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Do retailers have high inventory?
High volume, low margin industries—such as retailers—tend to have the highest inventory turnover. High inventory turnover can signal an industry as a whol...
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Can my college student file his own taxes?
Students who are single and earned more than the $12,400 standard deduction in 2020 are required to file an income tax return. That $12,400 includes earne...
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What are accounting questions?
Here are some common accounting questions about setting up books for small business. How should I record transactions? Should I use cash-basis or accrual ...
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What does the S in S corp stand for?
Subchapter S What Does S Corporation Stand For? An S corporation is named for Subchapter S of Chapter 1 of the Internal Revenue Code. It has elected to be...
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How do I report sale of property on estate tax return?
Schedule D and Form 8949 The gain or loss of inherited property is reported in the year that it is sold. The sale of the home goes on Schedule D and Form ...
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What are expected cash flows?
The cash flow an investor or company expects to realize from a project before that project begins. The actual cash flows received may be greater or less t...
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Is rent to own legal in NY?
New York has passed some of the strongest laws in the country to protect consumers who rent-to-own. The rental contract must be in writing. Also, it must ...
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What is a low risk investment called?
Riskless Securities These types of investments offer an expected rate of return with very little or no risk. Why do people choose low risk investments? Lo...
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Is it possible to get an unsecured business loan?
An unsecured business loan or line of credit is issued and supported by the owner’s creditworthiness, rather than by any form of collateral. For this type...
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Does Medicaid cover private insurance deductible?
Since Medicaid is for individuals who have limited resources and/or extensive medical needs, there are no premiums or deductibles in most cases. Medicaid ...
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