Working Capital Management Essay Example for Free

Working Capital Management Essay Finagle A Bagel was purchased in 1998 by Alan Litchman and his wife Laura Trust. At the time Finagle had been in operation for 4 years and operated out of 4 locations. Having come from a corporate background with no bagel baking experience, Alan and Laura faced with many financial and operations decisions with their purchase. Situations such as renting a facility or owning it, incurring debt or partnering with a venture capitalist, building banking relationships, opening lines of credit, and establishing trade credit. Each of these decisions effected if Finagle was in the red or black. Many small companies are faced with similar decisions, determining if the cost is justified and the potential return. When Alan and Laura purchase Finagle, they determined that they wanted to own their facilities, arguing that in the long term it is better to own then rent. This was very advantageous for Finagle as it put them in a position to negotiate with banks when the economy declined. Finagle built partnerships with banks as they were seen as a good investment to the banks, this in turn meant lower interest rates to finance their debt. Early on Finagle had the opportunity to take on partners as a means to raise capital, but they decided instead to take on debt which allowed them to continue to operate their business without oversight. Venture capital partners could have enabled Finagle to grow faster without debt but it could have cost them control over the long term direction they saw for Finagle. As with any business, a good accounting department is necessary. Determining if spending justifies the cost, for Finagle they recognized that they need to spend $10,000 to earn $1,000; as a majority of the profit went to overhead such as electricity and personnel. Understanding the cost of spending enabled the company to be competitive in the marketplace and position themselves for the long-term. Small retail operations see cash daily through individual purchases. Cash  in hand adds surplus to the bottom line as Finagle is seeing immediate payment but has 20 days before they have to pay their vendors. When Finagle started to grow and place their products in grocery stores, they were no longer receiving payment for their goods immediately. The grocery store would provide payment within a stated period of time however Finagle could not delay paying their vendors until they received payment from the grocery store. To combat the time delay between accounts receivable and accounts payable, Finagle opened a line of credit and negotiated the use of trade credit with their vendors. Having multiple means to service their debt has helped Finagle a Bagel to grow into a successful organization. Through strong leadership and working capital management, Finagle has grown to have 5 retail locations, partnerships with 26 grocery stores that stock fresh and frozen bagels, and 12 distributors (Finagle A Bagel, 2014). References Finagle A Bagel. (2014). Where to Buy. Retrieved from http://www.finagleabagel.com/where-to-buy.aspx#!cafe-locations Parrino, R., Kidwell, D., Bates, T. (2012). Fundamentals of Corporate Finance (2nd ed.). Hoboken, NJ: John Wiley Sons.

Analysis of My Papas Waltz Essay -- Poetry Theodore Roethke

In the poem "My Papa's Waltz" written by Theodore Roethke, the interpretation of the poem depends on the readers`perspective. Some people think that this poem is one of a happy exchange between a father and son. Other people believe that this poem has a hidden message of parental abuse. In my point of view, the imagery and language, the symbolism, and tone in the poem gave me the impression of the love between the father and son, not of an abusive relationship. "My Papa's Waltz" is a poem presented in a form that uses specific images and language to present a happy memory that a man has of his father, even in a situation where his father was drunk. Words such as "romped" (line 5), "waltzing" (line 4), "clinging to your shirt," (line 16) express the enthusiasm of the event and the boy's response to it. Simultaneously, the poem starts with the author stating that his father is very drunk by mentioning "the wiskey on your breath could make a small boy dizzy" (line 1-2). In addition, a waltz is a type of dance in which someone must lead and the father is the one leading the child in t...

