2010 Stimulus check & Economic Stimulus Package News & Update

Stimulus Check

2010 Stimulus check

The 2010 stimulus check is set to help over 90% of Americans, but how will this affect you? The changes... 


Economic, Insurance, Legal, Loan & Tax

Net Income

A company’s total earning is called Net Income. Once all the cost of doing business, depreciation, interest, taxes and other expenses are adjusted against revenues, the amount you get is the company’s net income. Net income is also referred to as net profit, or net earnings. In the U.K., net income is known as “profit attributable to shareholders”. It is also referred to as the bottom line since is listed at the bottom of the income statement. Net income may be distributed among holders of common stock as a dividend. On the other hand, it may be held by the firm as retained earnings. The formula for net income is as follows: Total Revenues – Total Expenses = Net Income The items included in expenses vary from firm to firm and depend upon the nature of the firm’s business. In most cases, the items included in expenses... 

Loan Covenants

A certain kind of condition that is created relating to the issue of loan or bond of commercial nature is popularly known as loan covenants. During such a condition of loan covenants, the borrower requires to fulfill some definite prerequisite. In some of the cases, when conditions of loan covenants takes place it even restricts the borrower from assuming definite kind of actions. In addition to this, during conditions of loan covenants it is most like that it will even confine some definite events to that of a few specific situations, at the time when further state of affairs are encountered. Observations have revealed that generally when conditions of loan covenants are violated it is seen to have resulted to a situation which leads to a proclamation about the non-payment on the loan. In some other cases in situations when there is a... 

Purchasing Power Parity

Purchasing Power Parity It is a theory that tends to estimate the ratio and extend of adjustment to be done on the exchange rate among countries so that the exchange can be equal to each country’s currency purchasing power. It is a technique that is used to simply determine the relative value of two varied currencies. Purchasing power parity is of great importance and useful because normally the amount of goods a currency can purchase varies greatly in two different countries. The variable is caused mainly by the supply and demand of the goods, among many other factors. What PPP does is simply take an international measure and determine the cost for that measure in either of the two currencies, and then compare the amount. As a result, the exchange rate adjusts so that a particular good in two trading nations has an equal price when... 


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