Thursday, December 15, 2011
How would having your cash balance in a current account affect the performance of a firm?
good for cashflow as you can draw your cash out when required but you would recieve less interest as oposed to a deposit account which would have a higher interest rate but probably require you to give notice whenever you want to make a withdrawal. not all your cash will be profit though as you will have liabilities, reserves and maybe dividends to pay from your cash balance. This is where careful cashflow management helps as if you get it right you can avoid taking out overdrafts etc to finance your cashflow requirements, saving the firm money. You also need to make sure that you have a good balance between what is tied up in assets and ready cash. if the assets arent working for the business it maybe better to liquidate them so you save on overdraft costs etc.
What is the current balance on your credit card(s)?
just curious|||$1300 - Balance transfer at 0% interest, no purchases.
$0 on the rest|||i actually jut checked, i have one that has all the credit avaiable and another that i owe 41.41, my husband in teh other hand has 3 and they are all packed up!!!|||Z.E.R.O and I keep it that way!|||I don't have any credit cards!!|||Show me yours and I'll show you mine.|||about $150 on my mbna and $1500 on my Lowe's
Why, what is yours?|||About $650, but I'll pay it off when the statement comes. Avoid paying credit card interest unless it's an emergency, then pay it off ASAP.|||my current c/c balance is ( - $32.00 ).
how that sound 2 u ?
$0 on the rest|||i actually jut checked, i have one that has all the credit avaiable and another that i owe 41.41, my husband in teh other hand has 3 and they are all packed up!!!|||Z.E.R.O and I keep it that way!|||I don't have any credit cards!!|||Show me yours and I'll show you mine.|||about $150 on my mbna and $1500 on my Lowe's
Why, what is yours?|||About $650, but I'll pay it off when the statement comes. Avoid paying credit card interest unless it's an emergency, then pay it off ASAP.|||my current c/c balance is ( - $32.00 ).
how that sound 2 u ?
How can I get balance transfer offers on my current credit cards?
I have several cards with larger balances and I would like to transfer balances but many of them aren't offering balance transfer. Anyway to get the banks to give me some good offers?|||You can call your current issuers and ask about balance transfer deals...or you can go to their individual websites and click on the "balance transfer offers" tab...many offer this, including Chase, Discover, Capital One, American Express, Citi, etc...
Just note that you can't transfer a balance within the same company, e.g. you can't balance transfer a Citi credit card balance with a Citi balance transfer.|||No way to "make" banks do anything.
Just note that you can't transfer a balance within the same company, e.g. you can't balance transfer a Citi credit card balance with a Citi balance transfer.|||No way to "make" banks do anything.
Available Balance and Current Balance?
I just recently opened up an account with PNC. I have never seen this available balance and current balance before. I cashed my check yesterday, and today it shows me a Avaliable Balance of 75.79 and a Current Balance of 327.79; I haven't used my debit card so what is my actual balance?|||Always go by your available balance so you don't accidentally overdraw your account. Typically the difference is due to a deposit you have made for example if your available balance is $75 but you deposit a check for $25 then your ledger balance would show $100 and there will be a difference in your balance until the funds are made available. Hope this helps!|||These are for bank a/c procedure,available balance is your balance in your accout.
Is there a bank that will notify you, via SMS, your current account balance after a debit/credit purchase?
A guy from Norway showed me on his phone and it was fast and convenient!|||I have no idea|||my mother has an account with netspend and they send her messages with her balance through text message right after she uses her card. it comes instantly|||Commerce bank. Don't know if you live in their area
https://www.commercebank.com/default.asp
https://www.commercebank.com/default.asp
On a credit card statement, does your current balance mean what you owe?
It means that is the total up until the closing date on the statement. Any charges after that date will not show.
What does current balance less expected aid mean?
and then it says $1048.00|||"Current balance less expected aid" means that's what you owe (the balance) after the financial aid they anticipate will be applied to your account at some date.
Therefore, you owe $1,048 according to aid estimates.
Therefore, you owe $1,048 according to aid estimates.
Using the unpaid balance method, find the current month's finanace charge on a credit card account having the?
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions:
Last months balance: $875
Last payment: $50
Annual Interest rate: 21%
Purchases: $253
Returns: $932
What's the finance charge?|||That depends, if you did cash advances on you card or not, as they earn interest from the date they are done until they are paid in full. You shouldnt see anything as you credit was more that your previous months balance, so it has been paid in full.
Credit card companies cannot charge interest on new purchases, so they are still interest free as long as you pay next months balance in full.
If you do carry a balance then you interest ammount will fluctuate. Lets say your cut off is the 10th of each month, and you start off with a balance showing of 1000.00, then you are charged interest from the 10th of the month untill you mak a payment, so on the 25th you make a payment of 500.00, as of that date you are now paying interest on the amount left owing, 500.00 till the next statement print date.
1000.00 from the 10th to the 25th = 15 days of interest on that amount
500.00 from the 25th until the 10th of the next month= 15 days on 500.00 assuming the month has 30 days.
last months balance875-payment50=825
remaining balance825-credit 932= -107 +
credit balance-107+new purchases=146
As long as you pay the new balance of 146 by the due date you should see no interest.
This may help as well to calculate interest
take the principal times the interest rate divide by 365 and times for the number of day from posting to billing.
1000 X 19.99% / 365 X 30days = 16.43 interest each month
Last months balance: $875
Last payment: $50
Annual Interest rate: 21%
Purchases: $253
Returns: $932
What's the finance charge?|||That depends, if you did cash advances on you card or not, as they earn interest from the date they are done until they are paid in full. You shouldnt see anything as you credit was more that your previous months balance, so it has been paid in full.
Credit card companies cannot charge interest on new purchases, so they are still interest free as long as you pay next months balance in full.
If you do carry a balance then you interest ammount will fluctuate. Lets say your cut off is the 10th of each month, and you start off with a balance showing of 1000.00, then you are charged interest from the 10th of the month untill you mak a payment, so on the 25th you make a payment of 500.00, as of that date you are now paying interest on the amount left owing, 500.00 till the next statement print date.
1000.00 from the 10th to the 25th = 15 days of interest on that amount
500.00 from the 25th until the 10th of the next month= 15 days on 500.00 assuming the month has 30 days.
last months balance875-payment50=825
remaining balance825-credit 932= -107 +
credit balance-107+new purchases=146
As long as you pay the new balance of 146 by the due date you should see no interest.
This may help as well to calculate interest
take the principal times the interest rate divide by 365 and times for the number of day from posting to billing.
1000 X 19.99% / 365 X 30days = 16.43 interest each month
How can i recognize the current liability and current assets on Balance sheet of a Bank?
"Current" means assets that turn into cash or liabilities that come due within one year. The current section for each tends to be the first things listed under each section, with long term listed after.
What is the calculation for the balance of payments current account?
The balance of payments is simply exports minus imports.
When you have a surplus, the country exports more than it imports. EG Japan
When you have a deficit, the country imports more than it exports. EG USA|||The current account in the balance of payments measures the perfomance of a country in international trade by measuring the value of money paid for its imports and the value of money received through exports. It also includes the income received by people temporarily working overseas, flows of money in and out of the country for interest payments, profits and dividends as well as Central Government payments overseas such as foreign aid and contributions to the EU (known as current transfers)
So, basically the balance on current account can be calculated by this equation = balance on visible trade + balance on invisible trade + income + current transfers.
*Visible trade is the trade in goods which can be seen like oil/machinery..
*Invisible trade is the trade in services like banking and tourism
*The balance on these trades is the difference between the exports and imports.
Disadvantages of a current account surplus
- This means that exports are exceeding imports which suggests that the value of the pound might be too low as the demand for exports is high. If the value of the pound is low, it could cause imported inflation as imports will appear more expensive, even if their prices are not increasing.
- Exports are injections into the circular flow of income so this will increase the amount of money in an economy. This might result in aggregate demand shifting to the right which will lead to demand-pull inflation if producers cannot increase their production at the same rate.
- This might lead to a misallocation of resources as too much might be allocated for exports resulting in less available for the domestic market.
Hope that helped :)
When you have a surplus, the country exports more than it imports. EG Japan
When you have a deficit, the country imports more than it exports. EG USA|||The current account in the balance of payments measures the perfomance of a country in international trade by measuring the value of money paid for its imports and the value of money received through exports. It also includes the income received by people temporarily working overseas, flows of money in and out of the country for interest payments, profits and dividends as well as Central Government payments overseas such as foreign aid and contributions to the EU (known as current transfers)
So, basically the balance on current account can be calculated by this equation = balance on visible trade + balance on invisible trade + income + current transfers.
*Visible trade is the trade in goods which can be seen like oil/machinery..
*Invisible trade is the trade in services like banking and tourism
*The balance on these trades is the difference between the exports and imports.
Disadvantages of a current account surplus
- This means that exports are exceeding imports which suggests that the value of the pound might be too low as the demand for exports is high. If the value of the pound is low, it could cause imported inflation as imports will appear more expensive, even if their prices are not increasing.
- Exports are injections into the circular flow of income so this will increase the amount of money in an economy. This might result in aggregate demand shifting to the right which will lead to demand-pull inflation if producers cannot increase their production at the same rate.
- This might lead to a misallocation of resources as too much might be allocated for exports resulting in less available for the domestic market.
Hope that helped :)
Current Long Term Debt on the Balance Sheet?
On the balance sheet, I want to say that this is a current liability.
Is this correct? If not, where would it go-under Long Term Liabilities?
Thank you so much!|||Your instinct is correct. The amount of the long-term liability that is due within the next year should be classified as a current liability. You can call it "current portion of long-term debt." The remainder of the liability after subtracting the current portion would be classified as long-term debt.
Is this correct? If not, where would it go-under Long Term Liabilities?
Thank you so much!|||Your instinct is correct. The amount of the long-term liability that is due within the next year should be classified as a current liability. You can call it "current portion of long-term debt." The remainder of the liability after subtracting the current portion would be classified as long-term debt.
Available balance and current balance - I'm confused?
Yesterday when I checked my account, it told me my current balance was 拢8.07 and my available balance was 拢107.07. I always thought my current balance was supposed to be bigger than my available balance. Could somebody explain this to me.|||You are correct, unless you have an overdraft facility. Then the extra 拢99 would make sense. Other than that, it's probably a glitch in the system.|||It sounds like you have overdraw coverage. Like you actually have 8.07 but they'll cover you up to 107.07. Which is 99.00 pounds over what you have. I'd ask the bank about that myself. It seems nowadays they're always try to stick it to you with charges for this and that. Good luck.
What is your current checking and savings balance?
Hi
everyone i was just wondering how much do everyday people really save, i make 30k a year entry level job and my current savings is $5300.00 and checking is $89.00 so i was wondering how much other people have saved. thank you for ur answers! :)|||checking 2,000
savings 2,100
i make 60,000 a year|||Well aren't you just SPECIAL!
Savings - about $3 and some change
Checking - $244
My husband makes about $21-23,000 a year as a temp and rarely do we spend it on things for ourselves...We can't save any because we have BILLS to pay. It seems you don't have that much in the way of bills if you're able to purchase designer bags and wallets. And for making only $30,000 a year...the only bills you probably have to pay for are rent and car insurance.
Also I don't work because of medical reasons.|||"where are ur manners are u just stupid?" is not "fussing"???
Anyway, my checking and savings balance is nunya.|||Most of society could consider this subject an entirely private matter. Unless ur are as IRS REP. where are ur manners are u just stupid? ? Or do u need a loan. This is not appropriate to ask in person on cyberspace--maybe ur doing well and want someone to appreciate ur savvy in handling ur finances and dI do applaud u for ahving a savings but get real, sweetie, this is not appproiate to ask as u will jsut get a bunch of lies telling u how much more they have and it's dangerous cause someone might alk u into some kind of fraudualant endeavors or relationship. Just caring like a mama would--ok? not fussing
everyone i was just wondering how much do everyday people really save, i make 30k a year entry level job and my current savings is $5300.00 and checking is $89.00 so i was wondering how much other people have saved. thank you for ur answers! :)|||checking 2,000
savings 2,100
i make 60,000 a year|||Well aren't you just SPECIAL!
Savings - about $3 and some change
Checking - $244
My husband makes about $21-23,000 a year as a temp and rarely do we spend it on things for ourselves...We can't save any because we have BILLS to pay. It seems you don't have that much in the way of bills if you're able to purchase designer bags and wallets. And for making only $30,000 a year...the only bills you probably have to pay for are rent and car insurance.
Also I don't work because of medical reasons.|||"where are ur manners are u just stupid?" is not "fussing"???
Anyway, my checking and savings balance is nunya.|||Most of society could consider this subject an entirely private matter. Unless ur are as IRS REP. where are ur manners are u just stupid? ? Or do u need a loan. This is not appropriate to ask in person on cyberspace--maybe ur doing well and want someone to appreciate ur savvy in handling ur finances and dI do applaud u for ahving a savings but get real, sweetie, this is not appproiate to ask as u will jsut get a bunch of lies telling u how much more they have and it's dangerous cause someone might alk u into some kind of fraudualant endeavors or relationship. Just caring like a mama would--ok? not fussing
When calculating daily interest, do you divide the current balance or the money owed?
current balence!!!|||If you owe 100,000 for example and pay 10% annual interest than that would be 8,33 a month or about 28 bucks a day.
If my statement from Capital One was $100, but my current balance is $200. Will I get charged interest?
I went online and it says I can pay the minimum payment of $10, statement balance, or current balance. Will I get charged interest if I pay the statement balance on the remaining balance since my current balance is more than my statement balance?|||i have no idea:)
How can i be charged an overdraft, twice. when my balance never left current?
my checking account balance from $250, i took out $91. and next thing i see are 2 $36 overdraft charges. and then a purchase and another purchase. following 6-7 more small purchases.... the balance is now $4. how the hell, is it overdrawn?
does this even make sense? i havent deposited anything since the overdraft charges [as i just found out about them, now] so how is my balance not negative?
it cant be overdrawn..|||Call and ask.
Mistakes happen. As does miscommunication.|||Now aday, you have thease
jerks in accounting who don't
give a f*** about anyone, all
they care about is getting
thier work done asap so they
can leave the office. Just call
the bank and have them go over
the recent checks with you, set up
an appointment and go to the bank
to do this, don't try to settle it over the
phone, as they are trying to get
you off of the line asap, they
will be making reduculous
excuses to you and trying to confuse
you because they don't want to
admint they screwed up.
does this even make sense? i havent deposited anything since the overdraft charges [as i just found out about them, now] so how is my balance not negative?
it cant be overdrawn..|||Call and ask.
Mistakes happen. As does miscommunication.|||Now aday, you have thease
jerks in accounting who don't
give a f*** about anyone, all
they care about is getting
thier work done asap so they
can leave the office. Just call
the bank and have them go over
the recent checks with you, set up
an appointment and go to the bank
to do this, don't try to settle it over the
phone, as they are trying to get
you off of the line asap, they
will be making reduculous
excuses to you and trying to confuse
you because they don't want to
admint they screwed up.
Is the retained earnings in the balance sheet classified as current or noncurrent?
