Average total assets show the operating efficiency of a business and can be used to compare net income in terms of assets. It is a commonly used financial metric with a few simple steps to calculate the figure. However, it does come with some limitations as it uses historical data. Let’s dive into the details …
Audit tick marks are supportive tools for auditors that help them define their auditing opinions about the financial statements they review. These tick marks can be symbols or abbreviated notations. They can be defined differently by auditing teams in different regions. Let’s go through the details and find out what are audit tick marks, how …
Sending and receiving payments through Cash App is a quick and easy process. However, you may face technical issues or get a rejected transaction for some reason. Let’s dive in to know what can cause your Cash App payment pending message, the top 5 reasons, and solutions for them. How Does Cash App Payment Work? …
Why is My Cash App Payment Pending? 5 Reasons and Solutions Read More »
Wells Fargo customers can enjoy the hassle-free and convenient service of mobile deposits for checks. The service enables customers to deposit mobile checks 24/7 and without any extra charges. Most account holders having a checking or savings account are eligible for this service. Let’s dive into the details of Wells Fargo Mobile Deposit Limit, Fees, …
Wells Fargo Mobile Deposit Limit, Fees, and Cutt Off Times Read More »
Boscov’s is a renowned departmental store chain in the US. It offers an in-house credit card to its frequent shoppers. This credit card is managed by Comenity Capital Bank and can be applied online or in stores. This credit card offers different promotional and reward benefits to its users. Let’s dive into the details of …
How to Find and Use Your Boscov’s Credit Card Login? Payment and More Read More »
When you make a credit card transaction or issue a check and there is insufficient balance in your account, the bank may help you clear such transactions. However, the bank will charge you for offering this help, called overdraft charges. The Bank of America also provides an overdraft facility to its customers but knowing how …
Cash App lets you borrow money up to $200 if you fulfill the eligibility criteria. However, there is no possible way of getting free money from this app. Users can use this app for several types of financial transactions including money transfers, cash withdrawals/deposits, banking, investments, and stock market transactions. Let’s dive in to know …
The Solvency ratio is a measure to analyze the long-term liquidity risk of an entity. The Basel III accord recommends a minimum of 8% capital reserve requirements for all banks for better liquidity risk management. Solvency ratio is often considered a similar term to liquidity ratio. However, both these terms measure the cash flows, liquidity, …
What is Solvency Ratio? How Is It Important for Banks? Read More »
The liquidity coverage ratio (LCR) is a measure to analyze the liquidity risk of an entity. The Basel III accord recommends an LCR of 100% for better liquidity risk management. Let’s discuss what is the liquidity coverage ratio and how it is important for banks. What is Liquidity Coverage Ratio (LCR)? The liquidity coverage ratio …
What is Liquidity Coverage Ratio (LCR)? How Is It Important for Banks? Read More »
Leasing vs financing is a key decision for individuals as well as businesses. Both arrangements come with discrete benefits and some limitations. Let’s discuss leasing v financing and their key differences. What is a Lease? A lease is a contract between two parties where the first party (lessor) agrees to let the second party (lessee) …
