Month: March 2020

Avoiding a Liquidity Crisis from Becoming a Solvency Problem

March 26, 2020

Any size and type of business can have a liquidity crisis. Liquidity can be defined as the ability of a business to pay their current financial obligations, which requires converting assets, such as, accounts receivable, inventory or services provided into cash as quickly as possible.  Cash is the most liquid of all assets and is…
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Map of Median Household Income by State for 2018

March 9, 2020

The U.S. Census Bureau provides annual estimates of income.  Household income includes income of the householder and all other people 15 years and older in the household, whether or not they are related to the householder. Median is the point that divides the household income distributions into two halves: one-half with income above the median…
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