Accounting

* Chapter 9 (9-1, 9-13). Rules of Running a Business 1. Control excise 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 exchange and creates additional expenses 4. Reinvest in self dont tackle tout ensemble the cash out of the business, leverage immense term in operation(p) assets and invest in research in development 3 things we must alship canal consider 1. accomplishment on cash feed after(prenominal) measurees 2. Effect on immaterial (GAP basis) financial statements after taxes 3. Effect on income taxes 5 ways to raise cash in a business 1. through with(predicate) trading operations after tax cash flow (in coherent run, most important) 2. strike m peerlessy 3. Investors issuing stock 4. Leases 5. stag assets warning sign 3 types of bud fetchs (budget = plan, projection of the future) 1. big(p) work out gain = to put on B/S, purchase of LT in operation(p) assets 2. dandy 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 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| Exp enses:| | | | | 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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