...Unit 2 P4 Name: Jos van der Giezen Class: IBS 1B Teacher: Mr. Bruining Date: 12-11-2013 Introduction I am going to tell something about the finance at V&D. But at first, what is V&D? V&D is a big warehouse with a lot of stuff, from clothing to food&drinks. It is known in Holland because it is very cheap. Or they are doing something wrong. V&D has a lot of investment went in Holland. Most of the emporiums are in the big city’s. Task 6 First of all, V&D has shares. With shares they get stakeholders and shareholders. You can get money out of that. To start, you need a budget. The starting budget of V&D came from a few investors. V&D borrowed money from people that believed V&D can do good. When de company became bigger, they were able to pay their investors back and pay more and more employees. The company became bigger and bigger, now it is one of the biggest department stores in Holland. Now almost all the income comes from customers. Of course there is money from shareholders an stakeholders, the shares issue is the money V&D makes with it. V&D buys products and sells it with profit to customers, because they are so big, it is less likely that something is going wrong. But something did go wrong in June 2013 something big went wrong, over 15 Million euros lost. Because of that, they had to fire over 200 people and close one store. Probably you think ‘what is one store’ that store had 190 employees, 190 people lost their job and that’s...
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... Explain the difference between internal and external Internal sources is finance which comes mainly frown own funds, profits and depreciation The main internal sources of finance for sole proprietors are: Owner's funds are when a buyer finances the purchase directly. This often occurs when the buyer can’t obtain funding through a conventional mortgage lender. · Selling personal assets · Profits · Depreciation External sources are capital obtained from financial institutions, such as banks, and from individuals willing to provide finance. Loan cap This is the most common way of external finance; this is through borrowing from a bank. It can be either a loan or an overdraft which is set over a period of time, which can vary from 2-5 years. There is an interest rate on the loan. Share cap Limited companies use this source of finance it can come from private investors or venture capital funds. Venture capital providers want to invest businesses that are going to have some dynamic growth...
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...light and lenses to magnify images of small samples. Basic rules to using and calibrating the microscope: 1. You should always carry a microscope with two hands, one on the arm and the other under the base. 2. You should always start on the lowest power objective lens and should always leave on the microscope on the low power lends when you finish using it. 3. You should use the Course adjustment only to focus the microscope at first, and then use the fine to get the image in perfect focus. Always use the only fine adjustment when using the high powered lens. 4. Always put the dust back on the microscope when you are not using it. Instrument: pH meter - A pH Meter is a device used for measuring the pH, which is either the concentration or the activity of hydrogen ions, of an aqueous solution. It usually has a glass electrode plus a calomel reference electrode, or a combination electrode. pH meters are usually used to measure the pH of liquids, though special probes are sometimes used to measure the pH of semi-solid substances. Instructions on using and calibrating Ph meter: 1. Make sure that the pH probe you are using has been stored in a storage solution or a pH 4 solution. If this is not the case, soak the probe in distilled water for at least 24 hours. 2. Check that the meter is set in pH mode, and then rinse the probe of your meter in distilled water. Shake it off before placing it in a pH 7 solution for calibration. 3. Let the probe remain in the solution for...
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...IVY OMOROGHOMWAN UNIT 2 P4 M2 D1 P4 Sex discrimination act 1975: this applies to men and women to promote anti discriminatory practice by making sure that both genders should be treated equally in employment, education and not the same. Without this act men and women may be deprived of certain jobs and choices. Mental capacity act 2005: this act helps to protect people who are unable to makes decision, example of this is people with dementia, learning difficulties and mental problem. This act ensures that that people with mental capacity get treated fairly and in their best interest. It promotes anti discriminatory practice making sure that someone with the disability to learn can get the same choices as any other person would. Disability discrimination act 2005 this act helps to stop discrimination which is aimed at the disabled example of this is when a disabled person is unable to go to a certain place or school because there isn't access for a disabled person example there's not lift or ramp in the building. This act makes it illegal to do things like that without a justified reason. Disability is not only physical, there other type of disability such as mental disability which is under the disability act but only if the mental illness affect the person's everyday life. This helps to promote anti discriminatory practice by making sure that all public sectors review their plans, procedure and practice so it can also be in favour of the disabled. Nursing...
