In this assignment am going to explain why sonali needs to plan her spending and saving. I will also explain why it’s important about emergency planning and remaining in credit. It`s very important to plan spending and remaining in credit otherwise she will end up being in debt. It’s very important for sonali to plan her spending and saving because without a plan or personal budget sonali will spend money on unnecessary things and she won’t have enough to cover for important staff and she won’t even have savings. If sonali doesn’t plan her spending and savings then she will be in debt.
Income is an important area of budgeting, this because without income there is no money to work within. It is necessary to raise the amount of income that is available for the budget. To do this the business could sell more products or raising prices. If costs are higher but income is not increased then this means that the profits will be affected. A business with a proper budget should be able to pay its expenses and keep
In order to avoid making a further loss, if another recession was to occur again in the future, I would suggest that a reduction in employees would be beneficial for the business. By making this vital decision, they will be saving an immense amount of money as they will not be paying as much wages as they currently are. I would also recommend having more frequent special deals (such as ‘BOGOF’) as this will slowly but surely attract customers to spend their money in Tesco rather than another supermarket. However, these special deals should be genuine special deals as Tesco have been known to increase prices and then claim there is a special offer going on (See Appendix 34). Regarding political factors, I think the grants/loans which are borrowed by Tesco via the government would impact on the business negatively as they will have large sums of money to
3.0 Recommendations 3.1 To reduce the exceeding of budgets, I recommend that more time is spent to see where money can be saved without risking health and safety. This will help to ensure that costs are covered by the budget but also ensure that even though not as much money is being spent, the level of health and safety is maintained. 3.2 To increase budget accuracy, we will provide our budget department with the latest prices and costs that they need to work with to create the budgets. This will help to ensure accuracy as this is very important when budgeting. As we’ve seen before inaccurate budgeting has left us short and we have had to raise extra capital and/ or cut other costs.
| The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. Provided money can earn interest, any amount is worth more the sooner it is received (“Time Value of Money,” n.d.). | Provide a real-world example for the time value of money. | An example would be depositing money into a savings account now and letting it earn interest. This amount of money will be worth more later because it will earn interest.
There are certain steps that need to be taken to insure that CanGo can make profit from year to year. CanGo also operates at a high debt ratio. This means that it is imperative for CanGo to produce efficiently and not lag and any quarter of any year. This will prevent possible bind for cash or losing shareholders trust. CanGo has very low profitability ratios, low turnover ratios and a high debt equity ratio.
With everything that has been reviewed, I would recommend that CSI lease vs buying right now. The financial returns for the lease option are that it has a higher annual payment and a lower after tax cash flow, but does free up some instant cash and relieves CSI from owner responsibilities on the building. Leasing will also let CSI build up capital to do the end of term buy option without having to have an additional 200,000 of working capital on hand for the bank and will reduce the need for a loan and credit mark. The second option is to
Capping the annual earnings at $118,000 stops people that make more money from getting a tax break by the cap. If people that make less have to pay a percentage of their income to social security, then people who make more money should have to pay that percentage too. The argument to this source is that employers don't want to pay the extra taxes and people that make higher wages don't see return on their taxes paid, and that interest in social security would decline. I think that the nation in general would benefit from a national retirement plan, so paying that extra tax money should pay off in the end when we have a solid nation-wide retirement plan that everyone can count
Their objectives are often huge which requires a lump-sum to be invested. The older people choose this security also because it gives fixed income which is guaranteed, there is minimal risk and less management needed. 8) What is laddering GICs? Pros and cons? Ans): Laddering GIC(s) is a proven method of investing (also known as a laddering strategy) it can help you reduce the risk of interest rate fluctuations and increase your portfolio's overall return.
Too much emphasis in the society Are Americans working hard or hardly working in this society today? Americans today put too much effort in today’s society by over working themselves. The logical reasons that this may be are because people willingly do anything to earn the extra income, the liability to live in this economy, and proving hard work pays off. First let’s start off with the society. It puts too much emphasis on over working ourselves because people need to do anything to increase their paychecks by even the slightest bit.