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Business Credit
Business credit is based on a business’ capacity to pay back debt. A business proves this capacity through its payment history. Business credit can be used to obtain everything from office furniture to employees’ uniforms.
355 Questions
Can a lease on faulty equipment that never worked be noncancellable?
It possibly could at least theoretically, but only if it were specifically stated that way in the lease and the person accepting the faulty equipment knew that he was getting faulty equipment to begin with. In other words, he was satisfied that the money he is to pay on the lease is worth the risk that the equipment might never be fixed. He simply took a calculated risk and lost. A lease is a contract in which both sides make promises supported by consideration, i.e. the giving by each to each of something of value. One gives money in return for a piece of equipment. When one side does not live up to his bargain the other party may sue for damages, cancellation of the contract or specific performance of the contract. On the other hand, if there is no such specific clause and if it is contemplated that the equipment will work, then it should not be non-cancellable. This is because every contract has an implied promise that each side will complete his part of the bargain in good faith. This means that it is expected that the equipment will be in working order when first delivered. If the equipment never worked, my opinion is that the lessor breached his implied warranty and the lease should be cancelled. If the equipment breaks down the next day though, it might be non-cancellable with the lessee's responsibility to fix it. But note that in this situation the equipment did work at one time. In any event is sounds like there is some litigation in store for these two.
New businesses are infrequently able to get credit on their own (without a qualfied personal quarantee by the owner) for about 5 years.
Despite their lofty proclaimations about reducing poverty,the purpose of world bank "loans" are twofold- to place that country into perpetual debt,and to give corporations access to resources. The loans end up in the pockets of corrupt leaders. They are always given under two conditions- Cut wages and spending on social services,(on an already impoverished population) and privatise essensial services like water and electricity.This is what they call "strutural adjustment programs", and history shows that it always harms the majority, enriches a small clique, degrades the environment and promotes social unrest. While Chile suffered this way under the murderous Pinochet, the world bank called it an "economic miracle", and Indonesia under Suharto was praised for its "political stability", a codename that means "freedom for corporations to do whatever they like" In Bolivia, Bechtel corporation,under the instructions of the IMF and the world bank, privatised the water supply and demanded 25% of their megre income for the privelige. They took it a step further, and unbelieveably, they outlawed the collecting of rainwater. The country exploded into riots, and Bechtel packed up and left.(good riddence) The world bank and the IMF were formed after WW2 for the right reasons, to redistribute money and help war torn countries re-build their infrastructures and economies. During the post-war period they have morphed into a committee of multinational corporations whose only agenda is profit.
What do net sales to working capital show or measure?
It measures the effeciency of worling capital in producing enough sales.
What are the differences between traditional budgeting system and zero based budgeting system?
The Traditional Budgeting refers to a list of all planned expenses and revenues. It focuses on what the managers tend to spend rather on what resources they need. It fails to identify wastes, incoming workloads and cost drivers; it does not support continuous improvement and appears to have general lack of ownership and buy - in. Critics also found out that it is very time consuming for the benefits to be achieve. Therefore, traditional budgeting practices doesn't appear to be connected to the over all organizational strategy. Another major flaw of it is that it assumes that the current year's expenditure level is justifiable although it may not be true because it may be high or low. While in Zero Based Budgeting it is always assumes that the expenditures is always based on zero. It aims to achieve an optimal allocation of resources that incremental and other budgeting systems cannot achieve. Zero Based Budgeting provides an efficient allocation of resources, as it based on the needs and benefits. It also identifies and eliminates wastage and obsolete operations, increases staff motivation as well as the communication and coordination within the organization, detects inflated subjects and drives managers to find out cost effective ways to improve operations. But despite of all the benefits of it, there are also criticisms and drawback against it such as it may lead to micro management, it involves a huge amount of money and it may lead to a material shift in the use of resources.
What are the characteristics of money?
durability, portability, divisibility, uniformafy, limited supply, acceptability
How do tax cuts affect the economy?