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...P4 Sources of Finance INTERNAL An internal source of finance means to get money from within the business. Owners Savings The owners’ savings is the potential owners’ own money which is normally used when starting up a business. This can be a good source of finance especially for sole traders because since the owner has been saving up for most of their life, they would have enough money to invest in the business and they don’t have to worry about paying any employees or shareholders. However, there can be a disadvantage for sole traders when using this source of finance because they must be careful when investing money as they must know their limits in case they don’t have enough money to support themselves. PLC’s (Public Limited Company) would also use this source of finance through their shareholders who each invest money into the business. There can be an advantage for shareholders who use this source of finance when investing money into the business because if the business gains a profit, the shareholders will gain a dividend which means they will each get a share of the profits they make. However, there can also be a disadvantage because if the business makes a loss, the shareholders will lose the money they invested. Capital from profits Capital from profits refers to the money left over after most of the profits that have been earned have been shared with each of the shareholders. There are advantages of using this source of finance because the capital that is left...
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...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...
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...P4: Take part in an effective group interaction. A Care worker takes care of their patients, makes sure they take their right medication at the right time. A Diabetic Nurse tells you if you getting better or worse, prescribes the medicine that you need to take and when you need to take it. A Care home manager agrees or disagrees with the decisions in the care home. Mary has been in the care home for 1 month, the care worker, diabetic nurse and care home manager have come together to discuss her health and to whether let her go home or make her stay for a bit longer. Care home manager: So how is her health (sits straight), has it improve or worsen (tone is normal). Diabetic nurse: Well in this 1 month Mary has made a lot of improvements (smiles), she feels better and she's stronger due to the fact she takes her medication for her heart problems. Her diabetes seems to be getting better and doesn’t make her feel really unwell anymore. (Her tone and facial expression is happy and she’s smiling at the same time) Care home manager: What about her wellbeing at the care home? (Looks at the care worker) Care worker: I’ve noticed that her health has improved (smiles and tone is happy), she’s settling in well with everyone and takes her medication but (face expression drops) she’s really unhappy about not being with her cat, she really wants to go home. (Makes eye contacts with the manager and diabetic nurse) (Active listening and formal language) Care home manager: Do you think...
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...no smoking policy in the building. Designated smoking areas are to be used at all times. Residents are assessed on the suitability to hold lighters. Gas is inaccessible to residents and is only handled by trained personnel. Residents are assessed on suitability to carry out their own personal care involving the use of showers and sinks; only those deemed suitable are left unsupervised. Key fobs are used around the units to prevent any intruders. All entry points to the building giving access to the units have a signing in process. If access to the units are required escorts will be provided. To prevent any security breach key fobs are used and without one there is no access to the building. 8.2 In the event of a fire, the alarm will sound and the appointed fire person will go to reception to collect the units signing in book and find out where the fire is, they will then return to the unit ensuring all fire doors are closed and await further instructions. If required to evacuate then we would assist the residents out to the assembly meeting place at end of the unit. In the event of a gas leak external agencies would be contacted and we would await further instruction. In the event of flooding external agencies would be contacted and we would await further instruction. In the unlikely event of an intruder they would be escorted off the premises,if they became difficult then the police would be called for assistance. In the unlikely event of a security breach they would be escorted...
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...Elizabeth Briscombe self- referred to the Community Health Care Centre where I work as a social worker. Elizabeth Briscombe is a 38 year old female living by herself in a rented bed-sit. It is not known how recently, but Elizabeth had left her husband Malcolm aged 50, with whom she had two children, a son named Ryan, who passed away when Elizabeth was 21, age two and a half and a daughter Anita, who is now 16 years of age. Anita is residing with Malcolm. Information provided by Elizabeth during her first interview state that she is currently not working, and she receives New Start benefits. Elizabeth has stated that she does not possess a high school qualification because her parents, in her own words ‘‘made her leave school’ at the age...
