In this I will be explaining the profit and loss of the Domestic Dog Homes along with the explanation of the balance sheet of Domestic Dog Homes. The profit and loss account is a type of business information which companies or Domestic Dog Homes (DDH) can use to see the financial performance of their company over a certain time period. The profit and loss account shows the sales‚ cost of sales‚ gross profit and net profit from the DDH trading accounts it shows that DDH made of gross profit of
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Explain the purpose and use of a profit 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
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£100‚000 from 2006 to 2007; this could have been for a number of reasons such as more advertising. The “less cost of sales” section in the income statement is the section where all the costs of making a sale are listed‚ for example raw materials. A business would aim for their cost of sales to be lower than sales so that they can actually make a profit. In terms of Wansbeck LTD it shows that the cost of sales had increased by £150‚000 from 2006 to 2007; this is a huge increase‚ it also shows that the
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Ethical principles There are four key principles in health and social settings‚ where the individual is at the heart of the health and social care provision. The four key principles are: Justice: people must be treated fairly no matter what their background. Autonomy: a person’s choices must be respected. Beneficence: this involves risks and costs; the health or care professional should act in a way that benefits the patient. Non-maleficence: any harm caused by a treatment or
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M2 Describe legislations and regulations‚ working strategies and procedures used in health and social care to reduce the risk of two types of abuse Scenario one I am going to use an elderly lady‚ called Arlene (aged 91) who lives in a residential care home who is being neglected by the care providers in the setting. Care standards act 2000 is a legislation put in place in health and social care settings to ensure that all the standards are met at all times and something is done about it if they are
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Unit 1: Business Purposes P5 Criteria “Explain the characteristics of the local business environment.” Define a local government. Identify the departments within a local government and explain its general purpose. (Why is it beneficial for local residents to have specialist departments within the local government?) Name your local government‚ mention the: Number of ethnic minorities. What is the impact of this on the local area? (Mention more incentive for businesses to start up in
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P5. Describe the influence of two contrasting economic environments on business activities within a selected organisation. There are two very important economic environments that effect Tesco‚ economic growth and the recession. An economic growth will be good for Tesco as business will be booming‚ more goods are being produced and profits are increasing. When this happens Tesco becomes a very high profit business and invest in new products or stores which can lead to Tesco being more profitable
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Sainsbury’s in UK and Tesco in China Tesco has becoming a major trader across the globe but with this approach it faces many challenges. Across the countries in which it operates in‚ each has their own laws‚ regulations‚ economy and consumers. Term Definition Economic cycle Definition – The economic cycle is the fluctuation of the economy‚ this can be in the time of growth or recession. The economy will experience ups and downs in the amount people spend‚ the amount of income coming in‚ the
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Sly Ferreira P5 Explain the competitive pressures on selected contrasting business organisations to develop their use of e-business. In this assignment I will be explaining the competitive pressures that have faced two contrasting organisations which are Amazon and Refuge. Amazon and Refuge Amazon is a public organisation that is owned and controlled by the government. They aim to provide public services. Amazon is an organisation that provides customers with products and services from the internet
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Unit 16 – Human Resource Management in Business Assignment 5 ► Hand out date: 1st June ► Hand in date: 15th June P5 explain how employee performance is measured and managed M3 explain how the results from measuring and managing performance inform employee development D2 assess the importance of measuring and managing employee performance at work. For your final task in your new role as recruitment consultant of ‘Dave’s Management’ you have been asked to investigate and write a report on how
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