BUDGET NOTES: • The annual budget 2011/12 yielded a profit for the company, however, by looking into its quarterly performance it will be noted that the organisation will incur a net loss. • The increase on the Advertising expense has made a major impact on the sales for the 1st quarter based on its appropriation made on the company’s business plan to allocate $200,000 during this period. • It is notable that there in a decrease in the sales during the first quarter. ASSESSMENT TASK-2: MONITOR AND REVIEW Houzit Pty Ltd Variance to Budget Third Quarter Ended September 2010 ACTUAL RESULTS BUDGET-Qx Actual-Qx $ Variance % Variance F or U Revenue Sales $ 4,085,668.00 $ 3,371,200.00 $ 714,468.00 17% U Cost of Goods Sold $ 2,287,974.00 $ 1,955,296.00 $ 332,678.00 15% U Gross Profit $ 1,797,694.00 $ 1,415,904.00 $ 381,790.00 21% U Gross Profit Percentage 44% 42% 2% 5% U Expenses Accounting Fees $ 2,500.00 $ 2,500.00 $ - 0% F Interest Fees $ 21,127.00 $ 28,150.00 $ (7,023.00) -33% U Bank Charges $ 395.00 $ 380.00 $ 15.00 4% F Depreciation $ 42,500.00 $ 42,500.00 $ …show more content…
It is working efficiently within its resources and does not require any additional funds from outside resources for its operations. Its plan to pay off its debt by applying the company’s profits to repay long term debt is a good plan for the company to lessen incidental expenses that relates to it. The company should regularly review its performance and match it against the industry mark in order to ensure that it is functioning at an optimum and effective level which is beneficial to its
3. Marketing expenses increased by $0.05 per unit due to the new advertising campaign to boost lagging sales. While it was indeed a higher expense, sales were boosted in the last quarter.
This week I have fully grasp the work that goes into being an RN, case manager and what it entails to fully review a patients’ stay at the hospital in order to discharge them in the most effective and efficient way. I understand the need for these professionals in the healthcare field, not only in the hospital setting, but in skilled nursing facilities as well, one reason being is that I believe someone has to advocate and review the patients’ needs before they are sent home. Just like last week I was able to sit in on rounds and observe a great deal of the doctor and case manager dynamic and how important it is for both to know the patient as much possible. Sitting in rounds every morning makes me realize how hard it is to make decisions for another
It is a function of staffing, making sure that the company has the right number of employees with the right knowledge and skills in the right place in the organization. The recruitment department will seek to fill the vacancies within the organization. It will advertise vacancies, screen applicants, perform initial interviews, undertake necessary background checks, extend offers of employment and assist in the onboarding of new employees.
Chapter one started off with an interesting case about a married couple, who are doctors and decided to work within the same hospital. Soon after they started to work there, their marriage started to suffer and in the end they decided to get a divorce. Mr. Whittamore decided that he was going to leave the hospital and was thinking about opening his own clinic, even though it was against his contract. He thought that he would go talk to Singson and explain the situation to him and see if the contract could be overlooked and allow him to open his clinic. Singson told Whittamore that the contract would stand. Singson responds made Whittamore upset and the conflict between Singson and Whittamore started. The chapter continued talking about the approaches that people may use in order to
To meet the requirements desired by the President and Vice President of the Acme Corporation, I believe that they will only need four servers, considering it is such a small business of less than 20 people. All of the servers will be running Windows Server 2008 R2. The following servers will be: a file and printer server, an email and web server, and an SQL server.
