...I will be analysing MJM’s cash flow forecast, identifying problems and making recommendations. I will look at what will happen to the ratios if the problems develop further. Opening Balance Overdraft – Looking at the opening balance in January on MJM’s cash flow forecast, I can see that the business started with an overdraft of £185,001, and an explanation is needed as to why. Why did the business start with a £185,001 overdraft? MJM may have started with the £185,001 overdraft for several reasons; MJM could have had the overdraft because they wanted to purchase extra materials to use and make the ladies’ underwear. The overdraft could have been used to purchase the company’s opening stock; the owners may have not had enough money to purchase enough of the opening stock, hence the reason as to why the overdraft was taken out in January. The January overdraft could have been used to pay MJM’s suppliers for the materials used to make the lingerie. Healthy and strong cash flow – overall, looking at MJM’s cash flow forecast throughout the whole 12 months, I can see that the company have a strong and solid cash flow, as well as a healthy bank balance of £5,225,007 at the end of the year. Why is MJM’s cash flow strong throughout the 12 months and why does the company end with a healthy balance of £5 million? The company may have had their strong cash flow for several reasons; MJM may have had their strong cash flow because they may have paid their suppliers on time without...
Words: 1103 - Pages: 5
...Written Assignment Unit 2 Established in 1886, by Dr. Doctor John Pemberton, a pharmacist from Atlanta, Georgia, (Journey Staff, n.d.) the Coca-Cola Company is an American based multinational beverage corporation that operates all over the world. It is a “corporation, manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups, including the famous Coca-cola drink and many other beverages” (Soft Drink Mission Statements, 2015). It features “brands like Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia, Dasani, Fuze tea and Del Valle.” (The Coca-Cola Company, 2015). According to its website, it is “the number one provider of sparkling beverages, readyto- drink coffees, juices,...
Words: 621 - Pages: 3
...the business, there are condition that need to applies from the good sold. If the goods do not fit any purpose then the goods have the right to be return whether it is implied by the seller but if it is unreasonable to rely on the seller judgement, the goods can be return or cannot be return due to another purpose. b) Supply Goods and service Act 1982 With the reasonable time and for a reasonable charge of work completion, the price of goods are not fixed. The trader also must have a proper standard of workmanship to provide the services. i) Transaction Covered Every product either it is free or purchase, it have to be in a good condition. ii) Effect of the Act It has a similar protection under the Sale of Goods Act 1979, the...
Words: 578 - Pages: 3
...Introduction In this report I will be explaining what employability is and why they are important. I will also define what is personal and communicational skills required when applying for a job role as an accountant. Employability Skills Each job requires candidates doing it to possess a variety of specialist skills require for a specific job. Though there are range of skills that are useful to a wider variety of careers and are hence forth transferable between jobs. This is known as employability skills. These are essential for employees to be able to work effectively in a modern organisation or workplace. For instance to be an accountant for Cameron Balloons, the applicant needs to have suitable qualifications as well as having relevant experience in a similar role. This is important when applying for a job as an accountant, since it tells the organisation that you possess the experience and qualifications that are required for the job. Personal Skills Personal Skills are certain skills that will be beneficial regardless of the job. These transferrable skills make a candidate for the accounting job attractive when they are applying for the job role for Cameron balloons. For an accountant on of the personal skills that will be beneficial will be patience. As an accountant having patience is very important. An accountant who remains patience in a very difficult time and situations and gets the job done is highly valued by the organisation. Therefore showing this skills...
Words: 520 - Pages: 3
...Unit 2 The selected organisation is Asda. Asda is one of the world’s most well-known and valuable brands and commands a leading market share in the world’s supermarket business. Asda produces food and general household products and it also has a cafeteria McCafe which produces hot drinks, sweets and snacks. The restaurant employs about 130 people. Its structure is a tall hierarchal structure. On top you find the Head Office which consists of the owner of Asda and the board of directors, after you find the CEO of the restaurant the administrator. After the administrator you find the managers which on top you’ll find the first assistant manager, then the second assistant manager and after you find the swing managers. After the managers there are the crew of trainers and then the crew of members. Job Description A job description sets out the purpose of the job, where the job fits into the organisation structure, the main responsibilities of the job and the key tasks to be performed. A job description will set out how a particular employee will fit into the organisation. It will therefore need to set out: the title of the job to whom the employee is responsible for whom the employee responsible a simple description of the role and duties of the employee within the organisation. A job description could be used as a job indicator for applicants for a job. Alternatively, it could be used as a guideline for an employee and/or his or her line manager as to his or her role and responsibility...
