BTEC National Unit 2 – P5 Task

Scenario

Brockley’s Clothing and Design Store has presented a copy of their six months financial statements to you for evaluation. They have requested your assistance in interpreting the results. In addition you are to create a Profit and Loss Account and also a Balance Sheet for 6 months ending in December 2010.

Task 8
1. Attached is a copy of Brockley’s Clothing and Design Store Trading and Profit and Loss Account and Balance Sheet for the six months ending December 2010. You are required to provide a brief written account on:

a) Profit and Loss Account – purpose and use, measure of trading performance and establishing profit figures

• What does a profit and loss account show?
• How is this a useful tool for Brockley Clothing? Who would use the profit and loss account to make decisions and why?
• What is the gross profit of Brockley Clothing?

b) Balance Sheet – purpose and use, establishing net worth and measure and business valuation

• What does a balance sheet show?
• How is this a useful tool for Brockley Clothing? Who would use the profit and loss account to make decisions and why?
• What is the value of Brockley Clothing?

The deadline for this is Friday, 1st April

BTEC First – Unit 16 Business Enterprise

Please complete Part 1 and the aptitude test. This contributes towards P1. The deadline for this is Friday, April 1st

Here’s a Unit 16 P1.

AS Business Studies – Mock Exam Friday 18th March

You are to revise the following topics for the mock exam:
Sampling
Market Share
Break-even, fixed and variable costs
Niche markets
protecting business ideas
Business location
Cashflow forecasting

BTEC National P6 Task

P6 Task

a) What does the term ‘break even’ means?
b) How many jeans would they now needed to sell to break-even?
c) Show the calculation by using the formula

2. Brockely’s Clothing and Design Store wishes to improve their breakeven point and changed their selling price to £15 per unit and is able to reduce their variable cost to £5, show how this would affect the break-even point.

a) How many jeans would they now needed to sell to break-even?
b) Show the calculation by using the formula
c) Give detailed reasons for any changes in the break-even point.

3. Explain “Why costs and budgets need to be controlled?” In your explanation ensure you address the following:

a) Costs managed to budget (fixed costs/variable cost, breakeven, monitoring budgets and variances)
b) Income increased to budget
c) Bidding to increase future resources such as capital grants and investment

This completes P6

BTEC National Unit 2 – P4 task

Assignment 3 — The Role of Financial Resources.
Scenario
Your manager asked you to work closely with one of the organisations’ subsidiaries (Brockley’s Clothing and Design Store) in assisting them with their financial records. After discussion with their manager you discovered that the organisation has limited understanding of how to access sources of finance. You have decided to prepare a report on how they can access funding.

Task 4
In your report you need to describe the sources of finance for business organisation. The range of internal and external sources should be more than just a list. The sources should be relevant to the local business. Ensure that you include:

a) Internal sources –
• owner’s savings
• capital from profits

b) External sources –
• banks for example overdraft,
• business loan,
• commercial mortgage,
• venture capital,
• hire purchase,
• leasing,
• factoring and
• share issues.

BTEC First – Distinction Task (Unit1)

Task 4c
Evaluate how a business organisation has responded to changes in the business environment

For D1, you must look at one business organisation and how it has changed in response to changes in the business environment.

For example, it is easy to see how Tesco have become one-stop shops for food, petrol, pharmaceuticals, clothes, electrical goods and so on. The reasons behind the change need to be considered. Customers’ preferred shopping styles have changed but the planning regime has allowed out-of-town green field sites to be developed and the trading laws have permitted Sunday trading and 24-hour opening

AS Business Stduies – Test Tuesday 15th February

There will be a test on Using Budgets, Improving Cash Flow, and Improving Organisation Structures on the above date. Please refer to the AS Business Studies page of this blog for class presentations.

Unit 2 – Business Resources P3 Presentation

Assignment 2 — The impact of non-financial resources.
Scenario

Your manager was very impressed with the leaflet you prepared and has asked you to do a presentation for a lesson for your local college’s BTEC Business Level 3 class. Your presentation will be on your organisation and cover the main physical and technological resources required for business success.

Task 2
Using your selected organisation, prepare a group PowerPoint presentation to describe:

I. The main physical resources including buildings and facilities, materials and waste, plant and machinery, equipment including ICT, planned maintenance and refurbishment, emergency provision, security and insurance.

II. Technological resources including software licences, protection via copyrights and patenting, issues surrounding intellectual property rights for example designs, drawings, text, music and video; accumulated experience and skills

This task addresses P3

Physical and Technological Resources

Task 3
You have already examined the human, physical and technological resources for a selected organisation.

Building on your evidence from P3, assess how these human, physical and technological resources can improve the selected organisation’s performance.

You should support your explanation with relevant examples and more details considering any limitations that might be placed on managers working with these resources. You may also highlight which are the most and least important for the business.

This task addresses M1

Task 4
Your group presentation to senior management has been raised to the attention of your organisation’s Board of Directors. The Chief Executive has requested that you produce a report the effectiveness of managing human, physical and technological resources in your organisation.

Building on your evidence from P3 and M1, assess the relative merits of the methods of the managing resources and to make judgements on the effectiveness of these methods in improving the performance of the selected business.
This task addresses D1

AS Business Studies – Key terms test

You need to learn the key terms on slide 16 of the Improving Cashflow presentation. The presentation can be viewed in the AS Business Studies page on this blog.

The test will take place on Monday’s lesson

BTEC First – Functional Areas Task

Please complete this task for Friday, 28th January 8:45 a.m

If you have any questions please don’t hesitate to contact me.

Functional Areas