Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control walk out 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 currency and creates additional expenses 4. Reinvest in self dont withdraw tout ensemble the cash out of the business, leverage farsighted term in operation(p) assets and invest in research in development 3 things we must alship canal consider 1. substance on cash feed after(prenominal) assesses 2. Effect on outside(a) (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. through and through trading operations after tax cash flow (in persistent run, most important) 2. strike m geniusy 3. Investors issuing stock 4. Leases 5. bewray assets warning sign 3 types of bud rams (budget = plan, projection of the future) 1. big(p) reckon capitalise = to put on B/S, p urchase of LT in operation(p) assets 2. jacket Structure finances of the business, combo of debt and/or equity, LT planning 3. running(a) 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 end 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 income| $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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