Payment account

The Principal Paying Agent is responsible for setting up and monitoring the various cash accounts on behalf of the Issuer. It is also responsible for transferring monies to the Payment Account in readiness for Interest Payment Dates. One of the accounts is the Expense Account, which will have monies on deposit which may be withdrawn to pay for the issuer s Extraordinary Administrative Expenses. 

No mention whatever was made in the withholding orders of any company other than the Erie Basin Metal company. Mr. Royall, after he had become Under Secretary of War, said he had never even heard of the Batavia Metals company until May 1946 when he was informed of the following developments. On 13 September 1945 the Settlement Advisory Board of the Chemical Warfare Procurement District, acting on what they considered reliable data, made a partial payment to the Batavia Metal Products company of 3,846,700 of which amount 3,231,649.60 went to liquidate the outstanding balance of the government s advance payment account and the remainder was paid to the contractor. Subsequently, an audit of this company s account disclosed some rather unusual accounting... 

DecoveTj of Capital. In Figure 1, the annual book depreciation is used to retire the fixed capital investment. Whereas this accounting model does not correspond to the typical money flow, it is one possible model for recovery of capital. This model assumes that the investment is reduced each year by the amount of the annual depreciation. Another model (22) assumes that a uniform yearly book depreciation payment is made to an interest-bear sinking fund that accumulates to the depreciable fixed capital amount at the end of the venture. Using this second model, the investment is outstanding throughout the lifetime of the project. This also does not correspond to the actual money flow in most cases. ProfitabiUty analysis utilizes a third model based on discounted cash flows. 

The annual amount of tax Aff included in Eq. (9-2) does not necessarily correspond to the annual cash income Ac/ in the same year. The tax payments in Eq. (9-2) should be those actually paid in that year. In the United States, companies pay about 80 percent of the tax on estimated current-year earnings in the same year. In the United Kingdom, companies do not pay tax until at least 9 months after the end of the accounting period, which, for the most part, amounts to paying tax on the previous year s earnings. When assessing projects for different countries, engineers should acquaint themselves with the tax situation in those countries. 

Adequate cash and a history of prompt payment of accounts strengthen the credit standing of a company and make it easier to obtain bank loans, etc. A company needs additional cash as a contingency against fires, floods, strikes, etc., as well as for additional adver-... 

Transactions that change the character of the net working capital but do not affect its value occur in a company. For example, a cash payment of 10,000 for accounts payable reduces both the current asset of cash by 10,000 and the current liabihty of accounts payable by 10,000, leaving the net working capital unchanged. However, this transac tion affects Doth the current and the quick ratios. 

In this type of loan, the principal payment is different each period, so the calculation of interest using Equation 2 must take into account the variable principal payment. Even though both interest and principal are paid together, they must be kept separate. Interest is an expense item for federal income taxes, while principal payments are not. 

In a lump sum contract the contractor does not have a common law right to interim payments. Most larger contracts have an express term within them giving the right to interim payments, or payments on account, notwithstanding that they have not fulfilled their contractual duties in completing the works. The matter of interim payments and their frequency should be resolved before the contract is signed, and not left until a dispute arises. 

Please make cheques payable to Rapra Technology Ltd. in Sterling/US /Euros via UK banks on or make payment direct to Account No 05625025, Sortcode 55-50-05, National Westminster Bank Pic, 8 Mardol Head, Shrewsbury, Shrop ire, SY1 1HE, UK)... 

The major problems with the indicators that have been presented are that they fail to take into account the timing of payments and receipts and the magnitude of the profits. They also can give incorrect results when comparing projects having different time durations, To resolve these problems a different economic indicator... 

Two mid-term objectives are closely related to the principal goal of RP. The first of them has to do with encouraging price competition, as it provides an incentive for companies to bring their prices close to the reference level. This is precisely one of the reasons why the European Commission5 recommends RP. The second mid-term objective concerns incentives, as it takes into account the cost-effectiveness ratio of prescription drags by increasing the financial responsibility of patients, which in turn may influence prescriber decisions. It is important to note that, unlike in traditional co-payment, under this system the patient s share of the cost of the product is avoidable if the patient and/or doctor select a product with a price that does not exceed the reference price. 

