Instructions: Objectives: Study Tips:
|
|
|
- Esmond Ball
- 9 years ago
- Views:
Transcription
1 Instructions Objectives Study Tips Overview Accounting Applications Class Interaction and Discussion Optional Small Group Extension Activity Optional Internet Exploration and Research Activity Summary Questions Instructions: 1. Print and read the following case study. 2. On your own, complete the Accounting Application questions. 3. As a class, complete the Class Interaction and Discussion questions. 4. Optional: Complete the Small Group Extension Activity and Internet Exploration and Research Activity. 5. Complete the Summary Questions. Objectives: After completing the following case study, you will be able to: Discuss the revenue and expenses of a small service business Explain how investments made by a business owner affect the accounting equation Locate resource materials that would be helpful in starting a new business Study Tips: Complete this case study after Chapter 3, Glencoe Accounting, First-Year Course. Approximate time to complete: 45 minutes. Copyright Glencoe/McGraw-Hill. All rights reserved. 1
2 Overview: Dr. Paula Loniak of Athens, Georgia, has worked with animals for more than 25 years. She has been a racehorse groom, a boarding kennel manager, a veterinary technician, and a veterinarian. Dr. Loniak started a sole proprietorship called Vet-to-Pet, a house call practice for dogs and cats. Dr. Loniak visits pets in their homes to provide basic veterinary services. She treats illnesses such as skin problems, allergies, ear and eye irritations, minor wounds, and abscesses. Vaccinations and lab screening tests are also administered. Dr. Loniak considers her services to be a supplement to the care given by other veterinarians, and is intended for those who have a hard time getting their pets to a clinic. Dr. Loniak works independently and uses a van to make her house calls. She charges an initial fee, which covers her expenses traveling to the patient s home. This fee varies depending on the distance Dr. Loniak must travel. She also charges for the exam and any treatment, lab work, or medication required. She offers a sliding scale (lower, variable fees) for senior citizens on fixed incomes. She serves individuals with mobility limitations and works with seeing-eye and assistant/working dogs. Accounting Applications: Instructions: Now that you have reviewed the case study above, answer the following questions on your own. 1. What are some investments Dr. Loniak has probably made in her business and how would each affect the basic accounting equation? 2. What assets might this business have? Liabilities? Copyright Glencoe/McGraw-Hill. All rights reserved. 2
3 3. Identify and classify the accounts affected if Dr. Loniak receives a cash payment for a visit. 4. Identify and classify the accounts affected if Dr. Loniak wrote a check to pay for new veterinary equipment to be used on the van. Class Interaction and Discussion: Instructions: Read the following questions. As a class, discuss your responses. 1. What kinds of revenue does Vet-to-Pet receive? 2. What kinds of expenses might Vet-to-Pet incur? 3. Which form of business organization has Dr. Loniak chosen for her business? 4. Why do you think this is the form she selected? Copyright Glencoe/McGraw-Hill. All rights reserved. 3
4 5. What are the benefits of this form of organization? 6. What basic accounting principle would be violated if Dr. Loniak used the cash received from a house call to buy herself lunch? Optional Small Group Extension Activity: Instructions: Break into small groups of three or four students. Discuss your answers to the following questions. 1. Discuss ideas for a new service business in your community. Explain what service the new business will provide and why your community is in need of such a business. 2. What will the name of the business be? 3. How many employees should be on staff in order to carry on daily business? What skills should they have? Copyright Glencoe/McGraw-Hill. All rights reserved. 4
