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  1. Question: Owner's equity

    by SBU
    Answers
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    734

    Show me what you think and then I'll help you...

    Show me what you think and then I'll help you out. To get you started you need to categorize everything onto the balance sheet and see what the difference is. That will be your ending owners equity.
  2. Question: Being judjement proof

    by SBU
    Answers
    4
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    674

    Most businesses wouldn't go after you in court...

    Most businesses wouldn't go after you in court because, as you said, there are no wages to garnish as payment of the debt. However, I also would not recommend just letting the debt charge off. They...
  3. Question: Kiosk at the malls

    by SBU
    Answers
    3
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    1,051

    Anything that has a high return. Kiosks in malls...

    Anything that has a high return. Kiosks in malls are very expensive and you have to meet certain criteria to even get a spot. You also need to have a very good plan and be able to prove you can add...
  4. Question: Amount incorrect

    by SBU
    Answers
    4
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    726

    You need to check your contract under...

    You need to check your contract under repossession to see what your rights are. I've never had a car repossessed so I don't know exactly what the terms are when it happens. I do know however that...
  5. Answers
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    1,128

    You need to be more specific than that.

    You need to be more specific than that.
  6. Question: Accounting Journals

    by SBU
    Answers
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    742

    What do you mean what journal. There is only one...

    What do you mean what journal. There is only one journal where every entry is made and it is only organized by years in chronological order.
  7. Question: Ledger Account

    by SBU
    Answers
    2
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    1,698

    This is a very odd question and while I know what...

    This is a very odd question and while I know what your teacher is getting at it terribly worded. Also realize that homework questions are not answered outright here. You first need to give us what...
  8. Question: Types of business

    by SBU
    Answers
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    549

    If this is a homework problem you need to let us...

    If this is a homework problem you need to let us know what you think rather than us just give you the answer. HINT: Think of where general liabilities fall on each of the five types. If it falls on...
  9. Answers
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    1,620

    I work with credit cards and I'm surprised the...

    I work with credit cards and I'm surprised the company is letting you guys open and close it that easily. When I close a card per the customers request it stays closed unless it was because the...
  10. Question: Time on bonds

    by SBU
    Answers
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    778

    There are many forms of bonds but I will refer to...

    There are many forms of bonds but I will refer to two general bonds. The first one is regular bond issued by companies, not the government. They have higher interest rates because there is more...
  11. Answers
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    1,131

    24000 is well over any minimum balance amount for...

    24000 is well over any minimum balance amount for law suits in any state. I actually just left work and forgot the list of no-sue states behind. I believe NM is a "can sue" state though.
  12. Usually CC companies are pretty thorough with...

    Usually CC companies are pretty thorough with these investigations. Just because your parents filed a police report doesn't mean the CC companies agree with them. That just the first step in a...
  13. Answers
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    681

    If this is a homework problem you need to let us...

    If this is a homework problem you need to let us know what you think and we will help you pick it apart. I believe there is a policy against giving answers outright.
  14. Question: Sales positions

    by SBU
    Answers
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    791

    I don't think this is the place to find...

    I don't think this is the place to find employees. Try Monster.com.
  15. Answers
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    1,131

    What state do you live in and what is the balance...

    What state do you live in and what is the balance of the card? Certain states don't allow law suits over credit card debt and all states that do have a specified minimum balance to be able to sue.
  16. Answers
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    3,454

    If you pay it off you can. If you sell it and...

    If you pay it off you can. If you sell it and there is still a balance on the loan you still owe that money. Remember, you signed an agreement that you would pay it back, you can't just cancel an...
  17. Answers
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    1,006

    The indirect method splits the cashflow statement...

    The indirect method splits the cashflow statement into three parts.

    1 - Operating Activities
    This would include the ending net income, you need to add back any depreciation or amortization. You...
  18. Answers
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    I work for Wells Fargo Collections PT while...

    I work for Wells Fargo Collections PT while finishing up school. When we settle on an account we make the arrangement over the phone, and typically a settlement letter is mailed. They should be...
  19. Answers
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    Any of your personal debt would not be included...

    Any of your personal debt would not be included in the firms liabilities. Liabilities are strictly for the business/organization. Even if you used firm funds to pay your student loans, this would...
  20. Answers
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    748

    I don't know what industry you are in but I would...

    I don't know what industry you are in but I would recommend one of two things. First, you could go and buy some cheap packs of thank you cards and thank them for their past business. Second, here...
  21. Answers
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    For business registration first visit your states...

    For business registration first visit your states Seceratary of State (SOS) website for registration info and then go to your city hall to more info on local registration. As to tax info, it really...
  22. Answers
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    963

    Correct me if I am wrong, you want to purchase...

    Correct me if I am wrong, you want to purchase unique domain names that you think others would find value in so they can then be resold to them at a higher price? If this is the case I first must...
  23. Answers
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    Since this will be your first year of business...

    Since this will be your first year of business for the ice cream and nut shop I would do two things. First, follow the advice Clough mentioned. Second, for your first year do a very detailed break...
  24. Answers
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    1,207

    Good info always costs money.

    Good info always costs money.
  25. Answers
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    937

    Just go talk to a Customs Broker. Look them up...

