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How can the business show a profit and yet be overdrawn at the bank?
Psavara
A business' profit is absolutely unrelated to its bank balance.
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∙ 14y ago
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How can you find where a business banks?
pay them by Check, the back of the your returned check will show you. That is only if the bank's name is printed on the back.
Advantages and disadvantages of trading profit and loss account?
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
Why do you think you are suited to a career within HSBC Bank and what attracts you to this business?
There are huge bank in our country. HSBC is the one of leading Bank. I want to boost up my career with leading bank. I think HSBC is the right bank to show myself. That's why I want to start with best bank in the world.
What do you understand by presumptive tax system in India?
Presumptive tax assumes that organisation is making profit. And this profit is then taxed by a fixed percentage.The tax is generally used to put some specific businesses under tax net e.g. diamond business, business which provide labour for hire, transport business etc..The tax is levied because most of these businesses show FAKE losses in their balance sheets.
What is the meaning of gross profit margin?
Your Gross profit margin is the price you sell a product for minus the cost you paid for that product. It does not take into cinsideration the overhead of your business. If you sell a product for $100.00 and it cost you $90.00, you made $10.00 gross. If the cost of your overhead comes out to $20.00, you have a net profit of -$10.00. Many companies can have a gross profit and lose money overall. Obama's current plan is to ensure more corporations show a gross profit and lower net profit.
Does a business have to show a profit?
If you have a profit, then yes you have to show the profit. However, make sure you have accounted for ALL of your expenses.
How do you use business plan in a sentence?
I need to write a business plan to show the bank how the business will operate.
What does the net profit percentage show?
net profit percentage shows how much money is left, after paying expences from running the business, as a percentage.
What is profit and loss appropriation account?
its when a partnership business draws up an Appropriation Account to show how the net profit is shared out between the partners
Can you add profit from sales in capital?
Profit or loss from sales is part of capital of business and that's why it is shown in balance sheet as an addition or deduction from the capital of business to show the net effect of operations.
Why have cash flow forecast?
A bank manager would want to see a businesses cash flow forecast due to several reasons as:- It will show whether the business is Ina good financial position or not. It will lead the manager to decide whether to lend a bank loan or not. The bank manager can see how the business was existing for a period of time. After looking at the cash flow forecast the manager can decide whether to let the business have transactions with the bank or not. It will also show how the business have been utilizing their profits in a profitable way and also seeing whether the buisness is holding too much of cash.
Do you include your small business grant in your business plan?
If you are receiving a small business grant it is best to include it in your business plan. If you include it in your plan you are able to show a better profit/loss statement.
What are three essential functions of a business plan?
to make the aim of your business clear.to show the predicted expenditure of your business.to display how much profit you are intending to make.
Could a return on assets show the profit of a business?
Yes, a return on assets, or ROA for short, can be used to show the profitability of a company. A return on assets shows exactly how much profit a company brings in per $1 in assets held.
How can you absolute value to represent a negative number in a real-world situation?
If your bank account is overdrawn by 5 units then your statement will show the balance as -5. So the negative number, -5, is represented as a debt of 5 units of currency (an absolute number).
Lease a Business to Finance Another Business?
If you have ever wondered how to finance a business without going into debt, one of the most underused solutions is leasing one of your current businesses to another person. If you have a business with a system which runs itself, it can be easily leased for a price, with the profits going to the leasor for the extent of the term. You will need proof of income to show that your business has a base amount that it normally brings in, to show leasors that they can depend on making a profit if they run the business adequately. But if that is the case, they get a profit, and you gain a guaranteed income source that you can invest into another business.
Why would a bank manager want to see a cash flow?
A bank manager would want to see a businesses cash flow forecast due to several reasons as:- It will show whether the business is Ina good financial position or not. It will lead the manager to decide whether to lend a bank loan or not. The bank manager can see how the business was existing for a period of time. After looking at the cash flow forecast the manager can decide whether to let the business have transactions with the bank or not. It will also show how the business have been utilizing their profits in a profitable way and also seeing whether the buisness is holding too much of cash.
