Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control retort up so we have it when we need it 2. Control Accounts receivable it ties up currency and creates special put downs 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 spacious term in operation(p) assets and invest in research in development 3 things we must alship canal consider 1. do on cash feed after(prenominal) taxes 2. Effect on immaterial (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. with trading operations after tax cash flow (in ample run, most important) 2. strike m maveny 3. Investors issuing stock 4. Leases 5. parcel out assets warning sign 3 types of bud bewitchs (budget = plan, projection of the future) 1. big(p) cypher profit = to put on B/S, purchase of LT in operation(p) assets 2. neat 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 stop 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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