...Though a balance sheet is not formally required for most small business reports or even taxes, it can be helpful in determining the overall health of a company. Without an understanding of basic accounting principles, it may be overwhelming to think of creating a balance sheet or any other financial report. However, balance sheets can be quite simple for a small business owner to create and can even be generated automatically by most online or traditional accounting software. Ads by Google QuickBooks™ P&L Statement Create Profit and Loss Templates Quickly & Easily. Try Free Today!www.intuit.co.uk/SelfEmployed Business Snapshot As a small business owner, you may turn to either your balance sheet or profit and loss statement to understand how your business is doing financially. Whereas your profit and loss statement can quickly show your expenses versus your income, it doesn't specify your current assets and pending liabilities like a balance sheet does. While many other financial reports simply show you transactions that have already occurred, a balance sheet gives you an idea of things that need to occur soon. If you've just made a huge sale, your profit and loss statement may show your "business health" as great, whereas your balance sheet would also show the huge bill you owe a vendor within the next 30 days. It is a more accurate picture of your business's status. Investors and Loans Your balance sheet is an ever-changing document on which...
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...Professor Pecquet Economics 201 Study Guide for Exam 1 Exam 1 covers Lectures 1-5 & Gwartney and Stroup chapters 1-5. Format: 40-55 multiple choice questions. You may also have some additional material from Monday’s lecture. Study advice: Try to prepare for the exam in advance in order to get enough sleep the night before. Get plenty rest the night before. This will help you to read the questions carefully. I estimate about 5% of the misses are due to careless reading. Study your assigned homework problems and blackboard quizzes. Use the handout that I prepared for you: Arbitrage & Speculation. Lecture 1 The Economic Approach Related Readings Chapter 1 Define Economics in two ways and understand the difference between each way. Know the meaning and relationship between the following concepts covered in the first lecture: scarcity, rationing/rules, competition and choice. Know especially the concept of opportunity cost and choice. Be able to work opportunity cost problems similar to cost of college and the alternative ways of travel problems that we did in class and on homework. Know the difference between normative and positive. Know the difference between positive sum games, zero sum games and negative sum games as discussed in the lecture. Economists use incentives to set up positive win-win games as in my classroom examples of Australia & golden content in trash. What is meant by the moral hazard problem? Understand...
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...1. Political Factors A) Environment Concerns: Leading to the quest for eco-friendly cars, people would prone to buy hybrid or even pure electric cars in the future. B) Government Regulations: Limitation on high emission car purchase, and the restrictive passage of autos in downtown area, as well as the limitation on license plate (number plate) in huge cosmopolitans. C) Some pioneering states in the US have started to set the rules to govern robotized motoring (autonomous driving). 2. Economic Factors A) Economic growth has shifted from traditional strong western countries (US, West Europe, specifically) to other parts of the world, especially, East and Southeast Asia, Africa, and South America. B) Auto Markets in developed countries are saturated: High rate of auto owning, stable population and household quantity. The auto market there is typically of substitution of old car with new ones. C) Public Transportation Infrastructure including high speed rail network, intercity light-rail network, etc, will be perfected in developing countries. D) Fuel cost is on the wing, driving demand for mini-car, A-Class, Compact car. 3. Social Factors A) In developing countries, owning a car is not only means of transportation but also a need of social status. B) People’s awareness of environment protection is growing. 4. Technological Factors A) Technology for Electric Engine is maturing, and battery capacity is increasing. Some countries have started...
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...P.E 002 Rythmic Activities Name: Ralph Emerson A. Trinidad Section: BA12KA2 Schedule: Thursday 1:30 pm – 3:30 pm Instructor: Joemar Torreses Dance Terms use in Folk Dance ·BOW OR SALUDO Partners bow to each other to opposite dancers or to the audience. This term is of Spanish origin. ·BRUSH Weight on one foot, swing the free foot in an arch, so that the ball or heel strikes the floor at lowest point of the arch. This may be done forward, sideward, or backward. ·CLOCKWISE Like the motion on the handle of the clock moving to the left, when facing the center of an imaginary circle. Right shoulder is toward the center when moving forward. ·COUNTER CLOCKWISE The reverse direction of clockwise, the hands of the clock moving to the right, when facing center of an imaginary circle when moving forward. ·CUT Quick change of weight from one foot to the other displacing the supporting foot. ·DO-SI-DO or DOS-A-DOS Two people walk toward each other, pass by the right shoulder step sideward...
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...The word 'impossible' itself spells, 'I'm possible'. Napoleon Bonaparte once remarked, "That the word 'impossible' is found only in the dictionary of fools". In this world, everything is possible on the basis of will power, dogged determination and sacrifice. To accomplish the most difficult tasks, you need to put in a lot of hard work, extra perseverance and concentration on a single objective. You should have patience and faith in yourself. You should have determination, dedication and devotion to attain success. Never bother about the results. Keep on going even if the pace is slow. Just ensure it remains steady. You are bound to face obstacles en route to success, but with courage and perseverance, you can master them. Your positive attitude and clear frame of mind determine your future. In this world, there is no such thing as CHANGE. By your own ideas, will and ability, you can create a number of chances, circumstances and the desired atmosphere to achieve the toughest goal. Great minds have purposes, whereas others simply have wishes. Little minds are tamed and subdued by seeming setbacks, but great minds rise above them and fight their way to victory. Always and never are a fighter and never a quitter. To attain your desired goal, you have to laugh at your trouble and have to forget it. When you laugh at your trouble, you will find it to be a mere bubble, which is swiftly blown away. To gather the fruit, to register victory, to score success, you require unwavering...
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...Thinking It Over 1. What lessons about being a successful entrepreneur did you learn from Ryan and Aaron? Start at any age. Self-directed, action-oriented, and energetic with tolerance to uncertainty. Acting on an idea that is in demand and filling it by taking risks. Knowing risks by analysis of risks. Although not being extremely profitable in the first year, they continued to market and drive their business to success, matching risk with profit. Having a diverse workforce to handle global market. Worked together using their background and talents acting as an entrepreneurial team. Thinking about the environment to reduce waste and utilize the internet and technology (e-commerce). Hired smartly and trained to work more efficient and independently. Globalized their market more increase revenue and profit. Aware of each stakeholder. Didn’t borrow any money to start business Demand capital, good idea, planned, information management, budgeted and accounting, marketing, and employee relations with diversity and globalization. Managerial know-how! 2. Who are the stakeholders of iContact and how are their needs balanced by the company? Stakeholders include: Well trained and diversified employees including Ryan and Aaron, customers (small businesses impacting large businesses), environmentalists, surrounding community of N. Carolina, stockholders if any, web supplier or internet team? Needs are balanced because the two serve stakeholders in side and...
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...students from local community college. Burger Barn is a fast food chain, so they treasure time so they can’t make more money, but if they apply of system to Creamy Creations, it will cause trouble in the future, because the customer base of Creamy Creations are families and students from local, they will not want to be rushed when they come to buy their favorite ice cream at Creamy Creations. Besides that, Creamy Creations has already established the brand image and also customers have the faith in them. The potential future pitfalls that Burger Barn should be aware of will be that the top management message order might not reach the behind-the-counter workers as it is a big organization and it uses a hierarchy level communication flow. Sdfsdfsd fsf dsf sfsdf sdf sdf...
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