Account Advance Cash Savings

Beginning this year, federal payment recipients will receive their government benefits through electronic funds transfer (EFT)-- what most of us call direct deposit. Although cost-cutting is the driving force behind the move to a virtually all-electronic federal payment system, Michael Stegman believes the initiative has a far broader potential: to bring poor Americans into the banking mainstream.In this book Stegman outlines how many families will enter the mainstream banking system through EFT '99, as the program is called. He explains in careful detail the thinking behind the shift to EFT and the implementation of the program this year. He also argues that, for maximum success, EFT '99 should be combined with a program of national Individual Development Accounts (IDAs), dedicated savings accounts for low-income people that can be used for purchasing a first home, acquiring more education or job training, or starting a small-business. Essentially, EFT '99 will bring people into the banking system, and IDAs will give them an incentive to use the system to its fullest in order to make their money work for them and their children.There are other steps that the government can take to boost EFT's ability to help public aid recipients achieve self-sufficiency. It can: add a direct deposit option to state benefits payments programs; give banks significant additional Community Reinvestment Act Credit for establishing accounts for EFT recipients; and regulate fees for cashing government benefits and voluntary accounts so that people are not charged excessively for accessing their money. This book demonstrates that -- with careful planning and a relatively small investment -- the government'sEFT initiative can have a major payoff in real assets and improved prospects for those who have been, for far too long, on the fringes of the country's mainstream banking system.

Business and finance answers in a flash! Quick business and finance answers at your fingertips--that's what this unique book gives you! It has 201 major formulas with quick, clear explanations that you can grasp and put to use in seconds. Perfect for college and graduate students in business, finance, marketing, operations, management, and accounting, this comprehensive, portable quick reference lets you speedily review formulas in your current courses, and get ahead of the curve in coursework to come. It's such a handy source for fast, complete, and reliable problem-solving that many business people keep it on their desktops! Schaum's Quick Guide to Business Formulas gets you right to the formula you need, explains it simply, and demonstrates it step by step. You get instant answers on: vertical analysis; security valuation; cost-volume-profit relationships; sales mix analysis; regression statistics; profit margin; sampling formulas; beta and alpha; cost of capital; earnings per share; residual income; equity ratios; inventory turnover; chi-square test; linear programming; trend analysis; discount cash flow analysis; and many, many more. Time-saving features include: alphabetical format lets you find answers fast; clear, concise explanations summarize what you need to know; examples show you how to apply each formula; who uses it and when tells when to use each tool; a thorough index takes you right to needed data. If you don't have a lot of time but want to excel in class, this book helps you: brush up before tests; locate formulas fast; research quickly and more effectively; get the right answers without spending hours poring over lengthy texts. ABOUT THE AUTHORS: Joel G. Siegel,Ph.D., CPA, is professor of finance and accounting at Queens College, New York City. Jae K. Shim, Ph.D., is professor of finance and accounting at California State University, Long Beach. Stephen W. Hartman, Ph.D., is professor of management at New York Institute of Technology. Drs.