The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
Inflations is eating away much of your monthly salary check. All the bills, like grocery, garments, launderer`s, conveyance and every other thing are north bound. Every other day they are going high. For you and me, the earning remains same, for many like us there is no scope to increase it . The pensioners, the elderly people who runs on meager pension and interest on their fixed deposit with banks are suffering the most. No immediate sigh is visible for restoration of price stability. Though the economists are forecasting that in the next year, provided the monsoon is good, the inflation is likely to be controlled. Let us hope so. By this time let us see how with multiple credit cards you can meet the cash crunch. Off course, for that there should not be any interest burden.
Most of the credit cards companies offer the balance transfer facilities from other credit cards these days. Having multiple credit cards and using them wisely may help you to meet sudden expenditure and enjoy interest free credit for few months. You know, for the credit cards there is statement date. That is fixed. Look for the statement date for all your credit cards and note them. Suppose the stamen date of a credit card is 20th of every month, then make sure to buy things on 21st. Because, it will be billed on next 20th and that will be payable on 11th of next to next month. That means buying something on 21st January, is payable on 11th March of the same year, this way you get the interest free credit for 51 days for the first card. Instead of clearing the bill on the due date, with another card, you can transfer the due amount to your 2nd card, thus saving the interest on the first card. For doing so, you may need to pay 5% or minimum amount due of the dues, and that is with no interest, to the 2nd card. Then again you can enjoy the interest free credit for 51 days. But this can not be endless, only thing with number of card you prolong your repayment program by few months.
Mind you , it is always better to the credit card due in one go, because paying them installments will entail you to pay anything between 36-46% p.a interest. You must take care oF your credits, that you should not fall in a debt trap. In case you find the problem for repayment in one go, then convert your credit card dues into bank loans. They charge interest @15% p.a, that is far more bearable.
Most of the credit cards companies offer the balance transfer facilities from other credit cards these days. Having multiple credit cards and using them wisely may help you to meet sudden expenditure and enjoy interest free credit for few months. You know, for the credit cards there is statement date. That is fixed. Look for the statement date for all your credit cards and note them. Suppose the stamen date of a credit card is 20th of every month, then make sure to buy things on 21st. Because, it will be billed on next 20th and that will be payable on 11th of next to next month. That means buying something on 21st January, is payable on 11th March of the same year, this way you get the interest free credit for 51 days for the first card. Instead of clearing the bill on the due date, with another card, you can transfer the due amount to your 2nd card, thus saving the interest on the first card. For doing so, you may need to pay 5% or minimum amount due of the dues, and that is with no interest, to the 2nd card. Then again you can enjoy the interest free credit for 51 days. But this can not be endless, only thing with number of card you prolong your repayment program by few months.
Mind you , it is always better to the credit card due in one go, because paying them installments will entail you to pay anything between 36-46% p.a interest. You must take care oF your credits, that you should not fall in a debt trap. In case you find the problem for repayment in one go, then convert your credit card dues into bank loans. They charge interest @15% p.a, that is far more bearable.
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