In What Ways Did The Conditions At Greg's Mill Differ From Some Other Textile Mills?

In What Ways Did The Conditions At Greg's Mill Differ From Some Other Textile Mills? Quarry Bank Mill differs in a lot of ways from other mills of it's time. The living conditions and working conditions were far superior to that of other cotton mills. The workers of Styal Mill were treated extremely well compared to the workers in other mills. For example, instead of harsh beatings, which often resulted in death or severe injuries, workers were fined or locked in solitary confinement for crimes such as lateness, swearing, being unwashed or disorderly. Non-violence was used because, if your workers died from harsh beatings, then whom would you employ? Most Mill owners caught on to this idea and decided to give their workers better treatment and even healthcare in some mills. Samuel Greg employed a doctor/dentist to look after his workers when they were ill or needed a tooth pulled out. This was extremely unusual because, you could see the doctor for free whereas if you were working somewhere else, as a plain village shopkeeper for example, you often couldn't afford to go to the doctor. Greg did this because if he had unhealthy workers, he would have low profits. Richard Arkwright was another Mill owner that treated his workers fairly. He set up a Saturday market for the employees that lived in the village and even had a festival which had it's own theme song. This

  • Word count: 764
  • Level: GCSE
  • Subject: Business Studies
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Factors associated with buying or leasing a car.

Christina West 615-885-4841 Dr. Annette McCreedy Essay #2 0/13/03 When buying or leasing a car several considerations should be taken into effect. Buying a car is when payments are taken monthly if the car can't be purchased in one lump sum. A car lease is a short-term purchase and when the lease is up the car must be returned. Although leasing a car might be fun and ideal for people who have an abundance of money, buying a car is ultimately the best path. I feel that buying a car is a much better decision than leasing a car, because after the car is paid off it belongs to the buyer, still holds value, can be modified, and gives the owner a sense of pride. Also, when leasing a car the buyer is forced into a constant program of spending more money. Leasing is like renting a car for a long period of time. The leaser never owns the car, and there are limits to what can be changed about it and how many miles that can be put on the car (Citrome). Leased cars cannot be modified and society this is very popular. "Modifying cars has been a popular past time for as long as cars have been about" as posted on Street Racers website. When buying a car, changing the appearance of the interior or exterior by installing new speakers or changing paint colors is acceptable. If the car has been modified everything that has been added to the car should be taken off before returning the

  • Word count: 884
  • Level: GCSE
  • Subject: Business Studies
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BREAK-EVEN ANALYSIS OF MCDONALDS

BREAK-EVEN ANALYSIS OF MCDONALDS INTRODUCTION Break-even analysis is the comparison of a firm's revenue and it fixed and variable costs, to identify the minimum sales level needed to achieve break even point. Break-even point is the level of output at which total revenue equals total cost. A business to achieve break-even is so important. A business usually fail down because put all the money in, and can't get the money back in the short term of time, which they can cost the cost. Break-even is an important objective of a business to survive in the short term. To break-even, that means the revenue needs to cover all the cost of the business, which is variable cost and fixed cost. The revenue is means the money which make from to sell the products. Variable cost is means the cost that directly go to make each product. For example raw material, and staff wages. It call variable cost is because they are depend on how many product are produce. Fixed cost is the cost of running the business, it doesn't affect by how many product are produce. Fixed cost include the rent of the shop, business taxes, fuel bill, insurance, staff salary etc. The business revenue is needed to cover the fixed cost or it will make a loss. BREAK-EVEN OF MCDONALD Calculate Break-even point, can either show on a chart or use equation Equation : Break-even = Fixed cost/ contribution Contribution=

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  • Level: GCSE
  • Subject: Business Studies
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The different types of borrowing.

