Payable Quotes

Worry is the interest on a debt that may never become payable.

I am a Veteran, as are most of my personal friends. A Veteran is someone, who at one point in their life, wrote a blank check payable to the United States of America for an amount up to, and including, their life. Regardless of personal or political views, there are way too many people in this country who no longer remember that fact...

The wizards held that, as servants of a higher truth, they were not subject to the mundane laws of the city. The Patrician said that, indeed, this was the case, but they would bloody well pay their taxes like everyone else. The wizards said that, as followers of the light of wisdom, they owed allegiance to no mortal man. The Patrician said that this may well be true but they also owed a city tax of two hundred dollars per head per annum, payable quarterly. The wizards said that the University stood on magical ground and was therefore exempt from taxation and anyway you couldn’t put a tax on knowledge. The Patrician said you could. It was two hundred dollars per capita; if per capita was a problem, de-capita could be arranged.

There is a club in this world that you do not join knowingly. One day you are just a member. It is “The life changing events club.” The fee to join the club is hurt beyond belief, payable in full, up front for a lifetime membership. The benefit of the club is a new found perspective on life, and a deep understanding that you may not be happy about your current situation, but you can be happy in your current situation. The only rule to the club is that you cannot tell anyone that you are a member. The club does not provide a directory of its members, but when you look into a member’s eye, you can tell that they too are part of the club. Members are allowed to exchange that brief eye contact that says: “I didn’t know.” Being a member of this club is the last thing that anyone initially wants in their life. Being a member of this club is the best thing that ever happens to a person in their life, and there is not a person in the club that would ever give up their membership. If you really look and know what you are looking for you can spot the clubs members; they are the ones that provide a random act of kindness and do something for someone who can never repay them for what they have done. They are the people spreading joy and optimism and lifting people’s spirits even when their own heart has been broken. I have paid my dues; my lifetime membership arrived today, not by mail, but by a deep inner feeling that I cannot describe. It is the best club that I never wanted to be part of. But I am glad that I am a member.

Every GI signs a blank check, payable to the United States, drawn in an amount up to and including his life.

The Power of the Dog by Rudyard Kipling There is sorrow enough in the natural way From men and women to fill our day; And when we are certain of sorrow in store, Why do we always arrange for more? Brothers and Sisters, I bid you beware Of giving your heart to a dog to tear. Buy a pup and your money will buy Love unflinching that cannot lie-- Perfect passion and worship fed By a kick in the ribs or a pat on the head. Nevertheless it is hardly fair To risk your heart for a dog to tear. When the fourteen years which Nature permits Are closing in asthma, or tumour, or fits, And the vet's unspoken prescription runs To lethal chambers or loaded guns, Then you will find--it's your own affair-- But ... you've given your heart to a dog to tear. When the body that lived at your single will, With its whimper of welcome, is stilled (how still!). When the spirit that answered your every mood Is gone--wherever it goes--for good, You will discover how much you care, And will give your heart to a dog to tear. We've sorrow enough in the natural way, When it comes to burying Christian clay. Our loves are not given, but only lent, At compound interest of cent per cent. Though it is not always the case, I believe, That the longer we've kept 'em, the more do we grieve: For, when debts are payable, right or wrong, A short-time loan is as bad as a long-- So why in--Heaven (before we are there) Should we give our hearts to a dog to tear?

The relationship between the University and the Patrician, absolute ruler and nearly benevolent dictator of Ankh-Morpork, was a complex and subtle one. The wizards held that, as servants of a higher truth, they were not subject to the mundane laws of the city. The Patrician said that, indeed, this was the case, but they would bloody well pay their taxes like everyone else. The wizards said that, as followers of the light of wisdom, they owed allegiance to no mortal man. The Patrician said that this may well be true but they also owed a city tax of two hundred dollars per head per annum, payable quarterly. The wizards said that the University stood on magical ground and was therefore exempt from taxation and anyway you couldn't put a tax on knowledge. The Patrician said you could. It was two hundred dollars per capita; if per capita was a problem, decapita could be arranged. The wizards said that the University had never paid taxes to the civil authority. The Patrician said that he was not proposing to remain civil for long. The wizards said, what about easy terms? The Patrician said he was talking about easy terms. They wouldn't want to know about the hard terms. The wizards said that there was a ruler back in , oh, it would be the Century of the Dragonfly, who had tried to tell the University what to do. The Patrician could come and have a look at him if he liked. The Patrician said that he would. He truly would In the end it was agreed that while the wizards of course paid no taxes, they would nevertheless make an entirely voluntary donation of, oh, let's say two hundred dollars per head, without prejudice, mutatis mutandis, no strings attached, to be used strictly for non-militaristic and environmentally-acceptable purposes.

