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Anne Marie, the owner of Anne's Beauty Salon, comes to see you again. She tells you that she just got her year-end set of financial statements from her accountant and is more confused. Here are her questions.
I have very little cash and yet he says that I had a good year with $15,000 net income. He said it was because we use accrual accounting (whatever that means). I know I paid 6 month's rent ($1,400 a month) in advance at the end of the year. I also paid my insurance for the next year. Insurance cost $6,000. I have several customers who had a lot of services done on credit and haven't paid yet. I think that totals $11,948 owed to me. Can you explain?
I was paid $200 in advance for some hair coloring I will do in January. He tells me that's a liability. That doesn't make any sense to me? Please explain.
In December I did several hair several haircuts during the last week of the year and sent bills to all the customers? When is that counted?
Is there anyone willing to log onto a website to take an online 'business analysis using excel' test?
Illustrate what is the price of perpetuity that has a coupon of $50 per year also a yield to maturity of 2.5%? If the yield to maturity doubles to 5%, illustrate what will happen to its price?
autocratic democratic or laissez-faire stylewould you prefer to work for a leader with an autocratic democratic or
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The percent of sales method is based on historical information. Giving consideration to the turbulent first decade of this century with wars
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What are some of the common "decision making pitfalls" and indicate how they can best be addressed.
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