In my scenario, I used First In, First Out (FIFO) method due to its relevancy in the industry. And, a number of small companies in the bakery and confectionery industry prefer to avail this method. In addition to that, I found the significance of the cash budget for a small business as well. For example, if a small business owner does not maintain a cash budget, he or she would not be in a position to know how much cash is remaining and how much it is going to be expensed. Moreover, I also gained an access to the notion that it is development of a cash budget that enables the owner to make economic decisions and at the same time control and manage its expenses by maintaining a balance between the cash inflows and outflows.
Self-Evaluation I learnt a number of practical aspects of businesses and also faced some challenges. First, I learnt how to make and maintain a cash budget in a real business scenario. Here, the most important aspect was the month end balances and their subsequent conversion into the opening balances of the subsequent months…
The most important element for any business is the availability of the funds and finance. Almost all organisations make sure that they have the required funds in order to run the operations of the business in effective and efficient manner. Main issue in the starting of any business or organisation is to search for appropriate source of finance in order to make sure that the start-up funds are available (Johnson, & Scholes 2001).
By using the credit policy, an organisation sells its goods on credit to the customers. And after a certain period of time, the customers are required to pay back the credit amount to the organisation. But, sometimes, there are certain customers who are either unwilling to pay back money to the organisation.
It was found that he could not get more than 50% finance from the bank. Then the promoter had to search for different kind of private investor. Among these the venture capitalists and the angel investors are found as the best persons to approach. After considering all the factors the promoter has chosen to approach an angel investor, which is easily available in United Kingdom.
Task 2 (The Initial Costs): It would require about 50,000 pounds to start the business. The capital required for setting up this organization may be sourced from either banks or the sale of personal assets. Though the sale of personal assets
In nutshell the term financial management indicates “money management”. Financial managers spend a good section of their working hours in developing investment plans, analysing prevailing projects, balancing cash
It is assumed that all the costs (£ 250 million) will be incurred in the first year of operations. Hence it is necessary to identify suitable sources of finance available to JS and co so that the investment can be made effectively.
JS and Co
One of its biggest brands is Nike which is a globally recognized brand in the sports products manufacturing. Now it has 6 different markets in the Middle East and has more than 50 brands and having its head office in many
There is always a tendency of expenses increasing and this is why the organization needs to have a financial plan so as to manage unexpected expenses and emergencies such as unexpected increases in operational costs. However, the most important part of financial
She already has 200000 pounds and needs to get 600000 pounds through sources of long term and short term finance. We need to analyze different sources of finances that can eb taken to consideration for bearing the
it is not a public listed Company then C and C hydraulics may decide to opt for IPO (Initial Public Offering) option to raise the capital in order to meet their fund requirements for the Company expansion into new sectors. This is the most effective mean to generate finance and
12 pages (3000 words)Essay
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