I know assets and liabilities can be classified as current or noncurrent. Can stockholders' equity also be classified as current or noncurrent?|||Neither. Current vs noncurrent is regarding assets and liabilities only. This is to show liquidity. If you take current assets less current liabilities to determine liquid positon. Obviously if you take your net assets (current and non) less liabiliites (current and non) this ties to equity position (stock plus retained earning) which is what the companys net postion would be if assets and liabilities are disposed of assuming book values.
Having a hard time understanding avalable balance VS current balance..?
i have a bbt checking account, with online banking.. My current balaance is higher than the avalable balance.. There are many transactions that haven't showed up on the actual statement.. So is that why the available balance is smaller? B/c the purchases have already been deducted, just not shown yet??|||Available balance doesn't include "pending" transactions.
Your actual balance would include the check you just deposited that has a 7 day hold. The available balance would not include that check.|||Your available balance is suspose to be what is left over after pending transactions is subtracted from your current balance!! If not, why is it less than the current balance? And what if your deposited check did show in the available balance that day?
|||You definately have the right idea, the difference between your current and available balance is that every time you use your check card and run it as "credit" the place of sale will put that amount on hold until they clear it out of your account. My personal opinion is that it's stupid they it's done this way, but that's what we have to deal with until things change. Like someone else mentioned, many gas stations will put just a dollar on hold until they take the actual amount out. My suggestion is even if you are using just your debit card keep track of your balance yourself and only go by what it says is available that way you don't overdraft.|||Available Balance= Money you can spend
Current Balance= Money in the account without pending payments deducted
Banks do this so you will not think that you have more money in your account even when there are payments pending against your account. This is really nice since it helps you not to overdraw your account.|||If things are pending that will happen. Also If you have recently put in an ATM deposit you will only be allowed to use a certain amount of the deposit until it clears. Once everything is cleared then your available balance and your balance will be the same.
Some check card purchases and ATM purchases will pend a different amount them what you spent ( for example Gas stations will sometimes pend 1 dollar)|||Probably the bank has a hold on checks waiting to clear.|||The actual balance is the real cash balance you have with the bank and the available balance is the balance that the bank will allow you to withdraw without closing your account.
Your actual balance would include the check you just deposited that has a 7 day hold. The available balance would not include that check.|||Your available balance is suspose to be what is left over after pending transactions is subtracted from your current balance!! If not, why is it less than the current balance? And what if your deposited check did show in the available balance that day?
Report Abuse
|||You definately have the right idea, the difference between your current and available balance is that every time you use your check card and run it as "credit" the place of sale will put that amount on hold until they clear it out of your account. My personal opinion is that it's stupid they it's done this way, but that's what we have to deal with until things change. Like someone else mentioned, many gas stations will put just a dollar on hold until they take the actual amount out. My suggestion is even if you are using just your debit card keep track of your balance yourself and only go by what it says is available that way you don't overdraft.|||Available Balance= Money you can spend
Current Balance= Money in the account without pending payments deducted
Banks do this so you will not think that you have more money in your account even when there are payments pending against your account. This is really nice since it helps you not to overdraw your account.|||If things are pending that will happen. Also If you have recently put in an ATM deposit you will only be allowed to use a certain amount of the deposit until it clears. Once everything is cleared then your available balance and your balance will be the same.
Some check card purchases and ATM purchases will pend a different amount them what you spent ( for example Gas stations will sometimes pend 1 dollar)|||Probably the bank has a hold on checks waiting to clear.|||The actual balance is the real cash balance you have with the bank and the available balance is the balance that the bank will allow you to withdraw without closing your account.
In the balance of payments, why does a Current Account Deficit imply a Surplus in the Capital and Finance Accs?
Quote
"Because the balance of payments always balances, a CAD necessarily implies a surplus on the capital and financial account. Therefore, a CAD paradoxically is a vote of confidence by offshore investors in local investment opportunities"
I don't understand why a CAD (Current Account Deficit) has to imply (by definition) a surplus in the Capital account, why does the money HAVE to come back in equally?
Can someone explain this please, thanks|||It is simply a way that words are used and their defined meaning. It's analagous to saying that if you as a person spend $100 and your income is $65 then you have a debt of $35. By definition your "debt" is equal to your spending minus your income. The balance of payments is just book-keeping of this kind for a country.
The second sentence is not necessarily true. Sometimes, sure, a country is attractive for real and/or financial investment, therefore foreign money comes in, therefore the exchange rate goes up, therefore the current account goes into deficit.
But in other situations a country through incompetence or greed gets a current account deficit, borrows the money to bridge the gap (possibly at high interest rates if banks, wisely, don't trust it to repay on time) and eventually its ability to borrow dries up. Then it has to go to an intergovernmental source of loans for a bailout and to take austerity measures to persuade even them to lend to it. This was the problem Greece ran into recently.
"Because the balance of payments always balances, a CAD necessarily implies a surplus on the capital and financial account. Therefore, a CAD paradoxically is a vote of confidence by offshore investors in local investment opportunities"
I don't understand why a CAD (Current Account Deficit) has to imply (by definition) a surplus in the Capital account, why does the money HAVE to come back in equally?
Can someone explain this please, thanks|||It is simply a way that words are used and their defined meaning. It's analagous to saying that if you as a person spend $100 and your income is $65 then you have a debt of $35. By definition your "debt" is equal to your spending minus your income. The balance of payments is just book-keeping of this kind for a country.
The second sentence is not necessarily true. Sometimes, sure, a country is attractive for real and/or financial investment, therefore foreign money comes in, therefore the exchange rate goes up, therefore the current account goes into deficit.
But in other situations a country through incompetence or greed gets a current account deficit, borrows the money to bridge the gap (possibly at high interest rates if banks, wisely, don't trust it to repay on time) and eventually its ability to borrow dries up. Then it has to go to an intergovernmental source of loans for a bailout and to take austerity measures to persuade even them to lend to it. This was the problem Greece ran into recently.
Available balance and current balance?
Say I have 0 available balance, but I have $300 in my current balance because I just deposited a check. Can I still buy stuff online at this moment in time with my debit card?|||No, you have to wait until the chq is cleared and your available balance says $300. Until then you have no money in your account that's available for spending!
Best Credit Card to transfer current balance to.?
I currently have a credit card and will be unable to pay off the outstanding balance by the time my interest free 12 months ends this month.
Which bank in the UK offers the best option for me to transfer the balance over, either free or cheap, and then have an interest free card once the balance has been transferred?|||I don't know this for certain, but I doubt there are any banks that will allow you to transfer a balance and have it interest-free. Banks make money on credit cards primarily in two ways: (1) by charging a fee to the merchant (perhaps 2% of the amount charged) when something is bought using the card and (2) by charging interest and fees to the cardholder when the balance is not paid in full by the due date.
Banks are willing to do the 12-months interest free on new purchases as an incentive to get you to sign up for their card because they're still getting some income from the fees they charge the merchants AND (they won't say this but I think it's true) because they're hoping people will charge a lot while it's interest free and then won't be able to pay it off in time so they can make money off them when the interest rates kick in.
Banks allow you (in fact often encourage you) to transfer a balance to their card because they want the income from the (usually high) interest rates they charge.
If a bank allowed people to transfer a balance and didn't charge them interest, they are not going to make any money on that account (because they won't get merchant fees OR interest payments) and in fact it will cost them money because they are borrowing the money from somewhere (e.g. depositors in the bank) and paying at least some small amount of interest on it so if they get NO income from it they are losing money. I really can't imagine that any bank is going to be willing to do that.
I think your best approach at this point is to cut back your spending as much as you can in order to pay off as much of the balance as you can before the interest charges kick in and then keep paying as much as you possibly can until the balance is paid off. Maybe see if you can get an extra part-time job to make a little extra money to pay it off faster.
For the future, if you want to win at the no-interest for 12 months game, you need to be saving enough money during that time to be able to pay off the balance at the end of 12 months and have it deposited in a bank where you are making interest on it. If you use the card to run up balances you can't afford to pay off, you are playing the game the way the banks want you to and they are going to win.
If you don't have the self-discipline to save up the money, then you probably would be better off avoiding deals like that and just pay off the balance each month. It's tempting to buy a lot of stuff when you don't have to pay for it right away, but in the long run that's a serious personal finance mistake.
Which bank in the UK offers the best option for me to transfer the balance over, either free or cheap, and then have an interest free card once the balance has been transferred?|||I don't know this for certain, but I doubt there are any banks that will allow you to transfer a balance and have it interest-free. Banks make money on credit cards primarily in two ways: (1) by charging a fee to the merchant (perhaps 2% of the amount charged) when something is bought using the card and (2) by charging interest and fees to the cardholder when the balance is not paid in full by the due date.
Banks are willing to do the 12-months interest free on new purchases as an incentive to get you to sign up for their card because they're still getting some income from the fees they charge the merchants AND (they won't say this but I think it's true) because they're hoping people will charge a lot while it's interest free and then won't be able to pay it off in time so they can make money off them when the interest rates kick in.
Banks allow you (in fact often encourage you) to transfer a balance to their card because they want the income from the (usually high) interest rates they charge.
If a bank allowed people to transfer a balance and didn't charge them interest, they are not going to make any money on that account (because they won't get merchant fees OR interest payments) and in fact it will cost them money because they are borrowing the money from somewhere (e.g. depositors in the bank) and paying at least some small amount of interest on it so if they get NO income from it they are losing money. I really can't imagine that any bank is going to be willing to do that.
I think your best approach at this point is to cut back your spending as much as you can in order to pay off as much of the balance as you can before the interest charges kick in and then keep paying as much as you possibly can until the balance is paid off. Maybe see if you can get an extra part-time job to make a little extra money to pay it off faster.
For the future, if you want to win at the no-interest for 12 months game, you need to be saving enough money during that time to be able to pay off the balance at the end of 12 months and have it deposited in a bank where you are making interest on it. If you use the card to run up balances you can't afford to pay off, you are playing the game the way the banks want you to and they are going to win.
If you don't have the self-discipline to save up the money, then you probably would be better off avoiding deals like that and just pay off the balance each month. It's tempting to buy a lot of stuff when you don't have to pay for it right away, but in the long run that's a serious personal finance mistake.
A current liability is reported as a long term liability on the balance sheet?
Assume that a current liability is reported as a long term liability on the balance sheet. How do I Explain how this might mislead users of financial statements?|||Sure.
It wouldn't make a difference to the balance sheet, per se, because all liabilities are factored in together.
The most obvious problem has to do with liquidity ratios (quick ratio, current ratio) which are meant to show whether a company is solvent enough to pay its debts over the next year.
Because these ratios only consider current liabilities (and current assets), the above-mentioned error would have the effect of reporting lower than accurate current liabilities, which would make the company's liquidity appear better than it really is. This misleads users because they may make business or investment decisions based on an incorrect perception of the company's liquidity.
It wouldn't make a difference to the balance sheet, per se, because all liabilities are factored in together.
The most obvious problem has to do with liquidity ratios (quick ratio, current ratio) which are meant to show whether a company is solvent enough to pay its debts over the next year.
Because these ratios only consider current liabilities (and current assets), the above-mentioned error would have the effect of reporting lower than accurate current liabilities, which would make the company's liquidity appear better than it really is. This misleads users because they may make business or investment decisions based on an incorrect perception of the company's liquidity.
I have gone online to my Verizone Wireless account and checked my current usage balance.?
Is there a way to get detail behind that usage. aka an interim statement... I asked the question last night and got only one useless response. If anyone had any helpful info, it'd be greatly appreciated.|||You can get a detailed list of all calls online, typically there is a small link on your bill indicating "get details". You can also stay on top of your minutes by using the number Verizon has pre-programmed into your phone for you to check your minutes.
If a nation has a trade deficit does its current account balance have a deficit?
and what about when the nation has a trade surplus?|||Not necessarily. The "trade deficit" is a subset of the current account. The current account balance counts basically all commerce in international trade, including intangible things like royalties. The "trade balance" covers only a more limited set of traded goods, namely tangible products you could touch and feel and count at a port of entry (ie, cars, TVs, coffee beans, oil). The current account includes that, plus services and royalties (e.g. financial services, royalties on movies or books sold overseas.)
So a country could have a deficit of tangible products, but a bigger surplus of services and royalties, with the result of running a trade deficit but, overall, a current account surplus.
So a country could have a deficit of tangible products, but a bigger surplus of services and royalties, with the result of running a trade deficit but, overall, a current account surplus.
Why is my " current balance More then Available balance"?
Checking account|||Your available balance is what you have in the account that you can withdraw. Or in cases of negative balances, what you owe the bank and cannot withdraw.
The current balance is the balance of the account with pending transactions that have not cleared yet. (Pending checks deposited/cashed, debit transactions, direct deposit, etc...) Meaning that you do not have access to those funds at this second but they are going to be posted to the account once they clear.
Your available balance is not your accurate balance. Your current balance is the more accurate of the two. The most accuracte balance should be kept by you in your checking ledger/register or in any spreadsheet/finance application (MS Money/Quicken) for those of you who don't know what a check ledger is. You know where you spend money before the system does. You should be keeping track of your balance manually somewhere other than with online banking.
You're probably going to be hit with a bounced check/overdrawn fee. I would get some money into your account as soon as possible to avoid any other pending payments from causing you to accrue more fees. Anything that is deducted before your check clears will trigger the system to hit you with another overdrawn account fee.
Each fee will be automatically deducted from your account.
Always remember that anything you deposit other than cash or some types of direct deposits are not actually in your account until it clears the bank. Cash is immediate and will cover your account. Direct deposits are EFTs that go through the Fed's ACH. If there is a problem or a mistake from the depositing bank, they have up to 5 days to request the money back from your bank. This is why some banks and companies (Examples: Paypal, E*Trade, etc...) make people wait 5 days before they will post funds to an account.
Checks take anywhere from 1 or 5 days to process. Most clear within a day or two. So if you float a check and it doesn't clear until after you've spent money forgetting that it was an outstanding payment, you will be overdrawn. Same applies to debit card transactions. ATM/PIN transactions post immediately. Any other use of the card as under credit or online can take 1 to 5 days to post. Depending upon the vendor that processes payments. With most banks if it accepted the payment at the Point of Sale (POS) terminal or online through the verification process, it will post to your account. Even after you spent the money elsewhere.
If a deposited check does not clear, then you make a payment or a purchase... You did not have the money in your account and therefore you are overdrawn.
This is how many banks make money.|||That's because there is a check you wrote or other payment that is in the process of clearing. The bank knows about it, but they have not subtracted it from your "current balance" yet. Usually what happens is they reconcile all the balances at night - at my bank, it happens at 10:00 PM.
So, you say your "available balance" is less than zero - very soon, your "current balance" will be too. If you want to avoid a penalty, get some money in there fast!|||theres a withdrawal waiting to be processed and deducted from the bank ledger.|||The bank is waiting for a deposit to clear.
The current balance is the balance of the account with pending transactions that have not cleared yet. (Pending checks deposited/cashed, debit transactions, direct deposit, etc...) Meaning that you do not have access to those funds at this second but they are going to be posted to the account once they clear.
Your available balance is not your accurate balance. Your current balance is the more accurate of the two. The most accuracte balance should be kept by you in your checking ledger/register or in any spreadsheet/finance application (MS Money/Quicken) for those of you who don't know what a check ledger is. You know where you spend money before the system does. You should be keeping track of your balance manually somewhere other than with online banking.
