... meeting:
■ To appoint Kadir Salleh of 4 Kensington Palace Gardens, London, W2 4AJ (date of birth
4th of April 1969) to the board of directors
■ To change the name of the company from Maplink Limited to ... of £1 each.
WE the subscribers to this Memorandum of Association wish to form into a Company
pursuant to this Memorandum and we agree to take the number of shares shown op-
posite our respective ... the Sales Director hereby agrees not to disclose to
any other party during the course of his employment or thereafter any confiden-
tial information relating to the Company nor to use any such...
... goes on ‘customers 60 days’ according to the terms of the
contract, as shown in Figure 2.15.
26 HowtoUnderstand Business Finance
cash to pay for the equipment and install it in our factory (see ...
to understand that the top half is what we have, and the bottom half is where it came from.
These two halves have to be equal – they have to balance. So let’s call it a balance sheet.
28 How ... outstanding costs
34 HowtoUnderstand Business Finance
We start by adding up the assets of the business. There is £3,000
cash, £30,000 owed to us by customers, and no stock. This gives
us total current...
... they have to do is have the stock manufactured to the
62 HowtoUnderstand Business Finance
business it may be possible to go back to the owners and ask for
more money (ie appeal to relatives). ...
requirement will fi t into:
a) Working Capital; that is to fi nance stock/raw material
purchases or to provide the fi nance to allow customers to take
extended credit ie to fi nance debtors.
b) Capital ... reasonably expect to be
repaid. You need to be able to show your ability to repay, whether
it is a short-term overdraft or a longer term loan.
74 HowtoUnderstand Business Finance
Return on Net...
...
THIS PAGE IS INTENTIONALLY LEFT BLANK
98 HowtoUnderstand Business Finance
Sales multiplier
The sales multiplier uses a multiple of sales to assign a value to
that company. This could be less than ... the profi t multiplier, the multiplier used tends to be
greater than 1 and will be based on how many years’ future profi t
are to be factored into the value of a business as well as
expectations ... educated
guesses, but this analysis is likely to pinpoint the best opportunity
for creating value, if the forecasts turn into reality.
110 HowtoUnderstand Business Finance
Land and buildings...
... be invested into, making a return for you.
So, if we had £100 to invest today at a return of 30 per cent,
Table 12.1 shows how we might expect it to grow in value if we
continued to reinvest ... elements – stocks, debtors and creditors – and these
will be considered in turn. Clearly, a service-based organisation has
minimal stocks, and so the focus must be on debtors and creditors.
Stock ... button the machine tells
you how much you owe, or how much to claim.
We said above that we charge customers VAT on most sales and
we pay suppliers VAT on most purchases. There are exceptions to...
... material stock and work in progress, as all
their stock is now in fi nished goods.
Debtors
‘Debtors’ refers to the amount of money owed to us by our
customers. This is directly related tohow long ... implications
Stock (inventories) Decrease in stocks releases cash
Increase in stocks consumes cash
Debtors (receivables)
– money owed by customers
Decrease in total value of debtors
releases ... cash
Increase in total value of debtors
consumes cash
Creditors (payables)
– credit from suppliers
Increase in total value of creditors
releases cash
Decrease in total value of
creditors reduces...
... 152 HowtoUnderstand Business Finance
It is only worth borrowing to expand a business if the internal
return on investment (ORA or RONA) is expected to be signifi cantly
higher ... inventory. See also
FIFO.
158 HowtoUnderstand Business Finance
payables’ days (US) See creditors’ days (UK).
payback period The time needed for cash infl ows for a project
to exceed the cash outfl ... liabilities.
net assets Total assets less all non-interest-bearing debts. The
total investment in the business fi nanced by shareholders’ equity
and interest-bearing debt.
164 HowtoUnderstand Business...
... called profi t,
shown in Table 2.4. How much is it? Well, it must be £10,000 to
balance the books!
This is an unusual way to demonstrate profi t but we’ve done it
this way to show that profi t ... Business Cycle
To ‘create value’ we need to sell something for more than it
costs to supply. Let’s say we fi nd a customer who wants us to
install fi ve alarm systems and they are prepared to pay £20,000. ... goes up to
£33,000, as shown in Figure 2.6, money owed by customers goes
to zero and this still adds up to £40,000.
Of this, £30,000 came from owners’ funds and £10,000 from
profi t, shown in...
... get to monitor our health, howto cope with disease,
and howto talk with our doctors. Simply put, howto take charge of our own health.
It’s the book I wish I’d had on a sunny day in October ... during
pregnancy, and understanding howto keep your digestive system healthy.
Respiratory Health 279
Understanding how the respiratory system works, dealing with common respiratory con-
ditions, ... levels using a blood glucose me-
ter. Your doctor or diabetes educator can
show you howto use a meter. Goals for
most women are shown below.
er you get to your goals, the more you
will lower your...
... natural production of regulatory hormones like
melatonin. And most amazingly, an experiment by Rauscher showed that listening to the
first ten minutes of the Mozart Concerto for Two Pianos in D ... if you want it to be neat.
4. What is the number of the bottom line?
5. What is the number of the top line?
6. What is the number of the bottom space?
7. What is the number of the top space?
4. ... want to be. Try to discover which size staff works best for you.
3. Photocopy the staff paper in the back of this book (make at least 20 double-sided
copies), and use the magnification button...
... Chapter 6 111
Chapter 7: Where And HowTo Meet
Women 112
Where To Meet Women 113
How To Meet Women 115
The Initial Approach 116
Meeting Women Online 118
Meeting Women At Dance Lessons 119
Getting ... Looking For? 44
Key Points To Remember From Chapter 2 45
Part 2: HowTo Communicate With
Women 47
Chapter 3: HowTo Develop A Personality
That Is Irresistible To Women 48
Be Different In ... learn the skills that I’m going to teach you, you
can learn howto cause women to act this way toward
you, too.
Remember, attraction has different roads that lead to
it. Some are easy shortcuts,...
... prepared to find the most appropriate
background resource to start your research. The next
chapter shows you howto find a good source of back-
ground information. First, however, we introduce you to
legal ... scurry”
approach to legal research on any visit to the library.
4. Find Special Tools and Resources Unique
to Your State
This book focuses on the legal research resource tools that
are common to the 50 ... Shepard’s to Update Your Cases
Once you have found cases that pertain to your issue, you
need to find out whether the principles stated in these
cases are still valid law. To do this, you need to understand
the...
... agreement with the store specifies the price the
store will pay for each toy, when Peter is to deliver the
toys, and what materials he is to use. The contract says
nothing about the store buying a ... easier tounderstandhow legal research
is best approached if we take an analogy from another field.
Seeking and finding legal information is a lot like
learning howto cook a gourmet dish. To cook ... statu-
tory material first and the cases second. We show you how
to research statutes in Chapter 6.
However, some important areas of the law are developed
primarily in the courts—the law of torts...