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Because if a company doesn't have financial resources, it can;t pay for any human or physical resources.

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Where can I find EBITDA on financial statements?

EBITDA can typically be found on a company's income statement, which is a financial statement that shows a company's revenues and expenses over a specific period of time. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, and is a measure of a company's operating performance.


When insurance company files insolvency in what order does the creditor get repaid back for loans?

When an insurance company passes through acute financial stringency, it can apply for insolvency before the court of law. They will depute temporary caretaker,assess their financial condition (both their market loans,physical and liquid assets. The policy holders will get the top priority to get back their due money, followed by the creditors. The residue fund,after deducting all legal expenses, will be hand over to the stakeholders of the insurance company.


Is Well Fargo Auto Finance and Wells Fargo Financial the same company?

Yes, in 2008 they merged into Wells Fargo Financial. Before, they had 2 separate divisions - auto acceptance and Wells Fargo Financial consumer (real estate).


What is solvency test?

A solvency test determines the ability of a company to meet its long-term financial obligations. This test must be satisfied before the company can enter into certain business transactions.


Where can I find EBIT on financial statements?

EBIT, which stands for Earnings Before Interest and Taxes, can typically be found on the income statement of a company's financial statements. It is calculated by subtracting operating expenses from gross revenue.

Related Questions

What are the physical resources that must be in place before a service can be offered called?

Supporting facility


Are Bondholders the internal users of company's accounting information?

Generally bondholders would be external users of financial information. Prudent investors would most likely look over a company's external financial statements and disclosures before purchasing bonds from the company.


If gross profit ratio is the same for two years what is the financial position of this company?

If the gross profit ratio is the same for two years, the financial position of the company is stable. It means the company is at the same break even point as the year before, but does not constitute growth of profit.


Where can I find EBITDA on financial statements?

EBITDA can typically be found on a company's income statement, which is a financial statement that shows a company's revenues and expenses over a specific period of time. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, and is a measure of a company's operating performance.


When insurance company files insolvency in what order does the creditor get repaid back for loans?

When an insurance company passes through acute financial stringency, it can apply for insolvency before the court of law. They will depute temporary caretaker,assess their financial condition (both their market loans,physical and liquid assets. The policy holders will get the top priority to get back their due money, followed by the creditors. The residue fund,after deducting all legal expenses, will be hand over to the stakeholders of the insurance company.


What is company code in SAP?

Company code is an Legal Entity Description: The company code is the central organizational unit of external accounting within the SAP System. You must define at least one company code before implementing the Financial Accounting component. The business transactions relevant for Financial Accounting are entered, saved, and evaluated at company code level.


Who pays the financial advisers?

I would say that the person or company who hired the financial advisors would be responsible for paying for them. Any decent financial advisor will have a contract to be signed before they begin work, and in it the fees should be clearly spelled out.


What is the process transition to female from male?

Before you begin the process, you would best consult with a good therapist to be sure that, not only that it is what you want, but that you have the mental stamina and financial resources to go through the hormonal and physical changes. It's not just your gender, but your whole life and you need to have great support.


What is interim dividends?

Interim dividends are the dividend payments a company makes before the Annual General Meeting and final financial statements.


Is Well Fargo Auto Finance and Wells Fargo Financial the same company?

Yes, in 2008 they merged into Wells Fargo Financial. Before, they had 2 separate divisions - auto acceptance and Wells Fargo Financial consumer (real estate).


Should you buy stock in a marketing company?

You should look at the financial results for the specific company in which you wish to invest before making a decision about whether to buy stock. If you're not sure how to evalutate this data, you should consult a qualified stock broker or financial analyst.


What is solvency test?

A solvency test determines the ability of a company to meet its long-term financial obligations. This test must be satisfied before the company can enter into certain business transactions.