You're probably going to be hit with a bounced check/overdrawn fee. I would get some money into your account as soon as possible to avoid any other pending payments from causing you to accrue more fees. Anything that is deducted before your check clears will trigger the system to hit you with another overdrawn account fee.
Each fee will be automatically deducted from your account.
Always remember that anything you deposit other than cash or some types of direct deposits are not actually in your account until it clears the bank. Cash is immediate and will cover your account. Direct deposits are EFTs that go through the Fed's ACH. If there is a problem or a mistake from the depositing bank, they have up to 5 days to request the money back from your bank. This is why some banks and companies (Examples: Paypal, E*Trade, etc...) make people wait 5 days before they will post funds to an account.
Checks take anywhere from 1 or 5 days to process. Most clear within a day or two. So if you float a check and it doesn't clear until after you've spent money forgetting that it was an outstanding payment, you will be overdrawn. Same applies to debit card transactions. ATM/PIN transactions post immediately. Any other use of the card as under credit or online can take 1 to 5 days to post. Depending upon the vendor that processes payments. With most banks if it accepted the payment at the Point of Sale (POS) terminal or online through the verification process, it will post to your account. Even after you spent the money elsewhere.
If a deposited check does not clear, then you make a payment or a purchase... You did not have the money in your account and therefore you are overdrawn.
This is how many banks make money.|||That's because there is a check you wrote or other payment that is in the process of clearing. The bank knows about it, but they have not subtracted it from your "current balance" yet. Usually what happens is they reconcile all the balances at night - at my bank, it happens at 10:00 PM.
So, you say your "available balance" is less than zero - very soon, your "current balance" will be too. If you want to avoid a penalty, get some money in there fast!|||theres a withdrawal waiting to be processed and deducted from the bank ledger.|||The bank is waiting for a deposit to clear.
A firm's current balance sheet is as follows: $100 assets and $10 debt, equity $90. What is the firm's wacc?
I didn't even do my own homework.
Why does the current period profit not appear on the Trial Balance?
Why does the current period profit not appear on the Trial Balance?|||Because the profit is the combination of all of the income and expense accounts that are already listed.
Can i still withdraw the current balance in an ATM?
coz, i wonder if which one can I withdraw the current or available balance|||Look at your online to see what the bank has as available funds. That is what you can get out of the ATM. If you pull more than what you have you will be charge an overdraft fee.
Current balance and available balance?
On my debit card, the current balance is less than my available balance. I highly doubt i have any pending charges -- I haven't even used the card lately. Can someone explain this to me?|||By what amount? Do you have a line of credit (overdraft protection) attached to your account that might show up as available on your card?|||You current balance is usually the opening day balance. The available balance is up to the minute. The difference is any withdrawals or deposits from the start of the day until now.|||That usually means there are pending charges. Is your account online? Don't rely on yahoo answers to help with this. Call your bank asap to confirm!|||jennifer is right
Im confused with current balance and available balance?help?
ok so i have $40 in my Current balance,
and $100 in my Available balance in my bank.
My question is, can use the Available balance in case i need it??
thanks!|||It's kinda unusual that your available balance is more than the current balance. I should be the other way around. Available balance is the amount that is currently available to use -- it includes holds.
and $100 in my Available balance in my bank.
My question is, can use the Available balance in case i need it??
thanks!|||It's kinda unusual that your available balance is more than the current balance. I should be the other way around. Available balance is the amount that is currently available to use -- it includes holds.
When i pay a credit card, do I pay ''new balance'' or ''current balance''?
''new balance'' is also the ''statement balance'' i think. am i right?|||Ah, you are looking online.
You can pay either. "Statement balance" is the amount on your monthly statement. Paying this would be considered paying your account in full every month.
"Current Balance" is the total amount owed on the card and would include any charges made after the statement was printed.|||Whether you pay a percentage monthly or the balance, it's basically called the current balance owed.
You can pay either. "Statement balance" is the amount on your monthly statement. Paying this would be considered paying your account in full every month.
"Current Balance" is the total amount owed on the card and would include any charges made after the statement was printed.|||Whether you pay a percentage monthly or the balance, it's basically called the current balance owed.
Are the current account and the current balance the same thing?
If not, what's the difference? :)|||No, these two are the two different things.
Current Account is the special account which can be opened by a business man only with a Bank on which the businessman can also get the overdraft as according to his transactions with the bank.
whereas,
Current Balance is the balance of your account at the current moment.
Hope so, now it is clear to you.|||The current balance is the balance (amount of money you have) of the account you are looking at.
Current Account is the special account which can be opened by a business man only with a Bank on which the businessman can also get the overdraft as according to his transactions with the bank.
whereas,
Current Balance is the balance of your account at the current moment.
Hope so, now it is clear to you.|||The current balance is the balance (amount of money you have) of the account you are looking at.
How do you use a current balance as an ammeter?
Normally I wouldn't try to answer this since my memory is fading. But no one else has contributed so.... I think you're looking at a Whetstone bridge and a comparison or ratio of two amperages either measured directly or deduced by ratios and E=IR
John will receive a trust fund when he turns 18 years old 21 months from now. The current balance is $11000 an
John will receive a trust fund when he turns 18 years old 21 months from now. The current balance is $11000 and the fund earns 7.5% interest compounded monthly. He wishes to buy a boat and he can afford $130 each month on a loan to finance it. How much can he borrow at 5% interest, if he wishes to be able to pay off the balance of the loan when he receives his trust fund?|||Hi,
$11000 at 7.5% interest compounded monthly for 21 months 0r 1.75 years will become A = 11000(1 + .075/12)^(12*1.75).
That makes $12,537.66 the amount he will receive on his 18th birthday.
I will assume he can currently pay the $130 a month without his inheritance. So, at 5% interest for 21 months or 1.75 years, assuming interest on this loan is also calculated monthly, then
12537.66 = borrowed amount( 1 + .05/12)^ (1.75*12)
12537.66 = borrowed amount (1.004166666666)^21
12537.66 = borrowed amount (1.0912438)
$11,489.33 = borrowed amount that could be repaid with 21 months' interest from his trust fund.
This answer would change if interest was not calculated monthly or if the monthly $130 needed to be included in the use of the trust fund.
I hope that helps!! :-)|||The trust fund will be worth $12537.66 21 months from now.
So, John will borrow $x at 5%, and wants the balance to be $12537 in 21 months. He can do this if he borrows $14,100. At 5% interest (compounded monthly) he will owe $12539 in 21 months.
$11000 at 7.5% interest compounded monthly for 21 months 0r 1.75 years will become A = 11000(1 + .075/12)^(12*1.75).
That makes $12,537.66 the amount he will receive on his 18th birthday.
I will assume he can currently pay the $130 a month without his inheritance. So, at 5% interest for 21 months or 1.75 years, assuming interest on this loan is also calculated monthly, then
12537.66 = borrowed amount( 1 + .05/12)^ (1.75*12)
12537.66 = borrowed amount (1.004166666666)^21
12537.66 = borrowed amount (1.0912438)
$11,489.33 = borrowed amount that could be repaid with 21 months' interest from his trust fund.
This answer would change if interest was not calculated monthly or if the monthly $130 needed to be included in the use of the trust fund.
I hope that helps!! :-)|||The trust fund will be worth $12537.66 21 months from now.
So, John will borrow $x at 5%, and wants the balance to be $12537 in 21 months. He can do this if he borrows $14,100. At 5% interest (compounded monthly) he will owe $12539 in 21 months.
How can I see my current EPF balance online?
The address or link where I can put my EPF A/c No.|||you entered the word "Employees Provident Fund scheme " in rediff search and you will get all addresses there. Find out your region and open that site. you will find one menu like "know your claim status" after clickiing that menu you will get more menus on left hand side. First menu "for employees" will help you to sort out your problem
Current Balance Available Balance question?
So i had $0.15 in my nationaly city acct for a week or two... i depoisted a $20 check to day and i go online and i have $20.15 in my current balance and 15cents in my available balance. could i use paypal right now?|||immediately when you use paypal it is put against your account, like within seconds.I have used paypal, signed out and logged into my bank account and it was there already. If you don't wait until the available balance is 20.15 then you will get a fee for overdraft.|||No. you only have .15 available until the check clears.|||sure|||No, you cannot use paypal right now. Your current balance will reflect the $20 check that you deposited but since that deposit has not cleared, the bank will not make it available to use. Since the deposit hasn't cleared, your available balance, that you can actually spend at this very moment is only $0.15
Does it hurt to have a negative balance on a current credit card?
I'm in the mode of restructuring my credit, and I'm paying my credit card but I overpaid it leaving a negative balance on my card balance. Keep in mind this card is still active and i'm paying it faithfully every month, only difference is that I overpaid it with a negative balance. Would this effect my credit score at all or am I over blowing thing situation?|||They do not seem to understand it. I did that a couple of months ago and they _charged me interest on the overpayment_!!!
Go figure.
When I called and griped about it, they said that there was nothing they could do about the charge, that they had to administer that money just like it was a purchase.|||yes it will affect your credit even though you are still paying on the card and it's still active but you will definitely have a high interest rate and it will lover your credit score as well it will put you into negative credit terms. i have went through what you are going through and it took me about a year and a half to finally get my credit back on track now my credit is at 700 and i am so proud of my hard work to restore that, and i wish you all the luck on your credit as well.|||Just pay them off and cut them up.That takes guts so you decide if you can do it.Your the only one who can do it.|||Congratulations on OVER-REPAYING your debt while others are racking it up like mad dogs here at Christmas! It won't hurt you a bit. If it is a significant amount you could transfer debt from another card to the card with the negative balance and that would help pay that bill off. If you have no other debt you can just put a small charge - like some gas for your car - on that card and "$0.00" it out. Some companies just issue a refund check when you overpay - like J.C. Penney - but I think most will just let it ride unless you close the account altogether then they will issue a refund. I once got one for 10 cents because I overpaid and closed the account.|||You didn't say how much the credit balance was for but I don't think it will hurt your credit rating, but you can put the money in your savings account and collect interest on it. So it does hurt you in the way that you aren't letting your money make money for you. Request a credit balance check and put the money in your savings account and collect interest. If you plan on using the card for purchases that will override this credit balance before your next billing statement then just leave the credit balance on the card.|||You have credit on a credit card! This is a good thing!|||proably won't hurt your credit score. don't ask for a refund just use the right amount to make it even. like buy coffee etc until it is used up.|||Thats not gonna do anything. Just call and ask for a refund.|||No it doesn't hurt. It will be applied against your future purchases.|||I had a $25 overpayment on a Bank of America card and within 3 months they sent us the refund on their own...just check to see what the specifice cards policy is.|||No...they will just add it to your new balance and you won't have to pay as much next time you get a bill|||Hurts? No, it feels good! And if you are traveling, and use the credit card for a cash advance, you won't pay interest on the cash advance. You will still pay a "transaction" fee though.|||If you've overpaid on a credit card, then they will more than likely send you a check for the amount you overpaid in the mail. I've done that many times and it won't have any negative impact on your credit score.
Go figure.
When I called and griped about it, they said that there was nothing they could do about the charge, that they had to administer that money just like it was a purchase.|||yes it will affect your credit even though you are still paying on the card and it's still active but you will definitely have a high interest rate and it will lover your credit score as well it will put you into negative credit terms. i have went through what you are going through and it took me about a year and a half to finally get my credit back on track now my credit is at 700 and i am so proud of my hard work to restore that, and i wish you all the luck on your credit as well.|||Just pay them off and cut them up.That takes guts so you decide if you can do it.Your the only one who can do it.|||Congratulations on OVER-REPAYING your debt while others are racking it up like mad dogs here at Christmas! It won't hurt you a bit. If it is a significant amount you could transfer debt from another card to the card with the negative balance and that would help pay that bill off. If you have no other debt you can just put a small charge - like some gas for your car - on that card and "$0.00" it out. Some companies just issue a refund check when you overpay - like J.C. Penney - but I think most will just let it ride unless you close the account altogether then they will issue a refund. I once got one for 10 cents because I overpaid and closed the account.|||You didn't say how much the credit balance was for but I don't think it will hurt your credit rating, but you can put the money in your savings account and collect interest on it. So it does hurt you in the way that you aren't letting your money make money for you. Request a credit balance check and put the money in your savings account and collect interest. If you plan on using the card for purchases that will override this credit balance before your next billing statement then just leave the credit balance on the card.|||You have credit on a credit card! This is a good thing!|||proably won't hurt your credit score. don't ask for a refund just use the right amount to make it even. like buy coffee etc until it is used up.|||Thats not gonna do anything. Just call and ask for a refund.|||No it doesn't hurt. It will be applied against your future purchases.|||I had a $25 overpayment on a Bank of America card and within 3 months they sent us the refund on their own...just check to see what the specifice cards policy is.|||No...they will just add it to your new balance and you won't have to pay as much next time you get a bill|||Hurts? No, it feels good! And if you are traveling, and use the credit card for a cash advance, you won't pay interest on the cash advance. You will still pay a "transaction" fee though.|||If you've overpaid on a credit card, then they will more than likely send you a check for the amount you overpaid in the mail. I've done that many times and it won't have any negative impact on your credit score.
How can supplysidepolices and fiscalpolicies correct deficits on a countrys current account balance of payment?
They can't. The problems remain and all that happens is that they are postponed. This in effect is the result of the application of Keynesian Theory. There is no such thing as a free lunch and the theory of pump-priming of Keynes is faulty, This theory looks at the MACROeconomy as if it were a MICROeconomy. Good business standards (such as investment using the public company shares and anticipating equity growth) do not apply when the whole country is involved.
Which one do i pay? last statement balance or current balance of a credit card? i'm confused?
and if current balance amount is less than last statement balance, can i just pay the current balance?|||The current balance is more recent so that's what you pay.|||Ok here is the real deal, pay the current, then destroy the card, then pay 50% over whatever bill comes in next till it is paid off, then never ever get a credit card again, if you cannot save the money in a bank to buy a thing, you cannot afford it.|||You pay the current balance. The last statement balance tells you how much money you owed during the end of the last billing cycle.|||just pay it al off
I deposited a check but i have no available or current balance?
i recieved a complementary 100 which i withdrew the same day. the next day i have no pending transactions no balance|||There is a banking policy, known as Reg CC, that governs the amount of time a bank is allowed to place a hold on certain checks. If the check is a large check, non local, an unusual amount based on your banking history, or a check that your average balance couldn't cover if it was to be returned, your bank is allowed to place a hold. (2 business days for local checks and 5 business days for non local checks) Whenever a hold is placed, however, they are required to make $100 available to you immediately. This policy is to protect the customer as well as the bank from fraudulent checks. If you deposited a check and turned around and spent the money, if that check didn't clear and gets returned, your account would be debited the amount of the check and it would most likely put you in the negative.|||maybe try again|||maybe that was the cheque you spent that day.|||it was complementary|||Sometimes, it can take days for it to appear on your bank statement.|||most banks alot you 100 dollars from an initial deposit, and then the rest whent the check clears. Its considered a complimentary advance as checks can take up to five days to clear.|||When it is a check, the bank will often withhold funds for 5 days until the cheque clears in case it is NSF or fraudulent.|||it takes a few days for a check to clear after depositing it. If you take a portion of the check in cash you can get that right away. the rules very by banking institution. just hope you do not overdraft. call the bank tomorow if it does not show up and ask them about it.|||Welcome to the concept of "being screwed" and a lifetime of dealing with the auto-attendants on the phone.|||Who was the check from was it from a random company? If so you need to be careful because some of those company's are scams and they actually take all your money. Also if you had a 0 bal in your checking account at the time you deposited and took the money out then it would be 0. You might want to call your banks customer service.|||As everyone has said, it takes time for the check to clear your bank. Many times the check won't even appear in your transaction history until a few days later. I'd wait a few days and if you don't see anything on Wednesday then I'd start to worry.|||If you deposited the check after the cutoff time for deposits for your financial institution then the check would be going through and posting the business day after you did the deposit.
