If the customer does have bad credit then it’s up to you to take the chance and offer your services. It is sometimes not so good to turn down customers due to a bad credit report because it can cause you a chance to blow a great business deal. But also Keep in mind that if they already have a problem with paying bills and if you choose to still do business with them you can set up a payment arrangement to have the bill automatically drafted out of the account every pay period. This way the payment is never late. This is sometimes the best route to go rather you are bad with paying bills or not.
Without proper cash management and regardless of how fast a firm’s sales or reported profits on the income statement are growing, a firm cannot survive without carefully ensuring that it takes in more cash than it sends out the door. When analyzing a company's cash flow statement, it is important to consider each of the various sections that contribute to the overall change in cash position. In many cases, a firm may have negative overall cash flow for a given quarter, but if the company can generate positive cash flow from its business operations, the negative overall cash flow is not necessarily a bad
to me saving money is important because when I don’t have the money to do what I need to do that is a need. I can always go to my savings account and take out what I need. Budgeting is collecting not spending money unnecessary money. 2. List two examples of goods you have purchased in the past or may purchase in the future.
Lowering taxes can also leave money in citizen’s pockets but it also takes away from the amount of money the government is able to use to stimulate the economy by spending. When the government increases spending it forces the demand to go up, if taxes were lowered citizens will still have the choice to spend
II. Main Point #2: Credit is important because it can often dictate what we can and can’t have. A. Subpoint: Good credit can help us with purchasing a new vehicle with a loan at a low interest rate. We can qualify for credit cards at low rates and no fees. Purchase things that otherwise we couldn’t pay with cash because of the higher cost.
Income is an important area of budgeting, this because without income there is no money to work within. It is necessary to raise the amount of income that is available for the budget. To do this the business could sell more products or raising prices. If costs are higher but income is not increased then this means that the profits will be affected. A business with a proper budget should be able to pay its expenses and keep
The money being used to make pennies could be made for other, more useful, things such as buying supplies for schools or helping the homeless. With the cost of penny making going up, the price of everything else has gone up along with it. Because of the growing and evolving economy, no longer does something cost a penny (Source C). Due to the inconvenience, most cashiers become frustrated when someone tries to pay for something with pennies. Although, by eliminating the penny, prices would either have to rounded up or down, but this could be a “win-win” for both the consumer and the corporate businesses.
When an individual passes away and before his or her heirs receive any money all debts must be paid, unlike the government (Colander, 2010). Another difference between government and individual debt is that the government can create money to pay off debts if needed whereas an individual cannot. This week’s objectives gave us, a better understanding of how deficits and surpluses work also how deficits are not always bad. It also taught us how difficult it can be for the government to pay off debts and to come up with a budget that will lead us out of a
Taxpayers have the incentive to try to pay as little tax as possible in order to maximize their wealth. The IRS may choose to negate certain matters under the Sham Transaction Doctrine. Corporate taxation law is constantly growing and adapting which make the validity of these transactions even less clear.
FItzgerald states through this novel that people will aspire for wealth, but often these people lose sight of who they are. These people want this wealth in order to gain protection from the world around them. They perceive this idea that with this wealth then there is no action that requires consequences, for the money will protect them. Fitzgerald ties this together to show that if one relies on this protection, then they will become very careless. After they have lost sight of who they are they will go to extremes and participate in any task as long as they know that they have money by their side to protect them.