global warming. Global warming is divided into two main causes which are man-made and natural causes. Man-made causes probably do the most damage and are things which we are able to control by “Reduce‚ Reuse and Recycle”. Therefore‚ we choose eco hair salon for our green business project which is one way of reducing man-made cause of global warming. 1 What is green business? Sustainable business‚ or green business‚ is enterprise that has no negative impact on the global or local environment‚ community
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Managerial Accounting Project 4 Jake Thomas ASU Managerial Accounting Project 4 For this particular project‚ I have been asked to evaluate Andre’s Hair Styling business so that the best decisions can be made. In evaluating Andre’s Hair Styling‚ 4 pieces of information are required in order to provide the business with a clear picture thus helping business to determine what adjustments need to take place. When making this assessment‚ in is important to keep in mind that Andre has 5 employees
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plan is prepared to obtain financing in the amount of $10‚000 to complete the service development‚ set up operations base‚ and implement an aggressive sales and marketing program. The Hair Salon is a proposed new business. Principal has developed the skills and knowledge to manage and provide hair salon services for Fort Frances‚ and the surrounding area. The total market potential for the first year is $1‚746‚675. The business will be profitable in the first year of operation and conservatively
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Hot Heads Salon 1 Hot Heads Salon 1234 Beach Road Boynton Beach‚ FL 33426 (561) 123-1234 Business Plan Kelly C. Kern Michael Marzelli Misty Smith Entrepreneurship Dr. Lam Nguyen February 1‚ 2012 Hot Heads Salon 2 Table of Contents Company Information Environmental and Industry Analysis Products and Services Marketing Research Evaluation Marketing Plan Operations Plan Management Team Timeline Risks and Assumptions Community Benefits Exit Strategy Financial Plan Executive Summary Appendices Hot
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COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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The balance sheet‚ income statement and cash flow statement are closely related. Basically‚ a balance sheet describes a company’s assets‚ liabilities and stockholder’s equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a company’s
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A balance sheet is a financial statement that reports the assets‚ which are resources owned by a business‚ liabilities‚ and stockholders’ equity at a specific date. Examples of assets would be computers‚ delivery trucks‚ furniture‚ and buildings. A balance sheet has two categories: Assets‚ liabilities‚ and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes
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Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current
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equity on January1‚ 2012 called the balance sheet. The report the reader will see below is a current balance sheet for a company called Custom Building that I personally work with. Working one on one with the owner has offered quite a bit of experience in the accounting world. The reader will be able to view the balance sheet below‚ following the explanation of the balance sheet for Custom Building discussed in full. Custom Building Company Balance Sheet January 1‚ 2012 Non-current Assets
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Rent Expense | 6‚200 | Electricity Bill – paid on May 30‚ 2011 | 8‚500 | Land | 15‚000 | Depreciation Expense | 31‚750 | | | Required Prepare a fully classified vertical format Balance Sheet for Nguyen Bich Fitness Club as at June 30‚ 2011 EXERCISE 2. The following are account balances of Brickwork as | | | | at 31 December 2010: | | | | | | | | | | | | | | Account | Amount ($) | | | | | | Plant & machinery | 25‚000 | | | | | |
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