Account Receivables

Question by sarbizo@sbcglobal.net: what is a reasonable profit i should be making at my restaurant? i have recently calculated my food costs at 34% my overhead at 31% and labor at 25% which leaves me with a profit of about 10%. would this be considered a reasonable profit for the restaurant industry? i have two [...]

Question by : Should next yrs A/P be in current liabilities even though this years expenses are accounted for in cashflow? Best answer: Answer by bwitchExpenses are used when calculating profit and loss (EBIT), Liabilities are on the balance sheet (L+E=A). Liabilites can be either short term (current), which means debts due within a year, [...]

Question by knowledge: Should i take a settlement opportuity for a bad debt on my credit report at 75% off the entire balance? The debt is a checking accout from 2005 where I allowed someone to rent a car in my name using my checking account, and i didn’t receieve the money from the person [...]

Question by Clueless in NY: Bad debt, Should I retain the services of Credit Solutions? I’m in a hole of horrifying debt. So in an attempt to do something about it, I am retaining the services of Credit Solutions. Only one problem, I”ve been with a debt settlement company before and they did absolutely nothing! [...]

Question by kguy83: Where should I invest my 50 monthly cashflow? I am 24 years old and after taxes and cost of living expenses I have $ 1350 coming in every month. Before I just blew it all away on junk (electronics, trips, women, drinking) but now I think I should invest it but how [...]

Question by Blue: Are people in debt bad people and should they be allowed to vote? I was told if someone in debt wrote a new story it should not be 100% creditable. Also some jobs won’t hire them. So are they bad people and why? Also Felons can’t vote, Should people in debt be [...]

Question by Icecream: Should Federal Reserve Chairman Bernake be removed from his post for buying up the bad debt of companies? Why should our government/tax payers buy up the bad debt of all the corporations, which causes the dollar to fall and only profits a handful of CEO’s? He bought up $ 750 billion dollars [...]

Question by Roger: In preparing a Sales/Debtors budget should I include bad debt and sales tax? In preparing a Sales/Debtors budget should I include bad debt and sales tax? I also want to confirm that I would subtract the discount on sales in the budget also. Best answer: Answer by RhondaYes. It is part of [...]

Question by That Guy: How should I teach factoring? Or, what method do you find the best? I am trying to tutor a kid on factoring and he just doesn’t seem to get it, especially he does not like the notion that if we solve a quadratic, there are 2 solutions. He only wants to [...]

Question by pitcheer358: financial accounting help! which of the following should be added to net income in calculating net cash flow? from operating activities using the indirect method?? a. preferred dividends declared and paid b. a decrease in accounts payable c. an increase in inventory d. a decrease in accounts receivable Best answer: Answer by [...]