Cash Money Records Quotes

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How does paying people more money make you more money? It works like this. The more you pay your workers, the more they spend. Remember, they're not just your workers- they're your consumers, too. The more they spend their extra cash on your products, the more your profits go up. Also, when employees have enough money that they don't have to live in constant fear of bankruptcy, they're able to focus more on their work- and be more productive. With fewer personal problems and less stress hanging over them, they'll lose less time at work, meaning more profits for you. Pay them enough to afford a late model car (i.e. one that works), and they'll rarely be late for work. And knowing that they'll be able to provide a better life for their children will not only give them a more positive attitude, it'll give them hope- and an incentive to do well for the company because the better the company does, the better they'll do. Of course, if you're like most corporations these days- announcing mass layoffs right after posting record profits- then you're already hemorrhaging the trust and confidence of your remaining workforce, and your employees are doing their jobs in a state of fear. Productivity will drop. That will hurt sales. You will suffer. Ask the people at Firestone: Ford has alleged that the tire company fired its longtime union employees, then brought in untrained scab workers who ended up making thousands of defective tires- and 203 dead customers later, Firestone is in the toilet.
Michael Moore (Stupid White Men)
The cash held by US companies are hitting all time records. Companies are using some of this money to buy back their own stock at record rates. When a company is doing this it is saying to it's investors: We don't have any good ideas what to do with this, so here--maybe you do.
Geoff Colvin (Talent is Overrated: What Really Separates World-Class Performers from Everybody Else)
company and for similar companies in the same industry. • The percentage of institutional ownership. The lower the better. • Whether insiders are buying and whether the company itself is buying back its own shares. Both are positive signs. • The record of earnings growth to date and whether the earnings are sporadic or consistent. (The only category where earnings may not be important is in the asset play.) • Whether the company has a strong balance sheet or a weak balance sheet (debt-to-equity ratio) and how it’s rated for financial strength. • The cash position. With $16 in net cash, I know Ford is unlikely to drop below $16 a share. That’s the floor on the stock. SLOW GROWERS • Since you buy these for the dividends (why else would
Peter Lynch (One Up On Wall Street: How To Use What You Already Know To Make Money In)
To track your money, write down or digitally capture every dollar you spend for one month. Include everything, from your $1,800 mortgage payment to the $4 coffee you grabbed on your way into work. Here, savings counts as an expense, so remember to include any money you put into a savings or retirement account (unless it was taken out of your paycheck—don’t include that). Record each expense regardless of whether you pay by cash, check, debit or credit card, automatic payment, or online transfer.
Michele Cagan (Budgeting 101: From Getting Out of Debt and Tracking Expenses to Setting Financial Goals and Building Your Savings, Your Essential Guide to Budgeting (Adams 101 Series))
The Proofs Human society has devised a system of proofs or tests that people must pass before they can participate in many aspects of commercial exchange and social interaction. Until they can prove that they are who they say they are, and until that identity is tied to a record of on-time payments, property ownership, and other forms of trustworthy behavior, they are often excluded—from getting bank accounts, from accessing credit, from being able to vote, from anything other than prepaid telephone or electricity. It’s why one of the biggest opportunities for this technology to address the problem of global financial inclusion is that it might help people come up with these proofs. In a nutshell, the goal can be defined as proving who I am, what I do, and what I own. Companies and institutions habitually ask questions—about identity, about reputation, and about assets—before engaging with someone as an employee or business partner. A business that’s unable to develop a reliable picture of a person’s identity, reputation, and assets faces uncertainty. Would you hire or loan money to a person about whom you knew nothing? It is riskier to deal with such people, which in turn means they must pay marked-up prices to access all sorts of financial services. They pay higher rates on a loan or are forced by a pawnshop to accept a steep discount on their pawned belongings in return for credit. Unable to get bank accounts or credit cards, they cash checks at a steep discount from the face value, pay high fees on money orders, and pay cash for everything while the rest of us enjoy twenty-five days interest free on our credit cards. It’s expensive to be poor, which means it’s a self-perpetuating state of being. Sometimes the service providers’ caution is dictated by regulation or compliance rules more than the unwillingness of the banker or trader to enter a deal—in the United States and other developed countries, banks are required to hold more capital against loans deemed to be of poor quality, for example. But many other times the driving factor is just fear of the unknown. Either way, anything that adds transparency to the multi-faceted picture of people’s lives should help institutions lower the cost of financing and insuring them.
