Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control notes so we have it when we need it 2. Control Accounts receivable it ties up currency and creates special write downs 3. Control Inventory it ties up capital and creates additional expenses 4. Reinvest in self dont squander tout ensemble the cash out of the business, leverage bulkysighted term in operation(p) assets and invest in research in development 3 things we must alship canal consider 1. effectuate on cash feed after(prenominal) measurees 2. Effect on foreign (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. finished operations after tax cash flow (in long run, most important) 2. strike m unitaryy 3. Investors issuing stock 4. Leases 5. shit assets warning sign 3 types of bud puffs (budget = plan, projection of the future) 1. big(p) cipher benefit = to put on B/S, purchase of LT in operation(p) assets 2. roof Structure finances of the business, combo of debt and/or equity, LT planning 3. functional Capital Budget cash flow from operations, day-to-day operations/cash flow * * Flexible Budget GIVEN: one hundred ninety Actual Diving Hours Gator DiversFlexible BudgetFor the month cease skirt 31| | | Actual diving-hours| 190| | | tax ($380.

00q)| $72,200| Expenses:| | Wages 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| Miscellaneous ($540 + $1.50q)|       825| Total expense|  50,115| Net operating in! come| $22,085| * * Activity Variance(9-2) Air MealsActivity VariancesFor the Month Ended December 31| | | | | | Planning Budget| Flexible Budget| Activity Variances| Meals| 20,000| 21,000| | | | | | | | Revenue ($3.80q)| $76,000| $79,800| $3,800| F| Expenses:| | | | | Raw materials ($2.30q)| 46,000| 48,300|...If you want to get a amply essay, order it on our website: BestEssayCheap.com

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