Explaining Form 1041, the United States Income Tax Return for Estates and Trusts. The trustee or representative of an estate, trust, or bankruptcy estate must submit Form 1041 with the Internal Revenue Service (IRS) to report the estate’s or trust’s revenue. Form 1041 – U.S. Income Tax Return for Estates and TrustsContentsForm 1041 – U.S. … Read more
In other words, what is the Quick Ratio? As a measure of a company’s capacity to satisfy its short-term commitments using its most liquid assets, the quick ratio is a useful indication of its liquidity situation. Quick Ratio FormulaContentsQuick Ratio FormulaNOTABLE CONCLUSIONSThe Quick Ratio – Everything You Need to KnowElements That Make Up the Fast … Read more
What is Racketeering? Generally speaking, any illegal activity including a “racket,” or organized criminal group, is considered racketeering. What is Racketeering – Meaning and TypesContentsWhat is Racketeering – Meaning and TypesMAIN POINTSUnderstanding RacketeeringRacketeering Comes in Numerous Shapes and SizesNotes on the Clause A racket is a criminal enterprise set up for the sole purpose of … Read more
Is Finance a Good Career Path? All right, now you can utter the immortal words from the blockbuster movie Jerry Maguire. While Cuba Gooding Jr.’s character in the film is a football player and not an ambitious investment banker, the remark rings true (oh-so-loud and clear!) for anybody pursuing a career in finance, particularly high … Read more
What Is an Inverted Yield Curve? Long-term interest rates are lower than short-term interest rates, as shown by an inverted yield curve. The yield falls down sharply as the maturity date gets farther away under an inverted yield curve. Inverted Yield Curve – DefinitionContentsInverted Yield Curve – DefinitionKEY TAKEAWAYSUnderstanding Inverted Yield CurvesChoose Your SpreadPrevious Instances … Read more