Task 2 – Budgeting A1 - Prepare a summary report in which you do the following: 1. Discuss specific budgetary items raise concern in the budget planning (Spreadsheet Tab: Task 2_Budgets_and_Proformas). Competition Bikes has prepared a budget for year nine of operations. In reviewing the budget presented several technical areas of concern have been noted. For ease of review‚ budgetary issues that raise concerns are presented in a bullet format. · The first issue of concern is in the direct
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the evaluation of Competition Bike’s budget schedule a few areas of concerns were identified within the budgeting and proformas. The first area of concern within budget was advertising. The advertising was budgeted for $28‚412; they may want to consider increasing their marketing to reach a wider audience to boost sales. In year 6 the advertising was $23‚820‚ then increased year 7 $32‚760‚ and year in 8 decreased to $27‚428. They need to increase their exposure within the bike market. They need to
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Implement financial management approaches Submission details Candidate’s name Phone no. Assessor’s name Phone no. Assessment site Assessment date/s Time/s The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective The candidate will demonstrate the ability to implement financial management
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Manage and develop team Submission details Candidate’s name Phone no. Assessor’s name Phone no. Assessment site Assessment date/s Time/s The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective The candidate will demonstrate the ability to ensure delivery of quality service through handling
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The Motorbike Andy is a young‚ patient and nice man. He works a lot to afford his motorbike and expensive clothes. He is confidence and good to ride bikes which express itself by the way he rode his bike round and round the yard. He is ‘free’‚ he does what he wants and he lives his life without restrictive measures and without worries. The reason why Ray and Eleanor have quite different opinions about Andy is because Ray knows how it is to be a boy like Andy. As the text says in line tree to five
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TASK TWO Task Two 1 A1. Concerns in Budget Planning: Budgetary Items. Depreciation: Depreciation is “the method that the accountants use to allocate the cost of equipment and other assets to the total cost of products and services as shown on the income statement” (Berman‚ Knight‚ & Case‚ 2013). Depreciation is said to be based on the same fundamentals as accruals in that a company “wants to match as closely as possible the costs of products and services with what was sold” (Berman et al.‚
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Heather Taylor JHT2 Task 2 A. The first 4 years of Company D was rough in some areas but improved throughout the years. The image rating was one major weakness in the company. Image rating stuck around 41 to 70 for the first 4 years of operating. With each year the rating increased little by little slowly to compensate or help the company. The image rating slowly climbing helped the company by showing the customers the organization is up for making improvements in order to gain their loyalty
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A. Discuss elasticity of demand as it pertains to elastic‚ unit‚ and inelastic demand. Elasticity of demand is gauged by the percentage of change in demand when the price of an item varies. If the change in the quantity demanded is greater than 1 the demand is elastic. Elasticity of demand is calculated by ED=quantity demanded/decrease in price. If you reduce the price of milk by 6%‚ and that causes an increase of quantity demanded by 9% the demand for milk is elastic (ED= .09/.06 = 1.5).
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A1. a. Horizontal Analysis INCOME STATEMENT Years 6 and 7 REVENUE Net sales for Competition Bikes‚ Inc. increased 33% from year 6 to year 7. This yielded a 31.8% increase in costs of goods sold. Gross profit in year 7 was up by 37.5%. This is done by subtracting the cost of goods sold (3‚294‚000) from net sales (4‚485‚000) and resulting in the 37.5%. Their overall net earnings increased 313.4% in the course of year 6 to year 7. That is roughly three times their previous earnings. This growth
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drenTASK 2 Organisations that work in this area IKEA WORKING ALONG SIDE WITH UNICEF: NOVEMBER 2‚ 2012‚ SYDNEY: EVERY purchase of an IKEA Soft Toys for Education product helps children across Africa and Asia go to school. Around the world‚ 61 million children aren’t able to go to school. UNICEF is working in the world’s hardest to reach and poorest communities to ensure all children complete a basic school education. It does this with the support of the IKEA Foundation Last year‚ the annual
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