M1+D1 In this task I’m going to analyse the figures on cash flow that I created in P3 and justify why you think the business might have problems also provide range of solutions. Issues identified from cash flow The first issue with mobile Phone Repair Service’s cash flow forecast is that it has negative closing and opening balance from march to June and this means that the business has short cash in this time of the year. It also proves that it a seasonal business. Recommendation Mobile Phone Repair Service could consider bank overdraft to be able to survive. Overdraft helps business to overcome the difficulties throughout the year because they are easy and quick arrange, it provides good cash flow backup with the minimum Struggle. The advantage of bank overdraft is the interest is only paid on amounts borrowed also it’s flexible for Mobile Phone Repair Service. However, the disadvantage of bank overdraft is that it cannot be used for large borrowing also the business can face large charges if they go over the agreed overdraft time period, therefore, the manager should monitor the overdraft time period to be on the safe …show more content…
This because the payment is followed by monthly. Furthermore, the rented van will be more reliable because it will be new, they usually have manufacture warranty. These generally do not cause costly repairs for company as they are generally in good condition. Therefore, the company can reduce the cost of the business. The disadvantage of the company renting a van is that they need to take special of the car in order, when you return the van it will need to be examine and every scratch and if a thing is spotted it will be noted. These could cost them a significant sums of money. I made this suggestion because Mobile Phone Repair Service need to reduce financial burden, therefore, this would allow the expansion of the
| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.
Take in and implement better technologies immediately as soon as they have availability, regardless of whether or not there are organisations using them beforehand
Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to
1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
The purpose of storing and retrieving required information is so you can readily retrieve it when it becomes required.
There are a number of guidelines and procedures in place to enable me to do my job not only to the best of my ability but in a professional manner. Whilst on the reception area, there are procedures that need to be followed relating to various aspects of the job including correct procedures to greet visitors, answer the telephone, dealing with incoming and outgoing mail, booking meeting rooms as well as many other procedures. All of the relevant procedures are kept in a file at the reception area where any member of reception staff can revise them as and when necessary.
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
• The first thing you need to do is save a copy of this document, either onto your computer or a disk
Please note that this Assessment document has 8 pages and is made up of 7 Sections.
The financial department have been asked to carry out analysis all invoices from the past year to provide data on where wastage is taking place.
Analyse how evaluating a business event informs future planning. Identify different methods of evaluation, e.g. questionnaires for delegates or a debriefing session, explaining how they contribute to identifying problems and providing solutions for future events.
Disciplinary procedures are a set way for an employer to deal with disciplinary issues. They should include a disciplinary hearing where you’re given a chance to explain your side of the story.
It is very important in business that individuals have lucrative methods of communication in order to convey important messages, and use these methods in order to interact with other businesses and the public. Methods of communication can also be commonly used to advertise and market, for example via the use of social networks which advertise to a wide range of individual, to through written posters which can be placed up in shop advertisements and on notice boards alike.
In this assignment, I will evaluate the reliability of break-even analysis in estimating budgeted activity levels for a selected organisation.