Michael J. Casey (The Truth Machine: The Blockchain and the Future of Everything)
My mother loved giving me math challenges. At Kmart or Winn-Dixie, she’d have me pick out books and model cars and trucks and buy them for me if I was able to mentally add together their prices. Over the course of my childhood, she kept escalating the difficulty, first having me estimate and round to the nearest dollar, then having me figure out the precise dollar-and-cents amount, and then having me calculate 3 percent of that amount and add it on to the total. I was confused by that last challenge—not by the arithmetic so much as by the reasoning. “Why?” “It’s called tax,” my mother explained. “Everything we buy, we have to pay three percent to the government.” “What do they do with it?” “You like roads, buddy? You like bridges?” she said. “The government uses that money to fix them. They use that money to fill the library with books.” Some time later, I was afraid that my budding math skills had failed me, when my mental totals didn’t match those on the cash register’s display. But once again, my mother explained. “They raised the sales tax. Now you have to add four percent.” “So now the library will get even more books?” I asked. “Let’s hope,” my mother said.
Edward Snowden (Permanent Record)
A person can be recognized or granted citizenship on a number of bases. Usually citizenship based on circumstances of birth is automatic, but an application may be required. Citizenship by birth (jus sanguinis). Born within a country (jus soli). Some people are automatically citizens of the state in which they are born. Most countries in the Americas grant unconditional jus soli citizenship, while it has been limited or abolished in almost all other countries. Citizenship by marriage (jus matrimonii). Naturalization. States normally grant citizenship to people who have entered the country legally and been granted permit to stay, or been granted political asylum, and also lived there for a specified period. In some countries, naturalization is subject to conditions which may include passing a test demonstrating reasonable knowledge of the language or way of life of the host country, good conduct (no serious criminal record) and moral character (such as drunkenness, or gambling), vowing allegiance to their new state or its ruler and renouncing their prior citizenship. Some states allow dual citizenship and do not require naturalized citizens to formally renounce any other citizenship. Citizenship by investment or Economic Citizenship. Wealthy people invest money in property or businesses, buy government bonds or simply donate cash directly, in exchange for citizenship and a passport.
Wikipedia: Citizenship
CAN WE TRUST ANYTHING THE NEW YORK TIMES SAYS ABOUT IMMIGRATION? In 2008, the world’s richest man, Carlos Slim Helu, saved the Times from bankruptcy. When that guy saves your company, you dance to his tune. So it’s worth mentioning that Slim’s fortune depends on tens of millions of Mexicans living in the United States, preferably illegally. That is, unless the Times is some bizarre exception to the normal pattern of corruption—which you can read about at this very minute in the Times. If a tobacco company owned Fox News, would we believe their reports on the dangers of smoking? (Guess what else Slim owns? A tobacco company!) The Times impugns David and Charles Koch for funneling “secret cash” into a “right-wing political zeppelin.”1 The Kochs’ funding of Americans for Prosperity is hardly “secret.” What most people think of as “secret cash” is more like Carlos Slim’s purchase of favorable editorial opinion in the Newspaper of Record. It would be fun to have a “Sugar Daddy–Off” with the New York Times: Whose Sugar Daddy Is More Loathsome? The Koch Brothers? The Olin Foundation? Monsanto? Halliburton? Every time, Carlos Slim would win by a landslide. Normally, Slim is the kind of businessman the Times—along with every other sentient human being—would find repugnant. Frequently listed as the richest man in the world, Slim acquired his fortune through a corrupt inside deal giving him a monopoly on telecommunications services in Mexico. But in order to make money from his monopoly, Slim needs lots of Mexicans living in the United States, sending money to their relatives back in Oaxaca. Otherwise, Mexicans couldn’t pay him—and they wouldn’t have much need for phone service, either—other than to call in ransom demands. Back in 2004—before the Times became Slim’s pimp—a Times article stated: “Clearly . . . the nation’s southern border is under siege.”2 But that was before Carlos Slim saved the Times from bankruptcy. Ten years later, with a border crisis even worse than in 2004, and Latin Americans pouring across the border, the Times indignantly demanded that Obama “go big” on immigration and give “millions of immigrants permission to stay.”3
Ann Coulter (¡Adios, America!: The Left's Plan to Turn Our Country into a Third World Hellhole)
