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Show your business value with an income statement and a balance sheet
Posted by juliabennet on December 7th , 2012
For any business an income statement and a balance sheet are a must for multiple purposes. These statements show all the interested parties how the business has performed over a period of time. Shareholders want to see these statements because they want to know how much dividend they stand to earn. Creditors want to see these statements because they want to be sure that the money that they have lent has gone to a proper enterprise. Investors want to see these statements because they want to ensure that they are going to get good returns on their investments.
The other name for the income statement is Profit & Loss Statement. It is the financial statement of a company that shows how the top line and the bottom line of the company look like during a specific period. It takes into account all the revenues earned by the organization during a specific period and how the expenses and various costs are charged against the revenue earned. The expenses and costs also include depreciation, amortization and write-offs, if any. The purpose of the P&L statement is to show those avenues through which the company earned money and those avenues where money was spent.
Typically a detailed income statement is prepared using a multi-step process. The gross profit of the company is first calculated by deducting all direct costs from the revenue earned (also referred to as cost of goods sold). The operating expenses of the company are then deducted from the gross profit to arrive at the income from operations. Any other revenue earned is added to this figure and any other cost or expense is then deducted. The calculation now shows income before taxes. The taxes are now deducted and the net income for the period is arrived at.
The balance sheet is prepared to determine the financial position of the business. When viewing a balance sheet, the reader can isolate the financial strengths and financial weaknesses of a company.
A balance sheet is typically prepared at the end of the financial year; although quarterly and semi-annual balance sheets may also be prepared.
This statement has typically three components to it. The first component is the consolidated value of assets. The second component is the consolidated value of liabilities. The third component of the balance sheet is known as equity which is the difference between the assets and the liabilities. When this statement is prepared it has to be kept in mind that the total of liabilities and equities must equal the total of assets.
Both the income statement and the balance sheet show how healthy a company is. There are specific formats for preparing these statements and usually professional accountants do this job. But it is possible to learn how to make these statements and small business owners can save a lot of money by making these statements themselves. There are enough online resources for learning.
One of the best ways to show the value of a business is by presenting an income statement and a balance sheet.
Are you losing your hair? It may be a simple fix by hair replacement service鈥攍ike taking more or less of a vitamin鈥攐r trickier to negotiate. It's right that men are more possibly to fall their hair than women, frequently due to male pattern baldness (more on that following).
But thinning hair and hair loss are also popular in women, and no less demoralizing. But you don鈥檛 have to worry because non-surgical hair loss solutions are there for you. Causes can range from the easy and short鈥?Lack of vitamin鈥攖o the more complicated, like an underlying health status.
In many cases, there are methods to treat both male and female hair loss. It all depends on the reason. Here are some general and not-so-common ideas why you might be observing shorter hair on your head.
1. Physical Stress
Any kind of physical trauma鈥攐peration, a car accident, or a critical illness, even the flu鈥攃an cause irregular hair loss. This can trigger a type of hair loss called telogen effluvium. Hair has a scheduled life cycle: an increasing phase, rest phase and shedding phase. When you have a very stressful event, it can disturb the hair cycle, (pushing) more hair into the shedding phase, explains Marc Glashofer, MD, a dermatologist in New York City. Hair loss often displays remarkable three-to-six months after the trauma.
2. Pregnancy
Pregnancy is one instance of the kind of physical stress that can cause hair loss (that and hormones). Pregnancy-related hair loss is seen more usually after your baby has been delivered preferably than really throughout pregnancy. Giving birth is actually pretty traumatic.
3. Too Much Vitamin A
Enhancing vitamin A-containing supplements or medicines can trigger hair loss, according to the American Academy of Dermatology. The Daily Value for vitamin A is 5,000 International Units (IU) per day for grown-ups and kids over age 4; supplements can carry 2,500 to 10,000 IU.
4. Absence of Protein
If you don't get adequate protein in your diet, your body may distribute protein by closing down hair growth, according to the American Academy of Dermatology. This can occur about two to three months after a drop in protein consumption, they say.
5. Male Pattern Baldness
About two out of three men experience hair damage by age 60, and the maximum of the moment it's due to male pattern baldness. This type of hair loss, created by a combo of genes and male sex hormones, normally matches a classic pattern in which the hair falls at the temples, dropping an M-shaped hairline.
6. Heredity
Female-pattern hair loss, called androgenic or androgenetic alopecia, is fundamentally the female version of male pattern baldness. If you come from a family where women bega. |
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