UNIT 2: MANAGING FINANCIAL RESOURCES AND DECISIONS Unit 2: Unit code: QCF level: Credit value: Aim Managing Financial Resources and Decisions H/601/0548 4 15 credits The unit aim is to provide learners with an understanding of where and how to access sources of finance for a business‚ and the skills to use financial information for decision making. Unit abstract This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation
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Centre Name/logo Programme Title Unit No & Title QCF Level: Assignment No/Title Tutor/Assessor Written By Essex International College BTEC HND in Business Unit 2 Managing Financial Resources and Decisions 4 Credit: 15 H/601/0548 Subway Please Provide Tutor Name Here /Assessor Panel Dr Keith Hoodless To meet LO 1 Assessment method To meet LO 2 To meet LO 3 Written Report not exceeding (excluding financial data/analysis) 2500 words To meet LO 4 Key dates: Assignment
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Economics Assignment Question 1.1: Resource Allocation Economics for Business & Management Abstract In this section of the assignment we focus on the question: “Examine the arguments in favor of a free-market system of resource allocation”. (Negru‚ 2011) The arguments for and against a free-market system are not black and white‚ therefore they have been discussed among economists for hundreds of years and no solution or conclusion has been found yet. In this assignment we briefly discuss the
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the implications of finance as a resource within a business 2 Introduction In this essay I will be discussing and understanding of where and how to access sources of finance for a business‚ and the skills to use financial information for decision making. Finance is essential for a business’s operation‚ development and expansion. Finance is the core limiting factor for most businesses and therefore it is crucial for businesses to manage their financial resources properly. Finance is available
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Cost Allocation University of Phoenix Accounting in Healthcare ACC561 December 12‚ 2010 Cost Allocation Transfer Pricing [pic] [pic] Transfer pricing is a value attached to the output of a department to measure the value of the trade with other departments within the organization. Transfer prices will not affect the organization’s profit results. This contributes directly to the process of departmental performance measurement and indirectly to the measurement of a product
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Choosing the appropriate source of finance for the business 10-10 TASK 2‚ FINANCE AS A RESOURCE 2.1 Assessing and comparing the cost of selected sources of Finance 11-12 2.2 Importance of Financial Planning 13-13 2.3 Information needs of different decision makers 14-15 TASK 3‚ FINANCIAL DECISIONS 3.1 Analyzing of budgets and making appropriate decisions 16-16 3.2 Unit cost and making of pricing decisions 3.3 Assessing the viability of the project using investment appraisal techniques 17- 20
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Managing Financial Resources and Decisions-HND Assignment HND Assignment Managing Financial Resources and Decisions Scenario: Emaar Properties on Sunday announced to build a new hotel in Downtown area and that will be the second tallest property in the high-end area‚ according to chief executive officer for retail Arif Amiri. Amiri did not disclose value of the project and even declined to give the sale price. “We will announce the price at public launch on September 22‚” he told reporters at
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Managing Financial Resources & Decisions By: * * Introduction Top of FormBottom of Form | In this report we are going to help Mr T Jones to start his fast food restaurant in Manchester. Mr T. Wants to start a franchise restaurant Wimpy and needs help with the financial resources and planning part. Step one‚ there are different souses of finance and it’s divided into internal and external finance‚ money that comes from within a company and the
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Managing Financial Resources & Decisions Assessment Tansy Addis STU34029 1a when considering setting up an organisation there are a number of factors that should be considered. Depending on these factors will determine how your business will be set up‚ the three main types of business being Sole Traders‚ Partnerships and Limited Companies. Sole Proprietors - This business is wholly owned by one person only and will usually be financed
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