An accounting metric often used to deduct the amortization of intangible assets to arrive at a value. Companies will use EBITAE not only as a measure of performance, but also to determine interest coverage capabilities. The eliminated items are often seen as factors that distort earnings that are derived from the underlying business operations of a firm. Calculated as:Where expenses* represents expenses that exclude interest, taxes, amortization of intangible assets and exceptional items. |||When evaluating EBITAE, investors will look at the figure as a percentage of revenue and they will also measure EBITAE margin. Both the percentage and margin will be compared to previous years' figures to evaluate performance. This ratio is very similar to the EBITDA, a very popular performance measure often used by investors.
A tax credit for low-income workers. Even workers whose incomes are too small to have paid taxes can get EIC. |||This credit varies with family size, income and the number of children.
A household in which there are two incomes and no children (either both partners are working or one has two incomes). DINKS are often the target of marketing efforts for luxury items such as expensive cars and vacations. |||Couples living in a DINK household are thought to have more disposable income because they don't have the added expenses that come with children. Contrast this with "DEWKS".
A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (adjusted for taxes on a cash basis). (Also referred to as "economic profit".)The formula for calculating EVA is as follows: = Net Operating Profit After Taxes (NOPAT) - (Capital * Cost of Capital) |||This measure was devised by Stern Stewart & Co. Economic value added attempts to capture the true economic profit of a company.
An organization formed in 1984 by the Financial Accounting Standards Board (FASB) to provide assistance with timely financial reporting. The EITF holds public meetings in order to identify and resolve accounting issues occurring in the financial world. |||This group consists mainly of accountants from large public firms, but it also includes the chief accountant of the SEC on its board. The main purpose of the task force is to identify emerging issues and resolve them with a uniform set of practices before divergent methods arise and become widespread.
A retail banking service that allows users to transfer funds between personal accounts using email and their online banking service. Email money transfers are considered secure because only the notification of transfer is done through email. The actual funds are settled through the existing funds transfer networks that banks have used for years. |||The email money transfer is most commonly used by clients of the "big five" banks in Canada: the Royal Bank of Canada, TD Canada Trust, the Canadian Imperial Bank of Commerce, the Bank of Montreal and the Bank of Nova Scotia. Because email is used, however, this service is susceptible to phishing scams. Care must be taken by both parties to ensure the safety of both the sender and receiver. It is a good practice to not accept transfers from unknown parties, and to contact the sender directly when notified of a transfer that is not expected.
An electronic automated clearing house (ACH) that serves as the sole ACH for the private sector in the United States. The Electronic Payments Network handles numerous types of credit transfers, such as payroll payments, dividends, etc., as well as debit transfers, such as loan payments and insurance premiums. |||In the modern financial marketplace, the EPN's use of electronic transfers of money has increased the efficiency and timeliness of business transactions. If you are paid by direct deposit by your employer, chances are the EPN is involved in the transaction.
A service offered by the U.S. Department of the Treasury that allows taxpayers to make tax payments either online or via telephone. The Electronic Federal Tax Payment System is available 24 hours a day, 7 days a week, and can be used by individuals paying personal income taxes or by corporations. This service saves taxpayers the time and inconvenience of making payments by mail or in person. |||Taxpayers can use this service by calling 1 (800) 555-4477 or logging on to www.eftps.gov. Taxpayers can access their personal or business accounts via electronic password. However, unavailability of the system does not excuse taxpayers for making late payments.