The check may have been placed on hold, if it was large, personal, unusual (fraud-like), or out of area...or depending on account history.
If it doesn't show up call your bank to see if they placed it on hold and what the availability date is of your item to pay things with.
Make sure you don't pay anything (bills) with the check until it has posted (cleared) your account and finalized or you can/will get fees.
The check may have been placed on hold, if it was large, personal, unusual (fraud-like), or out of area...or depending on account history.
If it doesn't show up call your bank to see if they placed it on hold and what the availability date is of your item to pay things with.
Make sure you don't pay anything (bills) with the check until it has posted (cleared) your account and finalized or you can/will get fees.
The balance ledger form always shows the current balance of an account?
The balance ledger form always shows the current balance of an account
true are false|||true|||True.. Yes it does... that's the main purpose of the balance ledger form.
true are false|||true|||True.. Yes it does... that's the main purpose of the balance ledger form.
On my virgin mobile account page, what does "Current Balance" represent?
On the page it says this "Monthly charge: $25.00, Current Balance: $34.90, You will be charged on 1/1/11"
Does the current balance mean that's how much I owe, or is it how much I currently have in my account to be applied towards the $25.00 monthly charge?|||i am on virgin mobile and current balance is like how ur balance is with ur debt. its how much money u have in ur account right now and ur monthly charge is 25.00 which u have to pay on 1/1/11 so make sure u have at least 25.00 in ur account.
could u plz try answering mine
http://ca.answers.yahoo.com/question/ind鈥?/a>
Does the current balance mean that's how much I owe, or is it how much I currently have in my account to be applied towards the $25.00 monthly charge?|||i am on virgin mobile and current balance is like how ur balance is with ur debt. its how much money u have in ur account right now and ur monthly charge is 25.00 which u have to pay on 1/1/11 so make sure u have at least 25.00 in ur account.
could u plz try answering mine
http://ca.answers.yahoo.com/question/ind鈥?/a>
A current balance is set up so that a mass of 20.0 mg on the upper wire restores balance?
to the system when a current of unknown magnitude is sent through both wires. The wires are 26.5 cm long and have a center-to-center seperation of 0.0525 cm. Find the current.|||use Ampere's law. The first wire sets up a B-field equal to
B=ui/(2蟺d) The force is Bil=ui^2l/(2蟺d)=
4蟺E-7*i^2*0.265/(2蟺*5.25E-4)=20E-3 ==%26gt;i=14.1A
B=ui/(2蟺d) The force is Bil=ui^2l/(2蟺d)=
4蟺E-7*i^2*0.265/(2蟺*5.25E-4)=20E-3 ==%26gt;i=14.1A
Can I make a purchase on my current credit card before transferring balance?
I was recently approved for a credit card with 0% interest on purchases for six months and 0% interest for balance transfer for 12 months.
I'm not sure if this is legal or "gaming the system" so I thought I would ask. Can I purchase an item on my current credit card, just before doing the balance transfer?
Obviously I would rather pay 0% for 12 months, but I am unsure if the credit card company will approve?
Thanks|||Sure. Be aware that there is usually a transfer fee. If it was something you were going to pay cash for, you'll now be paying a convenience fee of 3-5% of the amount. You would be better to wait until you get the card and purchase it using the 6 month 0% on purchases.|||I don't see why not. A balance transfer is a balance transfer.
I'm not sure if this is legal or "gaming the system" so I thought I would ask. Can I purchase an item on my current credit card, just before doing the balance transfer?
Obviously I would rather pay 0% for 12 months, but I am unsure if the credit card company will approve?
Thanks|||Sure. Be aware that there is usually a transfer fee. If it was something you were going to pay cash for, you'll now be paying a convenience fee of 3-5% of the amount. You would be better to wait until you get the card and purchase it using the 6 month 0% on purchases.|||I don't see why not. A balance transfer is a balance transfer.
What's it mean my current account balance is $-41.56 but available credit is $379?
I also have a pending charge of $120 and my credit limit is $500. Thanks for any help.|||It means you are in overdraft of $41.56 and you have $ 379 left before you reach your credit limit.
You are technically borrowing money fromt the bank and you will pay higher interest on your overdrawn balance.|||danger thats what it means, the bank will let you have more money that you actually own then you will be further in debt
You are technically borrowing money fromt the bank and you will pay higher interest on your overdrawn balance.|||danger thats what it means, the bank will let you have more money that you actually own then you will be further in debt
Monday, December 12, 2011
If I only pay the minimum balance and not the full current balance do I still get charge with the apr?
Yes.
When this happens, you will be assessed a finance charge computed through an extremely complex formula called Average Daily Balance.|||Yes. You will be charged the APR for any balance outstanding on your card if you don't pay in full. Paying the minimum balance will only save you late fees. If you don't pay the minimum you will likely have large fees and higher interest. Not to mention ruining your credit.|||Yes, you don't if you do pay the full balance.
When this happens, you will be assessed a finance charge computed through an extremely complex formula called Average Daily Balance.|||Yes. You will be charged the APR for any balance outstanding on your card if you don't pay in full. Paying the minimum balance will only save you late fees. If you don't pay the minimum you will likely have large fees and higher interest. Not to mention ruining your credit.|||Yes, you don't if you do pay the full balance.
What is your current balance/ statement balance?
on paypal it says my current balance and statement balance is 99.42 under my papypal buyer credit, what is that? is it money i owe? if so how do i pay it off?|||Your current balance is what you owe NOW.|||This is the 3rd time you've asked. Read the statement.
How can you check your current balance on your iPhone?
Download the My Account app from the app store|||Because the iPhone is the actual device and you are using a cell carrier (any carrier with your iPhone to be able to place and respond calls), so the only way to check your balance is to have a customer service or specially designated phone number for that carrier to give a call and found out the balance.|||Dial *BAL#
What is the difference between the Current Account Balance and Current Account Earnings?
In my finance textbook they are listed as two separate terms.|||Sure, your salesman just sold a fleet of trucks to a new transport company being formed. You deposit the check and you have just enlarged your current accounts. Then you wait a week before sending the money to the company that made the trucks. The bank pays you interest on the money sitting on account. The one is a value toward the current accounts balance, the other lends to current account earnings. Of course, you can figure out which from here, right?|||balance is the final total amount
earnings is the gain or interest generated from that account|||i am not so sure, is it related to the over drafted money?
for example:
my current account balance is 200
i can over drafted money is 2000
now i can use 2200 totally.
as you can see there are 3 numbers there. what do you see there?|||current account balance is the difference between savings and investment and current account earning is consider as profit or gain. Meaning your balance in your current account and earning or gain on your current account.
earnings is the gain or interest generated from that account|||i am not so sure, is it related to the over drafted money?
for example:
my current account balance is 200
i can over drafted money is 2000
now i can use 2200 totally.
as you can see there are 3 numbers there. what do you see there?|||current account balance is the difference between savings and investment and current account earning is consider as profit or gain. Meaning your balance in your current account and earning or gain on your current account.
Why does the spot exchange rate change based on the current account/trade balance of a country?
The question is asking me to forecast the spot exchange rate 1 year into the future if Japan is running a current account surplus and the US is running a current account deficit. So I would say that the Yen should appreciate in value based on this, but I don't really understand why that would happen.|||if a country, exports more than it imports..the balance of trade is a surplus. lets say japan has this situation, it is exporting more means japan is selling goods abroad, if people from outside japan want them, they have to pay Japan in Yen..this will increase demand for Yen...whenever demand increases, what happens to price (simple economics demand and supply curve)...the price increases. thus, Yen will increase in price, in other words, it will become more expensive in terms of other currencies.
Similarly, USA has a deficit, means that the country is importing more than it is exporting. importing means u purchase goods from another country, for that u have to pay them. Lets say USA imports products from Japan, can USA pay the money in Dollars in Japan?? no, it has to first purchase Yen. how will USA do that? they will give dollars to Japan govt, thereby increasing the supply of dollars in other countries...so USA supplies more Dollars, the supply of dollar rises, thereby decreasing its price (same demand supply rule of economics)....
we see therefore, that when a deficit is there in the economy, value of the currency will fall. whereas, when a surplus is there, value of the currency rises.
hope it helps
Similarly, USA has a deficit, means that the country is importing more than it is exporting. importing means u purchase goods from another country, for that u have to pay them. Lets say USA imports products from Japan, can USA pay the money in Dollars in Japan?? no, it has to first purchase Yen. how will USA do that? they will give dollars to Japan govt, thereby increasing the supply of dollars in other countries...so USA supplies more Dollars, the supply of dollar rises, thereby decreasing its price (same demand supply rule of economics)....
we see therefore, that when a deficit is there in the economy, value of the currency will fall. whereas, when a surplus is there, value of the currency rises.
hope it helps
Question on Current Balance and Statement Balance?
On my credit card when i go to pay online it has three options: 1: pay statement balance 335.17 2. pay minimum or 3 pay current balance 236.32. So if my current is lower than my statement because i recently deposited 225 on the balance to pay off some do i still owe 335?|||Your statement balance what only the balance due at the time of the printing or closing date of the statement. Anything that happened after that would change the current balance, such as additional charges or payments. If you already paid some down for the month, then you have likely already met your minimum payment requirement for the month. The current balance means that is all that is left to pay on the card. You only owe what you haven't paid off yet. So in your case, if you had a statement balance of $335.17 and you recently paid off $225, then you owe $110.17 (plus any interest charges or fee's that could have come up).
Is there Another Website for Check'g Ur Current North Carolina Child Support Balance?
The state website takes forever to load. All I wanna know is my Current balance includ'g Arrears.
I have yet to see the State Web Site Completely Load before the connection times out.|||the states website is the only way to see it, but here is a direct link for it.
http://www.ncchildsupport.com/
http://www.dhhs.state.nc.us/dss/cse/cust鈥?/a>
http://www.ncdhhs.gov/dss/cse/index.htm
also, they should have given you a 1-800 number for you to call for the payment/balance of your case. you could also call your caseworker for that balance as well.
CHILD SUPPORT CALCULATORS
http://www.divorcelawinfo.com/calculator鈥?/a>
http://www.alllaw.com/calculators/childs鈥?/a>
http://www.helpyourselfdivorce.com/child鈥?/a>
LAWS
http://www.divorcehq.com/spprtgroups.htm鈥?/a>
http://www.divorceinfo.com/statebystate.鈥?/a>
http://www.divorcenet.com/states
http://www.divorcesource.com/
http://www.divorcesource.com/info/deadbe鈥?/a>
http://www.divorcecentral.com/
http://family.findlaw.com/
http://family.findlaw.com/child-support/鈥?/a>
http://www.divorcehq.com/deadbeat.html
http://www.divorceinfo.com/
http://www.divorceinanutshell.com/
http://www.lawchek.com/Library1/_books/d鈥?/a>
http://family.findlaw.com/child-support/鈥?/a>
http://www.supportguidelines.com/resourc鈥?/a>
http://www.supportguidelines.com/links.h鈥?/a>
http://www.supportguidelines.com/laypers鈥?/a>
http://www.supportguidelines.com/article鈥?/a>
http://family.findlaw.com/child-support/鈥?/a>
http://www.spiesonline.net/deadbeat.shtm鈥?/a>
http://www.childsupport-aces.org/index2.鈥?/a>
STATS
http://www.childsupport-aces.org/acessta鈥?/a>
FINDING DEADBEATS
http://www.wantedposters.com/skiptrace.h鈥?/a>
http://find.intelius.com/search-name.php鈥?/a>
http://www.discreetdata.com/index.html
http://www.identitycrawler.net/people_se鈥?/a>
http://www.efindoutthetruth.com/
http://www.peoplefinders.com
http://zabasearch.com/
FED AGENCIES
http://www.ncsea.org/
http://www.nfja.org/index.shtml
http://www.naag.org/issues/issue-consume鈥?/a>
REGIONAL FEDERAL CHILD SUPPORT OFFICES
http://www.acf.hhs.gov/programs/oro/regi鈥?/a>
FACTS AND REGIONAL FEDERAL CS OFFICE INFO
http://www.acf.hhs.gov/programs/cse/fct/鈥?/a>
http://www.divorcesource.com/WI/ARTICLES鈥?/a>
http://www.acf.dhhs.gov/opa/fact_sheets/鈥?/a>
http://www.acf.dhhs.gov/programs/cse/new鈥?/a>
http://www.acf.dhhs.gov/programs/cse/faq鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.dhhs.gov/programs/cse/ext鈥?/a>
http://www.acf.dhhs.gov/programs/cse/
http://www.acf.dhhs.gov/grants/grants_cs鈥?/a>
http://www.acf.dhhs.gov/index.html
http://www.acf.hhs.gov/programs/region2/鈥?/a>
http://www.fms.treas.gov/faq/offsets_chi鈥?/a>
http://www.govbenefits.gov/govbenefits_e鈥?/a>
http://www.fedstats.gov/qf/
http://www.fedworld.gov/gov-links.html
http://fatherhood.hhs.gov/pfs92/ch3.htm
SSI AND CHILD SUPPORT
http://www.ssa.gov/policy/docs/policybri鈥?/a>
http://www.ssa.gov/notices/supplemental-鈥?/a>
http://family.findlaw.com/
FIND YOUR STATE REPS
http://www.usa.gov/
http://www.usa.gov/Agencies/State_and_Te鈥?/a>
http://www.nga.org
http://www.naag.org/attorneys_general.ph鈥?/a>
CHILD SUPPORT LIEN NETWORK
(some states work with them)
http://www.childsupportliens.com/
COLLECTORS
http://www.supportkids.com/
http://www.supportcollectors.com/faq.php
http://www.deadbeatdadfinders.com/
http://www.deadbeatdadfinders.com/links.鈥?/a>
http://www.childsupport-aces.org/index2.鈥?/a>
http://www.divorcesource.com/info/deadbe鈥?/a>
TAX INFO
http://www.taxsites.com/index.htm
http://www.divorceinfo.com/taxes.htm
http://www.irs.gov/taxtopics/tc354.html
http://www.irs.gov/taxtopics/tc422.html
http://www.irs.gov/faqs/faq4-5.html
http://www.irs.gov/localcontacts/index.h鈥?/a>
http://www.irs.gov/advocate/index.html
http://www.irs.gov/publications/p525/ind鈥?/a>
http://www.fms.treas.gov/faq/offsets_chi鈥?/a>
http://www.irs.gov/publications/p504/ar0鈥?/a>
http://money.cnn.com/2007/02/14/pf/taxes鈥?/a>
REPORT DEADBEATS
WORKING UNDER THE TABLE
(in writing, to your local and federal IRS offices)
http://www.irs.gov/localcontacts/index.h鈥?/a>
http://www.irs.gov/compliance/enforcemen鈥?/a>
SEX OFFENDERS
http://www.mapsexoffenders.com/
http://www.scanusa.com/
http://www.nsopr.gov/
http://www.familywatchdog.us/Default.asp
I have yet to see the State Web Site Completely Load before the connection times out.|||the states website is the only way to see it, but here is a direct link for it.
http://www.ncchildsupport.com/
http://www.dhhs.state.nc.us/dss/cse/cust鈥?/a>
http://www.ncdhhs.gov/dss/cse/index.htm
also, they should have given you a 1-800 number for you to call for the payment/balance of your case. you could also call your caseworker for that balance as well.
