Ledger Debt. BORROWING BASE shall mean the sum of (a) seventy-five percent (75%) of the Company's aggregate outstanding Eligible Accounts Receivable, plus (b) the lesser of (i) fifty percent (50%) of ...
Ownership Ledger. The Company shall maintain a ledger in its principal place of business in Nevada which shall at all times reflect the current ownership of the Units and shall be available for inspec...
41 To develop skills in calculating various activity ratios such as stock, debtors, creditors and working capital turnover ratios and evaluate the performance of business units based on these ratios through discussion, problem solving and prepare notes. 42 To develop the skill in calculating ...
insolvent or bankrupt, (iii) is the subject of any proceeding related to its liquidation or insolvency (whether voluntary or involuntary) which is not dismissed within ninety (90) calendar days or (iv) makes an assignment of any material portion of its assets for the benefit of creditors. 4.5...
Let’s assume we are given a series of acronyms and we wish to return the value that the acronyms stand for. The formula will be=SWITCH(A6,”DR”,”Debtors”,”CR”,”Creditors”,”JE”,”Journal Entry”,”LB”,”Ledger book”,”unknown”). ...
For example, levels of stocks, debtors, creditors, cash, fixed assets, and accruals may have changed during an accounting period. We have seen that the net value of the assets and liabilities in the balance sheet represents the capital, or equity, or the wealth of the busi- ness at a ...
51: The purpose of consolidated statements is to present, primarily for the benefit of the shareholders and creditors of the parent company, the results of operations and the financial position of a parent company and its subsidiaries essentially as if the group were a single company with one ...
of the Company; (ii) all safe deposit boxes and other similar custodial arrangements maintained by the Company within the past twelve (12) months; (iii) the check ledger for the last twelve (12) months, and (iv) the names of all Persons holding powers of attorney from the Company or ...
the other parties thereto, enforceable in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws of general applicability relating to or affecting creditors’ rights, and by general equitabl...
Payables Report.The term“Payables Report” shall mean amonthly reportthat includes, as of the last businessday ofthe precedingcalendar month, an agedtrial balanceof Borrowers’accounts payable, a listing of thenames and addressesof allapplicable accountcreditors and suchother informationas may be req...