Assets & Liabilities
Financial Statements
Accounting Formulas
100
Liabilities + Owner's Equity
Assets
100
Tells financial health
Gauge the strengths, weaknesses, & opportunities of a company
Financial Statements
100
Collects information from Receiving such as: packing slip, receiving log, discrepancy note, and, purchase order
Data Can be either manually or electronically stored
Accounts Payable
200
Includes Current Assets & Fixed Assets
Assets
200
Compares current & past position
Does not show how well it is currently functioning
Shows assets, liabilities, & owner's equity
Balance Sheet
200
Revenues from investment resulting in profit
Return on Investment (ROI)
300
Includes Current Liabilities & Long Term Liabilities
Liabilities
300
Profit/loss statement
Identifies the amount of revenue generated
Income Statement
300
Calculates most efficient order quantity
Inputs include: annual usage & units costs, order cost, carrying costs, insurance, utilities, etc.
Costs of storage per sq. ft. & variable costs per qty.
Economic Order Quantity (EOQ)
400
Cash receipts minus cash payments
Cash Flow Statement
400
Fixed Cost
_____________________
(Price - Variable Cost)
*Price=patient charge
*Fixed Cost=cost for equipment, training, & maintenance
*Variable Cost=costs for supplies used per patient
*Volume=how many patients
Break Even Point (BEP)