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Q: Why should interest earned not be a factor with your emergency fund?
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The earned interest on deposit is a credit or debit entry and against what should be done?

credit


How can I qualify for an emergency cash loan and what should I look for?

You need to be able to show that it is truly an emergency that you have. You should also make sure that you have good credit references and make sure you understand the interest rates.


What should be the accounting treatment of interest in suspense in balance sheet?

Interest in suspense represents the interest earned on a non performing asset. In terms of the accounting standards the interest earned on a non performing asset is not recognized as income- it is suspended and shown as off balance sheet . However, on the face of the balance- sheet it is included as a receivable.


Should one be investing funds?

One should be investing funds if they have some surplus to invest. An investment of funds can be very rewarding and gratifying once the interest is earned.


What is the easiest way to get an emergency cash loan?

The easiest way to get an emergency cash loan is to go to a payday loan lender, including Check into Cash. This should not be used though because there are extremely high interest rates.


What is the current yearly interest rate for a monthly for the rate of 0.6?

If the monthly interest rate is 0.6%, you can multiply that by 12 to get an approximation of the yearly rate. For an exact calculation (involving compound interest), you basically convert the interest rate (0.6% a month) to a factor - that is, your total money increases by a factor of 1.006 (i.e., 1 + 6%) a month. You can raise this to the power 12 to convert it to yearly, then subtract one to convert it back to an interest rate. For small interest rates, as in this case, the result should be fairly close to the above quick estimate.


Do you declare a certificate of deposit as income on taxes or just the interest earned?

Just the interest earned. The bank should send you a Form 1099-INT every year to show how much you have to declare. If you don't receive one by the middle of February, contact the bank and ask. Also be sure to give them your new address if you move, even if you closed the account.


Should interst earned on a checking account be added to the checking account balance?

There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.


Make sure your emergency plans include?

emergency plans should not be:


What emergency equipment should you have in your car?

You should have a spare tire, a working emergency brake, and a first aid kit.


What do you need to major in if you want to be an emergency physician and where can you find information about this job and what colleges you should attend?

To become an emergency room physician you must first go to medical school to become a medical doctor, after this you may specialize in your area of interest (ie Emergency medicine) Depending on the hospital you may still practice emergenct medicine as another specialty


How often should health care facilies conduct emergency preparedness drills?

Healthcare facilities should conduct emergency drills often. This is because there can be an emergency any time.