Tax cuts improve the economy by giving the people more spending power and higher consumer confidence which leads to them spending more of all of their income which leads to more jobs, more business investment in more efficient technologies, and ultimately higher GDP growth.
Less is moreLower taxes, when coupled with lower or controlled government spending, almost always has the opposite effect of what most people would think. Increased government revenue is one almost immediate symptom, as the tax cut encourages people to buy more products and services, stimulating the economy and creating more jobs. Less taxes (as a percentage of earnings) going to the government coffers and more staying in the pockets of average taxpayers always has a positive effect on the overall economy and allows a vibrant free democracy to thrive and grow. Remember that money the government uses to spend is not their money. It is the people's money that they take from us through various taxes. Lower taxes on the manufacturing, service and business sectors allows them to spend more money on their business and create more jobs. More revenue through taxes as a result of this increased commerce allows the government to maintain or even increase spending on precious social programs and health care. The resulting increased revenue allows a responsible government to borrow less money or even reduce government debt, relieving pressure on currency supply and interest rates, resulting in lower interest rates, which is good for everyone. Lower tax rates are a classic case of 'less is more' and any good government should always be searching for ways to reduce taxes and spending. It's your money. AnswerHowever, some disagree on the effectiveness of this measure. Sometimes, the benefits are eaten up by a rise in prices, like the rise in oil prices during the Iraq wars. Other times, the benefits don't extend to all social classes or the benefits disappear after a short time. All tax cuts should be thoroughly researched as to their specifics. AnswerForget the meme that tax cuts stimulate employment. I can assure you it's not true. Most of the revenue from a tax cut winds up with the rich, and they invest in stocks purchased from other rich people far more than they spend on consumer goods.It would be easy to argue that a tax increase would benefit the American people as a whole more than a tax cut. Get yourself a good old-fashioned tax and spend liberal and he's going to spend on things like increased road construction. They'll have to hire to do it, and the people who were hired spend their money in the stores. IIRC a dollar turns over in the community seven times...so a billion-dollar tax increase earmarked for highway construction becomes a seven-billion-dollar boon to the economy.
AnswerBecause of some people taking loans, using there credit card for almost everything, and burrowing money from friends and families, is one of the main reason's why the economy is acting like a holler coaster. Back in WW1 and WW2 War bonds kind of helped the economy and our nation because we the tax payers give are money to the government to pay for war and small stuff and we get that money back after the war is done and the bond is done, plus we get an interest rate of each year. There was a new bond after 9/11 but there was no advertisement about it, so our government had to borrow money and make loans from other countries and third party countries, which they owe an additional interest rate to those people of the loan. That is the same for civilians. I hate to say it, but allowing the tax cuts to expire will help our economy in time and hopefully but the time our economy is truly back on our feet, then we can make new tax cuts proposer. I plan to never get or use a debit card or make a loan, which is dependent on how much you get paid, because if you know you can't pay for something that is expensive then just save your money in the back and use the savings' account increase money from the interest rate, then you can use that to buy something expensive. I suggest just you cash from your checking or savings account or your debit card. Only use your Credit card and loans in emergency use only.
This is such a bogus economic theory with no substantive proof.
The key phrase is "lower taxes coupled with lower government spending". No republican administration in the last half century has ever reduced government spending, even when they did cut taxes. What proof can there be when there is no data to support the "theory" that reducing taxes has a positive impact on the economy? What if the increased spending by government was the the real reason for the improvement in the economy. Economist can only give us opinion on the subject but not facts supported by data. Where is the proof that the manufacturing companies really create jobs because they have lower taxes? With sending jobs out of our country we have allowed the wealthy manufacturers to keep more of their money without investing in this country's economy. Once the initial logic falls apart, the rest of the argument for lower taxes crumbles.
The real beneficiaries of the lower taxes issue in the last half century have been the rich. Both political parties have contributed to the increasing disparity between the rich and the middle class in this country. Read the following article.
