Tropical System #2

1. Risk vs. Return:

When you risk money you might gain cash in return.


2. Time Value of Money

When you work you gain money by the amount of time you put in.


3. Future Value


The spaceship is going to the future 3 in the top left corner.



4. Present Value



I am looking and living the present day right now and the 4 is in the front so it is what i can see.


5. Annuities



Decide how you are going to pay for your bills each month and the number 5 is in the right hand corner and i think of the beginning of a month.


6. Investments Decisions



Number 2 is the time and money value well number 6 is on the opposite side and its like a decision making, you have to decide how you are going to spend the money that you earned.


7. Financing Decisions


You have to decide how you are going to pay your bills which is next to what you are goin to buy with your money.


8. Stocks



The extra cash that you make that you keep in the back of your head because it usually isn't the main cash that you make.


9. Bonds



Your shoes are bonded to the ground when you walk and 9 is on the ground.



10. Interest Rates



Interest rates are aleays high and the cash is stacking high to the number 10.

Xpress Mission Statement

The mission of Xpress Dace Studio is to allow teens to activley express themselves through dance, by providing a warm an encouraging envirorment with instructors that will help reach their highest potential, self discipline and respect.

Description

Description

　
Group Members:
-Angelica Moss
-Nacole Smith
- Timothy Murry
-Kerri-Ann Innis
-Paul Ford
-David Williams
The name of our business is called the Xpress because we felt that our dance studio was a way to reach out to the children and allow them to have fun in a positive way and express themselves. This is a dance studio that provides a veriaty of classes running from jazz, to hip- hop, to African dance. Whatever you want to do we most likely have. The way we organized the classes was from the amount that you are taking. For example 1 class is $45 a month but unlimited is $200 a month. We have hired pro dance teacher that are willing to work with people from all ages, from small totlers, to adult teenagers. Xpress is a way to keep the kids out of trouble.

Income Statement

Revenue:

-Dance Class Prices:
1 class a month= $45
2 class a month= $70
3 class a month= $85
4 class a month= $100
5 class a month= $120
6 class a month= $200
20 students per class

-Open hours for dance floor:
$50 to rent the dance floor space per hour.
(10 people max, if over max $10 dollars extra per person added)

TOTAL: Max Amount= $4000 unlimited class and $200 for ultimate open floor space 4 hours (+ if added amount of people)
              Min Amount= $900 1 class a month and $50 for 1 hour.




-Expensis:

-Dance Teachers:
=6 teachers
*2 Hip- Hop
*1 Jazz
*1 Tap
*1 African Dance
*1 Ballet
(teachers earn $50 dollars per class they teach)
(2 classes each per week)
(400 dollars per month each)
TOTAL= $4000 a month for all the teachers

-Utilities:
*Lights/ Electricity
*Water
*Air Conditioning
TOTAL= $900

-Rent:
*Amount Due=$1500
*Amount Due per person (6 business partners)= $250
TOTAL= $1500

-Media:
* Flyers=$200
* Bus stop sign=$300
* Radio Commercials=$500
TOTAL= $1000

Equation: Revenue= $4200- Expense= $7400 = Net Income= $-3200

The X Press

Business Partners:

-Angelica Moss
-Tim
-Rachell
-Tim
-Nacole
-Paul



Accounting Equation:

Assets= Liabilities+ Owners Equity

Assets:

-Musical Equipment
-Key Boards
-Speakers
-Earphones
-Music stands
-Mirror
-Stretching Banister

Liabilities:
-Loan: 600,000
-Taxes: 90,000
-Utilities: 8,000
-Salaries:50,000 (music teachers and dance teachers security)
-Unearned Revenue: 15,000
-Security
-Lease on building
-Advertising

Total=763,000

Owners Equity:
-Investments= 500,000
-6 partners=60,000 each
Total=560,000

Equation: Assets: 606,000= Liabilities: 763,000+ Owners Equity: 560,000

Topical System Accounting Relationship

1. Accounting

( when you get started counting it starts with # 1)

2. Assets

(a set of something together = a set = assets, similar to a pair which is 2)

3. Liabilities

( Like 3 lies and you are gone or three strikes and your out )

4. Owners Equity

( I have 4 roomates in my apartment and i feel as we own it)

5. Accounting Equation

( when I am thinking about math and counting i focus on the right corner, as if a thinking bubble was there, and 5 is in the right corner.)

6. Transaction( to change direction and go the other way, and 6 is on the right side of the wall, so you change from left to right.)

7. Depreciation

( the people in the backgrounds you don't appreciate as much and #7 is in the back corner, and appciation and depreciation sound the same)

8. Income Statement

( I came to this state on the 18th, so it's an income to a state)

9. Balance Sheet

( the ground feels balanced, like it feels flat)

10. Cash vs. Accurual

( cash goes up like # 10 is on the ceiling bescause people want to be able to stack their cash up)