The US traded its manufacturing sector’s health for its entertainment industry, hoping that Police Academy sequels could take the place of the rustbelt. The US bet wrong. But like a losing gambler who keeps on doubling down, the US doesn’t know when to quit. It keeps meeting with its entertainment giants, asking how US foreign and domestic policy can preserve its business-model. Criminalize 70 million American file-sharers? Check. Turn the world’s copyright laws upside down? Check. Cream the IT industry by criminalizing attempted infringement? Check. It’ll never work. It can never work. There will always be an entertainment industry, but not one based on excluding access to published digital works. Once it’s in the world, it’ll be copied. This is why I give away digital copies of my books and make money on the printed editions: I’m not going to stop people from copying the electronic editions, so I might as well treat them as an enticement to buy the printed objects. But there is an information economy. You don’t even need a computer to participate. My barber, an avowed technophobe who rebuilds antique motorcycles and doesn’t own a PC, benefited from the information economy when I found him by googling for barbershops in my neighborhood. Teachers benefit from the information economy when they share lesson plans with their colleagues around the world by email. Doctors benefit from the information economy when they move their patient files to efficient digital formats. Insurance companies benefit from the information economy through better access to fresh data used in the preparation of actuarial tables. Marinas benefit from the information economy when office-slaves look up the weekend’s weather online and decide to skip out on Friday for a weekend’s sailing. Families of migrant workers benefit from the information economy when their sons and daughters wire cash home from a convenience store Western Union terminal. This stuff generates wealth for those who practice it. It enriches the country and improves our lives. And it can peacefully co-exist with movies, music and microcode, but not if Hollywood gets to call the shots. Where IT managers are expected to police their networks and systems for unauthorized copying – no matter what that does to productivity – they cannot co-exist. Where our operating systems are rendered inoperable by “copy protection,” they cannot co-exist. Where our educational institutions are turned into conscript enforcers for the record industry, they cannot co-exist. The information economy is all around us. The countries that embrace it will emerge as global economic superpowers. The countries that stubbornly hold to the simplistic idea that the information economy is about selling information will end up at the bottom of the pile. What country do you want to live in?
Cory Doctorow (Content: Selected Essays on Technology, Creativity, Copyright, and the Future of the Future)
Retirement Lifestyle Planning There are four (4) major financial questions that you must be able to answer in order to know if your current or future plan will work for you. What rate of return do you have to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy? How much do you need to save on a monthly or annual basis to be able to retire at your current standard of living and your money last your life expectancy? Doing what you are currently doing, how long will you have to work to be able to retire and live your current lifestyle till life expectancy? If you don’t do anything different than you are doing today, how much will you have to reduce your standard of livingat retirement for your money to last your life expectancy? Motto for Retirement Lifestyle Planning A solid financial plan is a powerful possession that offers a sense of peace and freedom. Our process allows us to determine appropriate strategies and help you understand how to achieve your goals and live your dreams. Our process stresses informed financial decision making. We encourage you to review all decisions with your team of tax and legal professionals. For the record, we are not tax or legal professionals and this information is not intended as tax or legal advice. Now we’d like to remind you that a well-executed financial plan requires diverse knowledge and utilizes some or all of the following strategies and services: -Retirement Lifestyle Planning Making the most of your employer-sponsored retirement plans and IRAs. Determining how much you need to retire comfortably. Managing assets before and during retirement including Social Security analysis. -Estate Planning Referring you to qualified Estate Attorneys to review your wills and trusts to help preserve your estate for your intended heirs by helping with beneficiary designations. Reducing exposure to estate taxes and probate costs. Coordinating with your tax and legal advisors. -Tax Management Helping to reduce your current and future tax burden by considering multiple strategies for review by your tax professional.Also, referring you to qualified tax specialists if needed. -Legacy Planning/Charitable Planning Creating a solid future for generations to come by ensuring that your legacy will live on through those you love or causes you care deeply about. -Risk Management Reviewing existing insurance policies. Recommending policy changes when appropriate. Finding the best policy for your individual wants and needs. -Investment Planning Determining your asset allocation needs. Helping you understand your risk tolerance. Recommending the appropriate investment vehicles to help you reach and exceed your goals.