Masasi’s Trial Balance

Accounting Adjusting Entries, Posting and Preparing an Adjusted Trial Balance MASASI COMPANY, INC. Trial Balance June 30, 2008 Account Number Debit Credit 101 Cash $ 7,150 112 Accounts Receivable 6,000 126 Supplies 2,000 130 Prepaid Insurance 3,000 157 Office Equipment 15,000 201 Accounts Payable $ 4,500 209 Unearned Service Revenue 4,000 311 Common Stock 21,750 400 Service Revenue 7,900 726 Salaries Expense 4,000 729 Rent Expense 1,000 Total $38,150 Total $38,150 In addition to those accounts listed on the trial balance, the chart of accounts for Masasi Company,Inc. lso contains the following accounts and account numbers: No. 158 Accumulated Depreciation—Office Equipment, No. 212 Salaries Payable,No. 244 Utilities Payable, No. 631 Supplies Expense,No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense. Other data: 1. Supplies on hand at June 30 are $600. 2. A utility bill for $150 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. $2,500 of unearned service revenue has been earned at the end of the month. 5. Salaries of $2,000 are accrued at June 30. 6.The office equipment has a 5-year life with no salvage value. It is being depreciated at $250 per month for 60 months. 7. Invoices representing $1,000 of services performed during the month have not been recorded as of June 30. Instructions: (a) Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal. (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. (c) Prepare an adjusted trial balance at June 30, 2008. Use the templates in Appendix D.Complete all three tabs. (a) J3 |Date | |Account Titles and Explanation | |Ref. | |Debit | |Credit | |2008 | | | | | | | | | |June 30 | |Supplies Expense | |631 | |1,400 | | | | | |Supplies | |126 | | | |? ,400 | | | | ( $2,000 – $600) | | | | | | | | | | | | | | | | | | 30 | |Utilities Expense | |732 | |? 50 | | | | | |Utilities Payable | |244 | | | |? 150 | | | | | | | | | | | | 30 | |Insurance Expense | |722 | |? 50 | | | | | |Prepaid Insurance | |130 | | | |? 250 | | | | ($3,000 ? 12 months) | | | | | | | | | | | | | | | | | | 30 | |Unearned Service Revenue | |209 |2,500 | | | | | |Service Revenue | |400 | | | |2,500 | | | | | | | | | | | | 30 | |Salaries Expense | |726 | |2,000 | | | | | |Salaries Payable | |212 | | | |2,000 | | | | | | | | | | | | 30 | |Depreciation Expense | |711 | |? 250 | | | | | |Accumulated Depreciation— | | | | | | | | | | Office Equipment | |158 | | | |? 250 | | | | ($15,000 ? 0 months) | | | | | | | | | | | | | | | | | | 30 | |Accounts Receivable | |112 | |1,000 | | | | | |Service Revenue | |400 | | | |1,000 | (b) CashNo. 101 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |7, 150 | Accounts ReceivableNo. 112 Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? 6,000 | |30 | |Adjusting | |J3 | |1,000 | | | |? 7,000 | SuppliesNo. 126 |Date | |Explanation | |Ref. |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? 2,000 | |30 | |Adjusting | |J3 | | | |1,400 | |? 600 | Prepaid InsuranceNo. 130 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? ,000 | |30 | |Adjusting | |J3 | | | |250 | |? 2,750 | Office EquipmentNo. 157 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |15,000 | Accumulated Depreciation—Office EquipmentNo. 158 |Date | |Explanation | |Ref. |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | | | |250 | | 250 | Accounts PayableNo. 201 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? 4,500 | Unearned Service RevenueNo. 209 Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? 4,000 | |30 | |Adjusting | |J3 | |2,500 | | | |? 1,500 | Salaries PayableNo. 212 |Date | |Explanation | |Ref. |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | | | |2,000 | |2,000 | Utilities PayableNo. 244 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | | | |? 150 | | 150 | Common StockNo. 311 |Date | |Explanation | |Ref. |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |21,750 | Service RevenueNo. 400 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | |? 7,900 | |30 | |Adjusting | |J3 | | | |2,500 | |10,400 | |30 | |Adjusting | |J3 | | | |1,000 | |11,400 | Supplies ExpenseNo. 631 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 |Adjusting | |J3 | |1,400 | | | |1,400 | Depreciation ExpenseNo. 711 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | |250 | | | |? 250 | Insurance ExpenseNo. 722 |Date | |Explanation | |Ref. |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | |250 | | | |? 250 | Salaries ExpenseNo. 726 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |? ,000 | |30 | |Adjusting | |J3 | |2,000 | | | |? 6,000 | Rent ExpenseNo. 729 |Date | |Explanation | |Ref. | |Debit | |Credit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Balance | |? | | | | | |1,000 | Utilities ExpenseNo. 732 |Date | |Explanation | |Ref. |Debit | |C redit | |Balance | |2008 | | | | | | | | | | | |June 30 | |Adjusting | |J3 | |150 | | | |? 150 | (c)MASASI COMPANY, INC. Adjusted Trial Balance June 30, 2008 | | |Debit | |Credit | | Cash | |$? 7,150 | | | |Accounts Receivable | | ,000 | | | |Supplies | |600 | | | |Prepaid Insurance | | 2,750 | | | |Office Equipment | |? 15,000 | | | |Accumulated Depreciation—Office | | | | | | Equipment | | | |$ 50 | |Accounts Payable | | | | 4,500 | |Unearned Service Revenue | | | |1,500 | |Salaries Payable | | | | 2,000 | |Utilities Payable | | | | 150 | |Common Stock | | | |? 1,750 | |Service Revenue | | | |? 11,400 | |Supplies Expense | |1,400 | | | |Depreciation Expense | | 250 | | | |Insurance Expense | | 250 | | | |Salaries Expense | | ,000 | | | |Rent Expense | | 1,000 | | | |Utilities Expense | | 150 | |  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   | | | |$41,550 | |$41,550 | http://www. google. com. vn/url? sa=t&rct=j&q=&esrc=s&source=web&cd=16&ved=0CGEQFjAFOAo&url=htt p%3A%2F%2Fww2. justanswer. com%2Fuploads%2FBusinessTutor%2F2010-01-13_004112_P3-2A. doc&ei=veS2UK-uBuahigf5iIGgAw&usg=AFQjCNGG338kPyI9kNi9KfLTWh4V2fYbfg&cad=rja

