Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-...
by tppiotrowski on Saturday March 11, 2023 @11:35AM
(#35109882)
Curious about the logic you used to determine a company's balance based on employee pay. Is this just your own number fidgeting or an actual best practice in finance?
It seems weird that a company paying someone less than $5K a month would need $250K in the bank. we had $100K seed check at my startup and I got paid $6K per month as a counter example.
Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-...
by icedchai on Saturday March 11, 2023 @11:45AM
(#35110016)
Ok, so they paid you 72K year, plus employer side social security/taxes, benefits, etc. Call it 80K. Does that seem like a lot of money left over for other expenses?
It seems weird that a company paying someone less than $5K a month would need $250K in the bank. we had $100K seed check at my startup and I got paid $6K per month as a counter example.