Annette Wise
Traders kept careful records of their booty. One surviving inventory from this region lists “68 head” of slaves by name, physical defects, and cash value, starting with the men, who were worth the most money, and ending with: “Child, name unknown as she is dying and cannot speak, male without value, and a small girl Callenbo, no value because she is dying; one small girl Cantunbe, no value because she is dying.
Adam Hochschild (King Leopold's Ghost: A Story of Greed, Terror, and Heroism in Colonial Africa)
In 1988, NDTV got a good contract from Doordarshan to produce a famous weekly show called The World This Week, which was anchored by the owner Prannoy Roy. As per records, Doordarshan granted Rs.2 lakhs ($6000[1]) per episode to NDTV, which was a princely sum in those days. Incidentally the head of Doordarshan at that time was Bhaskar Ghose and his son-in-law journalist Rajdeep Sardesai became the No. 2 in NDTV. The Congress Party was in power then and showed all possible support to NDTV and provided a red-carpet welcome to the private media unit to enjoy the national resources of Doordarshan. Every resource and infrastructure of Doordarshan was used for NDTV’s growth. In fact, in the early days (1995-1997), it is this tax payer money (Doordarshan contract) that got him personal gains again when he did “sweet” private equity deals (for sale of personal stake belonging to him and his wife) to a few global private equity funds. Thus, he built a business from patronage (government money) and then created value and cashed some of it by selling to private equity investors such as Goldman Sachs, Morgan Stanley, Alliance Capital, Jardine Fleming etc.
Sree Iyer (NDTV Frauds V2.0 - The Real Culprit: A completely revamped version that shows the extent to which NDTV and a Cabal will stoop to hide a saga of Money Laundering, Tax Evasion and Stock Manipulation.)
Grand Slam Offer: Pay one time. (No recurring fee. No retainer.) Just cover ad spend. I’ll generate leads and work your leads for you. And only pay me if people show up. And I’ll guarantee you get 20 people in your first month, or you get your next month free. I’ll also provide all the best practices from the other businesses like yours. ● Daily sales coaching for your staff ● Tested scripts ● Tested price points and offers to swipe and deploy ● Sales recordings . . . and everything else you need to sell and fulfill your customers. I’ll give you the entire play book for (insert industry), absolutely free just for becoming a client. In a nutshell, I'm feeding people into your business, showing you, exactly, how to sell them so that you can get the highest prices, which means that you make the most money possible . . . sound fair enough? It’s clear these are drastically different offers . . .  but so what? Where’s the money!? Let’s compare both in the below chart. Breakdown: You spend the same amount of money for the same eyeballs. Then, you get 2.5x more people to respond to your advertisement because it’s a more compelling offer. From there, you close 2.5x as many people because the offer is so much more compelling. From there, you are able to charge a 4x higher price up front. The end result is 2.5 x 2.5 x 4 = 22.4x more cash collected up front. Yes, you spent $10,000 to make $112,000. You just made money getting new customers.
Alex Hormozi ($100M Offers: How To Make Offers So Good People Feel Stupid Saying No)
In late July 1925, International Match sold 450,000 new preferred shares for 45 dollars per share – a full 10 dollars more than the issue just eight months earlier. Including dividends, investors in the previous issue already had profited by almost 30 percent. With that track record, it was easy for Lee Higginson to raise an additional 19.6 million dollars for International Match. After paying expenses and other obligations, about 17 million dollars remained. That was exactly the amount of Ivar’s obligation to Poland. At Ivar’s direction, the cash banked like a billiard ball from International Match to Swedish Match to Garanta to Poland – from New York to Stockholm to Amsterdam to Warsaw. It was a complex transaction, but the pieces seemed to fit. Or did they? Did the money make it through those last steps? Did Ivar initially send Poland only the 6 million dollars that Torsten had agreed to lend, the initial amount that the Polish government had approved? Or did he also send the additional amounts that supposedly were part of his secret agreement with Dr Glowacki, but were not yet approved by the government? No one in America knew, and Ivar intended to keep it that way.
Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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It helped McClendon and Ward that many veteran wildcatters still were licking their wounds from years of troubles, leaving them unable to spend much cash to compete with Chesapeake. The new company often acquired dominant positions in oil and gas fields and told those holding acreage in the area that they had to come up with their share of money to participate in Chesapeake’s drilling or sell their acreage to Chesapeake. It sparked grumbling among landowners who resented having to fork over scarce cash in an economic downturn to drill with young operators with little track record. McClendon
Gregory Zuckerman (The Frackers: The Inside Story of the New Wildcatters and Their Energy Revolution)
Examples for warm-market prospects: “When you told me you (hate your job, need more money, wanted to find a new house, etc.), were you serious or were you just kidding around? (They’ll almost always tell you they were serious.) Great! I think I’ve found a way for you to (get it/solve the problem/make that happen).” This is for situations where you know an area of their dissatisfaction, need or desire. “I think I’ve found a way for us to really boost our cash flow.” “When I thought of people who could make an absolute fortune with a business I’ve found, I thought of you.” “Are you still looking for a job (or a different job)? I found a way for both of us to start a great business without all the risks.” “Let me ask you a question, off the record. If there was a business you could start working part-time from your home that could replace your full-time income, would that interest you?” Examples for cold-market prospects: “Have you ever thought of diversifying your income?” “Do you keep your career options open?” “Do you plan on doing what you’re doing now for the rest of your career?” You can follow these cold market scripts or any variation with the following: “I have something that might interest you. Now’s not the time to get into it but…
Eric Worre (Go Pro - 7 Steps to Becoming a Network Marketing Professional)
With the full record of transactions on the blockchain, the Bitcoin advocates said, it was often possible to identify the people involved in transactions, or at least more possible than it was with transactions involving cash.
Nathaniel Popper (Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money)
How about transparency and honesty? Bill Clinton lied under oath repeatedly during the Monica investigation, to the point of being disbarred and fined. Subpoenaed legal records of Hillary Clinton turned up (too late) mysteriously in the White House. In the latest email scandal, the mystery was not that Hillary set up a stealthy private communication system to facilitate the Clinton scheme of offering foreign zillionaires the opportunity to give money to the family foundation and huge cash speaking fees for Bill, in exchange for likely favorable U.S. government decisions affecting billions of dollars in international trade and commerce — and perhaps the very security of the United States. We expected even that from Hillary Clinton the moment that she assumed office — in the manner that her husband had once pardoned convicted FALN Puerto Rican terrorists in hopes of winning bloc votes for her New York Senate campaign, in addition to snagging money from convicted felons. That Mrs. Clinton refused to sign disclosure forms and to follow government protocols about donations and correspondence, as she promised she would, was also nothing new. But what was novel was Hillary Clinton’s ability to hold a press conference and lie about every single aspect of her email crimes. Everything she said was untrue: from the nature of smart phones and email accounts, to the email habits of other cabinet officers, to the methods of securing a server, to the mix between public and private communications, to the method of adjudicating her behavior. All were untruths offered without a shred of remorse.
Anonymous
Robert Clive, one of the architects of British India, got married in St Mary’s Church. But that was much later. The very first marriage recorded in the register, on 4 November 1680, is that of Elihu Yale with Catherine Hynmer. Yale was the governor of the Fort from 1687 to 1692. It was during his tenure that the corporation for Madras and the post of the mayor were created, and the supreme court, which evolved over time into the present-day Madras high court, was set up. But despite an eventful stint, Yale was sacked because he used his position for private profit—he was engaged in an illegal diamond trade in Madras through an agent called Catherine Nicks. Yet he stayed on in Madras for seven more years, having packed off his wife to England. He lived in the same house with Mrs Nicks, fathering four children with her, and a Portuguese mistress called Hieronima de Paivia, who also bore him a son. He finally returned to London in 1699, an immensely wealthy man. As he busied himself spending the money he had made in India, a cash-starved school in the American colony of Connecticut requested him for a donation. The Yale family had lived in Connecticut for a long time before returning to England in 1652 when Elihu Yale was three years old. So when the college sought financial assistance, he shipped across nine bales of exquisite Indian textiles, 417 books and a portrait of King George I. The school kept the books and raised £562 from his other donations and, in gratitude, decided to rename itself after him. Thus was born Yale University, with the help of ill-gotten wealth amassed in Madras.
