May, 2011 archive
Reconditioned Air Compressors Guide 0
If you have found yourself in need of an air compressor than you have probably started too looked around and may have been shocked by the prices. A new compressor can set you back anywhere from a few hundred pounds to several thousand pounds, depending on the kind of compression system that you decide to purchase. This kind of money may be hard to find in today’s economy, so your best choice if looking for a compressor may be to explore the options of purchasing reconditioned air compressors for your personal uses around the home or for your business use such as in an industrial setting.
Reconditioned units are normally barely used before being returned to the dealer or the store. It may be that someone just needed the compressor for a quick project and decided to return it when completed or it may be that someone decided they needed a larger air compressor so they traded in theirs. Regardless of how the compressor was used before, they can be reconditioned and returned to an almost brand new working condition in most circumstances and that is why they are termed to be reconditioned. A reconditioned compressor is just a previously used unit, which has been restored to brand new factory working condition.
Because reconditioned air compressors have been previously used, the price will definitely be cheaper than if you were purchasing a brand new model, but it can still be used just as if it were brand new. When refurbished the manufacturer takes the time to painstakingly inspect the used compressor to be sure that it can be successfully refurbished. After inspected, the unit is cleaned up and any parts that may be worn are replaced.
After this process they are then tested to make sure that they are working at optimum performance and operating according to new product specifications. Once they have passed through factory testing and pass all assessments they are then shipped back to the dealer or store and are relabelled as refurbished compressors. These refurbished compressors normally still come with a warranty, although that warranty is typically shorter then if it was brand new.
Compressors may have many different uses both around the home and in large industrial settings. From inflating a tire to running a large sander, investing in an air compressor can make life easier and can increase productivity, but it is a lot of money to invest and today that is money that can be used elsewhere. If you need to purchase a compressor consider investing in reconditioned air compressors today. If you do your homework, you may be able to find some great choices when shopping for a compressor.
Accounting Basic – What is the Accounting Equation? 0
The accounting equation is the basic, fundamental formula of double-entry system. The formula of the equation involves a business’s liabilities, assets, and equity and how these three elements are related. The formula says that a business’s equity, or net worth, can be calculated by subtracting the worth of the business’s liabilities from the worth of its assets.
The accounting equation is the most commonly used equation on balance sheets, and it is necessary to understand the equation in order to properly evaluate and understand balance sheet.
With a basic understanding of the terms associated with the equation, it is relatively easy to understand the formula and how it works. The worth of a business’s liabilities is the total amount of money or resources the business paid out in order to acquire its assets. The worth of a business’s assets is the total amount of money or products in possession of the business owner. The accounting equation is represented: worth of assets – worth of liabilities = total equity.
For an example of the accounting equation let us consider ABC Cellular Phones. Last month the following transactions took place:
the owner invested $3,000 into his business
paid $500 for his bills for the month
received $1,000 from customer for purchases.
The equation would look like this:
assets ($3,000 + $1,000) – liabilities ($500) = $3,500 total equity.
It is important to understand that this illustration is very basic and does not take into consideration factors that influence the worth of business’s assets and liabilities, such as depreciation, that can fluctuate over time.
The accounting equation works not only to accurately assess the equity of a business, but also to alert a business to problems regarding the calculation of its equity. If the equation is properly used and the liabilities are accurately subtracted for the assets, the calculated equity should match the actual equity. If there is a discrepancy between what the accounting equation calculates as a company’s equity and the actual equity, then there is clearly a problem that should be investigated. Or, if the sum of the worth of liabilities and the worth of the equity does not equal the worth of assets, there is an accounting error. Thus, a discrepancy can alert businesses to a problem with their balance sheet.