Kudler Fine Foods uses a loyalty program which, as it currently stands, serves to “increase the consumer purchase cycle as a means to increase the loyalty and profitability of its consumers,” (p. 1, University of Phoenix, 2007); management is proposing the implementation of a new multi-media shopping cart that will appeal to the high-end clientele as well as track more customer data and improve sales. The Media cart gathers key information that will enable the marketing department to customize better the shopping experience, making use of in-store advertising, and collect data related to consumer activity (Media Cart, 2010). Although the initial investment in the carts may seem high, the return on
By sending mail directly or making personal calls to all the doctors, administrators, and any other relevant personnel as well as visiting them if possible, we can establish a relationship with the customers at virtually no cost. However, the expected time commitment for the product is the most important part of our marketing strategy. Firstly, we will have to determine the persons to contact at the hospitals and nursing homes. Secondly, our team will have to determine when and how often we contact the target audience. Lastly, we will need to work on our communication skills and make sure that we are striking the right tone and positively convincing them to switch to our product. The response we receive is going to be our yardstick for determining
Jordan arrived at PAAL and quickly located and interacted with his staff. Jordan was prompted to change into his school clothes. Jordan needed assistance with putting his pants in the correct direction. When arriving to the house, Jordan requested a snack. Staff encouraged Jordan to prepare and eat his breakfast before obtaining a snack. Jordan independently arranged and ate his breakfast. Following his meal, Jordan completed his hygiene. While shaving Jordan needed prompting to keep razor on target areas as well as locating specified areas. When brushing his teeth, Jordan needed prompting to turn his brush and brush the top of his mouth. Jordan again requested and was given a snack.
Identify one major exclusion and one tax credit. Find the relevant Internal Revenue Code Section that provides for the exclusion or credit using IRS.GOV, copy the first paragraph, including the Code Section, and paste it into your post. Please answer this question for each: Did Congress enact this exclusion or credit for a social or economic purpose? Or both? For your third post this week, identify one of your colleagues' posts and respond to their observations with a concurrence or not; either way, support your position. Discuss which provides a greater tax advantage to the taxpayer, deductions or tax credits.
Being one of our brightest client’s we feel that our ability to communicate with each other on a more personal basis is acceptable. Resolving an open issue, by completely terminating all female technicians over the age of 45 and replacing them with male employees under the age of 25 will not be in your best interest. Therefore, I am brining to your attention our thoughts and concerns with your conclusions on this manner.
I would meet with Kate privately so my feedback does not embarrass her in front of her coworkers. I would tell Kate that her performance is exceptional and how valuable she is to the company. After I have given her recognition, I would inform her that I have received customer complaints and the fact that she does not work well with her coworkers proves that it was not a one-time thing. I would tell her about the importance of working well with both the coworkers and the customers. This feedback will include how teamwork and customer satisfaction is important to our organization and without it our company does not perform well. I would allow her to ask for any clarifications. I would stay positive and collaborate with her on finding ways she can improve her behavior. I would end the conversation with acknowledging her capabilities again.
Provide 3 reasons why the proper implementation of WHS legislations and procedures contributes to a more productive and harmonious employee relations in an organization.
As a student of Memphis, I think that equality should be present now than it ever was in the past. But still, to this day, our economy has not been promoted into becoming equal. With some difficulties, we accomplished our tasks. As a group, we chose an answer. That is the 500k should be divided equally by 50k each. Although my group decided to split the budget equally. I, however, think that the budget should be split in a ranking of the most important job to least important. That meaning the important job gains more money than the least important. As an individual, I would distribute the budget to 3 qualities. The reason being a job qualification, skills, and the economic system which all play a role in society.
3.1. PERFORMANCE FEEDBACK PLANS ARE DEVELOPED BY RELEVANT MANAGERS OR TEAM LEADERS AND PLANS ARE LODGED WITH HUMAN RESOURCES STAFF.
An outer evaluator surveys an organization 's money related reporting procedures to authenticate that the monetary articulations decently and precisely speak to operational results and fit in with sound accounting standards. The review procedure gives a sensible, irrefutable reason for the evaluators ' supposition with respect to the budgetary explanations. A review arranges depicts the different methods that will be utilized and the reason for those systems. While administration is in charge of introducing the budgetary explanations, the reviewer is in charge of bearing witness to the measure of hazard saw in connection to any conceivable material misquote in the money related articulations gave. The accompanying is a review get ready for Keystone Computers and Networks, Inc.