Bishwanath Ghosh (Tamarind City)
The whistle-blower handed over bank records, ‘which were the key to revealing an entire global money laundering system, an enormous worldwide network of secret cash payments amounting to literally billions of dollars that had gone on for years with the connivance of the British government’.62
Andrew Feinstein (The Shadow World: Inside the Global Arms Trade)
The task was possible because Erwin had discovered a profitable loophole in the U.S. tax code. Unlike most U.S. businesses, family farms were allowed to use an outdated form of bookkeeping called “cash-basis” accounting. Virtually every other company had to use a different kind, called “accrual” accounting, which better reflected the true profitability of complex corporations. Cash-basis accounting is simple. A company records its expenses only when it pays out the actual cash for them. And it only books income when the actual cash comes in the door. By contrast, companies using accrual accounting methods record their expenses when they sign a contract to pay someone, even if the cash hasn’t actually left their account yet. Farmers were allowed to use cash-basis accounting because it was simpler, and Congress didn’t think small farms had the money to hire accountants for complicated recordkeeping. So a farmer would only record his expenses for seed when he paid for it, and he only booked his income for grain when he cashed the check. Erwin realized the cash-basis tax provision might apply to Tyson Feed and Hatchery. The company employed nearly four hundred people, many of them working in factory conditions in the slaughterhouse, and it invested millions of dollars in industrial plants for the feed mill, hatchery, and fleet of trucks. But Tyson’s sole purpose was producing meat. Don and John Tyson maintained a majority ownership, and they were certainly family. So under U.S. tax code, their multimillion-dollar corporation was a family farm.
Christopher Leonard (The Meat Racket: The Secret Takeover of America's Food Business)
The Importance of Accounting Services for Businesses In today’s competitive business environment, maintaining accurate financial records and ensuring compliance with tax regulations is essential for long-term success. Accounting services provide businesses with the necessary tools and expertise to manage their finances efficiently. Whether for small businesses or large corporations, professional accounting services help streamline financial processes, ensure regulatory compliance, and offer strategic insights for growth. What Are Accounting Services? Accounting services encompass a wide range of tasks, including bookkeeping, financial reporting, tax preparation, payroll management, and auditing. These services are designed to help businesses track their income, expenses, and overall financial health. By outsourcing accounting tasks to professionals, businesses can focus on their core activities while ensuring that their financial operations run smoothly. Additionally, accurate and timely accounting services help businesses avoid costly errors and penalties. Benefits of Professional Accounting Services One of the main advantages of hiring professional accounting services is the accuracy they bring to financial management. Skilled accountants have a deep understanding of financial regulations and tax laws, ensuring that businesses remain compliant. Moreover, accountants can identify tax-saving opportunities, helping businesses reduce their tax liabilities. This level of expertise allows businesses to save time and money, as they no longer need to navigate complex financial tasks on their own. Strategic Financial Planning In addition to managing day-to-day financial tasks, accounting services play a crucial role in strategic financial planning. Accountants analyze a company’s financial data to provide valuable insights into cash flow, profitability, and potential areas for improvement. This data-driven approach enables business owners to make informed decisions, allocate resources efficiently, and plan for future growth. Compliance and Risk Management Compliance with financial regulations is vital for businesses to avoid legal and financial risks. Accounting services ensure that all financial documents are in order, tax filings are accurate, and deadlines are met. By maintaining accurate records and staying up to date with tax laws, businesses can reduce the risk of audits and penalties. In conclusion, accounting services are an essential component of successful financial management for businesses of all sizes. By providing accurate financial reporting, strategic insights, and ensuring compliance, professional accountants enable businesses to focus on growth and sustainability.
sddm
How do accountants measure the value of assets? For most fixed and long-term assets, such as land, buildings, and equipment, they begin with what you originally paid for the asset (historical cost) and reduce that value for the aging of the asset (depreciation or amortization). For short-term assets (current assets), including inventory (raw materials, works in progress, and finished goods), receivables (summarizing moneys owed to the firm), and cash, accountants are more amenable to the use of an updated or market value. If a company invests in the securities or assets of another company, the investment is valued at an updated market value if the investment is held for trading and historical cost when it is not. In the special case where the holding comprises more than 50 percent of the value of another company (subsidiary), the firm must record all of the subsidiary's assets and liabilities on its balance sheet (this is called consolidation), with a minority interest item capturing the percentage of the subsidiary that does not belong to it. Finally, you have what are loosely categorized as intangible assets. While you would normally consider items such as brand names, customer loyalty, and a well-trained work force as intangible assets, the most encountered intangible asset in accounting is goodwill. When a firm acquires another firm, the price it pays is first allocated to the existing assets of the acquired firm. Any excess paid becomes goodwill and is recorded as an asset.
