Liquidity Ratio Calculations: Current Ratio = Current Assets / Current Liabilities $147,800 / $90,283 = $1.637:1 Acid-Test Ratio = (Cash + Short-Term Investments + Net Receivables) / Current Liabilities $89,664 + $0 + $51,869 / $90,283 = $1.567:1 Receivables Turnover = Net Credit Sales / Average Receivables ($1,109,295 - $89,664) / [($51,869 + $81,557) / 2] = 15.283 *Average Collection Period = 365 / 15.283 = 23.883 Days When evaluating Huffman Trucking’s ability to pay off short-term debt and maturing obligations, it’s imperative to analyze the company’s liquidity. Utilizing the current ratio to analyze liquidity, which compares all current assets to current liabilities,
In my role I have to deal with a wide range of individuals who are both directly associated with the Care Home and those who are a necessity but who are indirectly required to assist with the business/operational needs. These “groups” can be split in two; Direct and Indirect. Direct Group Indirect Group Management Accountants Staff Solicitors Residents Banks/Stakeholders Relatives Employment Consultants Commissioners Suppliers 1.2 Explain how to support effective communication within own job role. With regard to supporting effective communication I always emphasise that I have an open door policy. If people feel you are approachable then they will not hesitate to seek any clarification they may require on any communication and this in itself supports effective communication.
Demographics and Psychographic, both help explain the customer in general, and what he or she is looking for in the business. The importance of completive intelligence was explained. Knowing what the competitor is offering and how to find this information out is important to any
However, we, as in AOW offer a couple of other types of audits, which is an operational audit, and a compliance audit. An operational audit evaluates all of the operating procedures for efficiency, and can include more than just accounting. The evaluation can include the organizational structure, computer operations, production methods, marketing, and any other area. A compliance audit can be helpful for staying in compliance with the Department of Labor by examining wage rates with wage laws among other areas. The financial statement audit is the one I will be concentrating on by examining the financials to be sure Apollo Shoes in compliance with the required US accounting standards.
They decided to give applicants the retail market knowledge exam, the Marshfield customer service biodata questionnaire and essay, Marshfield applicant exam and the personality exam. In my opinion of the four assessments, the retail market knowledge exam, the Marshfield customer service biodata questionnaire and personality exam will work best for the company. This will provide Tanglewood with applicants’ experience and basic knowledge of marketing principles. The biodata will access past performance in and outside the work place. The personality exam will access the two traits that are relevant to a store associates position, capturing the constructs of conscientiousness and extraversion.
[University of Phoenix Custom Edition E-Text]. John Wiley and Sons, Inc. Retrieved February 1, 2009 from University of Phoenix, Resource MBA/502 Managing the Business Enterprise. University of Phoenix, (n.d.). Administration: Strategic Plan. Retrieved February 1, 2009, from University of Phoenix, rEsource, Virtual Organization Portal: Kudler Fine Foods, MBA/502 Managing the Business Enterprise.
Reflection LAW/531 January 28, 2012 Bradley Romig Learning Team "B" Week Four Reflection A contract is a legally enforceable agreement between two or more people. Contract administration involves those activities performed by an enterprise's administrative personnel charged with ensuring the performance of the contract fulfillment. A good contract administration plan helps businesses manage a contract effectively and offers a tool for observing the company’s performance and adherence to the contract terms. A successful contract requires management to read the details of the contract carefully and recognize the consequences if the terms and conditions are not met and followed. A contract administration plan creates systems and methods
Ch. 23: Exercises 23.10 & 23.12 of Managerial Accounting: The Basis for Business Decisions ACC 400 Week 4 Team Assignment – Interpreting Financial Statements Report The CEO of your organization has asked your Learning Team to analyze the two companies assigned to your particular Learning Team. As an investment, your organization may be interested in purchasing some stock in one of these two companies. Resources: The financial statements for your Learning Team’s assigned two Companies found in the Course Materials Forum. Financial Accounting: Tools for Business Decision Making.
To develop your ability to think strategically about an organization, how its businesses compete, and how it can gain a sustainable competitive advantage. 2. To give you experience researching and developing organizational strategy at the corporate, business, and functional levels of the organization. 3. To provide opportunities to apply the ideas, concepts, and proficiencies you acquired in other business courses to projects, case studies, and class discussions.
APA Annotated of Bibliography BUSI 604 D09 –Forum 6 Module 6 7/31/2013 Dimensions of culture 1. Scholtens, B., & Dam, L. (2007). Cultural values and international differences in business ethics. Journal of Business Ethics,75(3), 273-284. doi:http://dx.doi.org/10.1007/s10551-006-9252-9 Bert Scholtens, Ph.D., who has been working in University of Groningen, The Netherland, has researched particularly on the interaction between financial institution and social responsibility. Mr. Lammartjen Dam is the student of Ph.D. at University of Groningen, The Netherland.