For the outward world is subjected to the law of imperfection, and again and again the experience is repeated that he too who does not work gets the bread, and that he who sleeps gets it more abundantly than the man who works. In the outward world everything is made payable to the bearer, this world is in bondage to the law of indifference, and to him who has the ring, the spirit of the ring is obedient, whether he be Noureddin or Aladdin, and he who has the world's treasure, has it, however he got it. It is different in the world of spirit. Here an eternal divine order prevails, here it does not rain both upon the just and upon the unjust, here the sun does not shine both upon the good and upon the evil, here it holds good that only he who works gets the bread, only he who was in anguish finds repose, only he who descends into the underworld rescues the beloved, only he who draws the knife gets Isaac.

Today is August 4, 2026,” said a second voice from the kitchen ceiling, “in the city of Allendale, California.” It repeated the date three times for memory’s sake. “Today is Mr. Featherstone’s birthday. Today is the anniversary of Tilita’s marriage. Insurance is payable, as are the water, gas, and light bills.

Each one, then, should love his life, even though it be not very attractive, for it is the only life. It is a boon that will never return and that each person should tend and enjoy with care; it is one's capital, large or small, and can not be treated as an investment like those whose dividends are payable through eternity. Life is an annuity; nothing is more certain than that. So that all efforts are to be respected that tend to ameliorate the tenure of this perishable possession which, at the end of every day, has already lost a little of its value. Eternity, the bait by which simple folk are still lured, is not situated beyond life, but in life itself, and is divided among all men, all creatures. Each of us holds but a small portion of it, but that share is so precious that it suffices to enrich the poorest. Let us then take the bitter and the sweet in confidence, and when the fall of the days seems to whirl about us, let us remember that dusk is also dawn.

I told such a man the other day that I had got a Canada lynx here in Concord, and his instant question was, “Have you got the reward for him?” What reward? Why, the ten dollars which the State offers. As long as I saw him he neither said nor thought anything about the lynx, but only about this reward. “Yes,” said he, “this State offers ten dollars reward.” You might have inferred that ten dollars was something rarer in his neighborhood than a lynx even, and he was anxious to see it on that account. I have thought that a lynx was a bright-eyed, four-legged, furry beast of the cat kind, very current, indeed, though its natural gait is by leaps. But he knew it to be a draught drawn by the cashier of the wildcat bank on the State treasury, payable at sight. Then I reflected that the first money was of leather, or a whole creature (whence pecunia, from pecus, a herd), and, since leather was at first furry, I easily understood the connection between a lynx and ten dollars, and found that all money was traceable right back to the original wildcat bank.

President and Chief Operating Officer (COO), accountable for the overall achievement of the Strategic Objective and reporting to the SHAREHOLDERS who include, on an equal basis, Jack and Murray. • Vice-President/Marketing, accountable for finding customers and finding new ways to provide customers with the satisfactions they derive from widgets, at lower cost, and with greater ease, and reporting to the COO. • Vice-President/Operations, accountable for keeping customers by delivering to them what is promised by Marketing, and for discovering new ways of assembling widgets, at lower cost, and with greater efficiency so as to provide the customer with better service, reporting to the COO. • Vice-President/Finance, accountable for supporting both Marketing and Operations in the fulfillment of their accountabilities by achieving the company’s profitability standards, and by securing capital whenever it’s needed, and at the best rates, also reporting to the COO. • Reporting to the Vice-President/Marketing are two positions: Sales Manager and Advertising/Research Manager. • Reporting to the Vice-President/Operations are three positions: Production Manager, Service Manager, and Facilities Manager. • Reporting to the Vice-President/Finance are two positions: Accounts Receivable Manager and Accounts Payable Manager.

