due.Never wait -- let them know that you keep close track of your accounts receivable. 5. Until a customer pays their bills‚ don’t do any more business with them. Do not bend on this rule – you’ll only cause yourself more problems and scuttle any chance of collecting what you’re owed. If you really want to keep doing business with a customer who owes you‚ insist that any new products or services they receive from you are COD -- cash on delivery. Checklist: What If You Can’t Collect on Payments
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1 – The business commenced with following assets and liabilities: Cash - $10000 Bank - $30000 Motor Van - $6000 Stationery - $8000 Furniture - $6000 September 1 – opening stock amounted to $283 September 2 – paid rent by cash $140 September 4 – bought motor van by cheque $550 from L.Woods September 6 – bought stationery paying by cheque $60 September 8 – sold eight textbook for cash $240 September 10 – the proprietor took cash for himself $74 September 12 – sold goods‚ thirty notebooks on credit
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Running head: CASH MANAGEMENT AND SHORT-TERM FINANCING Cash Management and Short-term Financing University of Phoenix Cash Management and Short-term Financing Structured cash management and efficient short-term financing are both beneficial and important for a company to remain competitive in the market; this will help increase potential profit and shareholder value with the rising stock. Cash management is a tool for the company can use to manage idle funds (cash balances) that
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HARVARD BUSINESS SCHOOL CASE STUDY DEPRECIATION AT DELTA AIR LINES ACCOUNTING ( SHAC 1033 ) 2014/2015 SEMESTER 1 GROUP MEMBERS : MOHD AMMARUL HAZIQ BIN SAIDIN A14HA0057 NURSAIDA SYAMIM BINTI FAUZI A14HA0136 NORHAMIZAH BINTI ABDUL HAMID A14HA0095 FATIN RAIHANAH BINTI MOHAMED RABEI A14HA0024 FOR: EN. KAMARUZZAMAN BIN ABDUL RAHIM FACULTY OF MANAGEMENT UNIVERSITI TECHNOLOGI
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bank account in one of the countries in which PayPal operates‚ even if he or she does not have a PayPal account. Opening a PayPal account is very straightforward. You just need to go to the PayPal website (see References below)‚ put in an email address and choose a password. Once you are allowed into the PayPal system‚ you will be required to enter your bank account information‚ which will then be verified. You can then fund your PayPal account by transferring money from your bank account once both
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Chapter 8. CASH MANAGEMENT AND THE TREASURY FUNCTION1 A. THE TREASURY FUNCTION Governments need to ensure both efficient implementation of their budgets and good management of their financial resources. Spending agencies must be provided with the funds needed to implement the budget in a timely manner‚ and the cost of government borrowing must be minimized. Sound management of financial assets and liabilities is also required. Financial management within the government includes various
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Accrual Basis and Cash Basis Accounting Vannario L. McCray Accounting 290 A simple form of accounting is accrual basis accounting. When a payment is taken in after a sale of goods or services‚ a deposit may be made. When the time comes‚ checks are written because funds are available to pay bills‚ and the expense is recorded as of the check date regardless of when the expense took place. The main focus is on how much money is in the bank‚ the secondary focus is on making sure that all the bills
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ASSIGNMENT FINAL REPORT TOPIC: CAPITAL ACCOUNT CONVERTIBILITY ABSTRACT This report has been prepared to discuss the issue of Capital Account Convertibility (CAC) and India’s experience with it. The concept of CAC and its history and its implications has been discussed. The recommendations of the Tarapore Committee (the committee set up for looking into the issue of CAC) have been presented. Lastly‚ the progress
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| LiquidityCurrent Ratio | 1067.3/832.9 = 1.3:1 | 1041.2/758.1 = 1.4:1 | Quick Ratio | (1067.3 – 368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days | (368.3/2445) x 365 = 55 days | (309/2409.6) x 365 = 47 days | Trade Receivable Days | (645.6/3453.7) x 365 = 68 days | (616.6/3406.5) x 365 = 66 days | Trade Payable Days | (544.6/2445) x 365 = 81 days | (550.3/2409.6) x 365 = 83 days | SolvencyGearing | 727/232.4 = 3.13% | 802/133.4 = 6.01% | Interest Cover | 574.8/24
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Qantas | 2007 | 2008 | 2009 | 2010 | 2011 | Revenue | 15060 | 15627 | 14552 | 13772 | 14894 | Net income($M) | 673 | 970 | 123 | 116 | 249 | Net profit margin | 4.48% | 6.23% | 0.85% | 0.84% | 1.67% | × Asset turnover | 0.77 | 0.79 | 0.73 | 0.69 | 0.71 | = ROA | 3.45% | 4.92% | 0.61% | 0.58% | 1.19% | × Financial leverage | 3.45 | 3.44 | 3.49 | 3.34 | 3.40 | = ROE | 11.93% | 16.91% | 2.13% | 1.94% | 4.05% | NOPAT margin | 6.48% | 8.72% | 1.40% | 1
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