5 4. Decide what legal organization form the business will take. Sole proprietorship? Partnership? Corporation? 5. List the possible forms of revenue that the business will generate. 6. List the possible expenses the business will incur. Optional Internet Exploration and Research Activity: Instructions: The American Express Small Business Network offers tips and tools for the individual interested in opening a new business. Locate its Web site using the Internet and answer the following questions. 1. List the resources you find here that would be helpful to a person who wants to start a new business. Copyright Glencoe/McGraw-Hill. All rights reserved. 5
6 2. What information is available relating to accounting or bookkeeping for a small business? 3. According to this Web site, what are the seven key elements that should be listed in an effective business plan? Summary Questions: 1. What is the basic accounting equation? 2. Are items like gasoline and rent considered revenues or expenses? 3. How are property and property rights reflected in the basic accounting equation? Copyright Glencoe/McGraw-Hill. All rights reserved. 6
7 4. Which form of business organization is the easiest to start? Why? 5. Is Dr. Loniak operating a service, merchandising, or manufacturing business? Copyright Glencoe/McGraw-Hill. All rights reserved. 7
Affordable Health Insurance for Pets. all about
all about VPI Pet Insurance The Trusted Choice of America s Pet Lovers Since 1982 just the facts: What is VPI Pet Insurance? VPI Pet Insurance provides health and accident insurance for dogs, cats, birds
Merchandising Businesses
Learning Objectives LO1 Distinguish among service, retail merchandising, and wholesale merchandising businesses. LO2 Identify differences between a sole proprietorship and a corporation. LO3 Explain the
Bookkeeping Tips & T Accounts Prepared by Accomp Services (www.accompservices.ca)
Bookkeeping Tips & T Accounts Prepared by Accomp Services (www.accompservices.ca) Further valuable accounting and bookkeeping website resources are listed at the end of this document. A business is one
Unit 2 The Basic Accounting Cycle
Unit 2 The Basic Accounting Cycle Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Business Transactions and the Accounting Equation Transactions That Affect Assets, Liabilities, and
Profile of Independent Practice Optometry
Profile of Independent Practice Optometry Profile of Private Practice Optometry (Financial Aspects of Optometric Practice Practice Economics and Growth) Behavioral objectives: The purpose of this module
CHAPTER 7. 1. Section 2 of P.L.1999, c.336 (C.56:8-93) is amended to read as follows:
CHAPTER 7 AN ACT concerning the sale of cats and dogs, and amending and supplementing P.L.1999, c.336. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. Section 2 of P.L.1999,
VETERINARY ASSISTANT
JOB DESCRIPTION VETERINARY ASSISTANT INTRODUCTION The Veterinary Assistant supports the veterinarians, veterinary technicians and receptionists in all duties of the hospital, and ensures a comfortable
Unit 2 The Basic Accounting Cycle
Unit 2 The Basic Accounting Cycle Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Business Transactions and the Accounting Equation Transactions That Affect Assets, Liabilities, and
Public Health Services Dept. Veterinary Services Section
Public Health Services Dept. Veterinary Services Section Call Center: 800900 Tel.: 04 2891114, Fax: 04 2891123 E-mail: [email protected] www.dm.gov.ae Introduction Breeding of dogs is a common and familiar
IACUC POLICIES, PROCEDURES, and GUIDELINES ADOPTION OF ANIMALS DESIGNATED FOR RESEARCH
Page 1 of 7 IACUC POLICIES, PROCEDURES, and GUIDELINES ADOPTION OF ANIMALS DESIGNATED FOR RESEARCH 131.1 PURPOSE This document establishes policies and provides guidelines for adoption of research animals
Policies and Agreement Contract
Policies and Agreement Contract GENERAL Kelsey s Companion Care For the purposes of this document, the term client means the person(s) owning the home and pet(s) and entering into contracted services for
VETERINARY TECHNICIAN
MICHIGAN CIVIL SERVICE COMMISSION JOB SPECIFICATION VETERINARY TECHNICIAN JOB DESCRIPTION Employees in this job perform various tasks to facilitate and support the work and research of professional veterinarians,