let my thoughts be bestowed on her who has shown so much devotion for me. Madame de Belliere ought to be there by this time," he said, as he turned towards the secret door. After he had locked himself in, he opened the subterranean passage, and rapidly hastened towards the means of communicating between the house at Vincennes and his own residence. He had neglected to apprise his friend of his approach, by ringing the bell, perfectly assured that she would never fail to be exact at the rendezvous; as, indeed, was the case, for she was already waiting. The noise the superintendent made aroused her; she ran to take from under the door the letter he had thrust there, and which simply said, "Come, marquise; we are waiting supper for you." With her heart filled with happiness Madame de Belliere ran to her carriage in the Avenue de Vincennes, and in a few minutes she was holding out her hand to Gourville, who was standing at the entrance, where, in order the better to please his master, he had stationed himself to watch her arrival. She had not observed that Fouquet's black horse arrived at the same time, all steaming and foam-flaked, having returned to Saint-Mande with Pelisson and the very jeweler to whom Madame de Belliere had sold her plate and her jewels. Pelisson introduced the goldsmith into the cabinet, which Fouquet had not yet left. The superintendent thanked him for having been good enough to regard as a simple deposit in his hands, the valuable property which he had every right to sell; and he cast his eyes on the total of the account, which amounted to thirteen hundred thousand francs. Then, going for a few moments to his desk, he wrote an order for fourteen hundred thousand francs, payable at sight, at his treasury, before twelve o'clock the next day. "A hundred thousand francs profit!" cried the goldsmith. "Oh, monseigneur, what generosity!" "Nay, nay, not so, monsieur," said Fouquet, touching him on the shoulder; "there are certain kindnesses which can never be repaid. This profit is only what you have earned; but the interest of your money still remains to be arranged." And, saying this, he unfastened from his sleeve a diamond button, which the goldsmith himself had often valued at three thousand pistoles.

Leonard H. Stringfield 1)Retrievals of the Third Kind: A Case Study of Alleged UFOs and Occupants in Military Custody. The first formal research paper presented publicly on the subject of UFO crash/retrievals at the MUFON Symposium, Dayton, Ohio, July, 1978. Original edition, dated April, 1978, was published in MUFON Proceedings (1978). Address: MUFON, 103 Oldtowne Road, Seguin, Texas 78155. If available, price___________. 2)Retrievals of the Third Kind: A Case Study of Alleged UFOs and Occupants in Military Custody,Status Report I. Revised edition, July, 1978, word processed copy, 34 pages. Available at author's address. See below. Price, USA___________. 3)UFO Crash/Retrieval Syndrome, Status Report II. Published by MUFON. Flexible cover, typeset, illustrations, 37 pages. Available only at MUFON address: 103 Oldtowne Road, Seguin, Texas 78155. Price, USA___________. 4)UFO Crash/Retrievals: Amassing the Evidence, Status Report III, June 1982; flexible cover, typeset, illustrations, 53 pages. Available from author's address. See below. Price, USA___________. 5)The Fatal Encounter at Ft. Dix -- McGuire: A Case Study, Status Report IV, June, 1985. Paper presented at MUFON Symposium, St. Louis, Missouri, 1985. Xeroxed copy, 26 pages. Available at author's address. See below. Price, USA___________. 6)UFO Crash/Retrievals: Is the Coverup Lid Lifting? Status Report V. Published in MUFON UFO Journal, January, 1989, with updated addendum. Xeroxed copy, 23 pages. Available at author's address. See below. Price, USA___________. 7)Inside Saucer Post, 3-0 Blue. Book privately published, 1957. Review of author's early research and cooperative association with the Air Defense Command Filter Center, using code name, FOX TROT KILO 3-0 BLUE. Flexible cover, typeset, illustrations, 94 pages. Available from author's address. See below. Price, USA___________. 8)Situation Red: The UFO Siege. Hardcover book published by Doubleday & Co., 1977. Paperback edition published by Fawcett Crest Books, 1977. Also foreign publishers. Out of print, not available. 9)Orbit Newsletter, published monthly, 1954-1957, by author for international sale and distribution. Set of 36 issues. Some issues out of stock, duplicated by xerox. Available at author's address -- see below. Price of set, USA___________. 10)UFO Crash/Retrievals: The Inner Sanctum, Status Report VI, July, 1991; flexible cover, book length, 81.000 words, 142 (8-1/2 X 11) pages, illustrated. Privately published. Available from author's address. See below. Price, USA___________. Prices include postage and handling. Mailings to Canada, add 500 for each item ordered. All foreign orders, payable U.S. funds, International money order or draft on U.S. Bank. Recommend Air Mail outside U.S. territories. Check on price. Leonard H. Stringfield 4412 Grove Avenue Cincinnati, Ohio 45227 USA Telephone: (513) 271-4248

All purchases made on client’s behalf will be billed to client. In all cases, such prices will reflect a markup of ___%. Charges for sales tax, insurance, storage, and shipping and handling are additional to the price of each purchase. In the event client purchases materials, services, or any items other than those specified by the designer, the designer is not liable for the cost, quality, workmanship, condition, or appearance of such items. Schedule of Payment Hourly Rate: Regular billing periods (bimonthly, monthly) based on hours consumed or periodic approval points. Fee Billing: ___ percent upon project commencement, ___ percent following completion of concept development, ___ percent upon completion of design development, ___ percent upon completion of production, ___ percent upon completion of implementation. Invoices are payable upon receipt. Termination Policy Client and Designer may terminate project based upon mutually agreeable terms to be determined in writing, either prior to signing of this proposal or within the final Client-Designer Contract. Term of Proposal The information contained in this proposal is valid for 30 days. Proposals approved and signed by the Client are binding upon the Designer and Client beginning on the date of Client’s signature. If the information in this Proposal meets with Client’s approval, Client’s signature below authorizes Designer to begin work. Kindly return a signed copy of this Proposal/Agreement to Designer’s office. Designer Signature _____________ Print Designer Name _____________ Date _____________ Client Signature _____________ Print Client Name _____________ Date _____________

Ford actually figured out how much money to set aside for accounts payable each month by weighing its bills on a scale.

Awards may be payable in any of the following: 1) A case in which there was prosecution, stay of prosecution, exemption of prosecution, noticed disposition of

To break his spirit, the village officials and the collective farm organizers hesitated at nothing The most powerful weapon in their hands was the tax. They levied taxes payable in kind and money. Every time Shost thought he had paid all that was required, more items were taxed, and more of the produce of this hand was taken from him. Finally, the day came when he had no more money or grain.

Central Excise 2.3 Central Excise Duty is levied by the Central Government under the Central Excise Act, 1944. The levy is on all goods manufactured and produced in India, which are specified in the schedule to the Central Excise Tariff Act subject to certain exemptions. The effective rate may vary from product to product though most goods are subject to excise duty at 10% (without education cess). As manufacturer, credit is allowed on excise duty and countervailing duty paid on inputs and capital goods and the service tax paid on input service. The credit is allowed as a setoff against the excise duty payable on the output. Cross credit utilisation between credit of service tax and excise duty has been enabled w.e.f.10.9.2004. Service tax 2.4 Service tax is levied by the Central Government under Chapter V and Chapter VA of Finance Act, 1994. Service tax is levied on specified services, referred to as taxable services, when rendered by a service provider. Service tax is presently taxed at 10% (without education cess).Ordinarily, service tax is payable by the service provider, except in specified cases. As service provider, credit is allowed on excise duty and countervailing duty paid on inputs and capital goods and the service tax paid on input service. The credit is allowed as a set-off against the service tax payable on taxable services. VAT & CST 2.5 Value Added Tax (VAT) is levied by the State Governments on transfer of property in goods from one person to another, when such transfer is for cash, deferred payment or other valuable consideration. VAT is also payable on certain transactions that are deemed to be sale such as transfer of right to use goods, hire purchase and sale by instalments, works contract and sale of food and drink as a part of rendering of any service. 2.6 Local VAT is payable when goods are sold within the State and Central Sales Tax (CST) is payable when sale occasions the movement of goods 4

tax payable exceeds TDS by more than 10,000, advance tax is to be paid on or before 15th September (30% of tax payable), 15th December (60% of tax payable) and 15th March (100% of tax payable). The due date and % limit is for all persons except a company. A company needs to pay advance tax on or before June 15, September 15, December 15 and March 15 for 15%, 45% 75% and 100% of tax payable respectively. If the advance tax is not paid by the due dates, interest @ 1% per month or part of a month will apply.

Hi, Hope you doing well. I am jinendra Shah, Manager at Rayvat Account Outsourcing. I am a qualified Chartered Accountant from Institute of Chartered Accountants of India. We provide Bookkeeping services, Receivable management Services, Account payable services and Financial services. Also we provide Accounting services on Various Software depending on the client needs. $10 per hour Only Cost Effective Solutions: We excel in delivering cost effective and practical solutions to our clients. We can save significantly on client cost. We give around 30 to 40% cost savings in cost for our clients at the same time you can get access to our trained pool of staff in India.

XYZ Consulting takes out a loan with its bank. The loan will not appear on the income statement, as the transaction is neither a revenue item nor an expense item. It is simply an increase of an asset (Cash) and a liability (Notes Payable). However, because it’s a cash inflow, the loan will appear on the cash flow statement.

Current liabilities are the company’s obligations that are due within 12 months. The most basic current liabilities are accounts payable, accrued expenses, current portion of long-term debt, and income taxes payable.

One company’s accounts receivable under assets is another company’s accounts payable under liabilities.

Accrued expenses are obligations to pay for products or services that are already received but for which an invoice has not been received. Once an invoice is received, an accrued expense becomes an account payable.

The more ambitious the OKR, the greater the risk of overlooking a vital criterion. To safeguard quality while pushing for quantitative deliverables, one solution is to pair key results—to measure “both effect and counter-effect,” as Grove wrote in High Output Management. When key results focus on output, Grove noted: [T]heir paired counterparts should stress the quality of [the] work. Thus, in accounts payable, the number of vouchers processed should be paired with the number of errors found either by auditing or by our suppliers. For another example, the number of square feet cleaned by a custodial group should be paired with a . . . rating of the quality of work as assessed by a senior manager with an office in that building.

The most popular form is based on: • Using a market index strategy, but emphasizing growth stocks and holding lower-yielding equities, in order to minimize the tax burden on income. • Realizing, to the maximum possible extent, losses on the sale of portfolio holdings that have declined (a practice known as “harvesting losses”), and thereby offsetting realized gains when they occur. • Replacing the holdings sold at a loss after 30 days. (During the interim, their absence from the portfolio could engender a small lack of precision in matching the index.) • Limiting its shareholder base to investors with a long-term focus by charging a penalty—a transaction fee, payable to the fund and its remaining shareholders—if shares are redeemed within five years of purchase. Such a penalty is designed to minimize the possibility of abrupt share redemptions. • Maintaining the same rock-bottom costs that characterize the lowest-cost index funds.

was zero in 1914; a year after the end of World War I, it was 50%. Canada introduced income tax in 1917 as a “temporary” measure to finance the war, and then expanded it dramatically during World War II with a flat 20% surtax imposed on all income tax payable by persons other than corporations and the

the annual rent the property commanded was a single red rose, payable at midsummer.

Few businesses record each individual expense payment or each individual sale in the general ledger. Instead businesses have subledgers for key accounts, known as control accounts, including the Accounts Payable and Accounts Receivable accounts. Working

Our Software services are Maintain Supplier information and any type of trading business for managing your inventory, purchases, sales, account receivables and payables. You can try First my free versions.

Shah Bano, a sixty-two-year-old Muslim mother of five from Indore, had been divorced by her husband in 1978. She filed a criminal suit in the Supreme Court, in which she won the right to alimony from her husband. This was a landmark secular judgment in which the court decided that maintenance was payable even if it were in conflict with Muslim personal law—Sharia. India seemed to be moving towards a uniform civil code—one that did not distinguish between Hindu, Muslim, Christian or Sikh.

And in 1694, the last year of his life, he was allowed to see one thing more. In that year, after much discussion, the city of London gained a new institution. Financed by a number of prominent London merchants, it was a joint stock bank. Its function was to finance long-term government debt by issuing bonds on which interest was payable. They called it the Bank of London.

groomed, and fed the family dog for years." A very common occurrence. "Reason for leaving last job: Pushed aside so the vice president's girlfriend could steal my job." Not a great experience then? "Previous experience: Self-employed -- a fiasco." And a poodle when it comes to modesty. "I am a pit bull when it comes to analysis."  Yeah and I am the Queen of England. "I am the king of accounts payable reconciliation." Travelling hobo. "Work history: Bum. Abandoned belongings and led nomadic lifestyle." Perhaps you need a mop for the floor? "I like slipping and sliding around behind the counter and controlling the temperature of the food." Sshhh, people maybe listening. .."Reason for leaving last job: The owner gave new meaning to the word 'paranoia.' I prefer to elaborate privately." It just has. "My ruthlessness terrorized the competition and can sometimes offend." Don't we all. "I love dancing and throwing parties." Wow, that quick. "I am quick at typing, about 25 words per minute.

Capture the Quantitative Impact of Your Accomplishments Examine everything you’ve done, but don’t merely report what you’ve done. Report the quantitative impact, that is, the numbers that resulted from your achievement. That’s what hiring managers care about most. For example: When I was in school, I worked in the University’s Personnel department. During my time there, the Director asked if I could explain a monthly report she received from Accounts Payable. The report identified everything charged to Personnel. Unfortunately, neither the Director nor her team could understand what it was saying. After some analysis and research, I was able to translate the confusing report into something the Director could understand. What I did not do was ask the Director and her team for the financial impact of now being able to understand the report. While what I did was a valuable story to share at my next interview, it would have meant a lot more if I’d identified the dollars saved or some other quantified impact. As noted earlier, a few years later, I worked for a high-tech company that sold equipment to Fortune 500 firms. The company wasn’t winning the large deals like they had in the past, so I was asked to investigate. I identified the process breakdown causing the problem. I also created a short-term solution, so that the company could start winning bids again while the long-term solution was being developed. What I did not do — and almost have to kick myself now for not doing — was to ask for the value of the deals we were now winning. Those $$$ would have clearly explained the positive impact of my work. It would have been a wonderful talking point in my resume. After my job was eliminated for the second time in 13 years, I started doing a better job of quantifying the impact of my accomplishments.

