...specialize in two broad areas: providing no-cost coaching to people exploring franchise ownership options and conducting business coaching to existing small business owners. Business coaching addresses sagging sales, eroding profits, constant case-flow anxiety, poor work-life balance, and marketing/advertising misfires. XXX is organized as a franchise. That is, each one of the 250+ offices nationwide are independently owned and operated. The company began operations in 1984 and started awarding franchises in 1998. They have a corporate staff of 12 people supporting the 250+ franchisees. In addition, the support staff is responsible for providing support to four other “sister” franchise brands accounting for an additional 229 franchisees. Current Culture Cultural Type: The primary cultural style associated with XXX is Power, scoring in the 98th percentile. Just one point lower and scoring the same 98th percentile are two secondary styles: Competitive and Conventional. The weakest style displayed by XXX XXXXXXXXXXXXX is Affiliative - only scoring a 1 percentile. I totally agree with the primary cultural style of power. The organization is still managed daily by the founder who is a very dominant type leader and person. His behavior style is transferred to the rest of the corporate structure. In addition, all franchisees are independent business owners looking out for their own interests, which accounts for the secondary style of Competitive. Also, the organization...
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...Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000 and $45,000 of drafting equipment to launch the business in exchange for its common stock Imagine you are the owner of a growing technology or service company with a healthy cash flow but little in the way of property and equipment can someone help me use the information in exercise 2-4 to prepare an august 31 trial balance of the owner invested 7,500 cash and 32500 of photographyequipment in the business You just purchased some equipment that is classified as 5-year property for MACRS. The equipment... how would the table of analysis be set up with these transactions: started business with $25,000 paid rent $2,000 purchased equipment $6,000 only paid 40% owes difference purchased food and beverage $4,000 paid 75% in cash owes difference cash sales $4,00 Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012: 1) Started the business by issuing common stock for $7,500 cash 2) Paid cash to purchase $5,000 of inventory 3) Sold inventory that cost $3, What might a small business owner do when faced with a cash crunch (shortage of cash) How does that compare to what a corporate management would do Discuss the type of media that might be most suitable for promoting (a) tomato soup, (b) greeting cards, (c) a business component material, and (d) playground equipment Use the following information to prepare a balance sheet and Bear...
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...Subcontracting refers to the process of entering a contractual agreement with an outside person or company to perform a certain amount of work. The out-side person or company in this arrangement is known as a subcontractor, but may also be called a free-lance employee, independent contractor, or vendor. Many small businesses hire subcontractors to assist with a wide variety of functions. For example, a small business might use an outside firm to prepare its payroll, an accountant to help with its record keeping and tax compliance, or a free-lance worker to handle a special project. Subcontracting is probably most prevalent in the construction industry, where builders often subcontract plumbing, electrical work, drywall, painting, and other tasks. (a) "Contracting" or "subcontracting" refers to an arrangement whereby a principal agrees to put out or farm out with a contractor or subcontractor the performance or completion of a specific job, work or service within a definite or predetermined period, regardless of whether such job, work or service is to be performed or completed within or outside the premises of the principal. (b) "Contractor or subcontractor" refers to any person or entity engaged in a legitimate contracting or subcontracting arrangement. (c) "Contractual employee" includes one employed by a contractor or subcontractor to perform or complete a job, work or service pursuant to an arrangement between the latter and a principal. (d) "Principal" refers to any employer...
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...Task 1 All large business and personal lives are affected by the use of accounting. Accounting ideas affects us as well when we have to take certain decisions how to spend our money. Planning is an important role when we take the decisions about how much money we are going to save and how much money we are going to spend. You can either write your planning which is known as budget or we can just memorize it in your mind. Organisations have a large amount of accounting so they cannot keep everything in their minds therefore they keep frequent records. Organisations do not only record cash received or their expenses but they also record goods purchased and sold, items bought for their own use. This record keeping is called recording of data. Data has to be well- organised this is known as classifying and summarising data. With the help of classifying it can help the business to check how much profit and loss the business has made. By this method resources of the business are identified. From the data collected accountants can determine if the organisation is performing good finances. Accountants should be able to identify the strengths and weaknesses of the organisation. The final step of the accountants is to tell the results the owners of the business or to others how are eligible for this type of information. The management uses this information to take certain desicon in the future of the organisation. Task 2 Capital Expenditure Capital...