T Accounts, Debits and Credits, Trial Balance, and Financial Statements
2 T Accounts, Debits and Credits, Trial Balance, and Financial Statements DEMONSTRATION PROBLEM maintains an office for the practice of veterinary medicine. The account balances as of September 1 are given
NOTIFICATION New Delhi, the 24 th December, 2001. And whereas copies of the said Gazette were made available to the public on November 2, 2001;
NOTIFICATION New Delhi, the 24 th December, 2001 S.O. 1256 (E) - Whereas the draft Animal Birth Control (Dogs) Rules, 2001 were published, as required under the sub-section (1) of section 38 of the Prevention
Emergency Contact Information
Emergency Contact Information Owner Information Name: Address: City: Home phone: Work Phone: Email: Is it ok to send pictures/updates to this email? Y-N Cell Phone: Emergency Contact Other than yourself
Financial Accounting. (Exam)
Financial Accounting (Exam) Your AccountingCoach PRO membership includes lifetime access to all of our materials Take a quick tour by visiting wwwaccountingcoachcom/quicktour Table of Contents (click to
Contract for Pet Care
Contract for Pet Care Dogsondeployment.org Page 1 Contents DoD Boarder Information... 3 Pet Owner Information... 3 Pet Information... 3 Medical History... 3 Primary Veterinarian Information... 4 Emergency/After-Hours
High Point University Pet Policy
High Point University Pet Policy The High Point University Office of Student Life believes that pets can provide both companionship and a sense of community for students living on campus, and as such allows
MODULE 6 Financial Statements
Introduction. 102 Projected Outcomes 103 Facilitators Notes. 104 What is Accounting. 104 The Accounting Equation.. 105 Accounting Terminology 106 Assets 106 Liabilities. 106 Owner s Equity, Partner s Equity,
WOOD COUNTY HEALTH DEPARTMENT
WOOD COUNTY HEALTH DEPARTMENT POLICY & PROCEDURE TITLE: Rabies Control Policy and Procedure EFFECTIVE DATE: 12/93 DATE REVIEWED/REVISED: 8/05, 11/08, 2/09, 5/09 AUTHORIZED BY: Sue Kunferman, Director/Health
40.1 Reduce funds for operations. State General Funds ($249,348) ($249,348) ($249,348) ($249,348)
Section 13: Agriculture, Department of Athens and Tifton Veterinary Laboratories The purpose of this appropriation is to provide payment to the Board of Regents for diagnostic laboratory testing, for veterinary
2 Transaction Analysis
29366_06_ch2_p053-110 12/12/07 5:50 PM Page 53 2 Transaction Analysis SPOTLIGHT A P P L E C O M P U T E R, I N C. How do you manage your music library? You may use Apple Computer s itunes, which along
Pet Health Insurance Policy
Pet Health Insurance Policy Please read your Pet Health Insurance Policy carefully to determine the parties rights and duties and what is and is not covered. Some provisions in the policy limit or restrict
Lesson 1. Business, Accounting, and You ASSIGNMENT 1: INTRODUCTION TO ACCOUNTING. Why Study Accounting?
Business, Accounting, and You Assignment 1 introduces three types of business and the entities used in creating these businesses. Generally Accepted Accounting Principles (GAAP) and International Financial
UC HASTINGS POLICY # : Dogs on Campus
UC HASTINGS POLICY # : Dogs on Campus Issuing Officer: Chancellor and Dean Frank H. Wu Responsible Department: Human Resources, Department of Public Safety Effective Date 7/1/2014 Supersedes: Campus Policy
Glencoe Accounting First-Year Course Approved Syllabus. Instructor: Mr. Telsee
Glencoe Accounting First-Year Course Approved Syllabus Instructor: Mr. Telsee Introduction Glencoe Accounting, First- Year Course is a comprehensive, two-semester, one-year course designed to bring the
Pet Insurance Fact Sheet
Pet Insurance Fact Sheet What is Pet Insurance? Pet insurance or pet health insurance helps cover the cost of medical expenses should your pet become ill or have an accident. Some pet insurance companies
FIA FA1. Recording Financial Transactions
FIA FA1 Recording Financial Transactions Chapter 1 Business transactions and documentation What is a business? Business transactions Discounts Sales tax Storage of information What is a business? Business
Advertising Pets Best Insurance can help you acquire an additional source of revenue.