CHILD SUPPORT CALCULATORS
http://www.divorcelawinfo.com/calculator鈥?/a>
http://www.alllaw.com/calculators/childs鈥?/a>
http://www.helpyourselfdivorce.com/child鈥?/a>
LAWS
http://www.divorcehq.com/spprtgroups.htm鈥?/a>
http://www.divorceinfo.com/statebystate.鈥?/a>
http://www.divorcenet.com/states
http://www.divorcesource.com/
http://www.divorcesource.com/info/deadbe鈥?/a>
http://www.divorcecentral.com/
http://family.findlaw.com/
http://family.findlaw.com/child-support/鈥?/a>
http://www.divorcehq.com/deadbeat.html
http://www.divorceinfo.com/
http://www.divorceinanutshell.com/
http://www.lawchek.com/Library1/_books/d鈥?/a>
http://family.findlaw.com/child-support/鈥?/a>
http://www.supportguidelines.com/resourc鈥?/a>
http://www.supportguidelines.com/links.h鈥?/a>
http://www.supportguidelines.com/laypers鈥?/a>
http://www.supportguidelines.com/article鈥?/a>
http://family.findlaw.com/child-support/鈥?/a>
http://www.spiesonline.net/deadbeat.shtm鈥?/a>
http://www.childsupport-aces.org/index2.鈥?/a>
STATS
http://www.childsupport-aces.org/acessta鈥?/a>
FINDING DEADBEATS
http://www.wantedposters.com/skiptrace.h鈥?/a>
http://find.intelius.com/search-name.php鈥?/a>
http://www.discreetdata.com/index.html
http://www.identitycrawler.net/people_se鈥?/a>
http://www.efindoutthetruth.com/
http://www.peoplefinders.com
http://zabasearch.com/
FED AGENCIES
http://www.ncsea.org/
http://www.nfja.org/index.shtml
http://www.naag.org/issues/issue-consume鈥?/a>
REGIONAL FEDERAL CHILD SUPPORT OFFICES
http://www.acf.hhs.gov/programs/oro/regi鈥?/a>
FACTS AND REGIONAL FEDERAL CS OFFICE INFO
http://www.acf.hhs.gov/programs/cse/fct/鈥?/a>
http://www.divorcesource.com/WI/ARTICLES鈥?/a>
http://www.acf.dhhs.gov/opa/fact_sheets/鈥?/a>
http://www.acf.dhhs.gov/programs/cse/new鈥?/a>
http://www.acf.dhhs.gov/programs/cse/faq鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.hhs.gov/programs/cse/newh鈥?/a>
http://www.acf.dhhs.gov/programs/cse/ext鈥?/a>
http://www.acf.dhhs.gov/programs/cse/
http://www.acf.dhhs.gov/grants/grants_cs鈥?/a>
http://www.acf.dhhs.gov/index.html
http://www.acf.hhs.gov/programs/region2/鈥?/a>
http://www.fms.treas.gov/faq/offsets_chi鈥?/a>
http://www.govbenefits.gov/govbenefits_e鈥?/a>
http://www.fedstats.gov/qf/
http://www.fedworld.gov/gov-links.html
http://fatherhood.hhs.gov/pfs92/ch3.htm
SSI AND CHILD SUPPORT
http://www.ssa.gov/policy/docs/policybri鈥?/a>
http://www.ssa.gov/notices/supplemental-鈥?/a>
http://family.findlaw.com/
FIND YOUR STATE REPS
http://www.usa.gov/
http://www.usa.gov/Agencies/State_and_Te鈥?/a>
http://www.nga.org
http://www.naag.org/attorneys_general.ph鈥?/a>
CHILD SUPPORT LIEN NETWORK
(some states work with them)
http://www.childsupportliens.com/
COLLECTORS
http://www.supportkids.com/
http://www.supportcollectors.com/faq.php
http://www.deadbeatdadfinders.com/
http://www.deadbeatdadfinders.com/links.鈥?/a>
http://www.childsupport-aces.org/index2.鈥?/a>
http://www.divorcesource.com/info/deadbe鈥?/a>
TAX INFO
http://www.taxsites.com/index.htm
http://www.divorceinfo.com/taxes.htm
http://www.irs.gov/taxtopics/tc354.html
http://www.irs.gov/taxtopics/tc422.html
http://www.irs.gov/faqs/faq4-5.html
http://www.irs.gov/localcontacts/index.h鈥?/a>
http://www.irs.gov/advocate/index.html
http://www.irs.gov/publications/p525/ind鈥?/a>
http://www.fms.treas.gov/faq/offsets_chi鈥?/a>
http://www.irs.gov/publications/p504/ar0鈥?/a>
http://money.cnn.com/2007/02/14/pf/taxes鈥?/a>
REPORT DEADBEATS
WORKING UNDER THE TABLE
(in writing, to your local and federal IRS offices)
http://www.irs.gov/localcontacts/index.h鈥?/a>
http://www.irs.gov/compliance/enforcemen鈥?/a>
SEX OFFENDERS
http://www.mapsexoffenders.com/
http://www.scanusa.com/
http://www.nsopr.gov/
http://www.familywatchdog.us/Default.asp
What does it mean if my "current balance" is lower than my "available balance" in my checking account?
"Available" balance is what the bank can release to you and that amount which is not restricted for some reason..i.e. uncollected funds, etc.|||Call the bank|||There are at least 2 reasons.
1. the deposit that hasn't cleared (mentioned above)
2. on your debit card, If you use it as a debit card and enter a pin, the amount is deducted right away, but if you use it as a credit card, that is you sign it, then the bank knows about it but doesn't deduct it for a day or two probably for the merchant to deposit the transaction.
If you haven't made a deposit recently, the difference between the two balance numbers should total one or more recent purchaces.|||A pending transaction. If you've used your debit card, the bank usually knows about it right away. They won't let you overspend if they can help it, so they update your current balance with every purchase they're told about but they only update your available balance once during the day.|||That is something that you will have to clear up with the bank. Good luck.|||You probably have a line of credit, and can borrow the remainder up to the available balance.|||current balance is your balance after all your purchases have cleared............available balance is how mych money you have left in the bank|||it may mean that your deposit just has not posted yet, if you made it after hours it will be tomorrow before it will show up.|||It could meen you have an overdraft available. So if you have say $200 in your account and an overdraft of $500 your available balance would be $700.00|||mistake|||Did you make a Debit or check transaction that is still pending? This is usually the cause of this. If you don't recognize the transaction I would call the bank.|||you probably have an automatic line of credit through your financial institution allowing you to write checks or use debit up to a certain amount over what you have available in the bank.
My bank gave me a $200 line of credit which is charged interest and added to my visa account, (without my knowledge, or I just wasn't paying attention) Sometimes it is called overdraft protection. I had the service removed to prevent me from taking advantage of what seemed like free money!|||This usually means that there is a pending transaction on your account.|||it usually means you have made a deposit and the deposit has not cleared yet, although it shows up in your account.
Also, look on your bankcard or in your checkbook and there should be a toll free number you can call, follow the prompts and if you cannot figure it out, push zero for an operator to assist you.
1. the deposit that hasn't cleared (mentioned above)
2. on your debit card, If you use it as a debit card and enter a pin, the amount is deducted right away, but if you use it as a credit card, that is you sign it, then the bank knows about it but doesn't deduct it for a day or two probably for the merchant to deposit the transaction.
If you haven't made a deposit recently, the difference between the two balance numbers should total one or more recent purchaces.|||A pending transaction. If you've used your debit card, the bank usually knows about it right away. They won't let you overspend if they can help it, so they update your current balance with every purchase they're told about but they only update your available balance once during the day.|||That is something that you will have to clear up with the bank. Good luck.|||You probably have a line of credit, and can borrow the remainder up to the available balance.|||current balance is your balance after all your purchases have cleared............available balance is how mych money you have left in the bank|||it may mean that your deposit just has not posted yet, if you made it after hours it will be tomorrow before it will show up.|||It could meen you have an overdraft available. So if you have say $200 in your account and an overdraft of $500 your available balance would be $700.00|||mistake|||Did you make a Debit or check transaction that is still pending? This is usually the cause of this. If you don't recognize the transaction I would call the bank.|||you probably have an automatic line of credit through your financial institution allowing you to write checks or use debit up to a certain amount over what you have available in the bank.
My bank gave me a $200 line of credit which is charged interest and added to my visa account, (without my knowledge, or I just wasn't paying attention) Sometimes it is called overdraft protection. I had the service removed to prevent me from taking advantage of what seemed like free money!|||This usually means that there is a pending transaction on your account.|||it usually means you have made a deposit and the deposit has not cleared yet, although it shows up in your account.
Also, look on your bankcard or in your checkbook and there should be a toll free number you can call, follow the prompts and if you cannot figure it out, push zero for an operator to assist you.
Accounting for current assets of the balance sheet?
The following represent the current assets of the Boyce and Hart Corporation as of December 31, 2008.
Accounts Receivable - $42,000
Merchandise Inventory - $104,000
Interest Receivable - $3,500
Cash - $74,000
Allowance for Doubtful Accounts - $3,000
Notes Receivable - $100,000
Prepare the current assets section of the balance sheet as of December 31, 2008.|||Current assets go in order of liquidity.
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Interest Receivable
Notes Receivable
Merchandise Inventory
This is a good example of a balance sheet:
http://www.mrhvac.com/download/free/exam鈥?/a>
Hope this helps!!|||Boyce and Hart Corporation
Balance Sheet - Extract
As at 31/12/2008
ASSETS
Current Assets:
Cash - $74,000
Interest Receivable - $3,500
Notes Receivable - $100,000
Accounts receivable - $42,000
Less: Allowance for doubtful debts - ($3,000)
$39,000
Merchandise Inventory - $104,000
There you go, no fee for this :)
Cheers
Mo.
Accounts Receivable - $42,000
Merchandise Inventory - $104,000
Interest Receivable - $3,500
Cash - $74,000
Allowance for Doubtful Accounts - $3,000
Notes Receivable - $100,000
Prepare the current assets section of the balance sheet as of December 31, 2008.|||Current assets go in order of liquidity.
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Interest Receivable
Notes Receivable
Merchandise Inventory
This is a good example of a balance sheet:
http://www.mrhvac.com/download/free/exam鈥?/a>
Hope this helps!!|||Boyce and Hart Corporation
Balance Sheet - Extract
As at 31/12/2008
ASSETS
Current Assets:
Cash - $74,000
Interest Receivable - $3,500
Notes Receivable - $100,000
Accounts receivable - $42,000
Less: Allowance for doubtful debts - ($3,000)
$39,000
Merchandise Inventory - $104,000
There you go, no fee for this :)
Cheers
Mo.
Is it wise to pay the credit card current balance as such or should I only pay the amount shown in statement?
That is should I pay the amount stated on the closing date of the statement or should i pay the current balance as such.Say closing date ( say 5th of every month) amount is $200. payment due date is 15th and that day current balance is $500.should I pay $200 or $500|||If you have the money to pay off the current balance, that would be the best thing to do. You won't be paying any of those hefty finance charges. That is what I would do.|||Pay it off every time you use it. Debt is NEVER a good choice. If you can't pay it back you shouldn't have bought whatever it is you bought.|||Listen and learn. You should ALWAYS pay the maximum you can afford on your credit card. By paying the minimum monthly payments, you are paying mostly interest, so very little of that 200 dollar payment is actually applied to your principal payment. This is just a made up situation, but the principle is the same...
Say for instance you pay the minimun amount every month; it could take you years to actually pay off what you owe on the card. The best thing is to always pay off as much as you can afford. it is so much easier to get ahead of the game when you don't have any debt. Take if from my experience and everyone elses. If you want to get ahead of the game, pay the full amount. If you want to keep throwing your money away, pay the minimum.|||pay as much as u have..|||Check your credit agreement. If you have a grace period between when the charge hits the account and when payment is due (which is what it sounds like), pay the statement balance in full to avoid any finance charge. That way you have the use of the $300 you do not yet owe.
I am assuming you are accessing your account real-time over the internet and know additional charges have hit your account.|||I would pay the $500 cause you will get charged interest if you only pay a portion, no matter what the balance says on the statement. i believe some credit card companies do this on purpose as some dont keep their receipts to track how much they have used on their cards
Say for instance you pay the minimun amount every month; it could take you years to actually pay off what you owe on the card. The best thing is to always pay off as much as you can afford. it is so much easier to get ahead of the game when you don't have any debt. Take if from my experience and everyone elses. If you want to get ahead of the game, pay the full amount. If you want to keep throwing your money away, pay the minimum.|||pay as much as u have..|||Check your credit agreement. If you have a grace period between when the charge hits the account and when payment is due (which is what it sounds like), pay the statement balance in full to avoid any finance charge. That way you have the use of the $300 you do not yet owe.
I am assuming you are accessing your account real-time over the internet and know additional charges have hit your account.|||I would pay the $500 cause you will get charged interest if you only pay a portion, no matter what the balance says on the statement. i believe some credit card companies do this on purpose as some dont keep their receipts to track how much they have used on their cards
The difference between ~govt budget deficit ~current account deficit~balance-of-trade deficit?
research for paper and not one of the five books I've checked out offers a clear distinction or definition.
(current and balance deficits ) appear very similiar
help|||Gov't deficit = gov't expenses minus gov't revenues.
It is totally unrealted to other two.
Trade deficit = imports minus exports of entire country
Current account deficit = trade deficit plus outgoing transfers minus incoming transfers.
Typical transfer is foreign aid, which is small, so transfers do not change the picture too much.
Current account deficit should equal net foreign investment (incoming investment minus outgoing). This is because if you import something into US, you get dollars, and you either buy something (= exporting from US), or put the money in the bank which buys US T-bonds with it (investment into US).
(current and balance deficits ) appear very similiar
help|||Gov't deficit = gov't expenses minus gov't revenues.
It is totally unrealted to other two.
Trade deficit = imports minus exports of entire country
Current account deficit = trade deficit plus outgoing transfers minus incoming transfers.
Typical transfer is foreign aid, which is small, so transfers do not change the picture too much.
Current account deficit should equal net foreign investment (incoming investment minus outgoing). This is because if you import something into US, you get dollars, and you either buy something (= exporting from US), or put the money in the bank which buys US T-bonds with it (investment into US).
Why are current assets and fixed assets shown separately on a balance sheet?
On a company's balance sheet why are the current assets and fixed assets shown separately?
Help please,|||Current assets/liabilities are separate from long-term asset/liabilities because some assets/liabilities change value at different rates. The definition for current assets/liabilities is anything less than a year.
