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Have you ever considered entering a casino before? Well, I haven’t, in fact I don’t really know what a casino looks like. Anyway, if you were wondering, why not be in one?
Casinos are made for people to enjoy what they have. Casinos are, as a matter of fact, a good place in which one can enjoy what he or she has and does not have in life. In a casino, even though a lot of people think that you cannot get anything good from it, you can learn a lot of things. Things such as being humble, doing kind, being generous, able to face defeat, accepting what is offered to and being trust. In a casino, you could have the chance to befriend you enemies and be even closer to your friends and in a casino a lot of unexpected things are built.
A casino has a lot of things to offer one person. This establishment is not only a collation of all the gambling games found around the world; it is also the collation of the world itself. Here you would find different nationalities, different kinds of people with different perspectives, different stories, different histories, different characters and different attitudes. A casino is actually a good place where you could learn how to fall and stand up and how to make new friends when you had none.
Anyway, like the real established casinos, online casinos like http://www.mansioncasino.com are worth it.
The rush of the excitement, the unstoppable joy of winning a certain big amount of jackpot prize and of course the trophy of winning new friends that you would certainly play with once again and hopefully beat them again the next time. The many qualities of an online site that has gotten many to be addicted to it with enormous amounts of time being put into them alone, take into consideration the different nationalities of people who are into playing the game and by the comforts of their own homes.
It’s not that hard to be actually not addicted to the game itself, you see with the big amounts of jackpot prizes stated at their site at their home site, thousands and hundred thousands of fabulous money ready to be given away to the one who is lucky enough to do so.
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Visit their site now and know more of their other games that are offered rightfully for you.
Wouldn’t it be memorable to you when you take home the millions in total grand prize in online casino sites? That it took you nothing at all to grab the grand prize, all solely depending on how good you played your opponents who came at every corners of the earth, not even a one dollar bill that you have pulled out of your pockets or wallets.
Well this is really doable as you enter the paradise of gambling sites online, they have a wide array of different games on board and card casino games, to mention some examples they have poker, roulette, bingo, keno, slots, backgammon, baccarat, 21 just to mention a few. They also offer bets on sports games, name it and they all have it, from the A’s to the Z’s of all the sports games that you could think about.
At www.mansion.com they offer as much as up to $500 in bonus starting capital for your new gambling career under them, all you have to do is to complete a readily available form at their site, fill it to fullest extent of your self facts and the bonus money and your gambling career is all set to go.
You can count on many online casino gambling sites that they give your prizes or pay outs, because they are being watched closely by many government authorities who are handling them, once they fail to do so, their site is automatically closed and all of them go to jail, that simple.
So in choosing the gambling site that you want, you are looking for particular qualities that make you like to gamble more and more under their site, you are looking for the game play experience, the speed of the game, experience, pay outs, trust factor, accuracy and preciseness of their games, plus the over all ratings of their past players are all that matters to you.
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The internet provides us with basically the things we need. If we have a research to do, we go to the net. Now, the internet brings you a help to your career. If you haven’t thought of what to do then take CNA courses that gives you the best CNA schools found around the area or online. These schools also offer you CNA training. If you want to know more, log on to http://www.medical-career-training.com/certified_nursing_assistant.htm.
Thinking a career is a hard thing, especially when you are still not sure what you want. But if your parents are still thinking what to do and your parents wants you to be a doctor and you do not like anything that involves biology then you could be a sonography tech or a sonography technician and as you think about it visit http://www.medical-career-training.com/sonographer.htm and know the best sonography schools in the land.
In January 2008 Inc. Magazine, “Short on Cash?” in the Finance: Cash Flow column, the point was made that a factoring discount was an equivalent annual interest rate of 12 times the factoring discount rate. This hypothetical 12 times interest rate is then compared to a bank loan at a competitive annual rate. For the article this meant that a monthly factoring discount of 2% is equivalent to a 24% annual interest rate. This is really a misleading comparison of apples and oranges. In reality a 2% factoring discount rate is equivalent to a 2% annual interest rate, but to understand it we need to go into some detail.
