In this assignment I am opening a tuck shop in the school grounds and outside of the normal school system. I decided to open a tuck shop because there was no there was no tuck shop in the school grounds so there was a market opportunity.
In this assignment I am opening a tuck shop in the school grounds and outside of the normal school system. I decided to open a tuck shop because there was no there was no tuck shop in the school grounds so there was a market opportunity. In this assignment I have to find out different types of cost before we open the tuck shop. I will carry out primary research by making and using questionnaire. I will be carrying a questionnaire so we can find out what customers want so we can get exactly what most customers want and satisfy their needs. I will go to different sweetshops which surround Langdon School and find out how much they sell their goods for. So I will reduce the price slightly so the customer will come to my tuck shop because of the price. Business plan Business name: SNACK BAR Business address: Langdon School, Sussex road East Ham London E6 Tel: 020 8471 2411 Name: Vipan Lal Owner: There will be only one person working in the tuck shop which will be me. And I will be a sole trader. Business Activity: In my business activity I will be selling the goods to my customers. Aims and Objective: My long-term aim is to be successful in the future and to be here for a very long time making profit. My Objective is to buy more and more different types of snacks so the customers will have more variety to choose from and at a reasonable price so the customer will
Exploring business purposes Task one I am now going to select one out of each group and answer the following questions: * A) the size of the organisation (small, medium, large) * B) the types of business ownership (sole trader, partnerships, LTD, PLC, charity and franchise) * C) the scale of the business (local, regional, European and global organisation) * D) The purpose of the business (goods and services at a profit, free, costs etc.) I intend to investigate and produce a report for each of the business organisations. But I am going to address to the criteria above. In group one; I have decided to research St. Bartholomew's medical centre. I intend to follow up on my research using the B-Tec book and internet to answers the questions above. St. Bartholomew's medical centre I have research that: St.Bartholomew is a practice which consists of six partners which combines to make up a partnership company. They have two Salaried GPs, a GP Registrar and a GP Retainer. They offer over 60 doctor surgeries per week. They currently look after approximately 17000 patients. The size of the business is a medium organisation. In addition, they have many other practitioners working from the surgery: Practice Nurses, District Nurses, Health Visitors, Health Care Assistants, Midwives, Physiotherapist, Psychologist, Psychiatrist, Drugs and Alcohol nurse, and a Citizens
. Introduction In this paper author review the traditional theory of banking and attempt to examine the theoretical reasons for why banks exist. As a financial intermediation, the natures of the banks are to provide financial services and conduct the intermediary functions in the whole financial system by accepting deposits and making loans. The question raised here are how they conduct these roles and why the borrowers and lenders do not come together without the banks for the saving of intermediation costs, why both of the two parties are ready to pay for their services and what's the value added by the banks? The paper proceeds as follows. Section 2 offers a traditional view of banks and describes the nature of them. By analyzing how the banks conduct their traditional function, there rises a question of why the borrowers and lenders do not choose direct deal with each other? Which leads to the consideration of the theoretical rational for the existence of banks. This analysis is presented in section 3, which have an intensive expatiation in the theories. In section 4, what are the problems if the direct deals between the borrowers and lenders happen, and how can banks solve those problems are presented therefore answer the question why individuals are willing to pay the intermediation costs. This is followed in section 5 by an analysis of the recent changes in the
Auditing is becoming an increasingly expensive part of the management of health care. Discuss the role it plays in the financial management of a hospital, and comment on the value this adds.
MBA (Health Executive) Programme 2001 Accounting and Financial Management Assignment: Auditing is becoming an increasingly expensive part of the management of health care. Discuss the role it plays in the financial management of a hospital, and comment on the value this adds. Student Number: 020109477 Report to: Education and Training Development Group of a NHS Trust From: Student Number: 020109477 Subject: A review of the present system of, and the future for, financial audit within the overall audit framework of the National Health Service. . Introduction to paper This paper aims to define audit within the context of the National Health Service (NHS) with a particular focus on the financial auditing of NHS Trusts. The paper will provide an introduction to public sector and NHS audit, discuss the uncertainty concerning audit and identify key implications for the future. 2. Introduction to Audit The Collins Concise English Dictionary defines audit as "an inspection, correction and verification of business accounts by a qualified accountant" and "any thoroughgoing examination or check." Within the NHS the term audit refers to both the financial aspects of the business and the quality of services through clinical audit. The key purpose of financial audit is to ensure the appropriate use of resources, within the public sector this
Portfolio analysis On this part of the coursework I will show all of my 5 companies share prices and also how much I invested in them. I will also show if the companies share prices increased or decreased. Throughout the ten week period I will give evidence regarding to my articles, over the ten week period I will give the total amount of profit they made. You will also see if I had bought or sold any of my companies, this may be due to the fact that the company wasn't doing well as I had expected and didn't want to take the risk in investing in the companies. Sony Tesco Cadbury Bank of Scotland Nokia Week 1 5.50 5.40 6.50 6.70 6.50 Week 2 2.10 8.90 5.70 6.90 7.70 Week 3 4.60 4.40 5.60 5.10 3.70 Week 4 6.10 5.20 5.80 5.20 6.60 Week 5 8.10 6.20 5.10 4.40 8.40 Week 6 4.90 4.60 5.80 5.60 3.60 Week 7 4.50 4.68 6.30 5.10 4.40 Week 8 5.00 Week 9 Week 10 Week 1 My first week I had £10,000 to spend in every company I chose these was Sony, Tesco, Cadbury, Bank of Scotland and Nokia. The first company that I invested in was Sony share prices were £5.50 so that meant I could buy 1,818 shares with that company. The next company I invested in was Tesco the share prices were fairly the same at £5.40 each which lead me in buying 1,851 shares with that company. My 3rd company I invested in was Cadbury the confectionery and beverage
MA MANAGEMENT AND INTERNATIONAL BUSINESS FINANCE ASSIGNMENT Financial information maybe, in simple terms, understood as information with regards to the functioning of the enterprise and details of its resources. Accounting of financial information is all about providing data that helps to understand the financial position of the organisation, how resources have been used, future changes etc. It is a part of communication. Proper accounting of financial information is essential and it also helps in proper decision-making. Previously financial information used to be communicated only internally. But with the rise in growth and globalisation, there has been communication of financial information externally too. There are several users of financial information. The users of financial reports use the information obtained from financial statements for specific purposes. Investors, competitors, suppliers, government agencies, general public, employees etc. are some of the various user groups. But there are differences in the way financial information is reported in different countries. The accounting standards are different in different countries. "Accounting of financial information differs in content and application from country to country. In some situations accounting differences lead potentially to inefficiencies, missed opportunities and distortions of economic behaviour."
