By Conrad Carlberg
Take keep an eye on of the base line utilizing professional ideas and Excel's robust monetary features! even if you personal a small company or paintings for a wide company; no matter if you're looking for support making monetary and company judgements -- this booklet is for you. Business research with Microsoft Excel, moment Edition offers in-depth details that would maximize your use of the instruments inside of Excel. specialist suggestion and advice from an skilled writer give you the solutions for your such a lot urgent questions.
Read Online or Download Business Analysis with Microsoft Excel (2nd Edition) (Que-Consumer-Other) PDF
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Additional resources for Business Analysis with Microsoft Excel (2nd Edition) (Que-Consumer-Other)
If they stray too far from percentages that management considers acceptable for a given aging period, it may be necessary to either tighten or relax the requirements for extending credit to a particular customer. Cells B10:B14 contain historical information about the percentage of accounts that become uncollectible after a given period of time has elapsed. Bell Books’ past experience has shown that half of 1% of all current credit sales go unpaid, 2% of credit sales from 1 to 30 days are past due, and so on.
Adjusting entries, shown in row 10, column D and row 19, column E show how much—$160—of the unearned fee has been earned during July. The four adjusting entries previously described pertain to activities that both begin and end during an accounting period: for example, the use of $136 in office supplies began on July 1 and ended on July 31. An adjusting entry can also be used to record an activity that spans accounting periods. Suppose that Martin prepares an assistant’s salary check, in payment for the prior two weeks, one week before the end of the month.
Suppose that you use your credit card to buy a new set of golf clubs at your local sporting goods store. The store recognizes the revenue when you sign the credit slip, but it does not receive cash until your credit card company sends it payment. The lag between recognition of revenue and cash payment can be significant. The fact that a company is profitable is no assurance that its cash flow will be sufficient to keep it solvent. Income statements are necessary for a company’s management to understand the relationship between the company’s revenues and its expenses—its profitability—over a given period of time.