The Standard 2% Net 10 Supplier Discount
We will start with the scenario with a typical supplier discount to their customers, 2% net 10. This is where the supplier has offered to self-factor the customer with 2% discount of the invoice price if they pay within 10 days. In this first example the customer takes the discount and pays by day 10. So the customer pays the client the $1,000 less the 2%, or $20, for a net payment of $980 on day 10.
Let’s calculate the effective interest rate the way the article did. Using this same mathematical logic, for a ten day term this 2% over ten days is an equivalent rate of 6% over 30 days, and 6% times 12 months, or 72% for a year. Now 72% of $1,000 is $720, so based on this logic, how did the customer pay $980, and not just $280? The answer is simple, the money was only used by the customer for 10 days, not a whole year, and a factoring discount is not an interest rate but a fee for using the money under the stipulated terms of 2% net 10.
Now let’s consider that this happens once every month. So at the end of the year, the client sends twelve invoices for a total of $12,000 to the customer. Each month the customer took the 2% discount and thus kept a total of $240 over the year. Now $240 is what percent of the $12,000? The answer is, 2%. So in this case the client’s self-factoring discount rate of 2% net 10 equates to an annual interest rate of 2% and not 72% or 24%.
Accounts Receivable Factoring
But what if our customer does not take the 2% net 10 terms and instead pays later? Some customers ignore all client 2% net 10 terms and pay when they want, which can be 30, 45, 60 or even 90 days. If the client does not accept the customer’s terms, the customer will buy elsewhere from someone who will. Or for some companies, especially larger ones, their systems and cash flow management processes make it very difficult to pay in less than 30-90 days. So if a client wants that large customer business, they must accept the terms required by the customer. In this case we will use 30 days.
What is the real cost of factoring? Let’s describe a basic scenario first and then look at comparative costs. A supplier has entered into an agreement with the factor and has become the factor’s client. In this scenario we will factor invoices of $1,000 each month at a 5% discount rate and an 80% immediate payment of the invoice amount upon verification to the factor with 20% hold back until the invoice is paid by the client’s customer.
So under the terms of the factoring agreement, instead of waiting the 30 days, the client has sold the invoice, at the face amount of $1,000 to the factor. The factor pays the client $800 less $50 (the 5% discount) upon presentment and validation of the invoice. The remaining 20% is held back by the factor until the customer pays the invoice in full. The customer, or the debtor, pays the invoice on day 30. The factor then pays the remaining $200 to the client on day 30.
This process is repeated every month. So the net effect is that every month the client factors a $1,000 invoice and receives from the factor $750 on day 1 and $200 on day 30. So for a full year, $12,000 worth of invoices has been factored for a discount of 12 times $50, or $600. $600 is 5% of the total $12,000. So in the 30 day example, the factoring discount is the comparative equivalent interest rate. Thus the 5% discount rate is not 60% but, 5%.
So What is the True Factoring Equivalent Interest Rate?
The factoring discount rate in not an interest rate but a fee for using money, paid once for the terms of the period involved. So when comparing factoring to bank loan annual interest rates, the discount rate is the equivalent annual interest rate and not some multiple thereof. So a 5% factoring discount rate is equivalent, not to five times twelve or 60%, but 5 times 1, or a 5% annual interest rate.
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Don Mann is CEO of RiteMann Consulting Inc. a company that helps businesses improve sales, profits, cash flow and people effectiveness, and is located in the Wilmington DE area. For inquiries please contact him at http://www.RiteMann.com |
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A pharmacy technician performs routine tasks such as refilling of prescriptions and dispensing of medicines. The pharmacy tech is also tasked to fill up forms for insurance. His job is important because he lets the pharmacist focus on the more crucial cases. The pharmacy tech salary is also the highest in the filed, reaching $12 per hour in 2002.
Rushing and impatience never does us any good. There are men who take penis enlargement pills and expect results in 1 day. Well, this is not going to happen. Penis enlargement takes days if not weeks. If a manufacturer guarantees results in just one day and reviews say that penis enlargement really did happen overnight with the use of these products, then that’s something to be cautious about.