After reviewing the following profit comparison, the business owner realized that he michael jordan sneaker collectionwas able to double his profits without incurring any debt. In addition, he didn’t have to dump any more of his own money into expansion michael jordan sneaker collectionof the business. The factoring fee was no longer an issue for him. PROFIT COMPARISON Present With Factoring Annual Sales michael jordan sneaker collection$1,000,000–$2,000,000 15% Gross profit $150,000–$300,000 Overhead Cost $60,000–$80,000 Factoring Cost * N/A $30,000 michael jordan sneaker collectionNet Profit $ 90,000–$180,000 * Based on the incremental $1,000,000 sales factored WHAT OTHER BENEFITS ARE THERE TO michael jordan sneaker collectionFACTORING? 1. Elimination of bad debt – a non-recourse factor will assume the risk of bad debt, thus eliminating this expense from your income statement. 2. Professional collections – Not only will a good factor collect receivables in a professional manner, but he will eliminate overhead michael jordan sneaker collectionassociated with the collection process. 3. Unlimited capital – Factoring is the only source of financing that grows with your sales. As sales ncrease, more cash becomes available for you to use, which allows you to constantly meet demand. 4. Take advantage of volume and early payment discounts – With improved cash flow, you will be in a position to take advantage of these discounts which directly effect the bottom line. 5. No debt incurred – Factoring is NOT a loan and therefore, you are not incurring any debt. This keeps your balance sheet looking good, thereby making it easier to obtain other types of financing or to sell the company. 6. Factoring is easy and fast – The application required to establish a factoring relationship is much simpler than other types of financing. No tax returns, financial statements, business plans, or projections are needed. 7. No personal guarantees. The company principals do not have to personally guarantee the repayment of the funding. They usually have to guarantee against fraud or disputes, but not against customers’ inability to pay. 8. Invoices are paid faster – Factors generally report payment experiences to Dun & Bradstreet or other credit agencies. A debtor who is aware of this will not want his credit impaired. 9. Credit screening – A factor will provide you with credit information on new customers, thus allowing you to make better credit decisions. Accounts receivable factoring may not be for everyone. But those who are in the role of “banker” for their customers should at least take the time to weigh the benefits of factoring to provide continued growth and stability. Invoice factoring continues to be a popular financing tool, particularly among the textile industry. Other industry sectors, such as distributors and manufacturers, are beginning to take advantage of this option as well. Author’s Resource BoxKent Harlan has been a CPA since 1984 and is the owner of Ozarks Capital Funding, a firm offering financing in the areas of accounts receivable factoring, equipment leasing, and financing for healthcare providers. http://ocflink.comkenth@ocflink.comAcer As A Notebook Brand Author : Yasin Resif Submitted : 2010-03-09 03:11:26 Word Count : 894 Popularity: 14 Tags: acer, notebook, laptop, acer notebook, acer laptop, review Author RSS Feed Acer is out to conquer the globe of computing. These aren’t the most solidly constructed machines available on the market, but consumers are snapping them up quick: Acer sold more units in 2009 than any other laptop producer apart from Dell. That is quite a feat, and they’re aggressively pursuing the michael jordan sneaker collectiontop spot in 2010. They have been proactive in the netbook wave too since the work to create portable computer systems more power efficient. The Aspire One netbook is among the most effective, with an anticipated Ten several hours of battery existence. Acer’s Timeline laptop series can also be michael jordan sneaker collectionextraordinary, promising up to Eight hours of battery existence, the most effective of any mainstream notebook. They’ve also announced tentative plans to jump into the emerging tablet category sometime in summer 2010. Even if their computer systems aren’t our preferred, we like their moxie. Travelmate Series: For all those Really on the Move For those whose michael jordan sneaker collectiontravels take them to places over and above the neighborhood coffee shop, the Acer Travelmate series is a wise option for a number of reasese energy-efficient equipment can last up to Eight several hours over a single charge — that’s enough to last for an whole trans-Atlantic flight plus a few hours at michael jordan sneaker collectionthe hotel while you struggle to discover the correct voltage adapted 320 GB hard drive for $599. Aspire Series: All your Home Computing Needs The Acer Aspire collection may be the broad catch-all tag for any of their personal use (as opposed to business-use) laptops. As you will see below, this line contains netbooks, well known notebooks, and desktop replacement equipment. 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