...Chain stores shop - keeper runs five stores located at different parts of Mumbai. Each store is administered by a Manager appointed by the Principal Owner. Store managers reside in different parts of the city. Managers are reimbursed for the car travel expenses incurred by them in commuting to work from their residence to the stores to which they are assigned. The bases of reimbursements is: Rs.300/- per week for Repair/Maintenance. A variable amount at the rate of Rs.1.60 per Km. of travel incurred during the week. All shops work for 6 days in a week. The distance in Km. from a manager’s residence to the store is displayed in the following matrix: Managers STORES (DISTANCE IN KMS.) Juhu Nariman Point Walkeshwar Javeri Bazar Fort Ajay 4 10...
Words: 744 - Pages: 3
...UNIT 3 FINANCIAL FORECASTING FOR BUSINESS TASK 1 Start-up costs are linked and associated with setting-up a business such as legal fees, purchasing of equipment, rented property deposit. Start-up costs means a different sort of costs, which a new business owner should get in so that the business can exist. Operating costs are expenses that relate to a business activities and they are divided into fixed and variable costs. Different businesses have different costs associated with them. Variable costs are expenses which keep changing in proportion to the activities of a business. Also they are one of the components in calculation of a total costs and they vary for example with the level of sales. Variable costa are the raw materials, labour of costs, machine maintenance and packaging. Fixed costs are expenses which do not vary with changes in production level or level of sales. For example the shop owner has to pay the shop rent whether how sales he has. Fixed costs are also water and electricity bills, insurance and business rate. JD Sports Plc is the one of the leading retailer of branded sportswear and fashion wear. JD Sports start the business in 1981 with one single shop in Bury, UK and today they have over 800 stores in four countries. Their revenue for 2014 is £ 1,330 892 000 which is higher than 2013 where the profit was £ 1 258 892 000.Operetaing expenses where fixed costs and variable costs are included for 2014 are £19.1 million which is quite higher than...
Words: 1698 - Pages: 7
...2.2 Excluded .................................................................................................................5 3. Organization……………………………………………………………………………………………………………………….6 3.1 Organizational Boundaries and Interfaces…………………………………………………………….…...6 3.1.1 Resource Owners……………………………………………………………………………………………….6 3.1.2 Receivers…………………………………………………………………………………………………….……..6 3.1.3 Cross Functions…………………………………………………………………………………………………..7 3.2 Project Organization…………………………………………………………………………………………………..8 3.2.1 Project Manager…………………………………………………………………………………………….….8 3.2.2 Project Team……………………………………………………………………………………………………..9 4. Schedule and Budget…………………………………………………………………………………………………………10 4.1 Work Breakdown Structure…………………………………………………………………….…………...11 4.2 Schedule and Milestone………………………………………………………………………….……………12 4.3 Budget.......................................................................................................................13 4.4 Development Process…………………………………………………………………………………………..14 4.5 Development Environment…………………………………………………………………………………..15 5. Risk Management…………………………………………………………………………………………………….………..17 6. Communication and Reporting…………………………………………………………………………………….…….19 7. Delivery Plan……………………………………………………………………………………………………………….……..20 7.1 Deliverables and Receiver………….………………………………………………………………….……..20 8. Security...
Words: 4136 - Pages: 17
...CHAPTER 5: Short-Term Decisions and Accounting Information Multiple Choice a 1. The salary or wage that you could be earning while you are taking this test is a. an opportunity cost. b. a sunk cost. c. an incremental cost. d. a joint cost. d 2. The kind of cost that can be ignored in short-term decision making is a. a differential cost. b. an opportunity cost. c. a relevant cost. d. a sunk cost. b 3. The role of sunk costs in decision making can be summed up in which of the following sayings? a. Nothing ventured, nothing gained. b. Bygones are bygones. c. A penny saved is a penny earned. d. The love of money is the root of all evil. c 4. Allocated costs are a. generally separable. b. generally variable. c. generally common. d. especially important in deciding whether to drop a segment. a 5. The Robinson-Patman Act forbids charging different prices to different customers unless a. the price differences are justified by differences in distribution costs. b. prices offered competitors are fully disclosed to all customers. c. such prices produce profits no greater than normal profits. d. the customers are located within the seller's state. c 6. A product should be dropped if a. it has a negative incremental profit. b. it has a negative contribution margin. c. dropping it will increase the total profit of the company. d. it is...