Words: 1558 - Pages: 7
...the three sectors 1. What are the 3 sectors of business activity? There are three sectors and they are: • The Primary Sector- this is the sector where raw materials are collected for example, farming, fishing and mining. • The Secondary Sector- In this sector the raw materials are manufactured and turned into a selling product, for example making a plastic bottle from oil. • The Tertiary Sector- this is the retail sector where the manufactured products are sold but also is where some businesses provide a service. 2. Copy the graph on pg 108 to show the changing employment levels in the different sectors over the last 20 years in the UK. This graph is showing us that in 1985 there use to be more employees in the more labour jobs like mining and quarrying, textiles and motor cars but in 2000 these had fallen instead there were more jobs in hotels and restaurants, recreation and sport than in 1985. 3. Explain 2 reasons why there has been a decrease in the primary sector in the UK: The primary sector has decreased because of advanced technology and everything is becoming automated. For example, in farms where raw materials were usually dug up by hand, they are now using machines to do it instead. This is because it is cheaper to buy machines as it is faster and more efficient. The result therefore is that costs are reduced and profits are increased, but also fewer people are needed to work in these sectors. 4. Explain 2 reasons why there has been a decrease in the secondary...
Words: 715 - Pages: 3
...During wars, everyone is affected, but mainly children are affected. Children have to move their location. There will be limited resources for children. Also children's education will be affected. Children are affected more by dramatizing events. Children might have to move location. One of the main reasons children would have to move is because they could live near where the war is taking place. Also family could play apart in the war. Another point is children could end up being separated from their family. This can change how the child looks at things. Children would also have limited resources. The water could become contaminated or there is no water around. The food that farmers grow and factories produce would go to soldiers to...
Words: 281 - Pages: 2
...There are many things that are needed in order to make sure that a business is going to be working correctly in order for it to make money. All these things should be considered and reviewed regularly to ensure it’s running as smooth as it can be. The main thing that makes a company work is to have effective teams in place to make sure that all the work is being done and that they are being collaborative when working together. Within Xtrac there are many elements that are key in order to make sure that the business can function and this is because of the way that the teams are laid out and to make sure that the workload is even. In order to make the process work, there needs to be members of teams that are going to merge to say make sure that making a new product is feasible. Xtrac use a relativity small business plan to work out who is where and what they are going to be doing in terms of the teams, people and where they are, like what department. The first team that should be taken note of and should be used as a benchmark are the Managers and Senior Members of the company. There are many reason that the management team is effective and how the are beneficial to the organisation. Without the management team there would be a lack of work done in the company. They make sure that people are doing what they need to be doing and have the power to change things around and to make the processes faster in order to make more money in the time that they have got. They need to...
Words: 1161 - Pages: 5
...How is good customer service achieved? Good customer service is achieved by the way you approach customer, the way you ask question and Listen because usually what often happens is that a customer comes in the store and will be simply looking around for something they need or they could not be looking for anything in particular however it is always civil to approach the customer and ask them if they need any assistance. However the slip-up that many staff members tend to make is not giving customers the space or the time before they make this tactic. Select one organisation such as leisure or hotel etc… and then identify how each organisation can provide consistent customer service? In a hotel customers expect good quality service, examples of good customer services are: * Smiling * Being friendly towards customers * Being respect towards customers * Listing t customers * Being honest * Going extra distance Because the moment a customer goes into a hotel they will approach a staff member, this staff member has to be very welcoming, approachable, easy to talk and polite. The staff member will then have to ask the customer a few questions in a friendly tone of voice without sounding too demanding. For example, the type of room the customer would like to stay in and etc. when doing this the staff member will have to show respect to customers at all times and the staff member will have to provide the customer consistent customer service, by doing all of...
