature in 20 or 30 years. Bonds issued by cities, towns, or regional or local governments are municipal bonds. How Government Bonds Work Governments receive revenue through taxes, which are used to pay for health services, infrastructure, security, and other services....

Covered services and reimbursement limits vary by provider, but may include the following: Annual physical examsRecommended vaccinationsRoutine blood workFecal and urinalysis testsFlea, tick, and heartworm medicationsDental careGrooming Wellness plans may be offered in tiers, which let pet owners select one that most closely resembles the level of care they expect to need. In general, as the monthly premiums go up, so will the reimbursement limits and the breadth of services covered....

Stocks Represent Ownership Stocks are simply ownership shares of corporations. When a company issues stock, it is selling a piece of itself in exchange for cash. Suppose a corporation makes it through the startup phase and becomes successful. The owners wish to expand, but they are unable to do so solely through the income they earn through their operations. As a result, they turn to the capital markets for additional money....

There are reasons that your unemployment claim can be denied, and you can be disqualified from collecting unemployment. Each state determines who qualifies to receive unemployment compensation and what factors can disqualify you from collecting. Here’s an overview of the guidelines for qualifying for unemployment and the circumstances that can disqualify a worker from receiving compensation when they are out of work. Eligibility for Unemployment Benefits The U.S. Federal-State Unemployment Insurance Program provides unemployment benefits to eligible workers who are unemployed through no fault of their own....

What does it mean to nationalize banks, and how would nationalization affect banks? What Is Nationalization? Nationalization occurs when a government takes over a private organization. Government bodies end up with ownership and control of the business, and the previous owners (or shareholders) lose their investment. Banks in the United States are typically businesses, not government agencies. The bank’s owners might be stockholders, a family, a small group of people, or other investors....

Seniority is important in some private sector establishments and among professions, skilled trades, and union-represented workplaces. Forward-thinking organizations are less likely to provide a preference for senior employees unless the preference is part of the factors considered in salary, promotion, layoff, and other workplace employment decisions. In evaluations of employees, other considerations in addition to seniority include the employee’s contribution to the accomplishment of work goals, building successful relationships with other employees, a commitment to developing and maintaining the desired workplace culture, and a commitment to the creation of an environment that helps employees grow and succeed....

Seven years is the length of time that many negative items can be listed on your credit report, as defined by the Fair Credit Reporting Act. This includes things like late payments, debt collections, charged-off accounts, and Chapter 13 bankruptcy. Certain other negative items, like some judgments, unpaid tax liens, and Chapter 7 bankruptcy, can remain on your credit report for more than seven years. What the 7-Year Mark Means Most negative items will simply fall off your credit report automatically after seven years from the date of your first missed payment....

More often than not, the answer to this question is yes. But if you receive or seek an hourly to salary position, it’s important to analyze the positives and potential negatives. The Pros and Cons of Transitioning From Hourly to Salary It may sound counterintuitive, but you may actually take a pay cut when moving from an hourly to a salaried position. This is because contract workers are typically paid a higher hourly wage in order to make up for the lack of security and health insurance and retirement benefits....

Lilly Bloom / Getty Images The federal income tax is a common direct tax. The amount of income tax you pay depends on how much you earn, whether you’re single or married, whether you have children or other dependents, and other factors. In general, the federal income tax brackets levy larger percentages of income tax on higher incomes and smaller percentages on lower incomes. This progressive tax system means that people who earn more money pay more income tax directly to the government....

When this happens, the people involved in the home closing can choose to complete closing anyway. In other words, they’re moving ahead with the transaction and filing all the paperwork with the expectation that the funds will arrive soon. This is called a “dry closing.” In most states, this practice isn’t allowed. Only a handful of states allow for a dry closing: AlaskaArizonaCaliforniaHawaiiIdahoNevadaNew MexicoOregonWashington In all other states, the loan must be fully funded once all the loan documents are signed and closing occurs....

Credit cards are the most common way that consumers obtain credit. One of the perks of having a credit card is that you can borrow money without paying off your balance in full every month. However, taking your time to repay your debt comes at a price. Your card issuer will charge interest on any balance you don’t pay off by the end of the month. The interest cost is a finance charge....

An investment can often be worthwhile because of its ability to balance out other investments in your portfolio. For example, suppose you are invested almost exclusively in U.S.-based companies. While these stocks may be good performers for you, they may also leave you exposed to bad results if the U.S. economy takes a dive. You can diversify your portfolio by mixing investments in varying industries and sectors, investing in foreign companies, or investing in various types of assets....