Words: 5520 - Pages: 23
... TB_599810_Mishkin_TP.qxd:Layout 1 6/4/09 9:45 AM Page 2 This work is protected by United States copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from it should never be made available to students except by instructors using the accompanying text in their classes. All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical purposes and the needs of other instructors who rely on these materials. Acquisitions Editor: Noel Kamm Seibert Project Manager: Kerri McQueen Production Editor: Alison Eusden Manufacturing Buyer: Carol Melville Copyright© 2010, 2007, 2004, 2001 Pearson Education, Inc., 75 Arlington Street, Boston, MA 02116. Pearson Addison-Wesley. All rights reserved. Printed in the United States of America. This publication is protected by copyright and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions Department. This work is protected...
Words: 15556 - Pages: 63
...for sausage. Lashonda wants to trade sausage for eggs. Joe and Lashonda have a double-coincidence of wants. ANS: T DIF: 1 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Barter MSC: Definitional 3. The use of money allows trade to be roundabout. ANS: T DIF: 1 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Money | Trade MSC: Definitional 4. Roundabout trade is beneficial for an economy. ANS: T DIF: 1 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Money | Trade MSC: Definitional 5. Money allows people to specialize in what they do best, thereby raising everyone’s standard of living. ANS: T DIF: 2 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Money MSC: Interpretive 6. When money functions as a unit of account, then it cannot be commodity money. ANS: F DIF: 2 REF: 29-1 NAT: Analytic LOC: The role of money TOP: Money MSC: Interpretive 7. Demand deposits are balances in bank accounts that depositors can access by writing a check. ANS: T DIF: 1 REF: 29-1 NAT: Analytic LOC: The role of money TOP: Demand deposits MSC: Definitional 8. According to economists, a collection of valuable jewels is not money. ANS: T DIF: 2 REF: 29-1 NAT: Analytic LOC: The Study of economics, and the definitions of economics TOP: Money MSC: Interpretive 9. A debit card is more similar to a credit card than to a check. ANS: F DIF: 2 REF: 29-1 NAT: Analytic LOC: The Study of economics, and the definitions of economics TOP: Money MSC: Interpretive ...
Words: 26621 - Pages: 107
...Question 1 2 out of 2 points | | | ________________ involves making decisions relating to issuing and investing in stocks and bonds.Answer | | | | | Selected Answer: | Investment management | Correct Answer: | Investment management | | | | | Question 2 2 out of 2 points | | | Economists use a ___________________ framework to explain how the prices and quantities of goods and services are determined in a free-market economic system.Answer | | | | | Selected Answer: | supply-and-demand | Correct Answer: | supply-and-demand | | | | | Question 3 0 out of 2 points | | | The goal of the financial manager in a profit-seeking organization is to maximize:Answer | | | | | Selected Answer: | the value of perquisites. | Correct Answer: | the owners’ wealth. | | | | | Question 4 0 out of 2 points | | | ________________ involves the sale or marketing of securities, the analysis of securities, and the management of risk through portfolio diversification.Answer | | | | | Selected Answer: | financial management | Correct Answer: | investments | | | | | Question 5 2 out of 2 points | | | Maximizing _____________________ is accomplished through effective financial planning and analysis, asset management, and the acquisition of financial capital.Answer | | | | | Selected Answer: | the owners’ wealth. | Correct Answer: | the owners’ wealth. | | | ...