Aswath Damodaran (The Little Book of Valuation: How to Value a Company, Pick a Stock, and Profit (Little Books. Big Profits))
Roger and I constructed the tape loop for ‘Money’ in our home studios and then took it in to Abbey Road. I had drilled holes in old pennies and then threaded them on to strings; they gave one sound on the loop of seven. Roger had recorded coins swirling around in the mixing bowl Judy used for her pottery, the tearing paper effect was created very simply in front of a microphone and the faithful sound library supplied the cash registers. Each sound was first measured out on the tape with a ruler before being cut to the same length and then carefully spliced together.
Nick Mason (Inside Out: A Personal History of Pink Floyd (Reading Edition): (Rock and Roll Book, Biography of Pink Floyd, Music Book))
trial and error. Other experimenters recorded the visual fields of target subjects exposed to the color red. Trainees who learned, through feedback, to approximate that same neural activity reported seeing red in their mind’s eye. Since those days, the field had shifted from visual learning to emotional conditioning. The big grant money was going to desensitizing people with PTSD. DecNef and Connectivity Feedback were being touted as treatments to all kinds of psychiatric disorders. Marty Currier worked on clinical applications. But he was also pursuing a more exotic side-hustle. “Why not?” I told my wife. And so we volunteered in her friend’s experiment. IN THE RECEPTION AREA OF CURRIER’S LAB, Aly and I chuckled over the entrance questionnaire. We would be among the second wave of target subjects, but first we had to pass the screening. The questions disguised furtive motives. HOW OFTEN DO YOU THINK ABOUT THE PAST? WOULD YOU RATHER BE ON A CROWDED BEACH OR IN AN EMPTY MUSEUM? My wife shook her head at these crude inquiries and touched a hand to her smile. I read the expression as clearly as if we were wired up together: The investigators were welcome to anything they discovered inside her, so long as it didn’t lead to jail time. I’d given up on understanding my own hidden temperament a long time ago. Lots of monsters inhabited my sunless depths, but most of them were nonlethal. I did badly want to see my wife’s answers, but a lab tech prevented us from comparing questionnaires. DO YOU USE TOBACCO? Not for years. I didn’t mention that all my pencils were covered with bite marks. HOW MUCH ALCOHOL DO YOU DRINK A WEEK? Nothing for me, but my wife confessed to her nightly Happy Hour, while plying the dog with poetry. DO YOU SUFFER FROM ANY ALLERGIES? Not unless you counted cocktail parties. HAVE YOU EVER EXPERIENCED DEPRESSION? I didn’t know how to answer that one. DO YOU PLAY A MUSICAL INSTRUMENT? Science. I said I might be able to find middle C on a piano, if they needed it. Two postdocs took us into the fMRI room. These people had way more cash to throw around than any astrobiology team anywhere. Aly was having the same thoughts
Richard Powers (Bewilderment)
No publisher. No agent. They had told him that sales had not been good. Markets had changed. Same old shit. Well, fuck them. Fuck them all. Something different was needed, apparently. Something original but easily pigeon-holed. Books by celebrities were very popular. Models, second-rate comedians, has-been soap stars (those that weren’t trying to make it in the music business), even footballers were writing books. Any talentless cunt with enough money to pay a ghost-writer and a good editor was capable of churning out a book and earning shit-loads of cash for it. And then there were the household names who milked their own brand of repetitious bullshit while fawning publishers knelt at their feet to push ever-larger cheques into their grasping hands. Add to these the comfortable middle-class writers who lectured on real life from the security of knowing it was a world they would never have to inhabit. People with millions in the bank who crowed that money wasn’t everything, who complained about invasion of privacy during their six-page interviews, who were proud of how they’d been single mothers or record-shop employees or advertising men before they’d made it big. And who whined about how hard they’d had to work to get published when all it took was a generous publisher and an even more generous publicity department. Ward despised them all. Even when he’d been successful he’d despised them. The whole fucking business stank. It stank of cowardice. Of duplicity. Of betrayal.
