Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. instruction coin so we have it when we need it 2. Control Accounts receivable it ties up property and creates special expenses 3. Control archive it ties up exchange and creates extra expenses 4. Reinvest in self siret take bluster ensemble the bullion come forth of the line of merchandise, leverage long enclosure in operation(p) assets and invest in research in development 3 things we must always find out 1. Effect on silver feed laterward(prenominal) taxes 2. Effect on external (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. Through trading operations after tax cash run (in long run, most important) 2. boot money 3. Investors issuing stock 4. Leases 5. Sell assets warning sign 3 types of budgets (budget = plan, projection of the future) 1. big(p) calculate capitalize = to put on B/S, purchase of LT in operation(p) assets 2. Capital Structure pay of the business, combo of debt and/or equity, LT planning 3. operative Capital budget cash flow from operations, day-to-day operations/cash flow * * Flexible work out GIVEN: one coke ninety essential go down Hours Gator DiversFlexible BudgetFor the Month end skirt 31| | | Actual diving-hours| 190| | | tax ($380.

00q)| $72,200| Expenses:| | takings 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| heterogeneous ($540 + $1.50q)|       825| Total expense|  50,115| illuminate operating income| $22,085| * * body process Variance(9-2) strain MealsActivity VariancesFor the Month Ended declination 31| | | | | | Planning Budget| Flexible Budget| Activity Variances| Meals| 20,000| 21,000| | | | | | | | Revenue ($3.80q)| $76,000| $79,800| $3,800| F| Expenses:| | | | | gross materials ($2.30q)| 46,000| 48,300|...If you want to get a amply essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper