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5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
5 20 business records
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5 20 business records

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  • 1. Introduction to Horticulture Business Records Plant: Ajuga Term: Profit & Loss Statement Balance Sheet
  • 2. Bugle Weed Ajuga reptans <ul><li>Herbaceous, flowering, perennial, evergreen </li></ul><ul><li>Hardiness Zones :  3 to 9 </li></ul><ul><li>Size: 3 to 4 inches </li></ul><ul><li>Partial shade to shade </li></ul><ul><li>Foliage: Glossy medium green 3 to 4 inch oval-shaped leaves in tight rosettes </li></ul><ul><li>Blue-violet flowers in spring </li></ul><ul><li>Spreads by stolons </li></ul><ul><li>Uses: containers &amp; </li></ul><ul><li>groundcover </li></ul>
  • 3. Profit &amp; Loss Statement <ul><li>Profit &amp; Loss statement – financial statement that shows all income and expenses for a period of time </li></ul>
  • 4. Financial Statements <ul><li>Profit and loss </li></ul><ul><ul><li>Shows income </li></ul></ul><ul><ul><li>Shows expenses </li></ul></ul><ul><ul><li>Difference is a: </li></ul></ul><ul><ul><ul><li>Profit (made more than you spent) </li></ul></ul></ul><ul><ul><ul><li>Loss (spent more than you made) </li></ul></ul></ul>
  • 5. Sample Monthly PL <ul><li>Income </li></ul><ul><ul><li>Flower sales: $5,600 </li></ul></ul><ul><ul><li>Wedding sales: $4,200 </li></ul></ul><ul><ul><li>Total Income: $9,800 9,800 </li></ul></ul><ul><li>Cost of Goods $3,200 -3,200 </li></ul><ul><li>Gross Profit 6,600 </li></ul><ul><li>Expenses </li></ul><ul><ul><li>Rent: $1,200 </li></ul></ul><ul><ul><li>Salaries: $3,200 </li></ul></ul><ul><ul><li>Insurance: $ 200 </li></ul></ul><ul><ul><li>Utilities: $ 500 </li></ul></ul><ul><ul><li>Vehicle $ 700 </li></ul></ul><ul><ul><li>Taxes $ 900 </li></ul></ul><ul><ul><li>Advertising $ 200 </li></ul></ul><ul><ul><li>Total $6,900 -$6,900 </li></ul></ul><ul><li>Net -$ 300 </li></ul>
  • 6. Balance Sheet <ul><li>A financial picture of a business at a particular moment in time. Shows assets, liabilities, and owner’s equity. </li></ul><ul><li>+ What you own (asset) </li></ul><ul><ul><li>What you owe (liability) </li></ul></ul><ul><ul><li>= Net Worth (equity) </li></ul></ul>
  • 7. Assets <ul><li>Everything of value that is owned by a person or company </li></ul><ul><ul><li>Buildings </li></ul></ul><ul><ul><li>Vehicles </li></ul></ul><ul><ul><li>Supplies </li></ul></ul><ul><ul><li>Bank accounts </li></ul></ul><ul><ul><li>Customer base </li></ul></ul><ul><ul><li>Goodwill </li></ul></ul><ul><ul><li>Trademarks or copyrights </li></ul></ul>
  • 8. Liabilities <ul><li>Anything for which a company is legally bound or obligated. </li></ul><ul><ul><li>Debts - loans </li></ul></ul><ul><ul><li>Bills that are due and not paid yet </li></ul></ul><ul><ul><li>Payroll taxes withheld but not sent in yet. </li></ul></ul>
  • 9. Equity <ul><li>Owner’s equity is the owner’s rights to the assets of the business. </li></ul><ul><ul><li>Amount of money that the owner puts in </li></ul></ul><ul><ul><li>The amount of money made that an owner does not draw out. </li></ul></ul>
  • 10. Sample Balance sheet <ul><li>Assets </li></ul><ul><li>Current Assets </li></ul><ul><ul><li>Cash 250 </li></ul></ul><ul><ul><li>Bank 8,500 </li></ul></ul><ul><ul><li>Accts Rec 4,200 </li></ul></ul><ul><ul><li>Inventory 2,200 </li></ul></ul><ul><li>Property </li></ul><ul><ul><li>Equip 5,000 </li></ul></ul><ul><li>Intangible </li></ul><ul><ul><li>Goodwill 3,000 </li></ul></ul><ul><li>Total 23,150 </li></ul><ul><li>Liabilities </li></ul><ul><li>Current Liabilities </li></ul><ul><ul><li>AP 600 </li></ul></ul><ul><ul><li>Loan 3200 </li></ul></ul><ul><ul><li>Payroll 800 </li></ul></ul><ul><li>Total Liab 4,600 </li></ul><ul><li>Equity </li></ul><ul><ul><li>Owners Cap 1,000 </li></ul></ul><ul><ul><li>Retained Earn 17,550 </li></ul></ul><ul><li>Total L&amp;E 23,150 </li></ul>
  • 11. Questions <ul><li>Where would you look to find the balance on a loan? </li></ul><ul><ul><li>P/L or Balance Sheet </li></ul></ul><ul><li>Where would you find the amount in your check book? </li></ul><ul><li>Where would you find the amount you spent on plants? </li></ul><ul><li>Where would you find your plant sales? </li></ul>
  • 12. Today <ul><li>Compost pile </li></ul><ul><li>Check potatoes </li></ul><ul><li>Weed Veg garden </li></ul><ul><li>Weed Hort garden </li></ul><ul><li>Build compost pile </li></ul><ul><ul><li>Need circ. Saw &amp; square from Ag. Shop </li></ul></ul><ul><li>Lots of work – don’t try to hide </li></ul><ul><li>Daily grade depends on work ethic </li></ul>

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