Information for Marketing Affiliates Advertising Pets Best Insurance can help you acquire an additional source of revenue. The pet insurance market is growing rapidly. Discover the advantages of working
ROCHESTER INSTITUTE OF TECHNOLOGY
ROCHESTER INSTITUTE OF TECHNOLOGY Voluntary Programs Table of Contents Long-Term Care Insurance...2 Mercer Voluntary Benefits (group auto, homeowners and personal lines of insurance)...2 New York s 529
SHARON M. JOHNSTON. University of Georgia College of Veterinary Medicine Athens GA
SHARON M. JOHNSTON 1660 Autumn Park Statham GA 30666 (864) 884-6065 [email protected] EXPERIENCE 2014- Continuing Education Department Website Design (subcontractor) 2009 2014 Veterinary Technician University
A Guide to the Asilomar Accords Definitions: Healthy, Treatable, Unhealthy & Untreatable
A Guide to the Asilomar Accords Definitions: Healthy, Treatable, Unhealthy & Untreatable The effect of the Asilomar definitions is not to draw lines between animals who can and can t be saved, but to put
NOTICE. If you have any additional questions please contact Four Seasons Pet Services at (573) 424-5614. Thank you.
NOTICE Please complete the following service contract, sign and date. You may leave it for your Pet Sitter to pick up at the first scheduled pet-sitting visit, or you may mail it to Four Seasons Pet Services,
How To Get Your Dog To Attend Woof!
Owner Liability Waiver and Health Certification I,, hereby certify that my dog(s): is/are in good health and has/have not been ill with any communicable condition in the last 15 days. I further certify
Animal Bites. The role and responsibilities of Town Health Officers
Animal Bites The role and responsibilities of Town Health Officers What is rabies? Rabies is a fatal viral disease that affects humans and other mammals. People get rabies by and large from the bite of
Accounting Basics, Part 1
Accounting Basics, Part 1 Accrual, Double-Entry Accounting, Debits & Credits, Chart of Accounts, Journals and, Ledger Part 1 What s Here Introduction Business Types Business Organization Professional Advice
CONSUMER GUIDE: PET INSURANCE
CONSUMER GUIDE: PET INSURANCE abi.org.uk @BritishInsurers 1. INTRODUCTION pg3 2. WHAT PET INSURANCE CAN COVER pg4 3. COMMON EXCLUSIONS pg6 Introduction 4. TYPES OF PET INSURANCE POLICY pg9 5. WHAT ELSE
RULES PERTAINING TO RABIES CONTROL
RULES PERTAINING TO RABIES CONTROL Arkansas State Board of Health Effective January 1, 2010 RULES AND REGULATIONS PERTAINING TO RABIES CONTROL Table of Contents AUTHORITY... 1 SECTION I. DEFINITIONS...
Copyright 2013 wolfssl Inc. All rights reserved. 2
- - Copyright 2013 wolfssl Inc. All rights reserved. 2 Copyright 2013 wolfssl Inc. All rights reserved. 2 Copyright 2013 wolfssl Inc. All rights reserved. 3 Copyright 2013 wolfssl Inc. All rights reserved.
Accounting Basics. (Explanation)
Accounting Basics (Explanation) Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Introduction to Accounting
Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.
