Year To Date Profit And Loss Statement: Fill & Download for Free

This is basically a teaser rate to get your loan and other banking business so BofA becomes your sole or main bank.The 2.99% rate only applies for the first 2 years and is subject to a few conditions:you consolidate debt so BofA is your sole lenderafter two years, the interest rate on your loan adjusts to a “competitive” fixed rate.your loan is almost certainly collateralized and you need good collateral (i.e., you own cutting edge medical equipment or devices that BofA expects to depreciate in value slowly).there is a specific prepayment agreement.at least two years in business and personal tax returns, a year-to-date profit and loss statement, and a personal statement and debt scheduleBofA deems you to be creditworthy. Non-creditworthy credits don’t get 2.99% teaser rates.you provide at least two years in business and personal tax returns, a year-to-date profit and loss statement, and a personal statement and debt schedule.Many US medical practices are consistently profitable with good margins. Sometimes they need capital to expand or upgrade existing offices, buy new equipment, etc. So it makes sense for commercial banks to go after these businesses and lend to them. As David Friedman alluded to/notes in his answer, the cash flows and expenses tend to be pretty stable and predictable.the numbers look good to BofA.Commercial banks did the same thing with institutional clients.It’s a way to generate new clients - or have current clients do more business with you.Give a sweetheart deal.Then try to get other, more profitable business from new clients later.When I worked at investment banks, I saw something similar happen with institutional clients.After Glass-Steagall was repealed, commercial banks like JPMorgan could compete with investment banks like Goldman Sachs for investment banking and capital markets business.And vice versa in theory - but investment banks just didn’t have the balance sheet JP did.So if you’re Walmart and you needed a loan, JP would give you an incredible rate in size that Goldman couldn’t match.JP would then use their new goodwill with you to ask for a meeting to pitch their investment banking and capital markets business to you.That’s how commercial banks encroached on the investment banks’ investment banking business.Disclaimer: I own Bank of America stock.Thanks for the request to answer, Kayee.

In the accounting profession, the following short hand terms are commonly used.P&L - Profit and loss statementBS - Balance SheetSCF - Statement of Cash FlowGL - General LedgerAP - Accounts PayableAR - Accounts ReceivablePR - PayrollFA - Fixed AssetsPP&E - Property, plant and equipmentFF&E - Furniture, fixtures and equipmentJE - Journal EntryGAAP - Generally accepted accounting principlesDR - DebitCR - CreditEOM - End of monthBOM - Beginning of monthROI - Return on investmentCAPEX - Capital expendituresEPS - Earnings per shareEBITDA - Earnings before interest taxes depreciation and amortizationCOGS - Cost of good soldGM/GP - Gross margin/gross profitOPEX - Operating expensesD&A - Depreciation and AmortizationSBC - Share-based compensationPO - Purchase orderFOB - Free on BoardFASB - Financial Accounting Standards BoardAICPA - American Institute of Certified Public AccountantsAPB - Accounting Principles BoardPCAOB - Public Company Accounting Oversight BoardSOX - Sarbanes-Oxley Act of 2002FIFO - First in, first out (inventory)LIFO - Last in, first out (inventory)WIP - Work in progress (inventory)FICA - Federal Insurance Contribution Act (payroll)FUTA - Federal Unemployment Tax Act (payroll)SUI - State Unemployment Insurance (sometimes called SUTA),(payroll)CAGR - Compounded annual growth rateCOMP - Comparable stores salesNSF - Non sufficient funds (check)APIC - Additional paid in capitalIPO - Initial public offeringPOS - Point of saleSG&A - Selling, General and Administrative expensesSHRINK - Inventory shrinkage (loss)MTD/YTD - Month to date / Year to dateBig 4 - Four largest accounting firms (PWC [PriceWaterhouseCoopers], E&Y [Ernst & Young], Deloitte, and KPMG)I often write F/U on documents I review. I wonder if some of my subordinates misinterpreted it as 'fuck you', instead of 'follow up'...

Because, let us face it, intelligent movies like Inception are too simplistic for us.While Inception is relatively a much recent labor of love by Chris Nolan, that revolves around stealing a mere piece of information from someone’s brain, our leading ladies have long complained about the embezzlement of their sleep, peace, heart and even their own-self, in broad daylight - and not a single Indian eyebrow was ever raised.Most Indian Kids, by the age of 15, are PhDs in the application of the Theory of Relativity on their much unaware love interests - while many Indian parents regularly swear by the 3rd law of Motion.A regular Indian housewife is not just an expert in the Entropy of the boiling milk, but also knows how to apply Game Theory while sherlocking the reasons for a neighbour’s daughter coming late from work.We are a nation that stands in a line for an hour to catch a 30 minute bus ride. The only set of people, who apply a profit and loss statement to the birth of our children.We study engineering for 4 years dreaming of cracking MBA, all the way hoping that an MBA will help us get a job, to sell washing powder for a British conglomerate - further hoping that this job will finally get us married.The average speed of a vehicle in our major cities is 16 km/h. The average speed of our freight trains in 23 km/h. The average speed of an auto-rickshaw meter though is beyond comprehension.Thus, when we overcome all this and more, to step inside a cinema theater with an overpriced bag of pop-corn and soft drinks - we like to play it light boss.Scene: A Boy, who’s just landed a frikkin’ helicopter, just outside his home, wonders how his mother always come to know about his arrival.Indian Audience- what an emotional moment boss.Scene: Boy sees a girl and 500,000 kids from Harlem, sporting American flags and confetti suddenly leave whatever they were doing, to help our man in orange cargos, express his infatuation for someone half his age - who he anyways cannot date, since he’s got cancer - boo-yah!Indian Audience: Pretty Women - You should also sing - Pretty women.Scene: An Indian American, working in NASA, decides to leave his well paying job and return to his poor village, helping set up a hydel power generation unit - Inspiring Indians from darkness to light.Indian Audience: Ahh…when is he going to romance the heroine in Switzerland?What we go through as Indians, in our daily life is nothing less than Inception in itself. So, when it comes to our movies - we really like our top to fall down as often as possible.Thus, RIP all the future Inception, Mera Naam Joker, Swades, Pyaasa and Guide - Bring it on Happy New Year Yet Again.Wrote this answer in April 2017.Thank you for reading.Cheers and peace.