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...basic economic decisions. Exercise 1.6 Factors in making a business decision Consult the business section of a local newspaper, or the The Australian Financial Review, or a business journal, such as BRW (Business Review Weekly), and find an appropriate article detailing an important business decision that has been made in the last month. Based on the article, determine the factors that were taken into account in arriving at the decision. Discuss the effects that such a decision will have on various interested parties or stakeholders. Factors to be taken into account in arriving at a business decision include: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Nature of the business entity. Goals of the business entity. Resources available to the entity. Parties involved in the decision-making process. The management level required for the decision to be made. Possible gains or losses anticipated to be experienced by the business entity. Possible alternatives which could be employed by the business entity. The best or worst case scenario for the entity in adopting a certain business decision. Identifying all possible groups both internal and external to the business entity who may be affected. Identifying the stakeholders (i.e. parties for whom or on whom the decision will have a positive or negative impact). Exercise 1.7 Factors in making a government decision Consult a local newspaper, the The Australian Financial Review, or a business journal, such as BRW, and...
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...http://scholarcommons.usf.edu/numeracy/vol7/iss1/art8 Authors retain copyright of their material under a Creative Commons Non-Commercial Attribution 4.0 License. Review of Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers by Karen Berman and Joe Knight, with John Case. Abstract Berman, Karen and Knight, Joe, with John Case. Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers, (Boston MA: Harvard Business Press, 2008). 285 pp. ISBN 978-1-4221-1915-0. From “The art of finance (and why it matters)” (Part One) through “Creating a financially intelligent company” (Part Eight), Financial Intelligence for Entrepreneurs is an engaging explanation and appreciation of financial statements and financial ratios. Short, easily digested chapters; just-in-time boxes to introduce terminology; easy, direct, in-text calculations from bare-bones, hypothetical financial statements to illustrate concepts; a 44-page appendix of crafted exercises on the income statement, balance sheet, cash-flow statement, and financial ratios from two public companies for deeper understanding; a detailed 19-page index for quick, after-you’ve-read-it navigation – all make for an efficient learning opportunity for readers who want a...
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...silver lining in that tax cloud - the newly authorized capital gains exclusion for the stock of certain companies. Under the Act. non-corporate holders of stock in "qualified small businesses" can escape tax on up to one-half of any gain from the sale of that stock which they have held for at least five years. 1. Qualified Small Businesses The new tax benefit is only available if the issuing corporation ("Issuer") is a qualified small business on the date of the stock issuance and during "substantially" all of the period that an investor holds its stock. In order to qualify as a small business. an Issuer must satisfy the following requirements: A. Non-Qualifying Corporations: The corporation cannot be an S corporation; a domestic international sales corporation that has made an IRC section 936 election: a regulated investment company: a real estate investment trust. a real estate mortgage investment conduit or a cooperative. B. Conduct of Active Business: It must use at least 80% (by value) of its assets (including intangible assets) in the actual conduct of a "qualified trade or business." Assets held to meet reasonable working capital needs will be treated as used in the active conduct of a trade or business. A qualified trade or business is any trade or business other than those involving tree performance of service in the fields of health. law. engineering. architecture. accounting, actuarial science. performing arts. consulting...
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...Assignment Number 4 – Business Proposal Strayer University BUS 508 August 24, 2010 Business Description Paw Play is an animal day care for dogs only that caters to working professionals who have disposable income and who want quality care for their dogs while they are at work. The purpose of the business is to provide animals owners a safe place to leave their animals while they are at work so they do not have to be alone all day. The mission of Paw Play is to be the premier leader in animal care by providing a loving, safe, fun environment for dogs in our care. We will treat the animals in a responsible manner and instill trust in the dog owners that demand a high quality of life for their dogs. Paw Play will be established as a Limited Liability Company (LLC) owned equally between two owners. This business structure is ideal for this type of corporation since owners have limited personal liability for the debts and actions of the LLC. Other features of LLCs are more like a partnership, providing management flexibility and the benefit of pass-through taxation (IRS). The start up for Paw Play will be simple and cost efficient. Rent and utilities will be the primary expense, which will consist of a building space large enough for the dogs to have ample room and an office. In addition, an outdoor play area will be set up outside the building for the dogs to get fresh air and exercise. Inventory needed at the start-up of the business will include...
