ADPR5910 Exam 2 Lecture Notes 6

ADPR5910 Exam 2 Lecture Notes 6 - ADPR5910 Notes 3/22/2011...

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ADPR5910 Notes 3/22/2011 Cash: fast growth = high need for cash Setup: setting up the business Assets: equipment, machinery Credit: borrowing to grow Production: manufacturing, training; highest cash consumption Sales: sold on credit? Collection: critical step Cash vs. Accrual Cash accounting = checkbook Accrual accounting is more common - Records transactions when they actually happen (e.g., a sale on credit is recorded when the customer is invoiced, not when she pays) Cash Flow Statement Starts with Net income Direct vs. Indirect method - Direct: cash coming in and cash going out - Indirect: preferred, adjusts for changed in balances that affect available cash (like Accrual) Harry’s Hardware Chapter 9: Budget Assignment: Choose type of organization - Corporation - Non-profit 1. Setting up an organization 2. One PR campaign/brochure/activity 3. Cut budget by 20% 1. Justify Costs/Numbers a. 4 employees (salaries) i. Partners or one main director ii. Communications officials
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This note was uploaded on 09/07/2011 for the course ADPR 5910 taught by Professor Reber during the Fall '10 term at UGA.

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ADPR5910 Exam 2 Lecture Notes 6 - ADPR5910 Notes 3/22/2011...

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