Shahid Islam PEST Analysis Pest Analysis is a way looking at how external factors will affect the business. 'PEST' stands for Political, Economical, Social and Technological issues. Political issues involve how different laws affect a business, for instance Trades Description Act. Economic Issues involve how the state of the economy affects businesses, e.g. interest rates. Social issues look at how social factors affect businesses, e.g. concerns about obesity. Technological issues look at factors on how technology assists businesses, for instance the growth of the Internet in recent years. Political Issues All businesses have to abide by laws and rules in this country. The government enforces these laws for the good of the business and themselves. There are few political issues which affect the business and these mainly are: - Direct Tax and Indirect Tax - Local Authorities - Consumer and the law - Employment and the law - Environment and the law 'Direct Tax' and 'Indirect Tax' both come under the heading of Fiscal Policy. This is when the government attempts to influence demand in the economy through its spending and taxation policy. For instance, if the government increases taxes, people will have less money to spend on goods and services, i.e. disposable income. Therefore, the demand will be reduced and businesses won't make as much profit or turnover. If
COMMUNICATIONS SATILLITE CORPORATION AN ANALYSIS OF DR. WILLARD T. CARLTON'S DEBT EQUITY RISK PREMIUM APPROACH I. STATEMENT OF PROBLEM Did Professor Willard Carleton do a reasonable job of estimating the cost of common equity for Communications Satellite Corporation for 1964 - 1975? II. FINANCIAL FRAMEWORK Debt Equity Risk Premium The financial framework used by Dr. Willard T. Carleton is the Debt Equity Risk Premium (DERP). The cost of equity equals the cost of debt plus an equity risk premium and is represented by the following equation: Ke = Kd + ERP1 Cost of Debt As shown above, the DERP model uses a firm's cost of debt as a starting point for the formula and adds a risk premium to it to determine the appropriate cost of equity. When the company has no debt to establish a starting point, the risk-free rate may be used instead, but to some disadvantage. There are similarities and differences between the risk-free rate of return and the cost of debt. They both account for the rate of inflation and long-term rates include a maturity risk premium. The cost of debt also includes a risk premium for the risk of liquidity, marketability, and default that is not a part of the risk-free rate. Government bonds can be used to determine the appropriate risk-free rate. Either T-bonds or T-bills can be used for this determination. The length of the project should play a
Within the practical example pack provided is a Financial Services Guide (FSG). Clearly identify any shortcomings it may have and provide suitable recommendations for correction.
ENTRY LEVEL COMPETENCIES COURSE ASSIGNMENT SEPTEMBER 2003 PART 1: Financial Services Guide Format: Written Report or Table Word Limits: 1400 (approx. 1264) Within the practical example pack provided is a Financial Services Guide (FSG). Clearly identify any shortcomings it may have and provide suitable recommendations for correction. Shortcoming The introductory page should be a summary of what is to follow in the FSG. Recommendation INSERT as the opening paragraph ... The matters covered by the FSG include, who we are, how we can be contacted, what services we are authorised to provide to you, how we are remunerated, details of our internal and external dispute resolution procedures and how you can access them. Shortcoming The introductory page should also state that the client can instruct the firm to take any type of action in regards to his or her portfolio at any time. Recommendation INSERT as the closing paragraph ... Any instructions you have in regards to your portfolio may be sent to the address outlined or the fax number stated in this guide. Shortcoming The 'Who will be providing the financial service to me?' section does not contain enough detailed background information on the 360 degrees financial solutions advisory group. Recommendations INSERT as the second last paragraph within this section... We have a strong commitment to adding value,
BTEC First Diploma Unit 3: Investigating financial control Contents Page Page 1: Introduction Page 2-6: Different Cost Page 6-13: Net Profit Page 13-16: Break Even Page 16-20: Cash flow Page 20-24: Recording transaction Page 25: Evaluation Page 26: Bibliography Page 27: Appendix Introduction This unit looks at the financial aspects of running a business. I will start by looking at profit and then investigate the point at which income equals expenditure, known as the break even point. It is also important that businesses carefully watch their cash flow. I will have to calculate the cash flow for a selected business and explain how a business can improve their cash flow. Budgets are another way in which businesses control their financial situation and I will have to draw-up a budget for the selected business. Finally I will look at the ways in which a business record transactions and ways of preventing frauds. Restaurant Ideas For this task I will be using the following scenario: "Warren Palmer wants to open a new restaurant in the Barnet area and has approached our business class for some ideas and advice as to what type of restaurant would be successful in this local area." BRAINSTORM These are my different ideas that I think the restaurant should be. Gambian Restaurants: Serving Gambian traditional dishes Takeaway service Multicultural restaurant: