Balance Sheet Balance Sheet For year beginning January Sample Clauses

Balance Sheet Balance Sheet For year beginning January. 2001 Year 1 Year 2 Year 3 Assets: Current assets: Cash 17,966 212,104 1,170,793 Accounts receivable (net) 55,440 95,436 258,984 Inventory 5,833 10,000 25,000 Total current assets 79,239 317,540 1,454,777 PPE (net) 34,971 26,943 18,914 Total assets 114,210 344,483 1,473,692 Liabilities and equity: Current liabilities: Accounts payable 18,500 29,333 76,000 Total current liabilities 18,500 29,333 76,000 Total liabilities 18,500 29,333 76,000 Equity 95,710 315,150 1,397,692 Total liabilities and equity 114,210 344,483 1,473,692 Accounts Receivable (net) - Of the company's sales, 80 percent of sales are anticipated to be made on a net 30 basis. An allowance of 1 percent has been set to cover bad debt. Inventory - A minimum of 10 days sales in inventory is assumed. Accounts Payable - Net 30 terms are expected from suppliers.
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Related to Balance Sheet Balance Sheet For year beginning January

  • Beginning Date Both parties agree that negotiations for a new contract shall commence no later than 30 days after ratification of the current collective bargaining agreement in a good faith effort to reach a contract. The Association agrees to give the Board notice of intent to negotiate a contract a minimum of sixty (60) days prior to the expiration of the contract in force at the time and also notify Public Employees Relations Commission in writing of this intent.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Required Beginning Date The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date.

  • Accounting Period The Company’s accounting period shall be the calendar year.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Quarterly Financial Statements As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Subsidiaries and, if different, the Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Borrower and the Restricted Subsidiaries, a detailed reconciliation reflecting such financial information for the Borrower and the Restricted Subsidiaries, on the one hand, and the Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year end audit adjustments.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an employee's vacation period, he/she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and employee.

  • Compensation for Holidays Falling on Scheduled Days Off 1. When a holiday falls on a full-time employee's regularly scheduled day off, the employee shall receive eight (8) hours of compensatory time.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

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