Double Declining Balance Method: Also known as the reducing balance method, a double declining balance is an accounting term. It refers to how you account for the expense of an asset. It is primarily used when you want to use an accelerated depreciation method. A very basic explanation of a double declining balance is that […]
When you’re buying a new car on loan, one of the most important considerations you need to be thinking about comes in the form of your loan’s interest rates. While you may be getting a great deal with the car, if you’re paying a stupid and ridiculous amount of interest, it’s going to be a […]
A compound annual growth rate is an important stat that helps identify the growth of your business. Without it, there is a huge blind spot to success that is near impossible to overcome. All companies have a unique way of using this stat, so what is CAGR to your company? Learning the answer will open […]
Refinancing is your best option to combat out of control credit card debt. It takes a certain amount of discipline to settle the debts and may involve a couple of missteps along the way. Knowing your limits is useless information without a plan in place. Use the five tips below to right the ship with […]