Help please,|||Current assets/liabilities are separate from long-term asset/liabilities because some assets/liabilities change value at different rates. The definition for current assets/liabilities is anything less than a year.
How would an increase in the Fed Budget deficit affect the current account balance and the value of the $1?
Since I am not sure how this all affects the domestic consumption in the long run and shor run either. I am confused entirely on this topic.|||It would probably make the current account balance worse and decrease the value of the dollar.
Auto loan payoff amount higher than current balance?
The outstanding balance on my auto loan is $13,591, however the payoff amount as of today is $13,706. I've made eight payment thus far, and my interest rate is 6.14%. Shouldn't the payoff amount be less than my outstanding balance?|||The outstanding balance you see on your statement is the balance up through your last payment. The payoff amount will include accrued interest from the date of the last regular payment until the date of the payoff, so there are probably a few days of interest added to your balance after your last monthly payment.
It's perfectly OK, but if you have a question, or if you think it's too high give the lender a call. Also, you can estimate the daily interest amount by multiplying 6.14%/365 X number of days from last payment until payoff date.|||the first 3 years of payments of an auto loan go towards interest. its usually the last year of payment that actually goes towards the principle of the loan. Thats why it is such a bad idea to trade in a car to buy another before the loan on the one is finished. you will always be upside down.
There is NEVER a penalty if you pay more than what the normal payment of your car is. If you pay the amount set when you got the loan you will pay for the car till the end date of the loan and will be upside down for the majority of the time you are paying for it. BUT if you have any extra money each month, throw it to the car payment. Any payment over the set amount will all go towards the principle of the car. and if you keep that up, you can make it where you are not upside down in the payments, and than the car is actually worth something. But it is soooo true what is said about driving a car off the dealor lot. No matter what you paid for it, unless you paid cash. than you are upside down with you payments the moment you drive off the lot. Pay whatever extra you can, it will help in the long run..|||It can really save you time to just get a car loan price on the web to see what the going rates are. You might be really suprised. Also if your credit is not good, a lot of them are more willing to help you.
What I usually tell folks is that an internet quote at http://autoloan.saverightnow.info is the way to go.|||If you've made any late payments, those fees can be added to the end of your loan, causing your pay-off amount to be higher than your outstanding balance. You could possibly have $115 worth of late fees that have piled up.
It's perfectly OK, but if you have a question, or if you think it's too high give the lender a call. Also, you can estimate the daily interest amount by multiplying 6.14%/365 X number of days from last payment until payoff date.|||the first 3 years of payments of an auto loan go towards interest. its usually the last year of payment that actually goes towards the principle of the loan. Thats why it is such a bad idea to trade in a car to buy another before the loan on the one is finished. you will always be upside down.
There is NEVER a penalty if you pay more than what the normal payment of your car is. If you pay the amount set when you got the loan you will pay for the car till the end date of the loan and will be upside down for the majority of the time you are paying for it. BUT if you have any extra money each month, throw it to the car payment. Any payment over the set amount will all go towards the principle of the car. and if you keep that up, you can make it where you are not upside down in the payments, and than the car is actually worth something. But it is soooo true what is said about driving a car off the dealor lot. No matter what you paid for it, unless you paid cash. than you are upside down with you payments the moment you drive off the lot. Pay whatever extra you can, it will help in the long run..|||It can really save you time to just get a car loan price on the web to see what the going rates are. You might be really suprised. Also if your credit is not good, a lot of them are more willing to help you.
What I usually tell folks is that an internet quote at http://autoloan.saverightnow.info is the way to go.|||If you've made any late payments, those fees can be added to the end of your loan, causing your pay-off amount to be higher than your outstanding balance. You could possibly have $115 worth of late fees that have piled up.
Why does my bill have a - sign infront of my current balance?
I have 1 phone and when i check my bill on verizon wireless it shows i owe -211.00 why does it have a - sign infront of it???|||Is that number numerically higher or lower than your previous balance before current charges and payments were applied? You should be able to tell if that is overdue because you forgot to pay a bill or more, or if it is a credit because you paid too much or made double payment. That should be easy to tell if you pay from a checking account that you have on-line access to.
Is there info about current miles balance and where you could travel to?
I've had miles accumulated and am looking for something that will tell me where I could travel to on my next vacation.|||Check on the website for the airline that your miles are with. You should be able to create an online account with your frequent flyer number if you don't already have an account; once you are logged in you can view your mileage balance, and you will be able to find charts that show how many miles you need to fly to certain places. Usually a domestic ticket is around 25,000 miles and a ticket to Europe is around 100,000 miles if you are starting out in the US but there's other redemption levels--- for example, if there are no more free/award seats on the flight you want, you can increase the number of miles you redeem to get a seat anyway.
If you own two houses and you foreclose on one of them does the balance go on top of your current mortgage?
I don't know how much longer I can keep paying my other house. It is a rental and I have not collected rent for the past 12 months and have tried selling it twice with no success. If stop paying it and it sells for less than the mortgage will they put the balance on my current house and make me pay it back. My expenses right now are higher than my income and no bank wants to help me because I am not behind in payments.|||Unless BOTH mortgages are with the same company AND you signed something specifically allowing deficiencies on the rental to be added to your home mortgage, it will not happen that way. If you had signed such a document, you would have known about it.
The CAN sue you for any deficiency in most states. That means you will still owe the difference plus the cost of foreclosing. You should contact a GOOD Realtor and attempt to negotiate a 'short sale'. That basically means you convince the bank to accept what the house sells for and eat the loss.|||They cannot modify the mortgage on your current house, however, a judgement could be filed against you and the court order the difference be paid.
Call the bank that holds the mortgage on the rental and ask their advice. There are several new and complicated programs out there that could help you - the bank would know. The last thing they really want is a house back, they really prefer to work things out and be able to collect the loan.|||very sad
The CAN sue you for any deficiency in most states. That means you will still owe the difference plus the cost of foreclosing. You should contact a GOOD Realtor and attempt to negotiate a 'short sale'. That basically means you convince the bank to accept what the house sells for and eat the loss.|||They cannot modify the mortgage on your current house, however, a judgement could be filed against you and the court order the difference be paid.
Call the bank that holds the mortgage on the rental and ask their advice. There are several new and complicated programs out there that could help you - the bank would know. The last thing they really want is a house back, they really prefer to work things out and be able to collect the loan.|||very sad
Would it matter to pay off the current balance you see online for a credit card or should you just pay?
off the statement balance?|||i would go w/ the statement balance those are correct some times online charges include current i work at a call center and see that all the time just go ahead and make the pymt on the statement you received|||You should always pay the balance off within a few months otherwise all you will be paying is the interest forever.|||pay the current charge if your unsure which payment to go by then ring them|||why cut off the foot for a hangnail on your toe???|||If you pay off the statement balance every month, you will most likely avoid paying any interest charges. Check your card agreement and find out what the grace period is.|||Paying your balance off in full is always the best.|||You can pay as much of the balance you want. I heard people say there are credit cards that penalize you for early payments or paying more on the balance. However, I never seen those types of credit accounts. Normally those penalties apply to loans. Even then, I have never gotten a loan that penalizes you for paying the loan off early as well.
Some credit cards only permit you to make an online payment of your current balance. For example, you have a credit card with a $700 credit limit. Your online balance is $200, but your available credit is $400. You have charged $100 that has not posted to your credit account, so your balance is really $300. For some credit cards (i.e. Citibank), you cannot make a $300 payment online because your posted balance is only $200. The most you can make is $200 and then wait for the $100 charge to post.
Some credit cards only permit you to make an online payment of your current balance. For example, you have a credit card with a $700 credit limit. Your online balance is $200, but your available credit is $400. You have charged $100 that has not posted to your credit account, so your balance is really $300. For some credit cards (i.e. Citibank), you cannot make a $300 payment online because your posted balance is only $200. The most you can make is $200 and then wait for the $100 charge to post.
What is current and available balance?
What is current and available balance?
What's the difference?
Which one is the "real" balance?
Which one is the one that really matters?
Thank you.|||if you have a credit card and you look online at your current and available balances.
lets say your credit card has a limit of $500.00
lets say you use your credit card to a $50.00 shirt. the transaction goes through.
current balance(a.k.a outstanding balance) is $50.00
available balance is $450.00
*current balance(a.k.a outstanding balance) is what you owe %26lt;-shirt you bought
*available balance is what you have left on your credit card limit.
the "real" balance would the current balance (a.k.a outstanding balance) because you have to pay for it when the bill comes.
they both matter. because you need to know what you have available so you dont go over the limit and pay a fee (credit card gets declined). you need to know the current balance(a.k.a outstanding balance) to know how much you need to pay back.
hope this helps.|||Current balance is what's in your account. Available balance is what's in your account when whatever is pending goes through. If you made a debit card purchase, it could be a pending debit; not yet deducted. The available balance is the one you need to pay attention to.
What's the difference?
Which one is the "real" balance?
Which one is the one that really matters?
Thank you.|||if you have a credit card and you look online at your current and available balances.
lets say your credit card has a limit of $500.00
lets say you use your credit card to a $50.00 shirt. the transaction goes through.
current balance(a.k.a outstanding balance) is $50.00
available balance is $450.00
*current balance(a.k.a outstanding balance) is what you owe %26lt;-shirt you bought
*available balance is what you have left on your credit card limit.
the "real" balance would the current balance (a.k.a outstanding balance) because you have to pay for it when the bill comes.
they both matter. because you need to know what you have available so you dont go over the limit and pay a fee (credit card gets declined). you need to know the current balance(a.k.a outstanding balance) to know how much you need to pay back.
hope this helps.|||Current balance is what's in your account. Available balance is what's in your account when whatever is pending goes through. If you made a debit card purchase, it could be a pending debit; not yet deducted. The available balance is the one you need to pay attention to.
Difference between Available Balance and Current Balance?
So I called today and it said I have current balance800$
but then it said i have available balance is 200$ why is that?
I want to buy something for 300$ but idk what to do.
thanks.|||Your available balance is the amount you'd be able to access today, so if you want to buy something for $300 you'll have to wait. There's a number of reasons for your available balance not being the same as your current balance, but the most common reasons are
- there's a hold on some of the money as they wait for it to clear (e.g. if you deposited a cheque yesterday, it make take a few days for them to make sure the person who wrote the cheque can honour the amount)
- you have a daily withdrawal limit on your account - which is what most people do have in order to prevent someone from clearing your account out in a single transaction if somehow your account was compromised.
I suggest talking to your bank to determine exactly why and what you can do to make a purchase of $300. It may just be a matter of withdrawing $200 today and $100 tomorrow, or coming into the branch with photo ID to get all $300 in one shot, or waiting for a cheque to clear.|||Current balance is everything that has been fully accounted for.
Available balance might include deduction of pending checks or debit charges that they are aware of, but might not include deposits that have not cleared yet. It would not include recent checks or charges that they are totally unaware of yet.
Some banks will make part of a deposit (like $100) immediately available in your available balance, and the rest when the check clears.
You would have to look at more details of your account on-line to see what pending charges are going to deduct from the $800 or uncleared deposit might add to the $200.
but then it said i have available balance is 200$ why is that?
I want to buy something for 300$ but idk what to do.
thanks.|||Your available balance is the amount you'd be able to access today, so if you want to buy something for $300 you'll have to wait. There's a number of reasons for your available balance not being the same as your current balance, but the most common reasons are
- there's a hold on some of the money as they wait for it to clear (e.g. if you deposited a cheque yesterday, it make take a few days for them to make sure the person who wrote the cheque can honour the amount)
- you have a daily withdrawal limit on your account - which is what most people do have in order to prevent someone from clearing your account out in a single transaction if somehow your account was compromised.
I suggest talking to your bank to determine exactly why and what you can do to make a purchase of $300. It may just be a matter of withdrawing $200 today and $100 tomorrow, or coming into the branch with photo ID to get all $300 in one shot, or waiting for a cheque to clear.|||Current balance is everything that has been fully accounted for.
Available balance might include deduction of pending checks or debit charges that they are aware of, but might not include deposits that have not cleared yet. It would not include recent checks or charges that they are totally unaware of yet.
Some banks will make part of a deposit (like $100) immediately available in your available balance, and the rest when the check clears.
You would have to look at more details of your account on-line to see what pending charges are going to deduct from the $800 or uncleared deposit might add to the $200.
Do you have to pay the current balance of your credit card, to get back the available credit you have?
i dont have the 200 dollars right now but i can pay half, so do i have to pay the full 200 to get that available credit back? or will i get it back just by paying half? first time with a credit card, i have capital one btw|||Your available credit is the difference between your limit and how much you owe.
Unless your card is paid in full, you will not be able to charge the full amount of your credit limit.
Of course, if you can;t pay your bill in full, then you should not be charging up more. You are about to fall into the credit trap and start paying interest and increasing your balance. Only charge what you can pay off in full at the end of the month.|||You have to pay the entire bill every time, in order to avoid paying any interest. If you're not doing this, you're just making yourself poor for nothing.
Always pay the whole bill, every time. If you can't limit your spending to make this work, then shred the card.|||if you owe $200 and only pay back $100 then your available balance is $100. The available balance is what is left on the card to use.
Unless your card is paid in full, you will not be able to charge the full amount of your credit limit.
Of course, if you can;t pay your bill in full, then you should not be charging up more. You are about to fall into the credit trap and start paying interest and increasing your balance. Only charge what you can pay off in full at the end of the month.|||You have to pay the entire bill every time, in order to avoid paying any interest. If you're not doing this, you're just making yourself poor for nothing.
Always pay the whole bill, every time. If you can't limit your spending to make this work, then shred the card.|||if you owe $200 and only pay back $100 then your available balance is $100. The available balance is what is left on the card to use.
How do I use Yahoo Finance to fine current balance sheet fro a company?
Type in the symbol of the company. Go to the left column and select "Key Statistics." Then, near the bottom of that page is "Balance Sheet."
An example of one is here: http://finance.yahoo.com/q/bs?s=YHOO%26amp;ann鈥?/a>
An example of one is here: http://finance.yahoo.com/q/bs?s=YHOO%26amp;ann鈥?/a>
Does the classified balance sheet represent the current mkt value of the assets?
Does the classified balance sheet represent the current mkt value of the assets, liabilities, and stockholders' equity? Why? if not, how could i find out the mkt value?|||No. Some items, like property plant %26amp; equipment may be stated at cost less accumulated depreciation and accumulated impairment losses. To get the fair value, you need to read the notes to the accounts. Most of the latest standards require disclosure of fair values if the cost model is used for recognition purposes.
Actualy i want to know how to know my current EPF account balance?
hello everybody,
Actualy i want to know how to know my current EPF account balance. is there any on line system from where i can get the information or can download account statement just by entering EPF account number.
If anybody knows the answer pls give a reply to me|||Your employer is legally bound to provide the information.No online service is heard.|||first i wana know whats EPF ???????
Actualy i want to know how to know my current EPF account balance. is there any on line system from where i can get the information or can download account statement just by entering EPF account number.
If anybody knows the answer pls give a reply to me|||Your employer is legally bound to provide the information.No online service is heard.|||first i wana know whats EPF ???????