Questions On Taxonomy And Need Of Trust - 1126 Words

3.Trust based Security In this section, we discuss the definitions, taxonomy and need of trust in designing the security scheme. need of trust in outlining the security plot. The major audit was focused on the plan issues on vitality effective trust assessment and adaptivity in building up the security structure. The trust has impacted in many controls of context systems. Be that as it may, the carelessness or nonappearance of trust brought about the postponed benefit get to, correspondence, and business reckoning. Subsequently, trust is utilized as one of the security parameter while giving the administration access in the universal systems. As trust is subjective, it is related with the physical and advanced setting while assessing.†¦show more content†¦Numerous analysts have specified that the accessibility of reliable hubs, comprehend the security challenges in the network[41]. Subsequently, trust based security is required instead of standard validation and get to control. By including more noteworthy adaptability in outlining strategies, trust gives more control over getting to administrations and data. Consequently, the contribution of trust assessment and administration in giving security about the setting mindful installed in the security system[42]. Subsequently, trust is c onsidered as another examination attributes[43] in the field of versatile security. The assessed trust levels are used for choice making[44] in keen situations. In addition, trust is not characterized once and proceeded Figure 3: Scientific categorization of trust. 3.1 Trust Assessment and Policy based Trust Security The joining of trust[23] broadened the security framework by outlining the arrangements and control over getting to administrations/data. The utilization of metaphysics based approaches is relegated progressively or made to the new part by presenting the trust consider. These systems can deal with just when the trusted party knows the clients in the same working condition. However, the earth is most certainly not ready to present a portion of the variables, for example, †¢ how trust is assessed †¢ how much trust is required and †¢ how much get to control is conceivable. 3.2 Energy EfficientShow MoreRelatedDiscussion On An Instructional Method962 Words   |  4 Pagestogether to solve problems and to talk through ideas fosters positive results† (as cited in 2011). A good way to approach the discussion method is to use the Blooms’ Cognitive Domain of the Taxonomy of Educational Objective as illustrated: A. Knowledge, encouraging students to remember information and questions should be formatted with terms such as how many? How Much? Describe, Label, match. This is knowledge based on previously learned material; B. 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