How to Calculate the Cash Conversion Cycle
Category Archives: Frank’s Corner
How to Calculate the Cash Conversion Cycle
🖨 Print⏱ 4 min readThe Cash Conversion Cycle, also known as the Net Operating Cycle, answers the question, “How many days does it take a company to pay for and generate cash from the sales of its inventory?” However, before … Continue reading
Secure 2.0 Retirement Bill
🖨 Print⏱ 4 min readAt the very end of March, the House of Representatives passed a version of the bill known as Secure 2.0. The bill passed the House with overwhelming bipartisan support in a 414-5 vote. The House version … Continue reading
Why Businesses Should Be Worried About Mobile Security and How to Keep Safe
🖨 Print⏱ 4 min readCybersecurity has become more important than ever, especially with the rise in cyberattacks. However, much focus is put on computers, laptops, servers, etc. Mobile phones and tablets seem to be overlooked when talking about cybersecurity. Today … Continue reading
New Required Minimum Distribution Rules for 2022
🖨 Print⏱ 3 min readStarting in 2020, new legislation increased the age to begin Required Minimum Distributions (RMDs) from 70½ to 72. More recently, the IRS updated the Uniform Life Table for alignment with longer life expectancies. Note that it … Continue reading
Restricting Trade Relations with Russia, Enhancing U.S. Export Pathways, and Bearing Down on Cybercrime and Human Trafficking
🖨 Print⏱ 4 min readSuspending Normal Trade Relations with Russia and Belarus Act (HR 7108) – This legislation suspends normal trade relations with Russia and Belarus. The president may restore normal trade relations pending Congressional approval, and this authority is … Continue reading
Combating Employee Hesitancy to Return to the Office
🖨 Print⏱ 4 min readAccording to the January 2022 Future Forum Pulse survey, there’s been a shift in what workers want post-pandemic. The report found that in Q4 of 2021, 78 percent of workers from six industrialized companies wanted location … Continue reading
How to Save When You’re Broke
🖨 Print⏱ 4 min readIf you think saving money is a waste of time, think again. It all comes down to having the right mindset and strategy – even if you don’t have a penny to spare. Here are some … Continue reading
The 50/30/20 Budgeting Rule Explained
🖨 Print⏱ 4 min readYou may or may not have heard of the 50/30/20 budgeting rule, but it’s a good one – one that will help make organizing your finances a lot simpler. The basic idea is to divide up … Continue reading
The Rise in Ransomware Attacks and How to Keep Safe
🖨 Print⏱ 4 min readCybersecurity experts estimate that there is a ransomware attack every 11 seconds. This makes it a challenge to individuals, businesses, and even governments. In ransomware attacks, cybercriminals encrypt a victim’s network or data, making it inaccessible … Continue reading
Banning Masks, Banning Russian Oil, Making Lynching a Federal Hate Crime and Saving Sunshine
🖨 Print⏱ 4 min readConsolidated Appropriations Act, 2022 (HR 2471) – This legislation will fund the federal government through September 2022, but also includes a plethora of other bills folded within for the purpose of quick passage by both the … Continue reading
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