Some areas of opportunity: •   First, stop saying, “Well, this is just the way it is in our industry.” •   Have your available cash reported DAILY, with a short explanation of why it changed in the last 24 hours, and chart it against accounts receivable (AR) and accounts payable (AP) weekly. You’ll learn so much more about your business when you see how the cash is flowing on a daily basis. •   If you want to be paid sooner, ask. Small firms are finding that large companies (and governments!!) will pay considerably faster or even prepay if they simply ask, ask, ask, ask, and ask some more. •   Give value back to customers who pay on time or in advance. •   Get your invoices out more quickly. Hire one more person in accounting to do nothing but make sure invoicing is timely and follow up on payments. •   Send friendly reminders five days before the deadline that payments are due. Many customers are disorganized and will appreciate the reminders, resulting in faster payment. •   If invoices are recurring, obtain recurring credit card authorization from your customers to automate on-time payments. •   Understand why your clients are paying late. They might be unhappy with your product or service. Or perhaps an invoice has recurring mistakes, or it is not structured to flow through the customer’s automated invoicing system. •   Understand each customer’s payment cycles, and time your billings to coincide. •   Pay many of your own expenses with a credit card so you can play the float. Get your own customers to pay by credit card, so they can pay you quickly even if their cash flow is slow. •   Help your customers improve their cash flow so they can pay you on time. Offer them leasing options, for instance. •   Shorten cycles for delivery of your product or service. All of you have some kind of “work in progress.” The faster you complete projects, the faster you get paid. •   Offer a product or service so valuable that you have some leverage with your customers to get them to pay sooner. • Remember, improving margins and profit improves cash.

Karma is like interest; on the balance of good or bad deeds, receivable or payable; in the end, either it pays you back or you have to pay it back.

PLUS” was another acronym—for Peso-Linked U.S. Dollar Secured Notes—and since March 1993 PLUS Notes had been the rage in Mexico. PLUS Notes were Mexican derivatives denominated and payable in U.S. dollars, and offered both Mexican banks and U.S. buyers an investment they never imagined was possible. The firm’s first Mexican derivatives transaction—the $500 million PLUS Capital Company, Ltd., known in the market simply as PLUS I—had been pathbreaking and was cited in countless seminars as a nearly perfect derivatives deal. Though this deal may seem too esoteric for the average individual investor, it isn’t. In fact, if you owned a mutual fund in the past five years, especially one that invested internationally, it’s very likely that you owned a piece of either this Mexican deal or one just like it.

(i)A state legislature can impose taxes on professions, trades, callings and employments. But, the total amount of such taxes payable by any person should not exceed 2,500 per annum.15

In contrast, a new vehicle that brings in cash on the explicit basis that it may be invested in perpetuity could “structure away” this issue, and the associated management fees would be payable for as long as the firm and the investor are in business. And, of course, there would be performance-related fees on top, too. There will be some variation of Two and Twenty still payable—but with investors’ money locked up under management by the firm. These investment platforms are known as “permanent capital” or “perpetual capital” and they are often publicly listed.

Ivar and Lee Higginson decided to have International Match issue new securities called convertible gold debentures. “Debenture” was just a fancy term for “bond” – debentures were a fixed claim on interest payments by the corporation plus a return of the principal amount on the maturity date, which in this case would be twenty years. Debentures had a limited upside, but were safer than shares. These “gold” debentures were safer still, because they were payable in either dollars or gold, at the holder’s option. If International Match became bankrupt, holders of debentures would be repaid first, before shareholders received any money. These debentures gave investors the right to receive annual interest payments of 6.5 percent from International Match, an attractive rate at the time.

A promise from God may very instructively be compared to a cheque payable to order. It is given to the believer with the view of bestowing upon him some good thing. It is not meant that he should read it over comfortably, and then have done with it. No, he is to treat the promise as a reality, as a man treats a cheque.23

Credit extension, invoicing policy, payable policy, dealing with customers, and negotiating with suppliers, banks, and internal staff are all management disciplines that have a direct impact on the cash cycle.

