Cash On Hand

AsylumGuido · 03-10-2014, 10:59 PM

Originally Posted by TheOak

A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing.

Payable vs Recieveable

Originally Posted by hagan714

this is why we raised season tickets prices, ya think

My God, are you two crazy?

Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help.

As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily.

And, yes, I do have a degree in accounting in case you are wondering.

03-10-2014, 10:59 PM	#18
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,871	Re: Cash On Hand Originally Posted by TheOak A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing. Payable vs Recieveable Originally Posted by hagan714 this is why we raised season tickets prices, ya think My God, are you two crazy? Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help. As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily. And, yes, I do have a degree in accounting in case you are wondering.

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