Unit 2: Business Resources Amy Doherty D3: Benefits & Drawbacks of Variances Variances can be defined as “A measurement of the spread between numbers in a data set. The variance measures how far each number in the set is from the mean.”1 A variance can be adverse or favourable. An adverse variance is when the actual financial figures for a business are worse than forecasted and a favourable variance is when the actual figures are better than budgeted. A budget is an documented
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and loss account: The purpose of the profit and loss account is to: Show whether a business has made a PROFIT or LOSS over a financial year. Describe how the profit or loss arose – e.g. categorising costs between "cost of sales" and operating costs 2. Explain why it is important for a business to prepare a Profit and loss account: Business keeps various types of financial record to monitor its performance and ensure that taxes are paid. These include profit and loss accounts. A trading‚ profit and
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CANDIDATE’S REPORT Q1 Know about the legislation‚ guidelines‚ policies and procedures for safeguarding the welfare of children and young people‚ including e-safety 1.1 Identify the current legislation‚ guidelines‚ policies and procedures for safeguarding the welfare of children and young people‚ including e-safety The current legislation to safeguard children in England is “The Children Act (1989) and (2004)”. It is the main legal framework around which child protection procedures are orientated
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CHAMPION EQUALITY‚ DIVERSITY AND INCLUSION UNIT 503 1.1 An understanding of the positive values of equality‚ respect for diversity and inclusion in care work is paramount and the importance of it never underestimated. Circumstances‚ which bring individuals into contact with support workers/carers by very nature‚ would suggest that the recipients of that care are likely to be vulnerable in one way or another. Inevitably‚ whilst caring for others and engaging with them about situations about their
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Unit two consists of articles related to Learning disabilities (LD). The articles range from academic support to declines in LD staffing‚ and specific types of LD such as Dyslexia‚ to building organizational skills to helping LD students become successful. In the article‚ “Learning Disabilities” Freiberg (2015)‚ it explains that the LD eligibility category makes up the largest number of students enrolled in inclusive and regular classrooms from grades k-12. The article goes on to explain other
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Part 2 (i) Give a description of the following variables using appropriate graphical displays and summary statistics: gender; time; travel; type; number. Explain what these show about the typical travellers on the system. a) Gender According to the survey results and figure 1‚ the number of respondents for male is 114 and female is 86. This may suggest that there are more males than females travellers travel in the train. b) Time According to the survey results in figure
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Case Analysis Unit 2 Assignment 2 Omar James Kaplan University The Case This case is an interesting one because it gets right into the core of the confliction between the proprieties of contractual agreement. This case is focused primarily on Osborne Development Corp. and the multiple defects customers are experiencing with their homes. These upset customers are suing this Corporation in attempts to collect reparations for the discrepancies faced. The homeowners who
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Unit 2- P7 Ratio analysis is a tool brought by individuals used to evaluate analysis of information in the financial statements of a business. The ratio analysis forms an essential part of the financial analysis which is a vital part in the business planning. There are 3 different ways of assessing businesses performance and these are: solvency‚ profitability and performance. Ratio analysis assists managers to work out the production of the company by figuring the profitability ratios. Also‚ the
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between the two years is 0.3p decrease. As Sainsbury’s needs to have a £2 to £1 earned‚ the price is behind in both years. This means that there is a 2 year crises at Sainsbury’s. Acid test ratio 2013 Current assets = 1901 Inventories = 987 Current liabilities = 3115 ATR = (CA – I) / CL = 0.29 2012 Current assets =2032 Inventories = 938 Current liabilities =3136 ATR = (CA – I) / CL = 0.34 The difference between the 2 years is that Sainsbury’s has a better ratio in 2012 with Sainsbury’s
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the document. Lab 2.2 – Identify Entities‚ Attributes‚ and Business Rules Step 3: List Data Requirements 1. Allow IT Staff to edit all the Types of Software to be tracked. This includes type of software‚ licensing dates‚ status‚ and location. 2. Allow IT staff to enter‚ edit‚ and delete New Software Requests. 3. Allow IT staff to view the different licensing agreements and types. This includes viewing the license pricing per agreement. 4. Allow IT staff to sign out software to users with administrative
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