Birth into fortune is no achievement. Achievement comes when those with silver spoons remember that they owe life a debt payable by sharing with those without spoon.

After many years of investing, I realized that I needed to focus as much, if not more, on the company’s balance sheet. Receivables, inventory, payables, fixed assets. And most important of all, debt. Corporate finance theory has a thing for leverage. For those of you who are not familiar with it, finance academics claim that companies need to have an “optimal” level of leverage to improve returns.18 If a company can borrow money to purchase assets, its return on equity and earnings per share should improve. Mathematically, this is undoubtedly true. Realistically, this is undoubtedly dangerous.

There are three key financial statements that are made up of 5 main elements. These elements include: 1. Assets: Assets are items of value that are owned by the company. Items that can be listed under assets include cash, equipment, real estate, etc. 2. Liabilities: These are items that decrease the net worth of the business. In other words, liabilities are what the company owes other companies, individuals, or investors. Liabilities include items such as accounts payable, long term and short term loans, etc. 3. Equities: These refer to cash or cash equivalents that are used to represent the ownership of the company. The term equity, as used in accounting, determines the value of the company and its ownership. 4. Revenues: Revenue is one component of financial statements that mainly appears on the income sheet and the cash flow statement. Revenue represents all the money that is earned by a business over a given trading period. The revenue of a business can vary from one accounting period to another. The revenue of a business determines the net income of business after expenses have subtracted. 5. Expenses: The expenses of a business are usually used in preparing the income sheet and the cash flow statement. Expenses represent the ways a company uses its funds. Among the expenses include direct expenses such as the cost of goods sold and indirect expenses such as rent and taxes.

I need to speak to Accounts Payable," a caller asked one day. `Just a minute, please," Dubinsky said. She put the caller on hold, waited for a few seconds, and then picked up the line again. "Accounts Payable, may I help you?

The more ambitious the OKR, the greater the risk of overlooking a vital criterion. To safeguard quality while pushing for quantitative deliverables, one solution is to pair key results, to measure both effect and counter effect, as Grove wrote in High Output Management. When key results focus on output, Grove noted, 'the paired counterparts should stress the quality of work, thus in Accounts Payable, the number of vouchers processed should be paired with the number of errors found either by auditing or by our suppliers. For another example, the number of square feet cleaned by a custodial group should be paired with by rating of the quality of work as assessed by a senior manager with an office in that building.' -- Let the quantity goal be three new features, the paired quality goal will be fewer than 5 bugs per feature in quality assurance testing. The result - developers will write cleaner code. If the quantity goal is 50 million dollars in Q1 sales, the quality goal can be 10 million dollars in maintenance contracts, because sustained retention by sales professionals will increase customer success and satisfaction.

In 2018, Arowana is working with RPA (robotic process automation) specialists to introduce robotic process automation software and tools into our companies. RPA will help them process menial, repetitive tasks faster, with zero errors and at much lower costs. In one case, an accounts payable robot can process in 1 hour what a human being can process in 1 week.

Short-term obligations to investors, suppliers, or the bank to cover cash crunches or to build inventory are called notes payable.

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Chasing tax cheats using normal procedures was not an option. It would take decades just to identify anything like the majority of them and centuries to prosecute them successfully; the more we caught, the more clogged up the judicial system would become. We needed a different approach. Once Danis was on board a couple of days later, together we thought of one: we would extract historical and real-time data from the banks on all transfers taking place within Greece as well as in and out of the country and commission software to compare the money flows associated with each tax file number with the tax returns of that same file number. The algorithm would be designed to flag up any instance where declared income seemed to be substantially lower than actual income. Having identified the most likely offenders in this way, we would make them an offer they could not refuse. The plan was to convene a press conference at which I would make it clear that anyone caught by the new system would be subject to 45 per cent tax, large penalties on 100 per cent of their undeclared income and criminal prosecution. But as our government sought to establish a new relationship of trust between state and citizenry, there would be an opportunity to make amends anonymously and at minimum cost. I would announce that for the next fortnight a new portal would be open on the ministry’s website on which anyone could register any previously undeclared income for the period 2000–14. Only 15 per cent of this sum would be required in tax arrears, payable via web banking or debit card. In return for payment, the taxpayer would receive an electronic receipt guaranteeing immunity from prosecution for previous non-disclosure.17 Alongside this I resolved to propose a simple deal to the finance minister of Switzerland, where so many of Greece’s tax cheats kept their untaxed money.18 In a rare example of the raw power of the European Union being used as a force for good, Switzerland had recently been forced to disclose all banking information pertaining to EU citizens by 2017. Naturally, the Swiss feared that large EU-domiciled depositors who did not want their bank balances to be reported to their country’s tax authorities might shift their money before the revelation deadline to some other jurisdiction, such as the Cayman Islands, Singapore or Panama. My proposals were thus very much in the Swiss finance minister’s interests: a 15 per cent tax rate was a relatively small price to pay for legalizing a stash and allowing it to remain in safe, conveniently located Switzerland. I would pass a law through Greece’s parliament that would allow for the taxation of money in Swiss bank accounts at this exceptionally low rate, and in return the Swiss finance minister would require all his country’s banks to send their Greek customers a friendly letter informing them that, unless they produced the electronic receipt and immunity certificate provided by my ministry’s web page, their bank account would be closed within weeks. To my great surprise and delight, my Swiss counterpart agreed to the proposal.19