The different type of borrowing There are 3 term of borrowing: * Short Term * Middle Term * Long Term . Short Term ---Friend and Family Advantage: You can borrow money from your parents, sisters, brothers and relation easily. Disadvantage: You can only borrow small amount of money. 2. Middle Term ---Bank personal loan What is personal loan? It means a personal loan is money you borrow from a financial institution - for example a bank or a building society. Advantage: Personal loans are available in varying amounts with different rate which usually depend upon the purpose for which you require the loan. Disadvantage: Unsecured personal loans are usually more expensive than homeowner loans as the lender doesn't take a charge on your loan. In other words you do not guarantee your loan with your home. How do they work? You borrow an agreed sum of money for an agreed length of time (normally anything from 6 months to 10 years or more). The lender makes money by charging interest on the loan. The interest rate can be either fixed or variable. The Headline Interest Rate This is the interest rate you'll see quoted in the adverts and best buy tables. Basically you shouldn't take it too seriously. It's a means the lenders use to attract enquiries. The interest rate they offer you may well be different because of your personal credit score. Headline rates are

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  • Level: GCSE
  • Subject: Business Studies
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Cash Flow for The Sea View Hotel. Evaluate how using cash flow forecasts and financial recording systems can contribute to managing business finances at The Sea View Hotel:

BUSINESS COURSEWORK: FINANCE 3 AMY HEATH Task 1 Cash flow forecast for The Sea View Hotel: Task 2 Analyse the cash flow produced in Task 1, including the implications of the regular and irregular cash inflows and outflows for The Sea View Hotel: The advantages of a cash flow are that you can view how much money is going in and out of your business every month. The cash flow for The Sea View Hotel shows that they are in loss for the majority of the year. The inflow isn't good enough and to improve this they should raise the price of the hotel rooms and food. To raise their inflow they could advertise and do promotions to get more customers/revenue in. The outflows in some parts are big values, (the irregular cash outflows) which could be paid over time instead of all at once. They could reduce outflow even more by reducing the price of the food and utilities, and even change their insurers to a cheaper one. They have an irregular inflow for the refurbishments (£12000), but they spent over the money given (£15000), so more money went out than money went in. Task 3 Describe how each of the following financial transactions/documents could be recorded in order to prevent fraud in The Sea View Hotel: * Order Form: The purpose of the order form is to order goods from a supplier. It is completed by the buyer who then sends it on the company selling the required goods.

  • Word count: 890
  • Level: GCSE
  • Subject: Business Studies
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Social and Enviromental Accounting

Social and Environmental Accounting . Introduction Accounting forms the most important quantitative system within an enterprise. Information is offered to users in the form of financial reports, which are the final product of the accounting process. The purpose of financial reporting is to communicate financial information to interested parties. It is therefore important that financial reports must be presented in such a way that the relevant information is timeously communicated in a meaningful, comprehensible and useful manner, allowing users to act upon it and to use it to aid effective decision-making. However, environmental reporting embraces a number of quite different concepts and practices, for which different professional disciplines are appropriate. A company may be reporting principally the impact that the business has on the environment; or the impact the environment has on the business. Environmental accounting here is chiefly concerned with the latter (Anon, no date). This paper will focus on the discussion of whether the social and environmental reporting fulfils the objective of accounting. Moreover, it will give an account of how qualitative characteristics are relevant to such reporting. 2. Social and Environmental Accounting When the whole world experiences a rapid growth of industry and economic, unfortunately, the natural environment is terribly

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  • Level: GCSE
  • Subject: Business Studies
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Cash Flow Problem (Creative Letter)

Date: 18/12/09 From: Richa To: Manuel, the owner of Gardener's Green Topic: Cash flow problem Your company (Gardener's Green) is clearly facing a cash flow problem because the cash flow of a business is the cash inflows and outflows over a period of time, and we produced a graph to see your forecasted sales revenue each month and it showed that your company does have a cash inflow but it's only for certain months: April, May and September but during the months: January, February and March your cash inflow is at its least. I think the reason for why your cash inflow is at its least during particular months (January, February and March) is because it is winter time and so your business may not be busy at this period of time. It is very important to fix this cash flow problem because if we do not fix this cash flow problem your business will not be able to make daily transactions and will be soon in a liquidity crisis. So, to solve this problem there are many solutions which can be put into action. Firstly, the obvious method to decrease cash outflow would be to reduce expenditure to improve your cash flow. The steps you can take in order to reduce expenditure are asking for a longer credit from your suppliers, so that you have time to pay for your expenses until cash is available. Another method of reducing expenditure could be reducing the credit given to your

