Prepaid expenses $600 Short-term loans $1,000 Taxes payable $600 Total current liabilities $4,000 The quick ratio in this example is 1.1, or $4,400 / $4,000. This means the business has $1.10 in quick assets for every $1 in current liabilities.Components...
If you own a traditional brick-and-mortar store or a physical office, it is important to update your customers about any changes in the regular business hours. For instance, a lot of businesses had to remain shut during the COVID-19 pandemic or were open for only a couple of hours. A ...
Medical: Zero tariffs for certain raw materials for medical drugs, including those for cancer and COVID-19. These also apply to medical supplies such as dentures, raw materials for vascular stents, and contrast agents. Consumer goods: Reduced tariffs in alignment with contemporar...
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) creates a new type of loan for the United States Small Business Administration (SBA) to administer. Unlike the disaster loans currently available through the SBA, these loans are potentially forgivable up to 100% of the principal...
While each individual will differ, there are some common concerns for virtually everyone: Medical bills Funeral and burial expenses Mortgage balances Personal loans Credit card debt How much life insurance coverage do you need? In addition to the immediate expenses after a loved one dies, more long...
Repayment of federal relief loans - (2,864 ) Net cash provided by financing activities – continuing operations 720,279 1,809,476 Net cash provided by financing activities – discontinued operations - - NET CASH PROVIDED BY FINANCING ACTIVITIES 720,279 1,809,476 NET DECREASE IN CASH (49...
Currently, we are experiencing, and are expecting to continue to experience, increases in interest on our variable rate term loans. We bear the risk that the rates we are charged by our lenders will increase faster than the earnings and cash flow of our business, which could reduce ...
Notify was running a rent-a-shelf model which leveraged on leasing space before renting it out to a stream of small enterprises that were unable to afford a physical outlet on their own. The business had run for barely five years.
The cash lab stays on top of regulatory developments in each market so that, where appropriate, the company can receive government aid, benefit from tax deferrals or credits, or apply for federal loans as quickly as possible. To conserve cash, QSR leaders are postponing or reneg...
British grocer Tesco attracted loans of £5bn at the beginning of the year. The interest paid will drop if the company achieves its targets related to Scope 1 and 2 emissions. They aim to be a Net Zero Carbon business in the UK by 2035 (15 years ahead of the UK as a country) ...