Swish Watch Corporation manufactures, sells, and services expensive watches. The company has been in business for three years. At the end of the previous year, the accounting records reported total assets of $2,255,000 and total liabilities of $1,780,000. During the current year, the following summarized events occurred:

a.Issued additional shares of common stock for $109,000 cash.

b.Borrowed $186,000 cash from the bank and signed a 10-year note.c.A stockholder sold $5,000 of his stock in Swish Watch Corporation to another investor.d.Built an addition on the factory buildings for $200,000 and paid cash to the contractor.e.Purchased equipment for the new addition for $44,000, paying $12,000 in cash and signing a six-month note for the balance.

f.Returned a $4,000 piece of equipment, from (e), because it proved to be defective; received a cash refund.

Required:1.Complete the spreadsheet that follows, using plus (+) for increases and minus (−) for decreases for each account. The first transaction is used as an example. (Enter any decreases to account balances with a minus sign.)

I will pay for the following essay Painful vs. Painless Cost Control. The essay is to be 5 pages with three to five sources, with in-text citations and a reference page.

This research will begin with the statement that сost control acquires numerous dissimilar approaches and outlines, which rely on the fundamental basis for dropping everyday expenditure, outflow, costs and disbursements. In order to safeguard self as well as the business, small-business holders, specifically, seek for cost control quantifications that facilitate equally, progress and sustainable business challenges. Despite the zone of expenses, trades should arrange for scheming their prices, the jeopardy towards excruciating cost control. &nbsp.Painless cost control serves as a substitute of cutting down the prices in a trouble-free, flawless manner. The divergence between painful and painless cost control is that painful diminutions harmfully influence processes on the other hand, painless cost control comprises the slightest pressure on the enterprise and its prospects. Spontaneous or impulsive decisiveness to slash prices are by no means astute, since these verdicts probably culminate into meager options, inferior quality of goods and services, such decisions may result in assigning the job to unskilled person who may finish the work in an unprofessional manner, such an attitude not only hampers the quality of the output but also results in generating negative implication on the image of the organization. Essentially, controlling costs necessitates extensive and significant examinations and preparations. Painless vs. painful cost control is highly challenging and onsets with the development of enduring stratagem and producing the efficient strides to attain the objectives of the organization. In health care, where direct dealing is with the health and well being of the people, cost control matters usually encompass thorough planning for their implementation or reformation (Painful Vs Painless Cost Control). Observation Observation enables the authorities to analyze discrepancies associated with the small business, as these strides cannot be ignored. Variance or discrepancies is directly related to the diversity between the business planned to expend vs. the concrete expenses of the company (Painful Vs Painless Cost Control). Health care sector is considered as the recession-proof (Manchikanti, Singh and Bosewell, 2010). For example, the requirement of assistance and nursing staff at the surgical ward is 30 which may vary with the consultation clinic. As the health care organization operates centrally, in terms of painless cost control, staff could be provided to both the departments with minimum wages or the wages of the new recruitment could be reduced so as to keep the budget of the reformation and recruitment low and also to get hands on work. This holds true in a situation where population is large and vacancies are less. On the contrary, in terms of painful cost control, there could be no new recruitment to save expenses of extra wages. However, under such a situation it becomes difficult for the existing staff to provide their services to meet the demand of the situation. When the number of patients is less the staff will be in a position to manage well but if the number of patients are more the staff will feel fatigue to meet all the demands of the patients and this may result in exhaustion of the existing staff, thereby quality of performance of the existing staff is affected. Cause For smooth running of the business organizations, it becomes essential to ascertain the causes of divergence between the estimated expenses and the actual expenses. In health sector, use of paper, charges a burden on the organization besides purchasing instruments which are necessary to provide the health care with the upgraded technology (Painful Vs Painless Cost Control). Patient’s reports and files are required to be maintained and therefore when such health organizations construct their budgets, they rely on the total cost for paper. The health care organizations put the bid by means of bulk pricing, this results in getting lower costs per unit as compared to the cost