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Joined 1 year ago
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Cake day: June 21st, 2023

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  • #2 and 3 don’t actually happen since it can’t be recorded on the P&L.

    The donation would get recorded to cash and offset to a liability account, probably something named Charitable Donations Payable likely with a subaccount for the specific programs.

    Overall, the effect is essentially the same, though. Fwiw, I like to use the same comparison as you did to show to people how dumb this belief is.

    The individual who donated at the register also is allowed to claim the donation when they file their taxes.



  • droans@lemmy.worldtomemes@lemmy.worldIt was so bright and helpful
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    2 months ago

    I knew Google started ignoring double quotes for required text years ago, but I found out yesterday that it doesn’t even think “site:xyz.com” needs to be followed.

    I was researching something and saw some Reddit posts. Clicked below it to view results from Reddit and a third of them were other websites.









  • droans@lemmy.worldtoMemes@sopuli.xyzI'm working on it, ok?
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    3 months ago

    You will never make more interest on an investment than you will get charged interest for the same amount as a loan. Ever. It does not happen.

    This is barely more accurate than a coin flip. Until 2021, it wasn’t that difficult to find loans with rates under 5%. Anything under 4% is basically free money and you’re normally better off investing in something low risk than to pay extra.

    So for me to sit on money that could go towards paying down debts, I’m just needlessly paying more in interest than I would be otherwise.

    If you don’t have any emergency funds, or not enough to cover a single large emergency, this is dumb. Cars break, roofs leak, etc. Even if you have an emergency where you can pay on credit, you’ll likely be looking at credit card interest rates. Or, you lose your job. Fun fact, most job loses occur when the economy is struggling. Another fun fact, most investments are doing really fucking poorly when the economy is struggling.

    Keep some money on hand in case something happens.