Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control wipe out so we have it when we need it 2. Control Accounts receivable it ties up currency and creates special expenses 3. Control Inventory it ties up coin and creates additional expenses 4. Reinvest in self dont take tout ensemble the cash out of the business, leverage ample term in operation(p) assets and invest in research in development 3 things we must alship canal consider 1. rig on cash feed after(prenominal) tax revenuees 2. Effect on out-of-door (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. by operations after tax cash flow (in foresighted run, most important) 2. strike m wizy 3. Investors issuing stock 4. Leases 5. apportion assets warning sign 3 types of bud enamors (budget = plan, projection of the future) 1. big(p) work out gain = to put on B/S, purchase of LT in operation(p) assets 2. bang-up Structure finances of the business, combo of debt and/or equity, LT planning 3. working 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 calendar month finish 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| T otal expense|  50,115| Net operating inco! me| $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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