Question 1 a. Based on information provided in the question‚ the bonus for the Jane-HW7 manager for the last quarter of 2013 should be $0. The quarterly bonus is determined by two factors: ROA and amount of profits exceeding profit target. During the last quarter of 2013‚ the actual profit is low‚ which is $5‚278. The average total asset of the location is $200‚000. ROA=5‚278÷200‚000=1=2.639% The number is far less than required ROA of 10%. Furthermore‚ the profits ($5‚278) is not exceeding
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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Business Studies – Business Communication Unit 4 – Task 1 Business communication can promote a product‚ service‚ or organization: it relays information within a business. Business communication is essential for a business as it is a good way of building the businesses success. The communication is most important if the members of the business are to work as a team to the same goal. The types of communication are: * Verbal * Written * Onscreen * Multimedia * Web based
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Assignment On Business Environment Contents Introduction Business environment refers to the combination of external and internal factors influence the organization of the operating conditions. There are several factors of the customer and the business environment‚ such as suppliers‚ technology‚ law and government activity and the market‚ social and economic trends competitions and owner‚ is improved. Task 1: The Contextual Environment: 1. a Identify the
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Introduction to Business Level: 3 Learning Outcomes and Indicative Content: Candidates will be able to: 1. Unit code: IM Learning Hours: 100 Understand and describe the nature and purpose of business in terms of what businesses do‚ what resources they need and who they are accountable to 1.1 1.2 1.3 Explain the needs of different stakeholders in a business; owners/shareholders‚ customers‚ employees‚ management‚ suppliers‚ creditors and government Describe the inputs required by a business; labour‚
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P5: Explain the characteristics of the local business environment In this task‚ I have been asking explain the characteristic of local business environment. I will relate it into the following * Markets * Sector and industry changes * Economic trends * Legal Framework * Markets * Sector and industry changes * Economic Trends * Legal Framework The legal frameworks are all laws and regulation that are made by the government; those laws are made
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others with purpose benefiting each of them. Business is main linkage factor for countries to link with each other. Then it will grow up to political‚ cultural and in too many more sectors. With all this condition environment of business is getting complicated but it is very helpful function of business and it will benefited too. Business Environment can identify as “All of the factors‚ both internal and external‚ which influence the function of a business. Internal factors include items such as the
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London School of Business & Management BTEC Levels 4 & 5 HND Business Centre No 79829 Unit No & Unit Title Unit 1: Business Environment Course Title HND Business (BTEC Level 4 and Level 5) Lecturer’s Name Dr Knowledge Mpofu Assignment Title & Type Date Set Business Environment – Individual Assignment 24th September 2014 Due Date 9th January 2015 Academic Year / Semester September 2014 Semester Unit Outcomes Covered: LO1. Understand the organisational
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Outline A celebration of life paper will seek to express my feeling about certain topics and how I can conduct research to explore more details on the topic. I will start by exploring various topics that I am passionate about‚ although the topics are not necessarily related to each other. Of significance is that the topic I will select may not relate to my career‚ but rather an exploration of what I like or happening in life. From a personal perspective‚ being given the task of writing a celebration
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Memorandum To: Professor Eric. E. Spires From: Richard Ansley‚ Yuting Cai‚ Jeong Yeon Kim‚ Tianyu Zhu Date: 9/4/2012 Re: Meteor Technologies‚ Case One The audit of Meteor Technologies in 1989 completed by Gilmore Bennington and Peter Zalenti of W&P had many egregious errors. Three major issues in this case will be stated and analyzed firstly. * W&P auditors’ failure to obtain competent evidence to develop a reasonable opinion. * The lack of mental independence by the auditors
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