What is current balance on tmobile ?
it says current account balance 32.00 when i click on make payment it says
Amount due : $0.00
Payments received: $0.00
Current balance: ($32.00)|||For the most part anytime a dollar amount is in parentheses it usually means a negative dollar amount, that's why the amount due is $0.00. So you have a credit of $32
Amount due : $0.00
Payments received: $0.00
Current balance: ($32.00)|||For the most part anytime a dollar amount is in parentheses it usually means a negative dollar amount, that's why the amount due is $0.00. So you have a credit of $32
What is the difference between available balance and current balance on my deposit slip form my bank?
does anyone know?|||Available means the amount of money you can take out now.
Current often is higher - because something you have deposited hasn't cleared yet.|||some banks have an over draft amount, my bank has 700 over draft amount,, it helps in a way so you don't own more then one person if you overdraw on your bank account, you STILL owe the bank but you don't other the other person too, like if you wrote a check it won't bounce, you will owe the bank money ..
Current often is higher - because something you have deposited hasn't cleared yet.|||some banks have an over draft amount, my bank has 700 over draft amount,, it helps in a way so you don't own more then one person if you overdraw on your bank account, you STILL owe the bank but you don't other the other person too, like if you wrote a check it won't bounce, you will owe the bank money ..
Could you overdraft for current balance?
Also is it bad? I'm 16 and the bank has a hold on 141 dollars i deposited Saturday.|||Don't do it - respect the hold.
Overdraft fees are nasty
Overdraft fees are nasty
Auto loan payoff amount higher than current balance?
The outstanding balance on my auto loan is $13,591, however the payoff amount as of today is $13,706. I've made eight payment thus far, and my interest rate is 6.14%. Shouldn't the payoff amount be less than my outstanding balance?|||Actually, believe it or not, it is a GOOD thing that the payoff is higher than the balance! If it were lower it would mean that:
a. You had a precomputed interest loan - which is ALWAYS a bad deal, or,
b. You had credit insurance on your loan - which is ALWAYS a bad deal, or,
c. You had Gap insurance on your loan - which is ALWAYS a bad deal.
The fact that you owe more as a payoff means simply that you have a simple interest loan (ALWAYS the best deal).
Since you cannot pre-pay interest, you do have interest due on your balance since your last date of payment. That interest is added to your principal balance to come up with the payoff.
Hope this helps!!!
a. You had a precomputed interest loan - which is ALWAYS a bad deal, or,
b. You had credit insurance on your loan - which is ALWAYS a bad deal, or,
c. You had Gap insurance on your loan - which is ALWAYS a bad deal.
The fact that you owe more as a payoff means simply that you have a simple interest loan (ALWAYS the best deal).
Since you cannot pre-pay interest, you do have interest due on your balance since your last date of payment. That interest is added to your principal balance to come up with the payoff.
Hope this helps!!!
Can I withdraw the "Current Balance" in an ATM Machine?
I deposited a check in my account, then i checked it online, there's the available balance and a "current balance"
Can I withdraw the current balance?|||You can only withdraw the "available balance." The current balance is the money you have in your account, however, all that money may not be verified yet. For example, it may take a day or two for that check you deposited to "clear".
Say you have an available balance of $100 in your account. You then deposit a check for $500. This brings your current balance to $600. But your available balance is still $100. Depending on your bank and account, you won't be able to immediately withdraw the entire amount or even a portion of it. Depositing a check into your checking account is not the same as cashing a check.
And then you'll be limited to the daily withdraw limit set by your bank. Each bank is different but it is generally between $200 and $400 per day. $400 is a common amount. If you need to withdraw a larger amount, you'll most likely have to go and make a withdrawal from a teller inside the bank during regular business hours.|||NO. YOU MAY WITDRAW THE AVAILABLE BALANCE.|||No, you can only withdraw the "available balance." The bank has to wait for the check to clear the other person's bank, to verify that the money really is there and can be transferred to your bank and your account.|||The ATM's balance is usually a day behind. Your available balance and current balance are usually never the same. You have to take in account how many checks you have pending and holds on your account and a lot of other factors. Depending on your bank, there may be restrictions on how much you can withdraw per day on your card, if you have a problem talk to someone at your bank. They can help you out.|||Both are wrong !!! ATM have Daily withdrawal limits. They vary from 200 to 400 a day.
Can I withdraw the current balance?|||You can only withdraw the "available balance." The current balance is the money you have in your account, however, all that money may not be verified yet. For example, it may take a day or two for that check you deposited to "clear".
Say you have an available balance of $100 in your account. You then deposit a check for $500. This brings your current balance to $600. But your available balance is still $100. Depending on your bank and account, you won't be able to immediately withdraw the entire amount or even a portion of it. Depositing a check into your checking account is not the same as cashing a check.
And then you'll be limited to the daily withdraw limit set by your bank. Each bank is different but it is generally between $200 and $400 per day. $400 is a common amount. If you need to withdraw a larger amount, you'll most likely have to go and make a withdrawal from a teller inside the bank during regular business hours.|||NO. YOU MAY WITDRAW THE AVAILABLE BALANCE.|||No, you can only withdraw the "available balance." The bank has to wait for the check to clear the other person's bank, to verify that the money really is there and can be transferred to your bank and your account.|||The ATM's balance is usually a day behind. Your available balance and current balance are usually never the same. You have to take in account how many checks you have pending and holds on your account and a lot of other factors. Depending on your bank, there may be restrictions on how much you can withdraw per day on your card, if you have a problem talk to someone at your bank. They can help you out.|||Both are wrong !!! ATM have Daily withdrawal limits. They vary from 200 to 400 a day.
When buying online with a debit card, will it come out of my current balance or avaliable balance?
Using a visa electron debit card.|||Available balance.
We want to move but owe a current mortgage balance for a property that is not selling...are we stuck?
We have already begun a new home search and think we have found some viable options. However, there may be one hinderence to our future plans. We have no down payment money and currently own a condo that has an outstanding balance of $72 thousand with a market value of $85 thousand if lucky. We are desperate to get out because the building is turning for the worse, primarily because of a shift property management. This is no longer a place that we want to live and that feeling is shared by my most other property owners. There is more than 20 units for sale in the building I live and they are simply not selling. Are we stuck? Is there a way for us to free ourselves of this current situation that would still allow for us to move into a better suited property? Any professional expertise or similiarily survived scenarios are greatly appreciated and thank you in advance!|||I am mortgage broker. you can do a bridge loan but they are not easy to get and can be a hassel. You can own two homes at the same time. If you can afford to pay 2 mortgages based on your debt to burden ratio then a lender will loan you the funds for a new home without a contingent of sale on the condo. If you do not meet the debt to burden requirements they would approve you but it would be contingent on when your condo sold!! so obviously you want to talk to a few lenders and find one that will approve you without having a contingency of sale. You would just have to wait it out though paying two mortages until that condo sold. or you could always rent it after you move (thats just a personal sugestion to rent it). and keep it as an investment property. Now the trick with renting it is this (say you really want to sell it and have no plans on renting it)....all you need to provide the lender with is a signed rental agreement....(its a lil shady and you dont want to get busted doing that but a friend can sign one for you to turn in to get rid of a contingency of sale for the condo)
as far as the equity in the condo yeah you wont get anything out of that. that lil amount you have would go to the realistate agent, fees and closing. So what you want to do if you have a good debt to burden ratio is do an 80/20 loan on the new home. yes you would have two mortgages on the new home ( a 1st being the 80 percent and a 2nd being the 20 percent)but both would be going to pay down your principle on the loans and you wont have to come out of pocket for a hefty down payment fee and you wouldnt have to pay PMI for a low downpayment either.|||You could ask a local mortgage broker about a bridge loan to see if it would be suitable for your situation.
Best of luck|||It looks like you're stuck paying "carrying" costs, i.e. the mortgage between the time you move and the time someone else buys it.
Is there any way you could rent out the property?|||you may have to come to closing table with money, after commissions paid etc... talk with your agent %26amp; see if they will do less commission or can work something out since you are buying another property.
also have that agent check all teh for sale listing in your area and try to get at least $1000 under teh lowest priced property if not more, you have to get everyone to look at your property verses the others that are for sale.
and make sure yours is ready for sale, have it show ready, paint, carpet, all your junk out etc...and never be at home when they show it always leave go for walk or out to dinner.|||You might want to consider having a local Realtor place your condo as a lease option. This way, you can ask, for example, for 10k down from an interested party, and then give them 1-3 years to purchase the property at say, 85k. In the meantime, they make your mortgage payments, and you can take the down and apply it towards your new home. Or you can list the property at a nice low cost as a lease option, then if the potential buyer doesn't purchase it in like one year or less, you can state that the purchase price will go up. You can work the lease however you want; you could say 15k down and give them more time, then when the time is up require another down, or else by then prices will have appreciated, or you can just continue to rent out the place at the cost of your mortgage payments. Another option is to obtain financing in the form of a bridge loan; which will motivate you to sell your home at a bargain price if renting it to pay your mortgage isn't feasible. Hope this helps :)
as far as the equity in the condo yeah you wont get anything out of that. that lil amount you have would go to the realistate agent, fees and closing. So what you want to do if you have a good debt to burden ratio is do an 80/20 loan on the new home. yes you would have two mortgages on the new home ( a 1st being the 80 percent and a 2nd being the 20 percent)but both would be going to pay down your principle on the loans and you wont have to come out of pocket for a hefty down payment fee and you wouldnt have to pay PMI for a low downpayment either.|||You could ask a local mortgage broker about a bridge loan to see if it would be suitable for your situation.
Best of luck|||It looks like you're stuck paying "carrying" costs, i.e. the mortgage between the time you move and the time someone else buys it.
Is there any way you could rent out the property?|||you may have to come to closing table with money, after commissions paid etc... talk with your agent %26amp; see if they will do less commission or can work something out since you are buying another property.
also have that agent check all teh for sale listing in your area and try to get at least $1000 under teh lowest priced property if not more, you have to get everyone to look at your property verses the others that are for sale.
and make sure yours is ready for sale, have it show ready, paint, carpet, all your junk out etc...and never be at home when they show it always leave go for walk or out to dinner.|||You might want to consider having a local Realtor place your condo as a lease option. This way, you can ask, for example, for 10k down from an interested party, and then give them 1-3 years to purchase the property at say, 85k. In the meantime, they make your mortgage payments, and you can take the down and apply it towards your new home. Or you can list the property at a nice low cost as a lease option, then if the potential buyer doesn't purchase it in like one year or less, you can state that the purchase price will go up. You can work the lease however you want; you could say 15k down and give them more time, then when the time is up require another down, or else by then prices will have appreciated, or you can just continue to rent out the place at the cost of your mortgage payments. Another option is to obtain financing in the form of a bridge loan; which will motivate you to sell your home at a bargain price if renting it to pay your mortgage isn't feasible. Hope this helps :)
Whats the difference between "Current Balance" and "Available Balance" on my bank statement?
Your current balance is what the bank has for your balance on the ledger.
However, most times you don't have access to most of it. If you've recently deposited a check, they may hold that and that amount would not be "Available" for a few days. Also if you buy something with a debit card, the purchase amount is deducted from what's available even though it hasn't officially cleared.|||Well its tricky cause I don't know what bank, but I work at one and we have 3 balances.
Current/ledger which is what your balance was at midnight (when everything posted).
Memo (also known as current) balance which includes all deposits, debits, credits, checks, etc that have gone through on the account (this is pretty much what your balance is, unless you deposited a bad check or something).
Then available balance. This is the amount of funds you currently had/have to spend until everything that is going through posts. Which is posted at midnight everyday. However remember after the banks business day ends friday nothing will post till monday at midnight. |||When you use your card or another electronic transaction is pending, the computer actually encumbers the money for that transaction. This money is then taken away from the balance that is in your account. Therefore the money that is in the account is current balance and the pending transaction is taken away from that to give you an available balance. NOTE dont count on the current balance, use the available balance. |||Current balance is what you have deposited in the account. Like a check drawn on another bank. Available balance is what is actually collected. Like checks that have been deposited and have been transferred 'in' the account.
However, most times you don't have access to most of it. If you've recently deposited a check, they may hold that and that amount would not be "Available" for a few days. Also if you buy something with a debit card, the purchase amount is deducted from what's available even though it hasn't officially cleared.|||Well its tricky cause I don't know what bank, but I work at one and we have 3 balances.
Current/ledger which is what your balance was at midnight (when everything posted).
Memo (also known as current) balance which includes all deposits, debits, credits, checks, etc that have gone through on the account (this is pretty much what your balance is, unless you deposited a bad check or something).
Then available balance. This is the amount of funds you currently had/have to spend until everything that is going through posts. Which is posted at midnight everyday. However remember after the banks business day ends friday nothing will post till monday at midnight. |||When you use your card or another electronic transaction is pending, the computer actually encumbers the money for that transaction. This money is then taken away from the balance that is in your account. Therefore the money that is in the account is current balance and the pending transaction is taken away from that to give you an available balance. NOTE dont count on the current balance, use the available balance. |||Current balance is what you have deposited in the account. Like a check drawn on another bank. Available balance is what is actually collected. Like checks that have been deposited and have been transferred 'in' the account.
How to check others vodafone numbers current balance and validity without their knowledge ?
It's not possible.|||it is possible one of my friend text msg me
|||Join Vodafone.|||not possible
Report Abuse
|||Join Vodafone.|||not possible
How to check others vodafone numbers current balance and validity without their knowledge ?
You have an option. Every time you try this adventure, Rs/-10 will be debited from your current balance. Is that OK for you.|||You can't afaik.
Why do you want to do this??
Why do you want to do this??
Can I place a bid on ebay if my current paypal balance is zero?
I want to place a bid on an item in an auction ending today, but i just set up my paypal account today, so i currently have a balance of zero. It's connected to my bank account, but it says it'll take 3-5 days to electronically transfer. Can I still place a bid?|||You may go ahead and place the bid today. If you win you can pay through Pay Pal and the payment will be withdrawn from your bank account. I've never carried a balance in my PP account and have used my checking account or a credit card with no problem.
Good luck with bidding!|||Yes! You don't need to pay for your item immediately. Unless the seller states other wise, you have 4 - 7 days to pay. I'd recommend sending a message to the seller telling them that you are waiting for a transfer. As long as you intend to pay, they should be very understanding. People pay via electronic transfer all the time.
Good luck with bidding!|||Yes! You don't need to pay for your item immediately. Unless the seller states other wise, you have 4 - 7 days to pay. I'd recommend sending a message to the seller telling them that you are waiting for a transfer. As long as you intend to pay, they should be very understanding. People pay via electronic transfer all the time.
How do i figure monthly intrest, principal, per diem, and current balance on excel?
i need like a formula to put in and not all the monthly payments are equal or on time. Im trying to find the balance of monthly payments that are being made to me and i am the one that keeps tract of them and collects payments so no one else has the info but me. but the spreadsheet needs to show the intrest, per diem etc. thanks!!!|||Its easy... you have to make your own formulas... I could make one for you but its too complicated to write in here. But basically you put your beginning balance * interest rate = interest payment + principal payment. then you get a new balance and put that amount under the beginning balance and so on.
Credit card has positive current balance?
my available funds (and it's my credit limit) in my credit card is 500 dollars. supposedly my current balance is 0.00. but it's stated 99 + dollar, with a positive sign with it. what does that mean? if i owe 99 dollar,my available fund should be $401.|||Are you looking at an actual statement? Or just the online account? There is a difference between the two.
