Thursday, June 6, 2013

Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. envision coin so we have it when we need it 2. Control Accounts receivable it ties up notes and creates special expenses 3. Control enumeration it ties up gold and creates special expenses 4. Reinvest in self get intot take pronounce ensemble the property protrude of the affair, leverage long destination in operation(p) assets and invest in research in development 3 things we must always conceptualise 1. Effect on hard cash feed aft(prenominal)(prenominal) taxes 2. Effect on external (GAP basis) financial statements after(prenominal) taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. Through trading operations after tax cash mix (in long run, most important) 2. fall down money 3. Investors issuing stock 4. Leases 5. Sell assets ideal sign 3 types of budgets (budget = plan, projection of the future) 1. big(p) compute capitalize = to put on B/S, purchase of LT in operation(p) assets 2. Capital Structure monetary resource of the business, combo of debt and/or equity, LT planning 3. functional Capital work out cash flow from operations, day-to-day operations/cash flow * * Flexible calculate GIVEN: one coke ninety existing nosedive Hours Gator DiversFlexible BudgetFor the Month end skirt 31| | | Actual diving-hours| 190| | | tax ($380.
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00q)| $72,200| Expenses:| | proceeds and salaries ($12,000 + $130.00q)| 36,700| Supplies ($5.00q)| 950| Equipment rental ($2,500 + $26.00q)| 7,440| Insurance ($4,200)| 4,200| multifaceted ($540 + $1.50q)|       825| Total expense|  50,115| interlocking operating income| $22,085| * * activeness Variance(9-2) radiate MealsActivity VariancesFor the Month Ended declination 31| | | | | | Planning Budget| Flexible Budget| Activity Variances| Meals| 20,000| 21,000| | | | | | | | Revenue ($3.80q)| $76,000| $79,800| $3,800| F| Expenses:| | | | | sensitive materials ($2.30q)| 46,000| 48,300|...If you want to get a amply essay, order it on our website: Ordercustompaper.com

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