Business & Finance - 5 February 2007

I just need to understand the difference between these two GAAP principles in accounting.

Whats the difference between te revenue recognition convention and the matching principle?

Thanks!

2007-02-05 15:08:54 · 1 answers · asked by mapleleaffan 1 in Other - Business & Finance

Here is my story.
I am a 27 year old married mom of 2. Hubby is bipolar and can't work. I have a few medical ailments that prevent me from working much outside of the home.
We have about $15,000 of debt. Counsumer credit card, past utilities, medical expenses, etc.

We WANT to pay them off. Our problem is we don't know if we should work with a debt consildation program or simple file for bankruptcy. Our income fluxuates from $800 a month to $1500. We live in Ohio. Our rent is $605.00. We have no car payments. We own a 1982,1992,1993) We never go out to eat, go to movies, I am wearing the same clothes from when I was 18. Trust me, there is no way to cut back on anything.
I am just not sure if we can even afford to come up with a debt consilidation plan given our situation and income limits. Would it be better both emotionally and financially to just wipe the slate clean? Thoughts/Tips/Appreciated...stinky butts need not answer! THANKS!

2007-02-05 15:07:20 · 12 answers · asked by Anonymous in Personal Finance

I'm not talking like elementary school, more like a college professor or a teacher at a community college.

2007-02-05 15:05:06 · 5 answers · asked by alli 2 in Careers & Employment

2007-02-05 15:03:26 · 2 answers · asked by Jen 3 in Credit

If one is awarded money as a result of a legal settlement, do I need to pay federal (and/or state taxes) on the money earned from such a settlement? The settlement was a result of a grievance filed for employment discrimination and wrongful termination.

2007-02-05 15:02:14 · 6 answers · asked by The "L" Word 7 in United States

2007-02-05 15:01:28 · 8 answers · asked by Lilly 2 in Australia

I am a motel manager, and my living on the property is mandatory to do the job; I pay rent to my employer every month, and I am wondering if I can deduct this somehow when doing my taxes? ANY info would be greatly appreciated

2007-02-05 15:01:03 · 5 answers · asked by cvjade 3 in United States

2007-02-05 15:00:48 · 4 answers · asked by Anonymous in Investing

How can i get a Certified nursing assistant certification from texas transfered to one of colorado?

2007-02-05 15:00:36 · 4 answers · asked by worried_friend 1 in Careers & Employment

I own a Two family Home in Queens, NYC and I rented the apartment to a family member and they have no lease. I'm having problems with them and they called the department of building on me claiming I have an illegal basement, which I don't. How can I get them out of my house without any problems and not evicting them. I know that they want me to evict them so that they won't have to pay rent if ordered by a judge if it goes that far.Please advise.

2007-02-05 14:59:28 · 8 answers · asked by JRC 1 in Renting & Real Estate

2007-02-05 14:59:16 · 6 answers · asked by Anonymous in Other - Advertising & Marketing

2007-02-05 14:59:08 · 4 answers · asked by Chesterman 2 in Careers & Employment

I am a first time home buyer and would like to shop around for the best deals/rates. I'd like to get pre-approved for a loan. I'd also like to shop around for the best terms, interest rates, etc. I'd also like to make sure I am pre-approved for the right amount (for the house that I want and can afford). Is it a good idea to apply for pre-approval to more than one lender so I can pick the best offer? I know it might be negative for a lender to see my credit report be pulled from different lenders. Would they see that as someone looking for the best loan or as someone looking to over extend their credit? Would they be able to tell the credit checks were pulled for a mortgage application? I'll probably have more questions, but I guess I should wait for the answer to this one before jumping the gun. Thanks in advance.

2007-02-05 14:57:04 · 12 answers · asked by bruce65237 2 in Renting & Real Estate

I live in Los Angeles, Ca., I moved into an my apt 3 months ago, my rent is paid every month 10 days before it is due, I am on a month-to-month lease, remember it's only been 3 months now, I came home to find a 30 day notice to move on my door, but this is the issue, I was only there for 3 weeks before having to leave for Nevada for business, so the last week of the first month I was gone, I was gone for 2 moths and and seven days to be exact, my rent for Feb' was paid on January 24, what could be the reason for him wanting me out so soon, and is this legal? Can he just displace me without cause? Here's the thing I don't have children wasn't there long enough to have even 1 visitor, I am a nurse so I sometimes work 16 or more a day on-call, What could I have possibly done? and how can I stop this eviction?

2007-02-05 14:56:28 · 9 answers · asked by Seraphin 1 in Renting & Real Estate

Hi,
I have resigned my job today. In the my offer letter the following sentense is written:

"In addition to your monthly salary, you will receive a one-time hiring bonus in the amount of $5,000.00, less all applicable taxes, which is repayable in full should you voluntarily leave the company within one year of your hire date".

I joined the company on Mar 6th 2006. So my one year will be completed on Mar 5th 2007. But i given 2 weeks notice today which lead to 16th Feb as my last date.

Now my HR says that i have to repay my bonus, no exceptions !!

Now how much i have to repay. Is it $5000 or $2800 i got after tax ? What does full mean here ?

Giving back $5000 is weird. I can give back what ever i got in my hand.

If at all i give $5000 will i get $2200 from IRS back?

Please help.
Thanks

2007-02-05 14:53:34 · 2 answers · asked by NeedInfo 1 in United States

2007-02-05 14:50:05 · 1 answers · asked by pfpmc 1 in Renting & Real Estate

A couple of friends and myself are looking apartments and we need to know what our bills may look like in about 5-6 months. We have an idea of our water ($10-$20/month) but we don't really know what electric will look like.

