Income Statement 1/1/2008 - 12/31/2008 | Revenue | | | $3‚249‚580.53 | | Direct Expenses | | | | Salaries & Wages | $487‚437.08 | | | Vehicle Maintenance | $64‚991.61 | | | Fuel | $20‚449.80 | | | Traps & Chemicals | $1‚378‚203.63 | | | | $1‚951‚082.12 | $1‚951‚082.12 | | | Indirect Expenses | | | | Rent | $39‚338.17 | | | Licenses | $2‚480.00 | | | Insurance | $103‚613.43 | | | Administrative Salaries |
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Berry’s Bug Blaster Due to the recent success of Berry’s Bug Blasters the owner is seeking to expand operations and has three options in which to fund this expansion. The first option is to take the company public by offering shares of the company in the form of an initial public offering (IPO). The owner can also seek to purchase the struggling competitor. The final option is to merge the business with another pest control company. The owner of the company must weigh each option because each
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Ethics ACC/291 August 4‚ 2012 Ethics The Sarbanes-Oxley Act of 2002 was approved in order to keep corporations form scamming the government. The law was a consequence of many corporate scams. This law was to protect the investors and give them the correct information and to make the corporations reveal all information which may impact an investor’s judgment of the corporation. This act/law will make corporations complete an internal audit from time to time as to keep all the information correct
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Team Learning Summary Week Three By: Alicia Pepitone‚ Mohil Shah and Tillie Richardson ACC/290 08/18/2012 Michael Mitchell Team Learning Summary According to IRS‚ "Cash and accrual based accounting both have general rules of putting in the gross income. With cash you must also enter property and services at their fair market value. Accrual is the income for the tax year that all events of income occurred. Accrual based accounting have special rules for
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Direct and Indirect Cash Flow Cassandra Stewart ACC 291 June 18‚ 2014 Susan Schulz / Direct and Indirect Cash Flow Differences between direct and indirect cash flow are just what they seem. Direct statement of cash flow identifies a company’s sources and uses of cash. This cash flow has three sections that include operating‚ investing‚ and financing activities. Operating activities includes receipts and payments from normal business operations. Investing activities include the purchase
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[pic] |Course Syllabus School of Business ACC/290 Version 3 Principles of Account I Course Start Date: : 05/20/2013 Course End Date: 06/24/2013 Group Number: GA12BSB12 | |Copyright © 2011by University of Phoenix. All rights reserved. Facilitator Information hours. I am available to answer questions between class meetings by phone‚ OLS postings or email. Also‚ I will be in class approximately
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Strengths of IPO Going public through an Initial Public Offering‚ or IPO‚ could be a great way for Berry’s Bug Blasters to raise a substantial amount of cash very quickly. This infusion of cash‚ if managed properly‚ could help their company expand into other geographic regions or expand their service offerings. They could use this cash‚ which they would otherwise not have‚ to purchase the necessary equipment to improve their pest treatment services. For example‚ by investing in “greener” pest
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Ratio Analysis Memo ACC 291 Ratio Analysis Memo For this assignment we need to choose a virtual organization and prepare a memo to the CEO to discuss the findings from our ratio calculations and also submit a horizontal and vertical analysis for the balance sheet and the income statement. The virtual organization our team chose was Berry’s Bug Blasters. Listed first in this paper will be the ratio calculations; liquidity‚ profitability‚ and solvency. Solvency Ratios | Debt to Total
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Week Three Weekly Reflection ACC/291 PRINCIPLES OF ACCOUNTING II Weekly Reflection Week Three There are many topics that are covered in week three and with the Christmas and New Year’s break the team would find it beneficial to cover all the topics. These topics include: Chapter 11 1. Identify the major characteristics of a corporation. 2. Record the issuance of common stock. 3. Explain the accounting for treasury stock. 4. Differentiate preferred stock from common stock. 5. Prepare
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Team C Week 4 Summary David Ramirez‚ Kelvin Hemmingway‚ Chad Etzler ACC/291 August 26‚ 2013 Ins: James Covert Introduction As we advanced through week 4 of Principles of Accounting II‚ so far‚ we have absorbed ourselves with a litany of accountancy material. Week 4 continued with variety of content that contained: identifying kinds of shares issued by companies‚ computing shares‚ dividends‚ and stock splits‚ and documenting treasury stock deals. Also discussed in text and throughout discussion
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