When In Retirement What Type Of Debt Settlement Option Might Be The Best? More Details Within?

(I am using my friends account to ask this question... I am a senior and female) There is a considerable amount of equity in home, and about 35,000 in Credit Card debt. The question is really about not...

2 Answers In: Retirement By: admin [4 ]

Padma Life Insurance Ipo Results Published?

Padma Islami Life Insurance Limited Has released IPO (Initial Public Offer ) Share on DSE and CSE of Bangladesh. IPO Result Tags: bd ipo result, Download link for padma ipo result, Download padma...

No Answers In: Pensions By: admin [4 ]

So Where, At This Point Does The Following Issue Leave Me?

My husband and i have been married for 1 1/2 yrs now. This is our second marriage. We have combined all aspects of our lives. Everything financial for the most part is joint...both names on accounts,...

1 Answer In: Mortgage By: admin [4 ]

How Much Would Fleet Insurance For A Small Car Hire Firm Cost Roughly?

Hi, Looking for at possible starting a car hire business. But can't seem to find any details on insurance costs. Would anyone have an idea of roughly how much insurance for a fleet of 10-20 small hire...

1 Answer In: Insurance By: admin [4 ]

Help With 2 Stats Questions?

The average age of residents in a large residential retirement community is 69 years with standard deviation 5.8 years. A simple random sample of 100 residents is to be selected, and the sample mean age...

1 Answer In: Retirement By: admin [4 ]

Real Estate Gifting/handing Over Or Not?

Ok, long story short... My grandfather passed away and seeing as how him and I did not see eye to eye, he left everything to his daughter (aka my mom) Now they found a home they(step dad and my mom) want...

2 Answers In: Mortgage By: admin [4 ]

I Was Arrested For Driving While Suspended..i Didnt Know I Was Suspended?

I am a single dad of two small kids that goes to college and works. I took a nap with my 3 yr old and she got up before me and opened my front door went out on stairway and neighbor called Police on me....

1 Answer In: Insurance By: admin [4 ]

Help With Earned Income Credit! Pension Question…?

I am trying to fill out the Earned Income Tax form and there is a question that asks for "the amount received as a pension or annuity from a non-qualified deferred compensation plan". I did collect a...

2 Answers In: Pensions By: admin [4 ]

When Does A New York Federally Chartered Savings Bank Pay Interest On A Mortgage Escrow Account?

My mortgage is held by a federally chartered savings bank. I recently started to receive interest on my mortgage escrow account. For for many years, however, the bank would not pay interest on escrow balances. I...

No Answers In: Mortgage By: admin [4 ]

My Health Insurance Does Not Pay For Viagra. Should 0bama Mandate *free* Viagra?

When your insurance covers things...it means your premium pays for it...its not FREE do you need anything else explained to you?

13 Answers In: Insurance By: admin [4 ]

Cashflows measure the firm’s ability to pay bills on time.
When firms fail to meet their obligations, the are several consequences. Many banks fail not because they are not profitable but because they fail to pay bills on time. For example Leyman in 2008, Hedge fund Long term Fund Management in 2000 etc.
Establish a robust long-term cash management programme
Train your staff on your cash management programme
Improve billing system -the earlier the billing the better the cashflows
Get the best interest rates for your excess cash deposited in the banks
Consider a decrease or no dividend payments
Consider asking customers to pay deposits
Consider cash discounts for early payment by debtors
Consider converting debt into equity
Improve systems for billing and collection
Improve systems for paying suppliers
Make prompt payments only when worthwhile discounts apply
Manage the efficient movement of cash from income to investments
Negotiate extended credit from suppliers
Place in place punitive measures for late payment by debtors
Consider raising new equity
Formulate small and long-term cashflow forecasts and review regularly
Improve your internal cash controls
Reserve money for everyday and emergency liquidity
Sell off obsolete/excess inventory
Consider debtors factoring to improve cash trapped in debtors
Consider hedging against foreign currency movements of your transactions eg for example aUScompany selling toEuropeand you are paid in Euros
Consider hiring a tax expert to reduce your tax bills
Consider investing some of your cash in fixed income which pay regular payments
Consider matching your small terms obligations with small term investments; long term obligations with long terms investments.
Consider renting/leasing instead of buying property, assets etc.
Consider sale and lease-back arrangements for certain assets
Consider selling products that will require customers to recorder regulary
Consider special use account; use of credit and loan facilities if necessarily
Consider tax reliefs available to your situation
Consider use of derivative like swaps, forwards , futures, options to manage your cash flow e.g. you can swap currencies in order not to have any currency exposure
Defer payments to suppliers through negotiation of better credit terms
Defer tax bills when necessary
Delay payment of loans and interest
Determine how excess cash is invested
Evaluate projects based on profitability and cash payback period Do not invest in projects which do not meet your target cash payback time
Grant credit to those who deserve – have a excellent credit score system
Hire a treasury manager to effectively manage excess cash
Improve stock turnover ie reduce inventory/stock levels
Increase cash sales
Increase prices especially to slow payers
Increase the credit taken from suppliers
Invest in near cash investments to improve liquidity ie items that can be easily converted to cash if need be.
Reduce bank charges by consolidating bank accounts
Reduce capital expenditure and use your assets efficiently
Reduce debtors collection period/ debtors turnover period
Reduce overheads – fixed costs like rentals
Reduce variable costs
Renegotiate bank facilities terms to reduce interest and charges
Sell off surplus assets
Improve your reporting with regular production of cash reports, ratios, forecasts