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Q: What are the motivation for moving around expenses and revenues in quarters and years?
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Continue Learning about Accounting

What s the profit margin of a restaurant?

An industry wide average is around 10 - 15% profit after all expenses.


What does accrual mean in accounting?

"Accrual" means recording transactions when they happen, rather than when their related cash flows happen. In accrual accounting, you record revenues when they're earned, and not necessarily when you get paid for them. You record expenses when you earn the benefits from them, rather than when you pay them. Revenues are accrued you have earned them from customers, even if you haven't gotten paid for them yet. For example, if you sell and deliver $200 worth of goods to a customer in December, but won't get paid until January, you can record $200 worth of sales and $200 worth of additional accounts receivable in December. Expenses are accrued when you earn the benefits from them, even if you haven't paid them yet. For example, if you use $100 worth of electricity in December but won't pay for it until January, you need to record a $100 expense and also a $100 liability in December. Most generally accepted accounting principles around the world are based on the accrual method.


Describe at least three different types of budgets?

Depending on the nature of the enterprise, whether profit or nonprofit there can be many specialized budgets to handle a particular need. For example: The revenue budget is designed to plan around the income derived from the activities of the firm. The expense budget is based on the expected costs associated with the production of services or products the company makes. The cash budget is developed to make sure the income and outgo of money will produce the cash needed in the day-to-day operations of the firm. A capital expenditures budget is one where hard assets like buildings, machinery, land, etc. are taken into account in the generation of funds to acquire and sustain such assets. The program budget is geared to the individual programs or goals the company has and takes into account the labor, overhead, financial and other items to make the particular program viable. A zero-based program does not use past derived benchmarks but rather starts out at the beginning or zero income/expenses and figures each step of fixed, variable and all other expenses and revenues as a brand new venture.


What are the advantages to American Express Corporate Cards?

American Express Corporate Cards provide a number of services to their users. The first is convenience. Employees the use the card have all their travel expenses listed in one place, can be checked via the specialized website. Management can more easily control expenses when they are organized by the same specialized website. Additionally, the card provides travel insurance, baggage insurance and includes the user in its travel network where there are discounts to participating hotels, car rentals and airlines. At last, but not least, there is the prestige factor of using one of the premiere credit cards around.


Why is it so hard to do your taxes?

This year's taxes may have been a nightmare, but it's not too late to try a few steps to simplify the process for next year: * Keep paper receipts and important documentation in an organized folder so that they're readily available when you need them. * Use personal financing software to keep track of your expenses throughout the year. When tax season rolls around, this will save you the trouble of slogging through paperwork and digging up those old receipts. It can also itemize your expenses and even file your taxes for you. * Subscribe to Tax Tips, an IRS service that delivers help topics by e-mail each business day during the tax-filing season and periodically during the rest of the year.

Related questions

What are the basic principles of motivation?

The basic principles of motivation is that motivation is the key to change, it is influenced by those around, and influenced by social interactions. Motivation is what drives a person and guides them through ordinary situations and extraordinary situations.


What was the motivation of the Gossamer condor?

the motivation behind the gossamer condor was the purpose of human powerd flight and a pollution free way to get around


What is the percentage of income spent on household expenses?

Most people spend around 60% of their income in household expenses. The expenses include things such as mortgage, utilities and food items.


Why are there walls around the new Jerusalem?

there are walls for the four quarters


Would one million quarters reach around the equator?

no


What helps you see in the nightclub - club penguin?

you have to go to head quarters and then you go around in head quarters a put it in your items box


What is the American Red Cross motivation?

to help save the lives around the world


How many Americans have digital cable?

around three quarters of Americans


What is the area around a dog's back legs called?

hind-quarters


How does fashion connect people worldwide?

the motivation that every1 around the world want to be fashion


How heavy is a box of quarters?

The quarters weigh just over 11 lbs plus the cardboard and packing material the box of quarters weighs around 11.2lbs. Also there would be a slight weight variation depending on the year the quarters were made due to different weight specifications during different production era's.


How much does a chicken quarter weigh?

Chicken leg quarters from a fryer chicken weigh around 9 ounces on average. Chicken leg quarters include the thigh and the leg.