Words: 789 - Pages: 4
...copied or plagiarized. It has not previously been submitted as part of any assessment. All the sources, from which information has been obtained for this assignment, have been referenced in the Harvard format. I further confirm that I have read and understood the Maldives Business School rules and regulations about plagiarism and copying and agree to be bound by them. Assignment summary information Unit 10 Financial Accounting & Reporting Unit Assignment reference 1 Assignment type This is an individual assignment. Task Submit on Do on Task 1: LO1, LO3, LO4, M1, M2, D1, D2, D3: Report 11 April 2015 NA Task 2: LO2, M3: Class assessment NA 23 March 2015 An extension must be applied for in writing by individual students and will only be granted Extensions for valid reasons. Late submissions Late submissions will be marked for all grades but will incur a fine of MVR 500. Assessor(s): Internal verifier: Assessor(s) please fill the table below AFTER the evaluation. Assessment Feedback criteria P1.1 P1.2 P1.3 P1.4 P2.1 P2.2 P2.3 P3.1 P3.2 P4.1 P4.2 M1 M2 M3 D1 D2 D3 Assessor’s Decision The student has described the different users of financial statements and their needs. The student has explained the legal and regulatory influences on financial statements. The student has assessed the implications for users. The student has explained how different...
Words: 4124 - Pages: 17
...information and many other issues that help to gain a proper knowledge about the financing in organization. Different books and journals have been used to prepare the assignment. Contents Introduction 3 Requirement 1 3 Task 1.1 : Business needs finance and available sources of finance to a business 3 Equity financing 4 Debt Financing 4 Lease Financing 4 Task 1.2 : Accessing and comparing the implication of the different sources of finance 4 Implication of equity financing 4 Implication of debt financing 4 Implication of lease financing 5 Task 1.3: evaluation of the appropriate sources of finance for the above mention businesses. 5 M1: Critically evaluate each available sources of finance to that particular firm. Evaluation should include the pros and cons, and legal aspects of each source. (Merit M1). 5 Case study 1: An engineering firm 5 Equity financing for this firm 5 Debt financing 5 Lease financing 5 Case study 2: Individual financing 5 Equity financing for this firm 5 Debt financing 6 Lease financing 6 Case study 3: Large plc. 6 Equity financing for this firm 6 Debt financing 6 Lease financing 6 Case study 4: Local Do It yourself firm 6 Equity financing for this firm 6 Debt financing for this firm 6 Lease financing 6 Case study 5: Rugby club 6 Equity...
Words: 3850 - Pages: 16
...Sunderland Business School Working Capital Management And Relevant costing and decision making Student Name Course : APC 309: Strategic Management Accounting Instructor : Term : Table of Contents 1. Introduction 3 2. Part A: Working capital management of XYZ 3 2.1. Improving the elements of working capital 5 i. Inventories 5 ii. Trade receivables 6 iii. Trade Payables 7 iv. Cash and cash equivalent 7 3. Part B: Strategic Management Accounting for Decision making 8 3.1. Shutting down or keeping open a part of a business 9 3.2. Pricing a product or service 10 3.3. Product mix and limiting factor analysis 11 3.4. Make or buy decision 11 4. Conclusion 12 List of References 13 Appendix 01: Discount for early settlement 14 Appendix 02: Factoring 15 Appendix 03: Decision to shut down an operation 16 Appendix 04: Limiting factor and decision making 19 Appendix 05: Make or buy decision 21 1. Introduction This report has been prepared as per the request made by you to prepare a report on working capital management and using strategic management accounting techniques in decision making. This report has been divided into two parts, part A deals with working capital management and the components of working capital such as trade receivables, inventories, cash and cash equivalent and trade payables. This part also analyse the strategies to improve each component of working capital to improve overall working...
Words: 5472 - Pages: 22
...Introduction The aims of this assignment are to measure the outcome of students’ learning in terms of knowledge acquired, understanding developed and skills or abilities gained in relation to the achievement of the learning outcomes. Learners are expected to use their acquired knowledge to prepare a business report of not less than 3,500 words, clarity of ideas and presentation would attract extra marks as well as use of own initiative and real and imaginative scenarios to demonstrate understanding of the course. COURSE WORK- PROCTER & GAMBLE Zeroing in on the first moment of truth Procter & Gamble, a world leader in consumer packaged goods, sells nearly 300 brands in more than 160 countries. It has sales of $40 billion a year and 130 manufacturing sites around the world. P&G measures consumer satisfaction at two levels, which it calls the two “moments of truth.” The first moment of truth occurs when the consumer reaches the shelf and finds that the desired product is, or is not, available. This is a critical moment, because if the product is not immediately available, the consumer usually moves on to buy a rival product. The second moment of truth depends on the buyer’s satisfaction when consuming the product. This, too, has a crucial impact on consumer loyalty, but is beyond the scope of this case study. Detailed consumer surveys in July 2000 told P&G that in 55% of cases (75% for promotional items), consumers were not satisfied when they looked...