Shaun Hutson (Hybrid (Heathen, #2))
From what Steel was learning, the language of the deals made them look less like aboveboard legal transactions and more like cover-ups. The agreements included one restrictive clause after another. The women were obliged to turn over all their evidence—audio recordings, diaries, emails, backup files, any other shred of proof—to O’Reilly and his lawyers. They and in one case their attorneys were prohibited from helping any other women who might have similar claims against the host. If they received subpoenas compelling them to talk, they were required to notify O’Reilly and his team, who could fight their being called to testify. The lawyer for one of the women agreed to switch sides, to “provide legal advice to O’Reilly regarding sexual harassment matters,” according to the language of the agreement. Another of the alleged victims promised never to make disparaging statements about O’Reilly or Fox News, “written or oral, direct or indirect,” and not to respond—ever—to any journalists who might contact her about the matter. As part of the deal, she confirmed that she had not filed a complaint with any of the government agencies responsible for fighting sexual harassment, including the EEOC. In return, one alleged victim received about $9 million, and another got $3.25 million. If either woman violated any of these clauses, she could lose the money. Whatever O’Reilly had or hadn’t done to the women was thus dropped down a deep well, never to be recovered. Cash for silence; that was the deal.
Jodi Kantor (She Said: Breaking the Sexual Harassment Story That Helped Ignite a Movement)
Nearly every Aretha gig that I booked,” said Dick Alen of the William Morris Agency, “required that of her total fee, she had to have twenty-five thousand in cash before she went onstage. That was the money she used to make her payroll. She deducted no taxes and made no records. I’d beg her to implement some system of documentation, but she refused. I knew that eventually there’d be hell to pay from the IRS.
David Ritz (Respect: The Life of Aretha Franklin)
Today, in 2020, I cannot see the future, but my instincts tell me that we are going to experience a replay of the first Great American Depression of the 1930’s, and that it will happen before the 100 year anniversary of that last one. (Keep in mind the uselessness of such personal premonitions) (Update September 2020 in light of record setting stock market valuations (for some companies) while economies were still under water) The above made so little sense, it became possible to imagine that certain companies had a pipeline to free Federal reserve cash.
Larry Elford (Farming Humans: Easy Money (Non Fiction Financial Murder Book 1))
One clue to a good rental market: properties being snatched up for cash, which indicates investors. You can do a search at the local courthouse (part of the public record) to find out whether homes in the area have been selling for cash.
Michele Cagan (Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses, an Essential Primer on How to Make Money with Real Estate (Adams 101 Series))
At the time, companies everywhere could only be created by the explicit consent of the government, and they were always created to end after a fixed amount of time. The government gave the VOC a charter to operate for twenty-one years. Investors had the option of cashing out after ten years, but even that was a long time to wait. So in Amsterdam the directors of the VOC added a single line to the first page of the company register, the book where they recorded everyone’s investments: “conveyance or transfer may be done through the bookkeeper of this chamber.” In other words, if you want your money back before ten years have passed, you can sell your investment, your share of the company, to anyone who wants to buy it. This one line had a huge impact—not just on the VOC, but on the whole history of money.
Jacob Goldstein (Money: The True Story of a Made-Up Thing)
Watson had been at the nerve center of the Ring. Indeed, if there was “magic” to the Ring, Watson was the unseen assistant who made it work, and as with most grand deceptions the secret was extremely simple. Watson merely required everyone who received a contract from the city to increase his bills before submitting them by 50 to 65 per cent. Watson paid the face amount of the bill, then the contractor returned the overcharge in cash, and Watson, like a dutiful paymaster, handed it out within the Ring. Among New York contractors it was commonly said, “You must do just as Jimmy tells you, and you will get your money.” Anyone who knew a little bookkeeping could look at Watson’s voucher records and see what was going on. O’Rourke, for example, judged from what he saw that the Ring had made off with $75 million since 1869.
David McCullough (The Great Bridge: The Epic Story of the Building of the Brooklyn Bridge)
In the publication, the States’ Rights Party alluded to the El Paso arrest and urged its readers to boycott Cash’s recordings, claiming, “Money from the sale of [Cash’s] records goes to scum like Johnny Cash to keep them supplied with drugs and negro women.” The article even referred to Cash’s “mongrelized” children. Reprints were widely circulated.
Robert Hilburn (Johnny Cash: The Life)
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