In order to evaluate the practical effects of co-payment it is essential to have access to quantifications of elasticities. The fourth section of this chapter deals with this. It is far from straightforward to obtain reliable estimates of the elasticities of demand for pharmaceuticals with respect to co-payment and price. Distinctions must be made between active ingredients, brands and generics, and between essential and non-essential drags, and substitution elasticities must be taken into account. 

For the purpose of analysing incentives of a financial nature in a European context, it is advisable to attach more emphasis to the formula of budgets than to the various physician payment mechanisms. From our point of view, these mechanisms are taken into account indirectly as regards the impact that the articulation of budgets might have on prescriber fees (as in the German case). There are two reasons for this approach first, in most of Europe s public health systems the salary is the predominant form of payment for physicians,... 

In order to analyse the balance in view of the threat of exclusion from public financing, the author devises a demand equation with a two-stage budget allocation. The first step is to choose a therapeutic group, and the second is to choose the differentiated products. The co-payment acts as the price. The main conclusion is that when the product is included in public financing the health service can receive a discount if the political decisions are price-sensitive and the fixed cost of market entry in the event of inclusion is lower than the fixed cost of exclusion. In his study of price-cap regulation, the author insists that the mechanism should be continued in the long term, and that therefore it is necessary to account for the entire lifetime of the product and consider a discount factor. All this takes as its point of departure Abbott s 1995 model. 

Your kindness, with which I am familiar, encourages me to contact you with the request that I be permitted to move with my family to an appropriate apartment at my residence and place of birth, Wola, and to obtain permission to work in the industrial plant Wola, of which I am a part owner, in order to be able to exist. As my son is ill in the hospital, I respectfully request that it be rendered possible for him to receive monthly payments cm his credit account with the chemical factory Wola. The same for my daughter Hanna, who has a substantial credit with the chemical factory Wola. Hoping that you, dear sir, will conform to my wishes. , . 

There are several areas where a therapeutic relationship can typically go wrong and cause ethical concerns. The first area of concern has to do with finances. Since counseling and therapy often involve payment, it is important to try to divorce therapy as much as possible from the financial aspects of the business of therapy. However, this is not always possible, especially if you are in private practice and you are your own accountant, too A rule of thumb is this If you cannot treat a client without bias because bills are not being paid, then you have no business treating the client any longer. A therapeutic referral must be made. There is no possible way that you can give your best effort to a client when you are sore about not getting paid. 

The Accounts staff should be able to check on the state of a Customer s account and enter payments. The Dispatch staff should be able to see the orders and create Dispatches. 

The Accounts system keeps a record of payments against accounts (see Figure 10.25). The reference attribute of an account enables it to be cross-referenced to external records. 

The spec says, Enters payment details, such as a credit card or payment on account. According to one of the business rules (see Section 10.11.1.2), the order must be entered as a sale in an Account associated with this Customer. 

The initial item on the account is the charge for the hire to the agreed due date. If payment is made on the spot, it should be recorded separately. 

In order for the contributions to be deductible, payments for both cash and accrual basis taxpayer may be made no later than the due date of the income tax return. If a contribution is made in excess of the 15% or 7500 limitations, the excess is subject to a yearly 6% excise tax penalty until such excess contribution is fully utilized. Distributions under a Keogh Plan may not commence before an individual reaches age 59%, except for reasons of disability or death. Like the individual retirement account, distributions must commence no later than the taxable year in which the individual attains age 70%. 

Capitalization takes account of interest payments and foregone earnings from investments of comparable riskiness during the lengthy R D investment period for a new drug. 

Whether separate accounts are to be established, for example, for payments due to investigators, passing through a Case Report Forms (CRO). 

The direct medical costs of care usually are associated with monetary transactions and represent costs that are incurred during the provision of care. Examples of direct medical costs include payments for purchasing a pharmaceutical product, payments for physicians fees, salaries of allied health professionals, or purchases of diagnostic tests. Because the charge for medical care may not accurately reflect the resources consumed, accounting or statistical techniques may be needed to determine direct costs. 

Smithson Tennant had a most kind and forgiving nature. When a dishonest steward on his estate, who had become so heavily in debt that Tennant was obliged to examine the accounts, committed suicide, Tennant not only excused the unfortunate family from the payment of the debt, but assisted them financially in the kindest possible manner (14). 

Arms, economics and British strategy Table 2.4. Balance of payments on capyital account, 1914-18... 

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