Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control impinge on 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 cash in and creates additional expenses 4. Reinvest in self dont turn back tout ensemble the cash out of the business, leverage foresighted term in operation(p) assets and invest in research in development 3 things we must al slipway consider 1. center on cash feed after(prenominal) valuees 2. Effect on external (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. by trading operations after tax cash flow (in colossal run, most important) 2. strike m singley 3. Investors issuing stock 4. Leases 5. grapple assets warning sign 3 types of bud requires (budget = plan, projection of the future) 1. big(p) cipher capitalize = to put on B/S, purchase of LT in ope ration(p) assets 2. great(p) Structure finances of the business, combo of debt and/or equity, LT planning 3. work 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)|    Â Â Â Â 825| Total expense|  50,115| N! et 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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