trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organisation . Profit and Loss account. The P&L will not tell you about the underlying health of the business‚ such as how much money it owes or is owed and what the value of its assets are. It shows how much money did business made in a year. It records two things sales and cost/turnover. The trading account shows the income
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Task 1-P5 The main purpose of the trading account is to know the gross profit/loss of the business. According to the trading profit and loss account for Smiths for the year ended 31st December the gross profit is £186‚325. However the trading account is used to see whether the material costs and direct expenses are covered or not. Material costs means the price of the items used to produce the goods for the sale. Direct Expenses means the expenses are linked to the production to make the goods for
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What is employee performance? Employee performance is a performance criteria standard of an employee‚ they must have good behaviour and mustn’t do anything bad like waste time. Employees are rated on how well they do their jobs compared with a set of standards determined by the employer. What does measuring performing mean Measuring performance means when a business will measure the quality of the activities that are passing and the quality of the services provided to the customers by employees
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Unit 2: Business Resources P5 Is The Business Profitable? The closing capitals for both years are very similar and propose that not only is the business very profitable but it is also maintaining its financial position within the market. In 2011 the closing capital was £2‚500‚000 and for 2012 the closing capital was £2‚425‚000. This is interesting because as a business progresses you would think that the closing capital would increase not decrease although this is not too large a decrease when compared
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Profitability or Efficiency (a) Describe Greggs performance in 2010 (U5 P5 U2 P7) (b) Compare Greggs performance 2011 to 2010. (U2 M3 U5 M2) Gross Profit Margin % 61.3% 61.8% Declined Profitability The business will calculate their gross profit‚ to allow the business to know their profit with sales of stock included. In 2010 Greggs performance shows that for every £1 that the business make Greggs get 61.8p (pence) profit. The cost per pound for 2010 was equal to 3.82p this what Greggs had for
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P5 Skills Have now Level (B‚I‚A) Evidence Required for career Plan of action to developing skill to business level Working effectively with others ✓ A Class projects This skill is highly required for my career in international business as I would have to cooperate with many different people with different personalities. Things that I can do to develop my skills to a business level is to get more integrated with group projects and tasks‚ also things like social clubs and societies
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P5 – An explanation of the advantages and disadvantages of complementary therapies in maintaining health and well-being. Acupuncture Advantages Acupuncture is used for a large range of conditions and some individuals combine acupuncture with their treatment. Acupuncture has a range of advantages and is usually treated for common conditions such as: • headache and migraine • chronic pain‚ including neck and back pain • joint pain • dental pain • post-operative pain
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Title of Legislation‚ Policy/ Procedure Date of Legislation Description How it protects vulnerable adults Human Rights Act 1998 Human rights are legal obligations that must be obeyed by all public bodies and local everyone has the right to: Fairness‚ Respect‚ Equality‚ Dignity and Respect for their Personal Autonomy‚ and freedom from: torture‚ degrading treatment‚ slavery (forced labour)‚ thought‚ belief‚ religion and expression. It gives them legal rights and gives them some protection
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production and sales figures are high. To meet the high levels of demand and production the business has to create new jobs; by doing this the percentage of the nation has money to spend on goods and services. However as businesses produce greater profits higher wages can be paid to employees growing their disposable income. People& businesses in the economy are allowed to spend money as there is a great business available for them. Recession: - customers continue to spend but overall load fall and
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Assignment brief | Unit number and title | Unit 2 – Business Resources | Qualification | BTEC Level 3 Certificate‚ Subsidiary Diploma & Diploma in Business | Start date | September 2010 | Deadline | December 2010 | Assessor | L.McNeill | CRITERIA COVERED | | | P4‚ P5‚ P6‚ P7‚ M3‚ M4‚ D2 D3. | | | | | Assignment title | The Role of Financial Resources | Purpose: The aim of this unit is to develop learner knowledge of the range of human‚ physical‚ technological andfinancial
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