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...product=financial-accounting-complete-course Visit Our website: http://hwsoloutions.com/ Product Description ACCT 212 (FINANCIAL ACCOUNTING) COMPLETE COURSE, ACCT 212 COURSE PROJECT 1 PART A WEEK 3 ACCT 212 COURSE PROJECT 1 PART B WEEK 5 Scenario: You’ve just secured a new client in your accounting practice, the Rawls Repair Corporation, (RRC) a brand new small business specializing in bicycle repair… ACCT 212 Course Project 2 Week 7 P13-50A Top manager of O’Hare Products, Inc., have asked for your help in comparing the company’s profit performance and financial position with the average… ACCT 212 Midterm Exam (TCO 1) The Accounting Equation is used to develop the organization’s financial reports. (1) Describe what owners’ equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners’ equity. (10 points) (Points : 20) (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what assets value would be if Liabilities are $12,000 and Owners’ Equity is $50,000 by showing the Accounting Equation (10 points) and (2) provide an example of two asset accounts that could contain the value. (10 points) (Points : 20) (TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies where cash was generated and where it was spent during the year (10...
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...quality American Pit Bull Terriers. It is our belief that quality is not just a matter of pedigree; it is a complete balance of care, nutrition, socialization, and exercise that measures the high standard of quality of the American Bully. At Kynfolk Kennels, we are very proud of our achievements in producing some of the worlds most eccentric American Bullies, from our prized foundation Bullies that come from top grand champion ancestry, to the worlds most consistent and proven bloodline, "RAZORS EDGE”. The excellence we strive for at Kynfolk Kennel allows us to produce dogs with great temperament, correct conformation, and compact structure with substance, amazing musculature, and beautiful headpieces. Are mission is to give the best to the best. Here at Kynfolk Kennel, “We Are The Best, At What We Do!" Socialization and exercise are very important factors in raising the ultimate companion, and here at Kynfolk Kennel our dogs are raised around people, and are provided with plenty of time and room for exercise and socialization to ensure that all of our customers are completely satisfied with the ultimate bully we provide. All the resident dogs at Kynfolk Kennel are put through a rigorous exercise and training program, in addition to being fed the highest quality nutrition available for canines. These lengths are a small price to pay to ensure we have the highest quality and healthiest breeding stock available that are able to reach their maximum potential and reproductive success...
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...Entrepreneurial Leadership Nina Quarles Strayer University Instructor: Janet Durgin The Business Enterprise April 24, 2011 Common elements found in the thinking of Case, Kouzes, and Drucker It seems that Drucker, Kouzes and Case for the most part have the same theories. Drucker said that in order to reach your on the goal you have to focus on the or effort or passion. Case states that a leader should have people passion and perseverance in the right balance for the business. He used the 3 P's to help guide his direction and goals. Kouzes said that a leader must focus and use motivation by sharing the vision of the passion. My Philosophy As a manager, my philosophy is to have a good working relationship with my employees in order to help them improve their ideas. I am a believer in that my employees are not just "my employees", they are people. They are people with functioning brains with very good ideas. I think that when you take the time to really listen to them, you will find a whole host of creative ideas. When they come to me as their manager, they are looking for constructive feedback to make their ideas better. My belief is to first speak to them as a person with care and respect so that when they walk away, they feel that I truly listened to them. Having regularly scheduled meetings is of high importance so that they know that what they have to bring to the group is going to be heard. I think that helping them to develop their...
