Tag: 101
101: Statement of Cash Flows Part II
ABC Corp. Statement of Cash Flows for 2010 Cash Provided or Used Operating Activities Net Income $23,000 Adjustments Due to Changes in Working Capital: Increase in Accounts Receivable ($12,500) Increase in Inventories ($15,000) Increase in Accounts Payable $1,500 Increase in Accrued Payroll $1,000 Net Cash Provided by Operating Activities ($2,000) [...]
Posted by Gregg Schoenberg on Wednesday, February 1st, 2012Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
101: Income Statement Part II
ABC Corp. Income Statement Dec. 31, 2010 Total Revenue $150,000 Cost of Goods Sold (COGS) $60,000 Gross Profit $90,000 Operating Expenses Research & Development (R&D) $5,000 Selling, General and Administrative Expenses (SG&A) $45,000 Operating Income Earnings Before Interest & Taxes (EBIT) $40,000 Interest Expense $5,000 Taxes (30%) $12,000 Net Income $23,000 In our [...]
Posted by Gregg Schoenberg on Monday, January 23rd, 2012Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
101: Income Statement Part I
We recently wrapped up our two-part piece on balance sheets, and today we are going to move on and start taking a look at the next financial statement on our list, the income statement, also called a “profit and Loss Statement”. Unlike the balance sheet, which looks at a company’s financial position at a specific [...]
Posted by Gregg Schoenberg on Tuesday, January 17th, 2012Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
101: Balance Sheets Part II
Assets Dec. 31, 2010 Liabilities & Equity Dec. 31, 2010 Cash $12,000 Accounts payable $6,000 Accounts receivable $13,000 Notes payable $4,000 Inventory $10,000 Accrued payroll $8,000 Total current assets $35,000 Total current liabilities $18,000 Long-term debt $20,000 Fixed assets $15,000 Total liabilities $38,000 Common stock $10,000 Retained earnings $2,000 Total common equity $12,000 Total [...]
Posted by Gregg Schoenberg on Wednesday, January 11th, 2012Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
101: Balance Sheets Part I
With this blog we are going to begin a multi-part series in which we explore, explain, and hopefully enlighten our readers about the often-confusing world of financial statements. We’ll be looking at the three most common statements—the balance sheet, the income statement, and the statement of cash flows—and trying to give you an understanding of [...]
Posted by Gregg Schoenberg on Tuesday, January 10th, 2012Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
QR Codes: An Inexpensive Way to Market Your Business
Recently, little black and white squares have been popping up everywhere! These tiny blocks are called QR (quick reference) codes, which can imbed a great deal of information. QR codes have thousands of uses, and creative business owners are coming up with new ways to use them in marketing their businesses. QR codes engage customers! [...]
Posted by Brett Melson on Monday, January 2nd, 2012Posted in 101
Tags: 101, Marketing
101: Self Filers
Thinking about forming a Delaware LLC or Corporation and need a Delaware Registered Agent for your filing? Harvard Business Services, Inc. has been around for 30 years and has provided Registered Agent service to thousands of happy clients all around the globe. Our annual fee is $50 guaranteed as long as it’s paid on time. [...]
Posted by Cortney Sharp on Wednesday, December 14th, 2011Posted in 101, Delaware
Tags: 101, Delaware
Changing Behavior For Sales Performance Part IV
Putting It All Together In the last three installments of this series, we have endeavored to build a case that our beliefs must be in congruence with our ethics and values in order to reach our full potential as sales people. Beliefs drive behaviors and behaviors drive results. So, if you can’t learn these principles [...]
Posted by Tom Caso on Wednesday, November 30th, 2011Posted in 101, Sales
Tags: 101, Sales
101: Compounding and Planning
Back in our inaugural HBS post, we had a look at the way interest rates are set by the Federal Reserve and the effects that rates have on entrepreneurs who need to borrow money to launch or support their businesses. Now we want to take a look at how rates affect those who are saving to [...]
Posted by Gregg Schoenberg on Tuesday, November 22nd, 2011Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
101: Exchange Rates Part II
In our previous HBS post we gave an overview of the way that currency markets operate and explained the importance of foreign exchange rates to many small business owners in today’s global economy. Now let’s take an in-depth look at some of the specific ways that exchange rates can affect your business and propose some solutions [...]
Posted by Gregg Schoenberg on Wednesday, November 16th, 2011Posted in 101, Finance and Economics
Tags: 101, Finance and Economics
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