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Anything RV, Inc.(TM) Announces the Launch of its Anything Trucker and Anything Cleaning Websites
Anything RV, Inc.(TM) was created to capture the potential of the Internet, as a marketplace that showcases products and services that will enhance the recreational experience. Since our launch in December 2005, our company was designed to be a road-map toward a safer and more fulfilling journey. We are committed to featuring 'cutting-edge' products and services that consistently deliver high quality, direct from the manufacturer to the customer at competitive pricing. It is our mission to provide a convenient, one-stop source with an unsurpassed dedication to quality and customer service.
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Audi R10 Race Car Joins Festivals of Speed Supercar Event - World's Finest Cars, Motorcycles, Aircraft and Boats on Display
A fabulous collection of exotic cars, motorcycles and watercraft is set for display at the Vinoy Park in St. Petersburg. The Festivals of Speed takes place over two days, Friday, March 23rd and Saturday, March 24th. Friday evening will see a "Jet Port Reception" and Saturday will feature a display of 150+ exotic automobiles, motorcycles and watercraft displayed throughout beautiful Vinoy park. The charity is the Children's Dream Fund.
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Music For Troops Produces Free, 50-State Music CDs for Men and Women in Uniform
Music For Troops (MFT) recently announced the creation of a boxed set of CDs titled "All States All Stars" that will be sent free to men and women serving in the armed forces in the US and overseas. Boxed Set of Songs Representing all 50 States Will be Released on July 4, 2007.
Women Have a New Hero: Man in the Outback Claims Open Season on Men
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Anything Brands Online Inc to Feature Foldlite? Boats at its Anything Boating Website
Anything Brands Online, Inc. (Pink Sheets: ANYT) announced today that it has entered into an agreement with Foldlite? Boats of Vancouver, Washington to feature their line of energy efficient, environmentally friendly and practical watercraft that can travel anywhere you want to go, whether stowed in the overhead compartment of an airplane or fully assembled on the water. Their lightweight "pack-ability" eliminates the need for roof-racks, trailers and gas gobbling vehicles.
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Beyond Taxes How Your Balance Sheet Statement Can Help You Run Your Business
The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The Balance Sheet shows whether you can meet your obligation as they come due, how much you are indebted to others and your prospects for staying in business.
Assets = Liabilities + Equity. This is the accounting equation. Assets = your stuff. Liabilities and equity = how you paid for your stuff. Liabilities indicate how much of your stuff that you have paid for with other peoples money. Equity shows how much of your stuff that you have paid for with your own money. Retained earnings are exactly what they sound like: how much of previous years profits you have retained in the business.
The terms current assets and current liabilities have a special meaning in the Balance Sheet. Current, in this case, indicates any asset or liability that will convert into cash within the next 12 months. Accounts receivable is current because when your customers pay you (hopefully within 12 months), that asset will become cash. Same with inventory: When you sell your product, that asset converts to accounts receivable and then to cash, typically within 12 months. On the liability side, accounts payable are typically paid within 12 months. So are credit card bills and your bank credit line.
Another interesting feature of the Balance Sheet is that the assets and liabilities are listed according to their liquidity. So cash is the first asset, accounts receivable the second, inventory the third and so on. Fixed assets and investments are listed toward the bottom of the asset side of the balance sheet because they are not expected to convert to cash anytime soon. The same holds true for liabilities: accounts payable first, credit cards next with long-term debt coming in lower on the liabilities side of the Balance Sheet.
Financial ratios are very helpful in assessing the strength of your business. The current ratio (current assets minus current liabilities) indicates how much free cash that you have. A current ratio greater than one indicates that you have sufficient current assets to meet your current obligations as they come due.
The debt to equity ratio (total liabilities divided by total equity) indicates how much of your creditors money as compared to how much of your money is supporting your assets. A debt-to-equity ratio greater than one is a strong indicator that you have borrowed too much. Too much debt is not a problem during good times, but it can wreak havoc when your business dips.
So take a few minutes and look at your Balance Sheet. Compare it with last year and see how your business is progressing. Compare your current ratio and debt-to-equity ratio to last year and see if your business is becoming strong or weaker. You will be surprised at how much valuable information is contained in your Balance Sheet, which otherwise you may not have known only because of being ignorant about some of the basic rules of a Balance Sheet.
Linda Dawson is a Certified Public Accountant with more than 25 years experience helping small and start-up businesses. Dawson & Associates has just introduced their latest service, the Virtual Accounting Office. Learn more about this exciting new product at www.myvao.com Or check out the Dawson & Associates website at www.dawsoncpa.com.
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