The basic rate of pay was 150 U.S. dollars a month for a volunteer (the rank given to the private soldier or enlisted man) plus another 5 dollars a day danger pay, payable when a man was in an officially declared danger zone, making 300 dollars a month altogether. At that time 300 dollars would have been roughly twice as much as a qualified artisan could earn in his trade as a civilian in South Africa.

Interest Expense   150          Interest Payable                150

Our loves are not given but lent, at compound interest of cent percent; though, it is not always the case, I believe, that the longer we've kept it the more do we grieve for when debts are payable, right or wrong, a short time loan is as bad as a loan. So why in Heaven, before we are there, should we give our heart to a dog to tear?

Our loves are not given but lent, at compound interest of cent percent; though, it is not always the case, I believe, that the longer we've kept it the more do we grieve for when debts are payable, right or wrong, a short time loan is as bad as a long. So why in Heaven, before we are there, should we give our heart to a dog to tear?

The important point about international business is that these firms have account payables or receivables in foreign currencies. A change in the exchange rate makes their payables or receivables in domestic currency smaller or larger in terms of their home currency.

That is when Thaler intervened by offering David the following deal. David would write Thaler a series of checks for $100, payable on the first day of each of the next few months. Thaler would cash each check if David did not put a copy of a new chapter of the thesis under his door by midnight of the corresponding month. Furthermore, Thaler promised to use the money to have a party to which David would not be invited. David completed his thesis on schedule four months later, never having missed a deadline (though most chapters were completed within mere minutes of being due). It is instructive that this incentive scheme worked even though David’s monetary incentive from the university was greater than $100 a month, just from the retirement contribution alone. The scheme worked because the pain of having Thaler cash the check and consume some good wine without him was more salient than the rather abstract and pallid forgone contribution to his retirement savings plan.

The individual leaders at both Microsoft and Accenture are clearly transformational leaders who have been devoted to this partnership since the beginning. Microsoft partnered with Accenture in 2007. The initial 7-year agreement spanned 90 countries and 450 individual roles. Within 18 months, the partnership designed and implemented a global set of standardized processes across 92 countries, improved internal controls and compliance, improved scalability and reduced costs by 35 per cent. In 2009, the partnership was extended to include more accounts payable and buy centre processes. The contract was worth $330 million in 2012 and was extended until 2018. Five years into the BPO relationship, the partners continue to innovate Microsoft’s financial, accounting and procurement processes. In 2010–2011, for example, the partners moved 25 international subsidiaries from manual invoicing to electronic invoicing. The partners implemented new tools that increased transparency by allowing Microsoft’s business users to see every dollar spent and timely

finance systems struggled to deal with the escalation in business volumes. Due to process improvements in the outsourced F&A processes, accounts payable and receivable and monthly closing have now become a military operation. He commented, ‘Labor arbitrage is temporary, but process improvement is permanent. Silent running was absolutely the main objective and it is not a problem for the organization any more. We achieved it more cheaply that we used to’.

One could often learn a lot about the balance of political forces in a given time and place by what sorts of things were acceptable as currency. For instance: in much the same way that colonial Virginia planters managed to pass a law obliging shopkeepers to accept their tobacco as currency, medieval Pomeranian peasants appear to have at certain points convinced their rulers to make taxes, fees, and customs duties, which were registered in Roman currency, payable in wine, cheese, peppers, chickens, eggs, and even herring—much to the annoyance of traveling merchants, who therefore had to either carry such things around in order to pay the tolls or buy them locally at prices that would have been more advantageous to their suppliers for that very reason.6 This was in an area with a free peasantry, rather than serfs. They were in a relatively strong political position.