The New American OligarchyThursday 02 December 2010by: Andy Kroll | TomDispatch | Op-EdSecondly, the lower taxes mantra, most recently, ignores any sense of civic responsibility and encourages the "me now" syndrome. "Now" means give me the benefit of lower taxes today regardless of the cost I pass to my children. Our founding fathers put their entire livelihood and fortunes on the line for the benefit of society. That does not exist today.
This company has a multitude of negative postings around the Internet and nothing positive I can find I for one to answer your question can not find a thing positive. I tried to e mail them and got an auto response and their phone is just an answer machine.
You should look at http://www.complaintsboard.com/bycompany/prospexx-integrated-capital-amp-barrett-capital-exchange-a170973.html
and http://www.ripoffreport.com/Brokerage-Companies/Prospexx-Barrett-Cap/prospexx-barrett-capital-exch-24ccb.htm
and http://www.mortgagegrapevine.com/thread/?thread=564661
and http://insidetradellc.com/blog/list-private-placement-trader-brokers-fraud-avoid/comment-page-3/#comment-243
Sorry I can find nothing positive.
How to get Business credit card processing without personal guarantee?
First you need to find a processor that is willing to accept business financials in lieu of a personal guarantee:
The practice of buying property on the gamble that it can be resold for a profit is called?
The practice of buying property on a gamble to rehab and resell it is called flipping. This practice has become so popular it now has at least one television shows about it.
Distinguish between holding company multinational company and conglomerate company?
Typically if a company is one it's the othere two as well but they don't have to be all of them. A holding company is a company that owns part of the stocks in another company, while conglomerates are multiple companies that have become fully fused together. multinational just means the company is based in multiple nations
What is the importance of supplier to the company?
without suppliers, there is no business.
ANSWER
To sustain the business operations of a company or an organization, suppliers are needed to provide the necessary goods and services.
How do you get a free business credit report?
Several companies offer free business credit reports online; however, these products usually only give access to basic credit information. To get access to the actual scores and ratings, most companies will require you to upgrade to a business credit monitoring or credit building solution. These products are typically not free.
Business credit cards with personal guarantee?
How credit repair works
CHALLENGE
We challenge your questionable negative items with all three bureaus, ensuring your credit reports are accurate and fair.
DISPUTE
We ask your creditors to verify the negative items they’re reporting. If they can’t, they are required by law to stop reporting them.
MONITOR
We continue to watch your credit, addressing additional issues as they arise so that you can stay on track and reach your goals.
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Open up a line of credit with a bank or get a credit card in the business' name. Those entities will report to the credit bureaus based on your usage of the credit line.
What are the classes of credits?
Credit cards are a fast and convenient way to spend money, which makes them one of the easiest ways to get into debt. There are some forms of Credit:
Revolving Credit
Installment Credit
Non-Installment or Service Credit
Charge Cards
If you want to learn how to manage credit then contact lowcards.
What is the importance of suppliers to a company?
without suppliers, there is no business.
ANSWER
To sustain the business operations of a company or an organization, suppliers are needed to provide the necessary goods and services.
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
What decade experienced the largest growth in the number of business establishments?
The answer will depend on which country or region the question is about.
How do you check supplier's business credit score when you are doing business with them?
There are a considerable number of company's across the internet that can do this for a fee. However, most companies have an agreement with their banks to undertake these checks. They may also change a fee for the check being undertake as you banks always charge business's for any work undertaken for them
What is the relationship between a business enterprise and the economy?
A business enterprise plays a crucial role in the economy by creating goods and services that meet consumer demands, generating employment, and contributing to tax revenues. These enterprises drive innovation and competition, which can enhance productivity and economic growth. Moreover, they can influence economic stability and resilience through their investment decisions and responses to market changes. Ultimately, the health of the economy is often reflected in the performance and adaptability of its business enterprises.
How you can know about a corporation type?
Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.
How can you get a credit card for your business without using my personal credit?
You take your old credit card and tell the bank you want to duplicate it and then ask for a separate spending card for your business. That way you have a card for you and your administration. Duh, yolo.
