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Tax debt is what type of debt to a company?
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
What is bad debt expense if The company estimates that of the 40000 in accounts receivable outstanding at year-end 5200 probably will not be collected?
5200 is a bad debt expense as company has estimated that it is possible that company will not be able to receive that amount from debtors.
What does debt outstanding mean?
That u payed your debt in full
How can I find out if I have any outstanding debts?
Usually you will receive late notices for outstanding debt. However, you can check with a credit agency such as Veda and or Dunn and Bradstreet in Australia.
What is interest coverage ratio?
This ratio is used to determine how easily a company can repay the interest outstanding on its debt commitments. The lower the ratio, the more the company is burdened by debt commitments. When a company's interest coverage ratio is 1.5 or lower, its ability to meet its interest expenses becomes questionable. An interest coverage ratio of < 1 indicates that the company is not generating sufficient revenue to satisfy its interest expenses. Formula:ICR = EBIT / Interest ExpensesEBIT - Earnings Before Interest and Taxes
Tax debt is what type of debt to a company?
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
Can the insurance company owe you money if their check is no good?
If the insurance company owed you money and they attempted to pay that debt with a cheque that was not honoured the the debt is still outstanding. They may also be liable to other charges.
What is bad debt expense if The company estimates that of the 40000 in accounts receivable outstanding at year-end 5200 probably will not be collected?
5200 is a bad debt expense as company has estimated that it is possible that company will not be able to receive that amount from debtors.
What type of business is NCO Financial?
NCO Financial are a debt collection business. If one owes money to a company, they may refer the matter to a debt collection company such as NCO Financial, who will then contact the person in debt to try and obtain the outstanding funds.
Can you be arrested when entering the US if you have outstanding debt?
No. Outstanding debt is a civil matter, not criminal. You can not be arrested for a civil matter.
What is the amount of money you owe to the credit card company called?
It's called the outstanding balance - or more accurately... debt !
Does your credit score go up after you pay off outstanding debt?
Yes, but only if it is with the original creditor and not a collection company.
What does debt outstanding mean?
That u payed your debt in full
Do providers have to repay company that goes into bankruptcy?
I am not an attorney. But my thought is, yes of course. You still have a debt and you made an arrangement to pay it back. The company still has assets in the form of outstanding debt, and these assets will be used to pay the company's own debt. If I were one of the company debtors, you can be sure I'd be expecting people to pay the company what is rightfully owed. Again, I am not an attorney.
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is a viable method use to collect outstanding debt?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
