Business resources P1
P1, Describe how a selected business manages its existing human resources Human Resource is a means of management that connects employees to the strategy of a business or organisation. There are several functions that apply to human resources such as recruitment and retention, training and promotion, finance and payroll, health and safety, contracts of employment, motivation and incentives, job description, person specification, disciplinary action and trade unions. Human resources has numerous goals to meet the needs of the business the goals are to link human resource strategies to the business goals and objectives, to find ways for human resources to add value and to gain the commitment of employees. The business which I have chosen to investigate will be Sainsbury and operates in is the retail sector. The industry it runs in is the food industry. The functions of human resources within Sainsbury are * recruitment and retention * training and promotion * finance and payroll * health and safety * contracts of employment * motivation and incentives * job description * person specification * disciplinary action * trade unions * Culture * Problem solving Sainsbury have recruitment and retention as part of the human resource functions this is because they will need to employ employees to be able to work within the supermarket in order to run the business
I have identified different types of ratios using financial information from the company named First communication plc. I have identified how these ratios help the user to understand the financial position and performance of the business.
Introduction Ratios are useful because they briefly summarise the result of detailed and complex calculation. Ratios evaluate financial condition and performance of a business concern. However ratio simply means a comparison of one figure to other relevant figure. Ratios is used by internal stake holder such as managers, where they assess performance of individual branches, they monitor year to year performance, analyse relationships between revenues and expenses and so on. It is also, used by employees whereby they use it to negotiate wages and conditions, assess security of firm and therefore own a job etc. It is also, used by external stakeholders such as customers and creditors. Creditors assess security of the firm and decide on credit terms offered Liquidity ratios Liquidity ratios provides information about the company's short term financial circumstances, this states the extent to which a firm is able to pay off its debt therefore, it will measure whether the business has enough money to pay its bills. current ratios = current assets current liabilities = ratio Most of the short term creditors would prefer high current ratios as it will reduce their risk. Shareholders may prefer a lower current ratio so that more of the firm's assets are working to grow the business. First communication plc liquidity ratio 2008
economic influence
Economic influence report Mr Elkon Vishal Kumar 10x5 24th July 2007 Economic influence report In this report I will be writing about the inflation rate and also describing it by what it actually is and also I will be writing about the current rate and how this will affect British Airways and what there response is to this. Inflation is when the price rises within a short period of time. The current rate of Inflation is 3.1% and the government wants it to be downgraded to 2.1% which is not quite a lot. This is affecting British Airways as they will need to pay more money for their fuels and other materials they will need in future for there business to commence on forward. This is also affecting British Airways as their customers will need to pay more money to them for their tickets and because of this reason they might be losing out on their customers as they will be complaining about the fares and of how they have raised them in a sudden. And if the government decide to change the rate to 2.0% then the customers will have to pay less money to them which will result in more profits and more customers at the same time. My suggestions for British Airways is that they should be saying to the government that because of you our customers are falling out due to the inflation rate you have particularly set and because of that they will have to cut down on staff and also
Maynard Company Balance Sheets a of June 1 and June 30 compared.
Question 1: Answer: Balance Sheets as of June 1 and June 30 Maynard Company Balance Sheet as of June 1 Assets Liabilities and Shareholders' Equity Current Assets Current Liabilities Cash 34,983.00 Accounts Payable 8,517.00 Accounts Receivable 21,798.00 Bank Notes Payable 8,385.00 Note Receivable, Diane Maynard 11,700.00 Taxes Payable 5,700.00 Merchandise Inventory 29,835.00 Accrued Wages Payable 1,974.00 Supplies on Hand 5,559.00 Total Current Liabilities 24,576.00 Prepaid Insurance 3,150.00 Total Current Assets 107,025.00 Other Noncurrent Liabilities 2,451.00 Property, Plant, and Equipment Total Liabilities 27,027.00 Land 89,700.00 Building 585,000.00 Shareholder's Equity Less: Accumulated Depreciation 156,000.00 429,000.00 Capital Stock 390,000.00 Equipment 13,260.00 Retained Earnings 221,511.00 Less: Accumulated Depreciation 5,304.00 7,956.00 Net Property, Plant and Equipment 526,656.00 Total Shareholder's Equity 611,511.00 Other Noncurrent Assets 4,857.00 Total Assets 638,538.00 Total Liabilities and Shareholder's Equity 638,538.00 Maynard Company Balance Sheet as of June 30 Assets Liabilities and Shareholders' Equity Current Assets Current Liabilities Cash 66,660.00 Accounts Payable 21,315.00 Accounts Receivable 26,505.00 Bank Notes Payable
Fuel Tax
Fuel Tax Do you just want cheaper fuel to increase your income? To become a popular Government? Squeeze more profit for your firm? Protect the environment? Break car dependence? These questions are a sign of the ever-increasing pressure for and against a reduction in fuel tax. The government's reluctance to openly discuss its policy has caused a real clouding of the arguments causing a general sense of frustration. This essay addresses both sides of the arena in the pursuit of bringing clarity and reason to an emotional topic. This essay uses the term 'petrol' as defined to be a "flammable fuel used in internal combustion engines"(Oxford Con Dic, 1989: 425), thus including diesel, as well as unleaded vehicles. The issues that are covered are externalities, tax, public transport, who the tax effects, and utility. The arguments are ordered against a reduction then for a reduction. Over the last 30 years, with the rise of environmental awareness, the externalities connected with the use of motor vehicles have caused major concern to society and has presented a strong argument against a reduction in petrol tax. Pigovian taxes are the best way to correct for the negative impact of externalities by taking into account the social costs of using petrol to such a great extent. These social costs: health, congestion, environmental breakdown and accidents all need correcting. Every
U.S. Subprime loan Issue