What I would like to know is?

1) How much do you pay monthly,
2) Who is your energy provider
3)Does your energy provider require a contract/will allow for new people?
4)What do you live in, what you normally run (a computer, tv, keep your lights on all hours of the day, etc.)
5) anything else that may be useful!

Thanks!

2007-02-05 14:44:53 · 4 answers · asked by Blanca 3 in Renting & Real Estate

Suppose a person staying in India till 5th August 2006, leaves India on th 6th of August 2006 and is out of India untill 31st March 2007 (FIRST TIME ABROAD), will he be considered as Non- resident Indian for the income tax calculation purpose? The income that the individual has accured outside India, will it be taxable or non -taxable? The income in the form of Salary will be accured by the individual, is from the project fund that has been funded by international organisation for humanitarian purpose?

2007-02-05 14:43:33 · 3 answers · asked by Digvijay 1 in India

I am self-employed and pay for my medical insurance. For 2005 I was able to reach the 7.5% needed to deduct medical expenses. For 2006, I had crappy insurance where I had to pay everything upfront and they would reimburse me 80% (drugs, procedures, visits, etc . . . ) I would count the 20% that I still had to pay towards my medical deduction but never the 80% I got paid back. I have since switched to an HMO (which is kinda crappy in itself) but at least I don't have to pre-pay.

My dilemma is I have two large medical expenses that I prepaid but have not been reimbursed the 80% by my ex-insurance. I am in dispute over them trying to get them reimbursed with no such luck. Should I just deduct the full amounts because I paid the bills in 06 and their future reimbursement is uncertain? Will it matter if I eventually do get reimbursed in 2007?

2007-02-05 14:40:06 · 3 answers · asked by Emma S 2 in United States

2007-02-05 14:39:18 · 12 answers · asked by ? 2 in Careers & Employment

I need to know if there is an amendment to this years tax form so I can claim the interest and tax's I paid in 2005. I only made 5 payments that year and could'nt itemize.

2007-02-05 14:38:43 · 4 answers · asked by dhaas517@sbcglobal.net 1 in United States

At age 50 I lack the zip I once had. Living morally, and simply has it advantages. Prozac has knocked my libido out, but it manages my depression, and at 50 I rather like not being pulled by my libido--it used to be a pain. No AIDs worry.


I do have a prison and nursing home ministry to help keep me going some. I am also involved with a tiny nondenonimnational church, but there is no pay and a limited work.

I genuinely feel church work is worthwhile, but its not like when I dreamed of being a professional historian. That goal is gone I am underqualified. The field is flooded, I have too many gaps in my resume, and not enough publications. I am in a Bible study distance learning seminary, but it is going slow

Having chronic anxiety, depression, and panic attacks with little, almost no full time work experience, would disability be a possibility? Any thoughts appreciated.

2007-02-05 14:38:25 · 5 answers · asked by Rev. Dr. Glen 3 in Careers & Employment

2007-02-05 14:35:11 · 1 answers · asked by gigi 1 in Other - Taxes

Do yu think $27,000 is too much to pay for a 1995 model movile home with 3 bedrooms 2baths. I don't know much about movile homes and its the first time I'm trying to buy one, I don't want to make a big mistake so can yo help me please? what do you think!!

2007-02-05 14:33:52 · 7 answers · asked by J 33 1 in Renting & Real Estate

The reason I'm asking is because I heard of a place that you can go to, and from your information they can find out if the IRS actually owes you money, from old W-2 that you never filed for some reason or you just didn't know. I would like to know if anyone can help me because I just started filing taxes and I wasn't aware you can put the house too. So I'm trying to see if I can Recover that lost money.

2007-02-05 14:32:20 · 2 answers · asked by Rose 1 in United States

When you are a lawyer, are there jobs that don't require you to plea in court.

I don't want to be the debating type. I'm more of a paper work type.

2007-02-05 14:29:03 · 7 answers · asked by Anonymous in Careers & Employment

never been late with them, got card 3/06, it says online my checking account "reason to doubt collectibility", I have been a few days late on other credit cards, never 30 days late to ruin credit, other companys sent friendly reminder letters, or called ask when payment was coming. How can they take money only 3 days late? Without permission? OUT of my checking? I make most of my payments online, some through the mail. I had already made a partial payment in Jan. it wasn't due yet, so I only owed about 100.00, the orig. amt. due was 138.00, but yet they took the full 138.00, I saw somebody else asked a question about her sister being late collection calls all the time and she asked if they could take money from her. People said not without her permission, or sueing her, or garnishing wages, Called Bank of Amer. they said that's illeg. and they don't do that. The name of this bank is Universal SavingsBank, they sent letter months back saying Chase bought them, Chasesaysno.Whatdo I do?

2007-02-05 14:27:00 · 6 answers · asked by Anonymous in Credit

2007-02-05 14:26:54 · 3 answers · asked by TTI200 2 in Small Business

I pay an hourly rate and commission if certain levels are met.

2007-02-05 14:26:10 · 2 answers · asked by hubbard_007 2 in Small Business

Okay. Last year was not a good year for me! My husband left me and I lost my job. On top of that my auto finance company has been looking for the car (they have been calling my mother's house and everything!) They don't know where I am. The transmission is not working well on the car and they know it. But I am still able to use the car to search for work and take the kids to school. Well, I got my free credit report and saw that they have a charge off on that account! What does that mean??? Does it mean they are sewing me? Should I still pay the car off or give them the car back? Please help!

2007-02-05 14:25:07 · 6 answers · asked by Hoppskotch7 1 in Credit