Words: 1299 - Pages: 6
...sheet for a selected company. In this assignment I will be interpreting the contents of the trading and profit loss account of Marks and Spencer’s and their balance sheet. I will then give my opinion on how well the might look to shareholders in the business. Scenario Marks and Spencer’s Finance Manager is attending the AGM set for the shareholders and other stakeholders next week. He has asked you to produce a presentation to address the stakeholders for Marks and Spencer’s. Why is a trading, profit and loss account important? A trading and profit loss account shows the how successful the business has been in terms of achieving their ultimate aim which is to make a profit. Most of the time the trading, profit and loss account of a business would tend to show the volume of revenue the business has received within the year of the trading, profit and loss account and the cost involved in generating that revenue. It is important as it allows them to compare their performance to previous years. This is also important because similarly to the balance sheet as it allows investors and shareholders to look at the businesses financial status and decide whether they would prefer to invest in the business. This puts added pressure on a business such as M&S because if they have failed in their objective of making a profit there is a high chance of them losing shareholders which could ultimately cause them to lose money also. Revenue Revenue is the income gain from trading activity and...
Words: 2459 - Pages: 10
...days are Mozilla Firefox and Google Chrome because they offer a range of plugins with a user friendly interface. PC Memory PC Memory is another important factor which will be used to temporarily store the website once you have loaded it. The most common type of memory is RAM (random access memory).Its main role is to store any programs on the memory while they are open. RAM is volatile which means the contents are wiped when powered down. Cache is a type of memory which is commonly integrated into the CPU chip. The more modern systems will have all levels of cache in the CPU. Cache operates faster than main memory. There are 3 different levels of cache. Level 1 cache is the fastest and each core usually has its own amount of cache. Level 2 cache is the next fastest and is usually used between pairs of cores for example if a CPU has four cores there will be two lots of level 2 cache. And the slowest of the three caches is level 3 cache which is generally used across all cores and usually is the biggest. Server Side Server Storage Bandwidth Limitations Pages with too many scripts Website Content Server Storage A storage server is a type of server that is used for storing and sharing files between users and the server. It offers a security to your files and allows you to manage files and services. They are usually less powerful than a regular server but have a lot more storage. If a website is hosted on a server the more storage that is being taken up the slower the...
Words: 2496 - Pages: 10
...Djkklidhiohhhhhhhhhhhhidhwdoihwosjwi ow ddi d d d d d d d d d d x x x wd w d w w d wd w d qd http://www.termpaperwarehouse.com/essay-on/Btec-Business-Level-3-Unit-2/242360 http://www.termpaperwarehouse.com/essay-on/Btec-Business-Level-3- http://www.termpaperwarehouse.com/essay-on/Btec-Business-Level-3-Unit-2/242360 http://www.termpaperwarehouse.com/essay-on/Btec-Business-Level-3-Unit-2/242360 http://www.termpaperwarehouse.com/essay-on/Btec-Business-Level-3-Unit-2/242360...
Words: 1017 - Pages: 5
...Higher Nationals LEVEL Acc QrCdFed e it Issue 4 July 2011 Edexcel, a Pearson company, is the UK’s largest awarding body, offering academic and vocational qualifications and testing to more than 25,000 schools, colleges, employers and other places of learning in the UK and in over 100 countries worldwide. Qualifications include GCSE, AS and A Level, NVQ and our BTEC suite of vocational qualifications from entry level to BTEC Higher National Diplomas, recognised by employers and higher education institutions worldwide. We deliver 9.4 million exam scripts each year, with more than 90% of exam papers marked onscreen annually. As part of Pearson, Edexcel continues to invest in cutting-edge technology that has revolutionised the examinations and assessment system. This includes the ability to provide detailed performance data to teachers and students which helps to raise attainment. This specification is Issue 4. Key changes are sidelined. We will inform centres of any changes to this issue. The latest issue can be found on the Edexcel website: www.edexcel.com References to third-party material made in this specification are made in good faith. Edexcel does not endorse, approve or accept responsibility for the content of materials, which may be subject to change, or any opinions expressed therein. (Material may include textbooks, journals, magazines and other publications and websites.) Authorised by Roger Beard Prepared by Susan Hoxley Publications Code BH029073...
Words: 15079 - Pages: 61
...Unit 2: Unit code: QCF Level 3: Credit value: Business Resources D/502/5409 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance. Unit introduction At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice. Understanding how these resources are managed is one of the keys to assessing how well the organisation is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently. The contribution that recruiting and retaining suitable staff can make to the organisation’s performance is examined. The importance of managing the organisation’s physical and technological resources efficiently is also explored. For an organisation to survive its finances need to be sound and secure. The...
Words: 4156 - Pages: 17
...Unit 4: Unit code: QCF Level 3: Credit value: Business Communication H/502/5413 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information throughout a business, is critical for the future prosperity of the organisation. Unit introduction A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving their stated purposes. Since the...
Words: 3972 - Pages: 16
