Cash On Hand

TheOak · 03-11-2014, 07:34 AM

Originally Posted by AsylumGuido

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.

Nothing of what has been said in this thread speaks to liquidity, only assets or net worth.

Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they?

Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so.

In regards to "can get", sure he can get, but at what cost?

I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though.

"Dumb" and "Crazy".. I see why you are the "Ambassador"

One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?

03-11-2014, 07:34 AM	#19
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,043	Re: Cash On Hand Originally Posted by AsylumGuido 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. Nothing of what has been said in this thread speaks to liquidity, only assets or net worth. Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they? Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so. In regards to "can get", sure he can get, but at what cost? I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though. "Dumb" and "Crazy".. I see why you are the "Ambassador" One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau Last edited by TheOak; 03-11-2014 at 09:11 AM..

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