0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting
How to get into vet school
How to get into vet school By Amanda Hoffman, YCP Biology Class of 2012 Before you begin make sure that veterinary medicine is exactly what you want to study in your future, that this is the career you
PET SITTING SERVICE CONTRACT
PET SITTING SERVICE CONTRACT OWNER INFORMATION Name (Please list all Parents) Address City Zip Cell Phone Work Cell E-Mail Address Emergency Contact Name Number How did you hear about us: PET INFORMATION
Financial Statements Tutorial
Financial Statement Review: Financial Statements Tutorial There are four major financial statements used to communicate information to external users (creditors, investors, suppliers, etc.) - 1. Balance
Animal Ordinances for the City of Columbus, Georgia
Animal Ordinances for the City of Columbus, Georgia If you would like to make a complaint regarding an animal in Muscogee County, please contact our administrative office at: 706.653.4512. The administrative
http://www.guido.be/intranet/enqueteoverview/tabid/152/ctl/eresults...
1 van 70 20/03/2014 11:55 EnqueteDescription 2 van 70 20/03/2014 11:55 3 van 70 20/03/2014 11:55 4 van 70 20/03/2014 11:55 5 van 70 20/03/2014 11:55 6 van 70 20/03/2014 11:55 7 van 70 20/03/2014 11:55
AGRICULTURE, FOOD and NATURAL RESOURCES
AGRICULTURE, FOOD and NATURAL RESOURCES START HERE. More than 70,000 futures have started at Kirkwood... Yours can be one of them! As a Kirkwood agriculture student, you will join the largest two-year
FR A NCH I S E APPL I CAT I O N
FR A NCH I S E APPL I CAT I O N DOG Ventures, LLC CON F I DE NTIAL This application does not obligate either party in any manner PERSONAL INFORMATION Name: Last First Middle Address: Driver s License No.
Specified Exemptions. Rabies officer, his/her authorized representative, or any duly licensed veterinarian
State Citation Who May Administer Vaccination Alabama of Ala. 3-7A-2 Alabama 420-4-4-.08 Rabies officer, his/her authorized representative, or any duly Specified Exemptions With consent of owner, a may
HERE'S A TIP. Double Entry Accounting. Debits and Credits
Double Entry Accounting Because every business transaction affects at least two accounts, our accounting system is known as a double entry system. (You can refer to the company's chart of accounts to select
2015 PERRC Workshop Listing
2015 PERRC Workshop Listing PLEASE NOTE: Minimum pre registration attendance for each workshop must be met by March 2, 2015. If this is not met, CHEP reserves the right to cancel the workshop. Registration
STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE. VSCT 211- Animal Hospital Practices and Procedures
STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE VSCT 211- Animal Hospital Practices and Procedures Prepared By: Mary O Horo Loomis, DVM Tony Beane, DVM SCHOOL OF SCIENCE,
Exam 1 chapters 1-4 Needles 10ed
Exam 1 chapters 1-4 Needles 10ed Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Which of the following is the most appropriate definition of accounting?
For more info on Moving To Hawaii: A Step-By-Step Guide, visit:
MOVING TO HAWAII: A STEP-BY-STEP GUIDE. Copyright 2012 by Michele Meyer dba How To Live In Hawaii. All rights reserved. Published in the United States of America. No part of this publication may be used
Pet Metrics: Consumer Approaches to Pet Insurance in Selected Global Markets
Pet Metrics: Consumer Approaches to Pet Insurance in Selected Global Markets Series Prospectus August 2014 1 Prospectus contents Page What is the research? Which titles are available? What is the rationale?
East Contra Costa County Homeless Animals Lifeline Organization
East Contra Costa County Homeless Animals Lifeline Organization What is H.A.L.O.? H.A.L.O. stands for East Contra Costa County Homeless Animals Lifeline Organization. H.A.L.O. is a non-profit 501(c)(3)
MOUNTAIN VIEW SCHOOL DISTRICT
MOUNTAIN VIEW SCHOOL DISTRICT COMPUTERIZED ACCOUNTING I Curriculum Content Frameworks 0 Curriculum Content Frameworks COMPUTERIZED ACCOUNTING I Grade Levels: 0,, Course Code: 900 Prerequisite: Tech Prep
VPI s got you both covered.
