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Why might a profitable business face liquidity problems?
No liquidity
What is the journal entry to write off fixed assets?
When the Company decide to write off the fixed asset, the following entries will be passed:Dr. Accumulated DepreciationDr. Loss on Asset written off (if any)Cr. Fixed Asset ( at cost)The company would write off the fixed asset in the following circumstances:1) The company may write off the fixed asset, if the assets are no longer in feasible use.2) The fixed assets have been fully depreciated.In case 1 above, the company might incurred a loss on fixed asset written down if the net book value is > nil. Whereas, when the assets have been fully depreciated ( as in case 2), no losses will be incurred upon written off.
Can I Increasingly Draw Down Business Loan With Fixed Interest Rate?
A business loan with variable rate of interest would better suit this purpose. You cannot increase the principal balance of the Business Loan having a fixed interest rate throughout the fixed rate of interest period. If several drawing is needed as the rates are fixed for time, break costs might be incurred.
Write off fixed asset entry?
When the Company decide to write off the fixed asset, the following entries will be passed: Dr. Accumulated Depreciation Dr. Loss on Asset written off (if any) Cr. Fixed Asset ( at cost) The company would write off the fixed asset in the following circumstances: 1) The company may write off the fixed asset, if the assets are no longer in feasible use. 2) The fixed assets have been fully depreciated. In case 1 above, the company might incurred a loss on fixed asset written down if the net book value is > nil. Whereas, when the assets have been fully depreciated ( as in case 2), no losses will be incurred upon written off.
What problems might a public limited company face as a catering business?
close down
What are the risks in business expansion?
Personal, business, and competitive risks may occur when one wants to expand their business. These are just a few problems one might run into when expanding their business.
Why might the government freeze assets?
Why might the government freeze assets? To stop crime activity.
What is fixed and variable cost in an organisation?
A fixed cost is one an organization must pay whether or not it does any business. Rent is a fixed cost. Interest on a loan is a fixed cost. You either pay the interest on your loan or go bankrupt like General Motors. Other costs can be fixed or variable depending on the business. Inventory is variable. If sales are low, you keep a low inventory and do not keep much money tied up in stuff that is not selling. Labor can be a variable cost. With the right kind of business, you can have layoffs and when business picks up, hire more workers. Union contracts might make labor a fixed cost.
Discuss how asset and financing requirements might differ among a retail business a service company and an information system-based venture?
Asset and financing requirements might could differ amongst a retail business, a service business and an information system based venture by the various amounts and types of assets that is needed for a new venture dependent on the nature of the business.
What are the problems that may be encountered by future business management graduates with regards to employment?
the problems that might be encounter by future business management graduates would be problem of employment since there are surplus graduates who are not globally competent resulting to unemployment and underemployment
Why might new technology cut the costs of a business?
People are constantly finding more innovative and efficient solutions to problems.
Q1. Why might a growing business need to reassess security?
Expansion can introduce more employees, visitors, assets, entrances, and operating hours, creating new security considerations.
