Acid Test Ratio.

Acid Test Ratio. A more stringent test of corporation’s liquidity than the current ratio. It is calculated by adding cash. cash equivalents, and accounts and notes receivable and dividing that sum to the total current liabilities. It is also known as the Quick Asset Ratio. Note; these elements are found Read more…


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Accumulation Account.

Accumulation Account: An account used by the sponsor of a Unit Investment Trust to acquire securities for the eventual placement within the trust. Unit Investment Trust: A type of investment company in which a portfolio is purchased and held with little or no change to the investments. Commonly used with Read more…


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Accrued Interest.

Accrued Interest: The interest due on a bond since the last interest payment was made. The buyer of the bond pays the market price plus the accrued interest. Bond: An IOU or promissory note of a corporation, municipality, or the US government, usually issued in multiples of $1,000 or $5,000, Read more…


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Accredited Investor:

Capricorn Science has been sluggish in bringing you financial information. There is so much happening that it sometime’s overwhelms. Do note that our Financial Section has a real time ticker tape where you can check the market. In order to right this wrong we will start out by offering, hopefully Read more…


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The Federal Budget Breakdown:

The Budget Components and Impact on the US Economy: Under President Trump’s proposal, the federal budget would be a record $4.829 Trillion. The US government estimates it will receive $3.863 million in revenues. That creates a $966 Billion deficit for October 1, 2020 through September 30, 2021. (www,thebalance.com) Government spending Read more…


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