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  • Level: GCSE
  • Subject: Business Studies
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Ao3 Business Structure Task 3

Ao3 Business Structure Task 3 . Say how Manchester airport is organised: * Manchester airport has a hierarchy structure. This type of structure has: * Lots of layers of managers. * A small number of senior managers at the top of the structure. * A large number of workers at the bottom of the hierarchy. * This allows workers to work their way up gaining more authority & responsibility. * There is a clear position for every member of staff. 2. Describe the chains of command within Manchester airport structure. * Orders and instructions work their way down the hierarchy from senior managers to the airport floor workers. * Managers have authority over their subordinates. * Managers can ask subordinates to carry out tasks but they remain responsible for seeing the work is carried out. 3. Describe the span of control within Manchester airports organisational structure: In Manchester airports structure the span of control is small because: * There are lots of layers. * It's difficult to supervise a large number of employees closely. 4. Describe how authority and responsibility work with Manchester airports structure: * The overall responsibility for Manchester airport lies with John Spooner who is the managing director of the company. * John Spooner delegates responsibility to four directors. They are: * Tim Mc Dermott (Head of aviation development) * Will

  • Word count: 426
  • Level: GCSE
  • Subject: Business Studies
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For my assignment I have been asked to demonstrate compentence in handling key business calculation and basicly demonstrate my understandings of the revelant financial flows

Introduction For my assignment I have been asked to demonstrate compentence in handling key business calculation and basicly demonstrate my understandings of the revelant financial flows. I am able to choose my own business, provided with information needed. For my chosen business I need to do the following: Task 1: I have been asked to explain how business may calculate break even in order to indicate profitable activity levels, to adapt break-even calculations for selected business in the light of changing cost and sale price data, then to recommend appropriate coursers of action for a selected loss making business. Task 2: In task 2 I have been asked to explain the meaning of cashflow with reference to a spreadsheet containing at least six sets of monthly data, to explain how a profitable business could go bankrupt due to cash flow problems and to recommend ways in which a selected business might control its cash flow most effectively. Task 3: I this section I have been asked to explain how a budget midht be used to monitor expenditure for one cost centre for my selected business, explain the importance of budget variance information to managers of my selected business and to recommend ways in which managers might deal with a cost centre that consistenly records an unfavourable budget variance in the caseof my selected business. Task 4: In task 4 I have been asked

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  • Level: GCSE
  • Subject: Business Studies
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Profitability & Reporting Assignment

Profitability & Reporting Assignment Task 1a) From referring to and using the memo from Bob Harris and the figures in Appendix 1, I will be calculating the total profit. Appendix 1 is illustrated below. Division 2 3 4 Product P1 P2 P3 P4 Volume 7,000 6,500 0,000 8,000 S.P per unit (£) 1.00 0.00 0.50 2.00 Turnover 77,000 65,000 05,000 96,000 Materials 28,000 9,500 45,000 40,000 Labour 21,000 6,250 2,500 40,000 Other Costs Apportioned Central Overheads Personnel 0,000 8,000 7,000 0,000 Finance 5,000 6,000 6,000 7,000 Administration 4,000 4,000 6,000 6,000 TOTAL EXPENSES 68,000 53,750 76,500 03,000 PROFIT/LOSS 9,000 1,250 28,500 -7,000 Total Profit = Sum of Product 1 Profit + Sum of Product 2 Profit + Sum of Product 3 Profit + Sum of Product 4 Profit = £9,000 + £11,250 + £28,500 + £-7000 = £41, 750. Task 1b) The Saved Costs are going to be the Variable Costs. The Variable Costs from using the table above are Labour (£40,000) & Materials (£40,000). Labour costs will be saved because if division 4 was to close then Spark Ltd will not need any labour to manufacture product 4 and so no funds will need to be spent on purchasing materials to fabricate that respective product in that particular department. Subsequently, the company will save £80,000. This was determined by adding up the VC's and then

  • Word count: 4597
  • Level: GCSE
  • Subject: Business Studies
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