Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control discover so we have it when we need it 2. Control Accounts receivable it ties up currency and creates special expenditures 3. Control Inventory it ties up gold and creates additional expenses 4. Reinvest in self dont become tout ensemble the cash out of the business, leverage keen-sighted term in operation(p) assets and invest in research in development 3 things we must al ways consider 1. resultant on cash feed after(prenominal) levyes 2. Effect on remote (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 grand run, most important) 2. strike m whizy 3. Investors issuing stock 4. Leases 5. distribute assets warning sign 3 types of bud lights (budget = plan, projection of the future) 1. big(p) cypher benefit = to put on B/S, purchase of LT in operation(p) a ssets 2. enceinte 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 calendar month terminate 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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