VPI s got you both covered. Enroll today to receive your discount! * Beau, protected by VPI since 2003 VPI Pet Insurance 877-Pets-VPI (877-738-7874) PetsVPI.com Karen is glad her company offers VPI Pet
(b) Safeguard and protect property of Taylor County citizens,
Chapter 54 Animal Control Regulations Page 1 of 7 CHAPTER 54 ANIMAL CONTROL REGULATIONS 54.01 PURPOSE. (1) The purpose of this chapter is to: (a) Regulate and control dogs, cats, and other animals within
PET OWNERSHIP IN AUSTRALIA
PET OWNERSHIP IN AUSTRALIA 2013 2 PET OWNERSHIP IN AUSTRALIA 2013 SUMMARY NOTE: DISCLAIMER This publication has been provided free of charge and has not been provided under the terms of any contract, express
Marketing Plan. 2.3. Board of Supervisor s approval is required for all contracts entered into under this Marketing Plan.
1. Introduction/Purpose 1.1. The OC Animal Care will define the public service marketing plan for OC Animal Care. The plan will supplement County services and resources to the public. Corporations, businesses,
STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE VSCT 115 FUNDAMENTAL VETERINARY NURSING SKILLS II
STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE VSCT 115 FUNDAMENTAL VETERINARY NURSING SKILLS II Prepared By: Sophia C. Theodore, DVM SCHOOL OF SCIENCE, HEALTH & CRIMINAL
What You Need to know about Your Pet s Upcoming Dentistry and Periodontal Treatment
What You Need to know about Your Pet s Upcoming Dentistry and Periodontal Treatment We are sending this packet of information in anticipation of your pet s upcoming dental procedure. Many people have questions
Chapter No. 765] PUBLIC ACTS, 2004 1 CHAPTER NO. 765 HOUSE BILL NO. 3229. By Representatives West, Marrero. Substituted for: Senate Bill No.
![Chapter No. 765] PUBLIC ACTS, 2004 1 CHAPTER NO. 765 HOUSE BILL NO. 3229. By Representatives West, Marrero. Substituted for: Senate Bill No.](/thumbs/24/3801421.jpg "Chapter No. 765] PUBLIC ACTS, 2004 1 CHAPTER NO. 765 HOUSE BILL NO. 3229. By Representatives West, Marrero. Substituted for: Senate Bill No.")
Chapter No. 765] PUBLIC ACTS, 2004 1 CHAPTER NO. 765 HOUSE BILL NO. 3229 By Representatives West, Marrero Substituted for: Senate Bill No. 2840 By Senator Cohen AN ACT to amend Tennessee Code Annotated,
Pet Insurance. The Cat Practice, pc 875 South Worth Birmingham, MI 48009 248-540-3390 www.thecatpracticepc.com
Introduction Almost 50% of pet owners in Sweden now carry some type of pet insurance, as well as nearly 25% of those in the UK. However, the concept hasn t caught on in the US, where only 1-5% of pet owners
Click Here ->>> Business Credit Building Course User Experience > CLICK HERE <
How to build your score, build for llc, best credit card to build credit for small business. Click Here ->>> Business Credit Building Course User Experience > CLICK HERE < Click Here --->> Business Credit
Accounting Basics. Prepared for First Year MBA
Accounting Basics Prepared for First Year MBA Overview S No Particulars 01 Introduction to Accounting 02 Accounting Equation 03 Types of Transactions 04 Purchase and Sales 05 Types of Accounts 06 Golden
RECEPTIONIST TEAM LEADER
JOB DESCRIPTION RECEPTIONIST TEAM LEADER INTRODUCTION The Receptionist Team Leader trains, supervises, and assists the receptionists, plans and coordinates a variety of service functions that are related
My Experiences with Spay Day Barb Jones, DVM, MS HSVMA Leadership Council Member Graduate, Koret Shelter Medicine Residency Program, University of California, Davis, School of Veterinary Medicine Shelter