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...ESS Products LLP The Business. ESS are a ventilation and electrical contracting business. Based in Liphook the business operates in London and throughout the South East. The main focus of the business is installing ventilation equipment into domestic properties. 70% of business turnover comes from working for Housing Associations in the London area. The company employs 16 people with the 2013/2014 turnover forecast at £750,000 which is 20% increase over the previous financial year. Internal sources of finance. Retained Profit: This is the cheapest form of finance and is a short-term source. This profit retained in the business at the end of the previous year’s trading can be used to grow the company organically – e.g. by spending on new equipment, staff and resources to grow their operations. This may mean potentially slower growth than taking out a loan to grow rapidly but more stable finances. It can also lead to higher long term profit as there is no debt to pay interest on for the business. As the business had a 20% rise in turnover this year it is likely to have increased its retained profit, which should enable them to fund further growth in the future. A way of boosting the retained profit is by reducing the owner’s salaries to retain profit in the business to fund growth. This may cause problems in the short term as the owners are not drawing enough salary, but in the medium term it can be highly beneficial for the company as a cheap way of...
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...Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday, April 8th, 2013. This, the second of two practice exams, will be the subject of class on Wednesday. It will not be graded, but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. Last year Walter paid $25,000 for supplies and had revenue of $60,000. Walter asked Tyler the accountant and Greg the economist to calculate his painting business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6...
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...Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday, April 8th, 2013. This, the second of two practice exams, will be the subject of class on Wednesday. It will not be graded, but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. Last year Walter paid $25,000 for supplies and had revenue of $60,000. Walter asked Tyler the accountant and Greg the economist to calculate his painting business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6...
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..../business.../finance-i-will-be-describing-... Finance. I will be describing what internal and external sources are. ... Owner's fund The owner of a business might have to use there own savings to start there ... P4 Describe Sources of Internal and External Finance for a ... www.termpaperwarehouse.com › Business and Management Jun 10, 2014 - Read this essay on P4 – Describe Sources of Internal and External Finance for a Selected Business . Come browse our large digital ... [PPT]External sources of finance - BTEC Business btecbusiness.weebly.com/uploads/6/8/7/9/.../p4_sources_of_finance.ppt P4 Describe sources of internal and external finance for a selected business. This must be applied to a specific business, so choose one to base your work on ... Assignment 3 P4 - Level 3 Business Ms Groves - Google Sites https://sites.google.com/site/.../home/...2-business-resources/assignmen ... evidence for: § P4 Describe sources of internal and external finance for a selected business ... Finance P4.pptx. (91k) ... Finance ResourcesP4.pdf. (239k). Assignment 3 - P3, P4 - Sir Bernard Lovell Business https://sites.google.com/site/sirbernardlovellbusiness/home/btec...3/.../merit Task 1 - Describe the main physical and technological resources required in the ... 2 - Describe sources of internal and external finance for a selected business. Sources of Finance | Essay UK www.essay.uk.com/business-accounting-finance/sources-of-finance.php ... in the investment. This means that...
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...FE BUSINESS,ENTERPRISE & TU STUDIES | COURSE TITLE: Diploma in Business | LEVEL:3 | UNIT NUMBER:37 | UNIT TITLE: Unit 37: Understanding Business Ethics | ASSIGNMENT TITLE:(Full or Part): Assignment 4 : Ethical concerns of the communities | ASSESSOR: SG | ISSUE DATE: WC 5/4/14 | SUBMISSION DATE: WC 12/5/14 | DATE OF INTERNAL VERIFICATION: | INTERNAL VERIFIER: | Learning Outcome (s) covered: (Number and detail)4 Understand ethical concerns facing different communities | TARGETED GRADING CRITERIA | GRADING CRITERIA DETAIL | P4 | examine the ethical concerns of the communities in which a selected business operates. | M3 | explain the ethical concerns of the communities in which a selected business operates and suggest measures that could be taken to improve corporate responsibility | Learner’s declaration I certify that the work submitted for this assignment is my own. Learner Name: _________________________________Date:______________ ------------------------------------------------- Plagiarism. ------------------------------------------------- ------------------------------------------------- Plagiarism is cheating and can result in expulsion from the course and college. Plagiarism is copying from a published text or another student, and passing the work off as your own. You must acknowledge all sources. Full reference details should be given in the bibliography. Unacknowledged...
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...|Assignment brief – QCF BTEC | |Assignment front sheet | |Qualification |Unit number and title | |BTEC Level 2 Diploma in Engineering |Unit 14 :- Secondary machining techniques | |Learner name | Assessor name | |Abdulrahman mohamed |Adrian Ilsley-Morris | |Date issued | Hand in deadline |Submitted on | |3/6/15 | 29/6/15 |29/6/15 | | | | |Assignment title |Using Secondary Machining Techniques Safely | |In this assessment you will have opportunities to provide evidence...
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