It is possible that your statement shows a 0 balance and your full liimit available. You statement includes transactions up to the closing date. Any transaction after the closing date may show on the online account but will be included in the next statement.
That $99 is probably a charge made after the closing date. It shows on the online account but isn't included on your last statement.|||First off... did you use the card lately and purchased items and are you looking at an online statement?
If the answer is yes, then what you might be looking at is your available credit limit and that is now only $99 but the billing cycle hasn't closed yet so no payment is due yet.
Are you looking at a paper statement and your available line of credit is still at $500?
Did you overpay your credit card? If you paid too much then they will send you the $99 back...
You can see that there is more than one possible cause for this. Best thing to do is to call the billing department of your credit card company and ask them to explain what this means.
It is possible that your statement shows a 0 balance and your full liimit available. You statement includes transactions up to the closing date. Any transaction after the closing date may show on the online account but will be included in the next statement.
That $99 is probably a charge made after the closing date. It shows on the online account but isn't included on your last statement.|||First off... did you use the card lately and purchased items and are you looking at an online statement?
If the answer is yes, then what you might be looking at is your available credit limit and that is now only $99 but the billing cycle hasn't closed yet so no payment is due yet.
Are you looking at a paper statement and your available line of credit is still at $500?
Did you overpay your credit card? If you paid too much then they will send you the $99 back...
You can see that there is more than one possible cause for this. Best thing to do is to call the billing department of your credit card company and ask them to explain what this means.
How can I determine how much cash a company has in the current account from the Balance Sheet alone?
If I only have access to the Balance Sheet, and I want to know what the average current account float a company has, how do I tell?|||just look at the amount under CASH, and BANK ACCOUNTS|||Thanks. But that information is historical.
Is there a way to estimate how much cash flow may be in the future? Apert from talking to the company and understanding its, investments, capital expenses, inventory buildup...
I do just look at the CASH but is that too simplistic?
|||A balance sheet is a snapshot of the company at the time it is prepared. On the prior day and the following day cash could hve been very different. the balance sheet lacks the data needed to calculate average cash balances.|||why do you wanna know this?
Is there a way to estimate how much cash flow may be in the future? Apert from talking to the company and understanding its, investments, capital expenses, inventory buildup...
I do just look at the CASH but is that too simplistic?
Report Abuse
|||A balance sheet is a snapshot of the company at the time it is prepared. On the prior day and the following day cash could hve been very different. the balance sheet lacks the data needed to calculate average cash balances.|||why do you wanna know this?
Difference between trade balance and current account balance?
Can anyone explain the difference between trade balance and current account balance?
Thanks|||The current account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Trade Balance is the difference between exports and imports.|||Trade balance: visible exports and imports.
Current account balance: Visible exports and imports + invisible exports imports.
Thanks|||The current account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Trade Balance is the difference between exports and imports.|||Trade balance: visible exports and imports.
Current account balance: Visible exports and imports + invisible exports imports.
What is Current Balance on Ebay?
What does it mean when you have a current balance of $17.33 on ebay? Does that mean I owe them 17.33 or does it mean that's how much money I have in my account?|||In eBay it would mean how much you owe.
In PayPal it's how much that's in your account.|||Ask ur dad
In PayPal it's how much that's in your account.|||Ask ur dad
What does current balance on my phone mean?
ok, so i have a sony ericsson and i wanted to check my balance n it gave me this:
text:current balance: 112.11
due date: 11/21/08
last payment rcvd: 84.87
on: 10/15/08
what does the current balance part mean? like i owe that much? or what? plz help!!!!!|||it meansz that how much you owe
you qotta pay it by da due date|||yep you owe that much as of that date get the check book
text:current balance: 112.11
due date: 11/21/08
last payment rcvd: 84.87
on: 10/15/08
what does the current balance part mean? like i owe that much? or what? plz help!!!!!|||it meansz that how much you owe
you qotta pay it by da due date|||yep you owe that much as of that date get the check book
Explain how the current account and balance of payments are related?
Besides the answer that the current account is part of the balance of payment.|||Current account records the country's imports and exports of goods and services,plus incomes and transfers of money between inside and outside.
Balance of payment is the difference between revenues and expenditures occurred to the country, added by loss and gain to the country's income.
BP= (current account) + (capital account) + (Financial Account)
The NET result of the equation, depends on the sign and value of the current account, and the other 2 accounts, bcoz they add up to give the NET result on the Balance of payments.
BP is a sum of all the transactions in the 3 main accounts summarised in the equation above.
Higher value of the minus sign encourages deficit and higher value of positive sign creates a surplus in the final Balance of payments (BP). .
Eg, if we substitute BP = A + B + C
If A = current account, and is negative, then it upsets the total of all 3 accounts to a negative sign, called deficit.
Balance of payment is the difference between revenues and expenditures occurred to the country, added by loss and gain to the country's income.
BP= (current account) + (capital account) + (Financial Account)
The NET result of the equation, depends on the sign and value of the current account, and the other 2 accounts, bcoz they add up to give the NET result on the Balance of payments.
BP is a sum of all the transactions in the 3 main accounts summarised in the equation above.
Higher value of the minus sign encourages deficit and higher value of positive sign creates a surplus in the final Balance of payments (BP). .
Eg, if we substitute BP = A + B + C
If A = current account, and is negative, then it upsets the total of all 3 accounts to a negative sign, called deficit.
Closing a bank account: Can the bank send a check of my outstanding balance to my current address abroad?
I am writing to my bank requesting that my accounts be closed. As I am now living abroad and no longer returning to my previous address in the UK, is it possible to request that they send a check of my outstanding balances to my current address overseas? Are there any regulations preventing them from doing so? If it cannot be completed, how should I deal with my account balance? I can no longer access my online banking either.|||No, there are no regulations under the Banking Act that prohibits this transaction, simply write to your bank and present a positive identity and there should not be any problem.|||There are no regulations preventing this, but they may be very wary. They may prefer to send an electronic transfer to an account in your name abroad. This is to prevent fraud.
Each bank will have its own peculiarities, so best call or write to find out more.
You may need to be creative;- For example withdrawing the balance before seeking closure. Or transferring the money to friend who then forwards to you, etc.
Each bank will have its own peculiarities, so best call or write to find out more.
You may need to be creative;- For example withdrawing the balance before seeking closure. Or transferring the money to friend who then forwards to you, etc.
How long does it normally take for current balance to be available?
derrick
If there was no 'hold' placed on a deposit, next day availability.
Soccerref|||it depends on your bank, the type of check and where it's from.
At my bank, the first 5,000 of a check deposit is available right away. So are all payroll checks.
Check with our bank to see their policy.|||A check needs 3 to 5 days to clear if it's local.
Up to 10 days if it's from out of state.
If you deposited cash - it will be avialble the next working day...
If there was no 'hold' placed on a deposit, next day availability.
Soccerref|||it depends on your bank, the type of check and where it's from.
At my bank, the first 5,000 of a check deposit is available right away. So are all payroll checks.
Check with our bank to see their policy.|||A check needs 3 to 5 days to clear if it's local.
Up to 10 days if it's from out of state.
If you deposited cash - it will be avialble the next working day...
Thursday, December 8, 2011
What does Current balance and avaliable balance mean when i look on screen At the ATM?
i looked at my on sceen balance at the ATM today and it said curret balance 拢395 and avaliable balance 拢200...but i need the full 395 as i was expected it to be paid in....it wouldnt let me draw it all out? what does that mean?? help anyone??|||It means that they will only allow you to draw out the 200. For some reason, they are waiting for the remaining 195 to be cleared. This is common when you deposit a cheque from someone else as the bank wants to make sure the deposit is good. Go into the branch and ask if they will grant a waiver and allow you to get more of a withdrawal. Do not just take it out of the ATM without permission. You could overdraft your account and get hit with lots of fees.|||When you deposit a check drawn on another bank most banks will make the first $100.00 available that same day, and the rest by the next business day.
Also the account balance can also be what is in the account %26amp; the available balance can reflect outstanding debit card purchases or checks coming in|||Hi
I always thought that but then i relised with the account i have i can only withdraw up to 拢200 per day. it would be the same if you had 拢2000 you have a limit per day on your account.
you can pay any amount by card though|||You balance for your use is just 200. The current balance means that something appears to have cleared but not posted yet so you only have 200.
Also the account balance can also be what is in the account %26amp; the available balance can reflect outstanding debit card purchases or checks coming in|||Hi
I always thought that but then i relised with the account i have i can only withdraw up to 拢200 per day. it would be the same if you had 拢2000 you have a limit per day on your account.
you can pay any amount by card though|||You balance for your use is just 200. The current balance means that something appears to have cleared but not posted yet so you only have 200.
Why is the pay-off quote on my car more than my current balance?
The account balance is probably the principle left as of the last due date. Since you are into the next month, you have accrued some additional interest (interest is charged on a daily balance). So adding in the additional accrued interest plus the balance gives you the pay off.|||Because unpaid interest is due since the last payment.|||unpaid interest. But, if you pay off early, you only pay principal on the time owed, no interest you usually save about a grand per 5-10k|||You're borrowing money and you'll have to pay for it.
Don't borrow money.|||Since your last payment, you have accrued additional interest. That money would need to be paid as well to fully pay off your account.|||interest accrued since end of the last billing cycle, and/or early payoff penalty.
Don't borrow money.|||Since your last payment, you have accrued additional interest. That money would need to be paid as well to fully pay off your account.|||interest accrued since end of the last billing cycle, and/or early payoff penalty.
What exactly is Current Account Balance?
There is a ranking for current account balance and I kinda looked it up and it's hard for me to understand. The ranking is here:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html
and is it lower the number the better or higher the number the better? Why is USA so down there and countries like Japan, China, Germany are so high?|||The current account is calculated by adding these three things:
Net Exports (Exports - Imports)
Net Factor Income (Interest %26amp; dividends)
Net Transfers (Foreign Aid)
The biggest component of the current account is the net exports part. Basically this is why you see USA having such a low current account and Japan, China and Germany (huge exporting countries) have a high current account balance.
Having a high or low number is not always good or bad, depending on the circumstance. The balance should not stay super negative for a long time though. However, a negative current account can signal good things. If a country has a high savings rate, and is importing a lot of capital goods from around the world, it usually signals high future growth. For instance, in the states in the 1800s, there was a high savings rate, and a hugely negative capital account. The negative capital account was used to finance the importation of goods used to create the railroads that really linked the country together, and fed a lot of future growth.
So if you want to find out what if the current account balance is a good thing or a bad thing, look at the private savings rate for the country. If it is a high proportion of income, then you're looking at a pretty good thing. Otherwise, the negative current account balance is being used to finance consumption, and that is a bad thing.
You can also look into the financial account, it's the opposite of the current account and probably something interesting for you to analyze.
Finally, the CIA is a notoriously inaccurate source. They've probably got the answer in the ballpark, but any country's central bank will have more accurate information. The IMF is also a great source for balance of payment information.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html
and is it lower the number the better or higher the number the better? Why is USA so down there and countries like Japan, China, Germany are so high?|||The current account is calculated by adding these three things:
Net Exports (Exports - Imports)
Net Factor Income (Interest %26amp; dividends)
Net Transfers (Foreign Aid)
The biggest component of the current account is the net exports part. Basically this is why you see USA having such a low current account and Japan, China and Germany (huge exporting countries) have a high current account balance.
Having a high or low number is not always good or bad, depending on the circumstance. The balance should not stay super negative for a long time though. However, a negative current account can signal good things. If a country has a high savings rate, and is importing a lot of capital goods from around the world, it usually signals high future growth. For instance, in the states in the 1800s, there was a high savings rate, and a hugely negative capital account. The negative capital account was used to finance the importation of goods used to create the railroads that really linked the country together, and fed a lot of future growth.
So if you want to find out what if the current account balance is a good thing or a bad thing, look at the private savings rate for the country. If it is a high proportion of income, then you're looking at a pretty good thing. Otherwise, the negative current account balance is being used to finance consumption, and that is a bad thing.
You can also look into the financial account, it's the opposite of the current account and probably something interesting for you to analyze.
Finally, the CIA is a notoriously inaccurate source. They've probably got the answer in the ballpark, but any country's central bank will have more accurate information. The IMF is also a great source for balance of payment information.
Do i pay the current balance or the statement balance off on my credit card?
If paying online, most credit card companies won't allow you to pay the current balance, only the statement balance. That way they can screw you out of more interest.
If you send a check, you can submit the full current balance.
Just be aware that even if you pay 100% of current balance off, you may have yet one more payment as the accrual for interest happens after the payment date.|||ask for a final payment that way they cant charge you any more|||pay more than you owe.not by much though ,just to cover next months bill for intrest.then dont ever use your card again.|||Gem is wrong. Most companies do offer a "pay current balance" option when paying online. Wheather you pay by check or online, and you pay the current balance, you may still have finance charges left the next month. It will take a day or two for either to be processed, hince the additional fee. However, you can call them and ask for a pay-off amount and they will add all the accumulated finance charges for you, and then do a payment over the phone, and you should be good!
If you send a check, you can submit the full current balance.
Just be aware that even if you pay 100% of current balance off, you may have yet one more payment as the accrual for interest happens after the payment date.|||ask for a final payment that way they cant charge you any more|||pay more than you owe.not by much though ,just to cover next months bill for intrest.then dont ever use your card again.|||Gem is wrong. Most companies do offer a "pay current balance" option when paying online. Wheather you pay by check or online, and you pay the current balance, you may still have finance charges left the next month. It will take a day or two for either to be processed, hince the additional fee. However, you can call them and ask for a pay-off amount and they will add all the accumulated finance charges for you, and then do a payment over the phone, and you should be good!
How to calculate the current account balance (given the following)?
Given the data (over the years) on following :
1) Private Savings
2) Private Investment
3) Excess of Government expenditure over revenue (D-T)
How to calculate current account balance?
or current account balance as a percentage of GDP?|||The economy鈥檚 financial flows are a closed system, which means that one sector鈥檚 deficit is another鈥檚 surplus, and vice versa. There is no way around it, just as it is impossible for every country in the world to have a trade surplus; at least one country must have a trade deficit for the others to have surpluses. Which means that the following condition must hold in an equilibrium in an open economy:
PSB - GD = CAB
Where: PSB is the private sector financial balance, defined as the difference between savings and investments of private households; GD is the government deficit (expenditure minus revenue); and CAB is the current account balance which takes the international capital flow into consideration.
1) Private Savings
2) Private Investment
3) Excess of Government expenditure over revenue (D-T)
How to calculate current account balance?
or current account balance as a percentage of GDP?|||The economy鈥檚 financial flows are a closed system, which means that one sector鈥檚 deficit is another鈥檚 surplus, and vice versa. There is no way around it, just as it is impossible for every country in the world to have a trade surplus; at least one country must have a trade deficit for the others to have surpluses. Which means that the following condition must hold in an equilibrium in an open economy:
PSB - GD = CAB
Where: PSB is the private sector financial balance, defined as the difference between savings and investments of private households; GD is the government deficit (expenditure minus revenue); and CAB is the current account balance which takes the international capital flow into consideration.
Subscribe to:
Posts (Atom)