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Finance and Accounting Assignment...as they select the merchandise and also cater it to the store (Lusch & Vargo, 2009). Situation where I have involved myself in the coproduction of value is in the process of buying a car. Purchasing a car is an example of lack of power of the consumers in the real world. Before associating me with S-D logic, the normal process was to visit a dealer show room where uninformed of model appears, performance of comparative product, level of availability of product, financing, and the market value of the car. And even after the purchase of the car, customers are still unaware of the fact that whether they were able to achieve the real value for money spends on purchasing the car. Thus based on the analysis, I decided to check...
4 Pages(1000 words)Assignment
Introduction to Accounting and finance -- Economics, Finance and Management....
It is probably not possible to collect the total amount of credit sales. Some amount of credit sales turns into bad debt expense which can’t be recovered. Company should allocate small percentage of sales to bad debts.
TASK 3:
Although the company is able to make a small profit by the end of the year but its liquidity position can’t be justified on the basis of profit realized.
CASH:
Cash is what keeps the business functioning. Company requires cash on hand to pay for its operating, investing and financing expenses. The amount of cash available/deficit is calculated by cash flow statement. Hisrich, Peter & Shepherd states that “Cash flow results from the difference between actual cash receipts and cash payments”...
4 Pages(1000 words)Assignment
Introduction to Accounting and finance -- Economics, Finance and Management...should consider importing only if it sure to build a proper supply chain, before taking up such actions.
Book References:
Berman. K., Knight.J. & Case. J., 2006. Financial Intelligence: A Manager’s Guide to Knowing What the Numbers Really Mean. U.K. Harvard Business Press. Ch. – 21.
Clemmer. J., 1995. A Guide To Transforming Yourself, Your Team, and Your Organization. U.K. The clemmer group. Ch.-11.
Coltman. M.M., 1989. Cost Control for the Hospitality Industry. U.K. John Wiley & Sons. II edition. Ch. – 1. ( Costs and Decision Making).
Fields. E., 2002. The essentials of Finance and Accounting for Nonfinancial Managers. U.K. AMACOM. Ch. – 4 (Generally Accepted Accounting Principles –...
4 Pages(1000 words)Assignment
Introduction to Accounting and finance -- Economics, Finance and Management...in the company. The given scenario is ultimately forcing the company for borrowings which will lead to more cash outflow in the form of interest on borrowings.
Due to the overdraft the cash flow for the month of June is carried forwarded to next month and so next 3 months (July, August and September) gets effected. It could have minimized the cash effect of outflow by maximization of sales.
Three major issues need to be addressed can be the following:
(1) Cheep source of financing is to be identified: Internal borrowings or external sources need to be evaluated first and then the source s to be selected.
(2) The option of raw material purchase should be chosen from a cheap source which is suitable for reducing the cash...
4 Pages(1000 words)Assignment
Introduction to Accounting and finance -- Economics, Finance and Management...shows the depreciation figure used up in calculating the net worth of the noncurrent assets of the organization. The balance sheet clearly shows that the company has a good working capital of around £3100 but this is not shown in the cash flow forecast for the month of June, which clearly shows a negative cash balance for the company. This goes on to show that the figures used in the balance sheet donot give the actual cash in hand of the company and it is a mere set of assumption and accounting standards used to derive such a statement. (Slywotsky, 2002; Tracy et al, 2004)
TASK 4
Each and every company or organization requires a proper mix of finance to operate the organization in a smooth manner....
4 Pages(1000 words)Assignment
Introduction to Accounting and finance -- Economics, Finance and Management...Introduction to Accounting and Finance Task I Task II “Cash flow based forecasts (receipts and payments) are forecasts of amount and timings of cashreceipts and payments, net cash flows, and changes in cash balances, for each period covered by the forecast.”(Alastair Graham and Brian Coyle, page 21)i Hide to Seek Limited is planning the business under conditions where it has to make bulk purchases from a UK supplier. Bulk purchasing with just one month credit facility are bound to put pressure on the already precarious liquidity position of the company. Liquidity is required for meeting regular monthly expenses, interest payments, and tax payments. The result is that immediately on payment for bulk...
4 Pages(1000 words)Assignment
Accounting and Finance for Managers...Activity-Based Costing: A Strategic Approach to Cost Management CONTENT PART 1.0 INTRODUCTION 3
2.0 ORIGINS AND THEORETICAL FOUNDATION OF ABC 4-6
3.0 ABC OVERVIEW
3.1 Hype Cycle 6-7
3.2 FACTORS ASSOCIATED WITH SUCCESSFUL
ABC IMNPLEMENTATION 7
4.0 DIFFUSION OF ABC 8
5.0 ACTIVITY BASED COSTING OVER THE LAST DECADE 9-10
6.0 CONCLUSION 10
PART 2
1.0 CASE STUDY OF COMAPANY AX LTD 11
APPENDICIES 13-20
BIBLIOGRAPHY 21-24
PART 1
1.0 INTRODUCTION
During the late 1980s and throughout the decade of the 1990s, a comprehensive debate took place in the academic literature concerning the relevance and effectiveness of Activity-Based Costing (ABC) as a managerial...
11 Pages(2750 words)Assignment
ACCOUNTING AND FINANCE...control personnel stationed at the manufacturing company, the Manager and two other staff
6. The investors will receive a dividend of at least 10% of their investment at the end of every year. They are paid by the end of the year.
Appendix 6
Healthy Drinks & More – “BLASS”
Forecast Balance Sheet
Year ending November 30, 2011
Fixed Assets
Cost (£)
Accum. Dep. (£)
NBV (£)
Motor Vehicle
30000
6000
24000
Office Furniture
30000
3000
27000
60000
9000
51000
Current Assets
Inventory
24000
Trade Debtors
100000
Bank
360000
484000
Current Liabilities
Trade Creditors
(60000)
Working Capital
424000
Net Assets
475000
Financed by:
Capital:
Owner
10000
Investors
100000
110000
Profit
365000
475000...
11 Pages(2750 words)Assignment
Finance and accounting...Question One Part (a) Men under forty in the sample set = 75 Total number of agents in the sample set = 118 Probability of picking two men under forty = (75 / 118) x (74 / 117) = 0.402 = 40.2%
Part (b)
Men with incomes between 2,000 and 3,000 = 23
Number of men in the sample set = 98
Probability = (men with incomes between 2,000 and 3,000) / (number of men in the sample set) = 23 / 98 = 0.235 = 23.5%
Part (c)
Number of men under 35 and married = 37
Number of men required for survey = 5
Permutations are being utilized in order to bring out unique groups of 5 men out of a total of 37 men who meet the criteria.
Number of ways to choose = 37P5 = 52307640
Question Two
The highest income level for both groups (men and women) is 11,000... One Part...
6 Pages(1500 words)Assignment
Finance accounting assignment...Finance and accounting Introduction Excellency clothing company is a global company that was established in the late 1980’s. It was economically developed with the sole purpose of producing high-quality products that are tailor-made to satisfy consumers’ needs and demands (Robinson, 2009). Excellency clothing company is not one to either brag or even bombards you with multi- billions of dollars of advertising. Since ever the establishment of the enterprise, they coined the phrase, “Nobody without wear”, their approach have been simple: to overwhelm their customers with the best goods of high quality and durability. In short, they let the customers do talk.
The company is currently ranked as the largest...
6 Pages(1500 words)Assignment
