Health savings account

Have you ever wondered how a credit card transaction works? What is the process flow after swiping the small credit card through that little black box? These questions bothered me for some time and finding the answers lead to a diligent job search. Consequently, the search ended when I found employment at Vantiv, a Merchant Credit Card processing company in Houston, Texas. The year was 1998; the company offered me a customer service position in their call center. Eagerly I accepted the job;…

as an account receivable which is the right to receive cash from the customer in the future. Usually, account receivables are collected rather in a short period of time. Next is notes receivables, they represent a written promise that the customer will pay a fixed amount of principle plus interest by the maturity date. The maturity date is the by which the note is due. The written document will serve as evidence of the debt. The notes receivable usually take more time than it does with account…

Based on my analysis of dell’s finances and competitors, we have declined in revenue by about 6% year-over-year to 14 billion in the company’s quarter ending in July of 2014. Securities and exchange commission by Dell holding Inc. that owns Dell is the way we found out about this new. Dell’s revenues was up however in the company’s fiscal year ending in January 2015, the revenue went up about 5%. That actually sets them apart from its huge competitors like IBM Corp. and Hewlett-Packard Co. We…

According to the principles of accounting course, accounts receivable occurs when a customer purchases goods or services and promises to pay for them in the future. This helps consumers receive goods when they may not have the funds to purchase them, creating an account receivable, or when they cannot afford the whole amount upfront and want to make payments they create a note receivable, which usually accrues interest. When it comes to the business side, granting credit helps increase sales,…

Financial ratios are the best way to understand and analyse the health of a company. ASOS with revenue of £1 billion in 2015 is one of the most popular online retail web sites, offering more than 80,000 branded and delivering for almost every country in the world (ASOS, 2015 pp2). In the other side, Burberry with 160 years and a revenue of £2.5 billion is one of the classic British luxury brands and keep its goals on continue the valorisation of its brand and keep as one of the strong luxury…

Five Cognate Strategies in Business Communication Clarity and clear understanding helps in making comprehension much more easier. When using clarity in a piece of writing one has to bear in mind that they need to have a simple language with easy sentence structures in their message. The receiver of the message finds it easy to decode the presented message or ideas if they are a lot more clarified. The sender of the message should make sure that, the receiver finds it easy to understand and grasp…

Midterm Assignment Facts Ms Jones was an English consultant, who worked for a multinational firm in Madrid, signed a notarial act with the Bank Z in May 20th, 2007 for the loan of 200, 000 EUR. She secured it by mortgage on her apartment. Ms Jones had to reimburse the whole payment with 300 monthly payments due November 31st, 2036. She would have to pay an interest of 7% instead of 4% if she failed to pay any of the installments. Ms Jones fulfilled all requirements of the agreement from 2007 to…

has been deprived of substantially the whole of the benefit of the contract is a question to be determined by appraising all the relevant circumstances and not a question of discretion rather fact-sensitive. Furthermore, the court has to take into account the relationship between the promised performance and the performance which in fact occurs. Lady Justice Arden in her judgement based on their relationship, attached considerable importance to the parties' knowledge of the likely effect of the…

Under GAAP, accounts receivable should be reported at their net realizable value. The net realizable value can be found by subtracting the allowance for bad debts from accounts receivable. Currently, GAC does not have an established allowance for bad debts. GAC currently uses the direct write off method and only accounts for the specific items they know they will not receive. However, with the change in customer base, this is especially important. The new customers are not as reliable as the…

(-$28,134), and Taxes paid (-$42,046). It is worth noting that the cash paid out to suppliers and employees is a negative number in the operating activity as it is an outbound cash movement. Operating activities include payroll expenditures and accounts payable. Therefore, the item line is appropriately placed within the SOCF. 2. Net cash used in investing activities (missing value = -4,272.00) The only line item listed under the investing activities of the Nice Suit Dry Cleaning Company is…