Letter of transmittal 8 April 2008 Mr. A.W Brian De Silva Department of Accounting and Finance Monash University, Caufiled Campus, 900 Dandenong Road Caufield East, Victoria 3145, Australia Dear Mr. De Silva, Please accept the following business report entitled "Analysis of the US sub-prime loan issue" as requested for the unit AFF 1300, Money And Capital Markets. The report outlines the reasons that caused the US sub-prime loan issue, which creates worldwide financial problems. Global impacts faced by other countries will also be discussed, with examples from the Australian Financial Markets. I hope that this report will fulfill the requirement as given by the unit and the faculty. Sincerely, Olivia Husein Business Report Analysis of the US sub-prime loan issue Name: Olivia Husein ID number: (20505574) Due date: 18 April 2008 Tutor: Mr. A.W Brian De Silva Unit code: AFF 1300 Unit name: Money and Capital Markets Assignment 1 Word count: 2492 words Table of contents Letter of transmittal 1 Table of contents 3 List of figures 4 .1 Figure. 1 Sub-prime mortgage origination 4 .2 Figure 2 credit rating on sub-prime performance in 2007 5 .3 Figure 3 Increasing share of securitized home mortgages 5 List of tables 6 .4 Table 1 Write-downs on the value of loans, MBS and CDOs 6 Executive summary 7 2 Introduction 8 2.1 Background information 8 3 Body 9
Budgets - An explanation of the use of budgets as a means of exercising financial control in Name It Ltd
Budgets An explanation of the use of budgets as a means of exercising financial control in 'Name It Ltd' Types Of Cost: Fixed Costs Fixed costs are costs that the business have to pay that don't change over a short period of time. As the product sale or service increases the costs stay the same. The same amount is paid regardless of the level of production. Fixed costs can include: the rent charge, electricity bills, gas bills, telephone bills, advertising costs or insurance prices. Variable Costs Variable costs are costs that they business have to pay but it is possible that they will change as the output increases. Variable costs can include: raw materials, delivery costs or packaging costs. Break-Even: Businesses should aim to break even to ensure they are going to survive in the future. Break-even is where the business doesn't make enough sales to make a profit but they make enough sales to avoid making a loss. The point of break-even is shown on a graph that businesses produce to see how well they are doing financially. The below diagram shows a break-even chart. http://www.bbc.co.uk/schools/gcsebitesize/business/finance/profitabilityrev2.shtml To calculate break-even: Break-even point = fixed costs (unit selling price - variable costs) The calculation of break-even tells you how many units of a product you will need to
The maintenance of accurate records supplies the company with the financial data that assists them to function more effectively, it also helps to make it possible for the company to maximise profit. The key statements are the profit and loss account, bal
Contents page Task A page 3 Task B page 21 Task C page 25 Task D page 27 Task E page 29 Task F page 38 Task G page 46 Appendix page 51 Task A Why accurate financial records need to be maintained The maintenance of accurate records supplies the company with the financial data that assists them to function more effectively, it also helps to make it possible for the company to maximise profit. The key statements are the profit and loss account, balance sheet and cash flow statement. Having this information helps to understand if company performance is meeting expectations and is in line with strategy. If the company knows where its money is going, it enables the company to make better and more considered decisions concerning its spending and savings in the future basically a method tracking the money flow. You need to bear in mind that accurate records don't need to be maintained for legislation purposes only. At the same time it pictures the business at a moment in time which will help management monitor and control the business and help them make decisions. Monitoring performance: In order for a business to be successful it requires the management to monitor financial performance strictly in turn to produce accurate
Business resources M2
Merit 2 It is very important for an organisation like Sainsbury to control its cost so that it can manage it financial resources effectively. The reason Sainsbury needs to controls its cost properly would be that it would end up where it would save money on expenses and increase it revenue. This will help the company increase its profits and this would allow the company to invest money if they required. The reason Sainsbury needs to controls its cost and budget properly is that it would save its money by having the right amount of stock in the shop floor and stock room then the company will have full benefit by selling those stocks and not holding up cash which could be used for other areas of the business. It is very important for an organisation like Sainsbury to control its cost so that it can manage it financial resources effectively. The reason Sainsbury needs to controls its cost properly is that it would save its money by having the right number of staff then Sainsbury would benefit as they would have cash available to pay for other expenses in the business. The reason Sainsbury needs to controls its cost properly is that it doesn't go over the budget which has been set by the company It is very significant for an organisation like Sainsbury to control its debtors properly and effectively then this would mean that the company would get its money owed paid back
Assignment 2-Unit 1 Exploring Business Purpose
Task 2: Design and project the aim and objective of business in different sectors and the main functional areas that support business organizations. Task 2 Why businesses set aims? Businesses set aims to make profit, provide goods and services. An aim also helps the business survive and expand. Maximise sales or improve quality and be environmentally friendly. All business has aims that they want to achieve and objectives that help them they have to do to achieve those aims. And aims are the overall goals and purposes that the business was set up to fulfil. Aim should always be appropriate to the business achieve and size of the business. Also aim is to provide a focus for the business also development and achievement of key areas of business. Why businesses set Objectives? Objectives: Objectives are steps which help to achieve an aim; they are broken down aims so that they can be easier to achieve them. They also should be monitored to be regularly checked if the achievement is successful. OBJECTIVES also are specific targets that must be achieved if the business is to fulfil its aims. Also objectives are to break down the aim so that they are easier to achieve and it's step which to achieve aim. All objectives mast is monitored regularly - to check achievement. Mission statement A Mission Statement sets out the business idea and values that enables employees,
