The cost of capital is also often referred to as the discount rate, cap rate, even hurdle rate. ...

T

- - - - - - - - - - - -

C

- - - - - - - - - - - -

Creating a capital budget is a three step process. Step 1 consists of identifyingcapital needs. Owners do this by asking questions to identify specific capitalneeds of their business. Step 2 is evaluating the needs based on establishedcriteria that can include return on investment (ROI), rate of return, and paybackperiods. In the final step, owners prioritize their spending to ensure themost pressing needs are met first. These can include items that pose a safetyrisk, or items that must be purchased or improved to meet legal requirementsthat must be met by the business.

- - - - - - - - - - - -

T

- - - - - - - - - - - -

The management of cash in a business is critical. A business that generatesmore cash than needed to pay bills permits the business to use excesscash for other purposes, such as expanding, paying off long-term debt, orreturning cash to its owners. If a business generates less cash than neededto pay its operating expenses, its owners may need to borrow money or sellassets to keep the business operating. Optimum cash levels must be maintained.The amount of cash available to do so will be affected by the sizeof a business as well as by its operating, investing, and financing activities.For this reason, business owners assess their cash position by regularlypreparing and reviewing a financial summary known as the statement ofcash flows.

- - - - - - - - - - - -

F

- - - - - - - - - - - -

d

- - - - - - - - - - - -

The general manager is accountable for the overall day-to-day operations of the entire casino, oversees the daily operations of each department and is responsible for the casino's win percentages. Larger casinos may have an operations manager or assistant general manager that assists and directly reports to the GM. Other managers are those responsible for slots, table games, food and beverage, security, and surveillance. They are responsible for overseeing all aspects of each specific department. Directly reporting to the department managers are the shift managers. The shift managers are responsible for the smooth operation, employee relations, and customer service of a specific department, but are only responsible for their assigned shift. For example, a casino may employ three slot shift managers who are responsible for the slot department during their shift. The slot shift managers would directly report to the slot manager who in turn is responsible for the entire slot department, who in turn reports to the assistant GM or the GM.

- - - - - - - - - - - -

F

- - - - - - - - - - - -

The three main components of a balance sheet are assets, liabilities, andowner's equity. A balance sheet will contain these same components regardlessof its size; however, it will vary in the amount of detail provided abouteach one.

Assets are listed first on the balance sheet and consist of cash and thoseitems owned by a business that can be readily converted to cash. Theseinclude accounts receivable (AR), inventories to be sold for cash, prepaidexpenses, and the property and equipment used to generate cash. Liabilitiesare the debts owed by a business and these are listed second onthe balance sheet and in the order in which the debts are due. Those duesoonest are listed first. Liabilities that must be repaid in 12 months orless are called current liabilities or payables. Liabilities to be repaid inmore than 12 months are called long-term liabilities or long-term debt.Owner's equity is the third component of the balance sheet and it is listedlast. Owner's equity represent ownership's free and clear claim to businessassets. It is equal to the value of a business's assets less the amount of debtowed by the business.

Still concerned about the others, I hope you can take a look at them