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...segment in the market is a veterinarian. When your pet is sick, you take it to be treated. The overarching industry also includes buying pets. Since the pet care industry is very broad, and dominated by PetCo and PetSmart, we are focusing on the niche daycare (boarding) segment of the industry. The daycare industry focuses on providing supervision, companionship, and exercise services for a consumer's pet while away. In 2011, 63.2% of pet owners considered their pets to be family members according to the American Veterinary Medical Association.5 The demand for quality care of animals while the “parents” are away is incredibly high. The pet daycare industry provides the supervision and interaction that comforts pet-owners during either a long-term, short-term, or even daily stay. The main reasons pets are dropped off at a daycare are either due to vacations or daily jobs that take owners away from pets. Very often in this industry a pet daycare facility will offer other pet services such as grooming, pet food sales, and pet supply sales as add-ons to the primary service of boarding; however, this makes up a small percentage of total revenue. Industry specific statistics and details re: pet daycare and boarding The overall pet care industry was worth $55.72 billion in 2013 and is estimated to be $58.51 billion in 20141. It has a breakdown of five different niche categories: food (22.62B), supplies/OTC medicine (13.72B), vet care ($15.25B), live animal purchases (2.19B), and...
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...the sale of body armor for combat soldiers, law enforcement, and private security companies. It started as a very small business and has expanded rapidly to the point of realizing the need to globalize its efforts. Its success has been based of two major factors. First is the ability to deliver a quality product at a low price, and the one on one customer support they offer. Second, and most importantly, is their ability to groom their company structure to fit the needs of both its employees as well as its customers. Through their willingness to be flexible and receptive to change and restructure they have afforded themselves the ability to stay on top of a very high priced and competitive market. Renegade Armor Renegade Armor is a small mom and pop body armor company started in 2010 by Alvin Church and Marcus Treiber. Both former Marines whom were employed by larger body armor manufacturers as salesman after their time in the service. They were highly successful in the sales department both averaging well over 20 million is sales apiece yearly in their last 5 years with their former employer. Both men shared a vision of producing a better product for the military and left their employer to start out on their own. Since 2009 Renegade armor, which started out as two employees cutting Kevlar plates by hand in a small warehouse, has grown into a well groomed business with well over 50 employees and sales representation in several states and United Nations countries. Organizational...
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...Scientific essay International Financial Reporting Standard for Small and Medium Size Entities: IFRS FOR SMEs 1- Introduction Now days the word has become one global market where there is no border for business to operate. To help facilitate that globalization, businesses have to present their financial statement on the same basis as its foreign competitors, making comparisons easier. That why the use of the International Financial Reporting Standards (IFRS) which is a set of accounting standard is necessary and has for goal to provide a global framework for how public companies to prepare and disclose their financial statements is necessary to be implement. Furthermore, companies with subsidiaries in countries that require or permit IFRS may be able to use one accounting language company-wide. But because of their size and the context of the financial statement small and medium size entities SMEs cannot use the same IFRS as the public companies thought the also aspire to the globalization due to the cost of that full IFRS which may overcome their profit. The use of a special IFRS is welcome. To show that, we are going to talk about the appropriateness, necessity and experience of an IFRS for SMEs by in one hand describing the IFRS for SMEs in insisting on the description of the SMEs; and in another hand by stating the need for an IFRS for SMEs and emphasis in the South Africa context. The IFRS for SMEs will be introduce and in detail with more...
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...Week 4 Financing a Business Student: Christina Riggs Professor: Chad Behnke, MBA KHS394: Sports Business Career goals are in abundance when I ponder what the possibilities of finishing my degree might bring. The main one, which is the accumulation of my 5 year plan, is to own my very own fitness facility, not just own it, and operate it as well. There are many smaller goals that need to be reached in order to get to my BHAG (Big Hairy Audacious Goal). I would like to complete my state certification for personal training along with completing the Group exercise Certification. I would like to train and compete in a Figure Competition, really to prove to myself that I can do it. Another goal of mine is to start up a home boot camp class focusing on families. The more I’ve been exercising with my step son the more I feel I would love working with kids and helping them to understand the importance of healthy eating along with exercising. The business that I will be putting into action in 5 years is a Fitness Facility that is geared towards adults and children. Our goal at is to get local families back in shape through fun, education, hard work, and exercise. Unlike many gimmicks promising a "quick fix" that does not work, we have a different philosophy. Our mission is to promote a well-rounded approach to healthy lifestyle modifications as a family or individually through education and innovation. This means that we will help you develop a fun, comprehensive...
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