    Just go talk to a Customs Broker. Look them up in the phone book and they will be able to answer all your questions. To my understanding you only need licensing if you are importing things like...
  26. Answers
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    Yeah, you can't prove it unless you have proof. ...

    Yeah, you can't prove it unless you have proof. They have truth on their side (or at least what the perceived truth is.)
  27. Answers
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    3,094

    Are you referring to recognition elections for...

    Are you referring to recognition elections for the Union or political elections?
  28. Question: Verifying education

    by SBU
    Answers
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    693

    Be sure you do that. I recently found out that...

    Be sure you do that. I recently found out that back in the day a relative of mine was working for a few years under the pretense that she had graduated from college when she never had. Get the...
  29. Answers
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    I know a while back here in Des Moines there was...

    I know a while back here in Des Moines there was a company that ran all the local subtitles for TV. Basically you type what they say and they were paying over $20 an hour. No exaggeration. I don't...
  30. Yeah, you don't just get mentored by guys like...

    Yeah, you don't just get mentored by guys like that because you know someone that knows someone. It requires $$$$$. Try us out here and see what we can do to help.
  31. Question: Site traffic

    by SBU
    Answers
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    952

    The only thing I feel the need to add is DON'T DO...

    The only thing I feel the need to add is DON'T DO SHOTGUN MARKETING. Be sure everything you do has a specific objective and is utilizing methods to maximize your reach.
  32. There is never a downside to a strategy assuming...

    There is never a downside to a strategy assuming you did your due diligence in developing that strategy. Or at least the advantages make the disadvantages moot. You need to get more specific if you...
  33. Answers
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    19,616

    You are too early in your college career to limit...

    You are too early in your college career to limit yourself to Harvard and Sloan. First decide what you want to do and then make a decision. If you want to be a young CEO immediately out of college...
  34. Answers
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    Like Clough said, obtaining a business license,...

    Like Clough said, obtaining a business license, if necessary, is usually pretty quick. Just go to city hall and they will direct you in the right direction.
  35. Answers
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    6,168

    You really can't ask that question until you have...

    You really can't ask that question until you have made a plan. Go to the websites above, check out your local SBDC, University business school, and SCORE.org for some help on the plan, at which...
  36. Saan banda po kayo sa Pilipinas? Now you say you...

    Saan banda po kayo sa Pilipinas? Now you say you have the skills but not the technical know how. You will have to be more specific as to what type of technical know how you are lacking. In regards...
  37. Answers
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    1,968

    This was already answered in a previous post but...

    This was already answered in a previous post but I didn't want to take the time to find it. Short answer, if indirect method is used, you just add back amortization costs for the year. It is...
  38. Answers
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    Like Clough said, it is all about selling. You...

    Like Clough said, it is all about selling. You need to show them benefits.
  39. Question: Credit card

    by SBU
    Answers
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    476

    Where have you seen credit card narrative? I...

    Where have you seen credit card narrative? I deal with them every day and I have no idea what you are talking about.
  40. I don't think they are a public company so there...

    I don't think they are a public company so there is no ticker to follow. This means you would have to see their financials from those periods and do a valuation of the company, or just keep looking...
  41. Answers
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    1,032

    Again, while I don't know any exact laws...

    Again, while I don't know any exact laws regulating this in the financial industry, a service provider can tack on extra fees for completed work. It happens all the time. Contractors, will charge...
  42. Answers
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    1,737

    I actually work for Wells Fargo collections. ...

    I actually work for Wells Fargo collections. Nothing I say is the opinion of WFF and I would like that to be clear. I deal with CCCS everyday. Yes it does hurt your credit. On your credit report,...
  43. Answers
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    Though I don't invest in any mutual funds you...

    Though I don't invest in any mutual funds you need to realize that they are going to do things like this to compensate for a downturn in the market. Mutual Funds don't have significant returns...
  44. Answers
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    I posted a couple of things on my blog in...

    I posted a couple of things on my blog in reference to this today that would better answer what I posted previously. Go and read it at StevesBlog - Money. Management. Entrepreneurship.. I also a...
  45. Answers
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    793

    Feasibility is based on two major things: ...

    Feasibility is based on two major things:

    First, financial feasibility. If the money isn't there than it is not feasible. Granted, the plan can be leveraged through a bank or one could get...
  46. Answers
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    5,824

    Are they asking for information in addition to a...

    Are they asking for information in addition to a previously sent resume, or are they asking you to send information because you have yet to send them a resume? If you haven't sent them your resume,...
  47. Asking how to start a business has no straight...

    Asking how to start a business has no straight answer. I would recommend you do a little research. Not to burst your excitement or anything, but just because you enjoy something doesn't mean it...
  48. Answers
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    44,518

    For the most part any cover letter you find...

    For the most part any cover letter you find online will be in reference to applying for a new job. I honestly don't know any exact location you could find that example however, I am a HUGE fan of...
  49. Question: Issuing stock

    by SBU
    Answers
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    527

    Read this link: ...

    Read this link:

    https://www.askmehelpdesk.com/accounting/issuing-common-stock-its-impact-financial-statements-190662.html
  50. Without giving you the answer outright just think...

    Without giving you the answer outright just think about where common stock is found on the financial statements. It is only going to be shown on two financial statements, Balance Sheet and Cashflow...
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