Words: 2587 - Pages: 11
...Booklet Course: EDEXCEL BTEC Group: Ed excel HND Group Module: Unit 21 – Human Resource Management Module type: Optional Module Code: : K/601/1264 Module Credit: 15 Teaching Period: (15+6 weeks) Level: 4 Contact Hours: (15*3+6*3 = 63) Lecturers: 15 weeks Revision Clinic: 3 week Feedback and assignment guidance: 3 weeks Lecturer: Mr Stephen Moore Start date: 03/10/2013 Day: Thursday Time: 10.00 – 1.00 Room: LH 02 Term: Sept 2013 – Jan 2014 CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS Welcome to the Human Resources Management lecture class Module Leader: Mrs. SUNITA KOTTA Email: ksunita@ukcbc.co.uk Section 1: Unit Aim This unit provides an introduction to the concepts and practices of human resource management within...
Words: 6807 - Pages: 28
...communication used and the reasons why. There are multiple types of information that Tesco uses they are, verbal information, on-screen, web page, multimedia and written. Verbal information is face-to-face information used to communicate with people using verbal means, Tesco uses this to communicate with customers taking in likes and dislikes of the customer to see how they can improve their service. Below is an example of a verbal communication Manager (speaking on the phone): “Good morning, Bill!” (By using the employee’s name, the manager is establishing a clear, personal link to the Receiver.) Manager: “Your division’s numbers are looking great.” (The Manager’s recognition of Bill’s role in a winning team further personalizes and emotionalizes the conversation.) Manager “Our next step is to order more printer toner cartridges. Could you place an order for 1,000 printer toner cartridges with Jones Computer Supplies? Our budget for this purchase is $30,000, and the cartridges need to be here by Wednesday afternoon.” (The Manager breaks down the task into several steps. Each step consists of a specific task, time frame, quantity, or...
Words: 2818 - Pages: 12
...involves preparation of the four basic financial statements and related disclosures for external decision makers. Managerial accounting involves the preparation of detailed plans, budgets, forecasts, and performance reports for internal decision makers. 3. Financial reports are used by both internal and external groups and individuals. The internal groups are comprised of the various managers of the entity. The external groups include the owners, investors, creditors, governmental agencies, other interested parties, and the public at large. 4. Investors purchase all or part of a business and hope to gain by receiving part of what the company earns and/or selling the company in the future at a higher price than they paid. Creditors lend money to a company for a specific length of time and hope to gain by charging interest on the loan. 5. In a society each organization can be defined as a separate accounting entity. An accounting entity is the organization for which financial data are to be collected. Typical accounting entities are a business, a church, a governmental unit, a university and other nonprofit organizations such as a hospital and a welfare organization. A business typically is defined and treated as a separate entity because the owners, creditors, investors, and other interested parties need to evaluate its performance and its potential separately from other entities and from its owners. * 6. Name of Statement...
Words: 6008 - Pages: 25
...Financial accounting involves preparation of the four basic financial statements and related disclosures for external decision makers. Managerial accounting involves the preparation of detailed plans, budgets, forecasts, and performance reports for internal decision makers. 3. Financial reports are used by both internal and external groups and individuals. The internal groups are comprised of the various managers of the entity. The external groups include the owners, investors, creditors, governmental agencies, other interested parties, and the public at large. 4. Investors purchase all or part of a business and hope to gain by receiving part of what the company earns and/or selling the company in the future at a higher price than they paid. Creditors lend money to a company for a specific length of time and hope to gain by charging interest on the loan. 5. In a society each organization can be defined as a separate accounting entity. An accounting entity is the organization for which financial data are to be collected. Typical accounting entities are a business, a church, a governmental unit, a university and other nonprofit organizations such as a hospital and a welfare organization. A business typically is defined and treated as a separate entity because the owners, creditors, investors, and other interested parties need to evaluate its performance and its potential separately from other entities and from its owners. 6. Name of Statement (a) Income Statement (b) Balance Sheet (c) Audit...
Words: 6162 - Pages: 25
