SAMPLE ACCOUNTING ISSUES MEMO Memorandum To: Flyaway.com accounting files From: Student Name Date: X/X/XXXX Re: Gross or Net Reporting of Online Ticket Sales Revenues Background Flyaway.com (“Flyaway” or the “Company”) sells airline tickets to customers through an online platform, where customers can choose the airline of their choice. Once a customer purchases a ticket, Flyaway remits payment for the travel to the airline and retains a commission (roughly 10% of the ticket’s value). The airlines set all ticket prices. If a flight is canceled, the airline must refund the customer. On the other hand, if the customer’s payment is invalid, Flyaway.com assumes credit risk.
To: Pierina Bower Unit 18: M2 From: Scott Rouse-Day Date: 27/05/14 In this particular task, I shall be analysing the arrangements made by an event organizer to plan a business event. In this task I am going to be analysing the arrangements made by an event organizer to plan a business. I am going to do this by identifying separate factors, saying how they are related and how each one contributes to the topic. In order to do so, I am going to use the cyclical process of management to aid my analysis. The cyclical process of management is basically the process an event organizer goes through to plan a business event.
If the business goes into debt each shareholder will only lose the amount of share capital they have invested and not their personal possessions and they will decide what will be done with profits. The government is not involved in its running. They provide an extensive international route schedule with code-share and franchise partners. They operate daily flights to more than 600 destinations worldwide. They carry approximately 32 million passengers a year.
For an airline to simply apply a percentage or portion of the costs of airport fees, baggage handlers, ticket agents and building charges to each flight to cover the costs of sunk or overhead costs would most likely eliminate 60 to 70 percent of the flights they provide. In every industry they have their “cash cows” if you will, that cover these sunk costs. So, providing additional fights to areas that are not as high demand can still be a valuable demand to be met provided they can at least cover the crew and fuel costs. If every airline did as the WSJ suggest in applying a percentage of the overhead or sunk costs of running the airline to each flight, many smaller regions would have very few flights in and out of those areas. Making travel to these areas much more expensive than what is really necessary.
P2 Describe the different stakeholders who influence the purpose of the two contrasting businesses Stakeholders in Tesco Stakeholders are the people revolved around the interest in business. There are different types of stakeholders in the business world who all play different parts to society. Generally the stakeholders a categorised into two types internal and external. An internal stakeholder is usually someone from within the business itself such as an employee, owner or worker. On the other hand an external stakeholder is someone who is from outside the business such as a customer, supplier or a member of the community.
Business Communications - Homework Task There are various types of information that are both used by and created by organisations all of which have their own purpose such as informing employees of internal activities or stakeholders of developments within the organisation. You have been placed in charge of improving communication of a large company in the city of London and have been asked to study a competitor in order to facilitate this. Using one of the companies from the list below think about the types of information that they produce why they may produce it and where they will get the information from. It is important that you look at all aspects to get a whole view on the communications the business uses and why. Companies you may wish to consider: * BP * Thorpe Park * Ford
Magdalena Herod B2108632 LB160 eTMA02 PART I Use the stakeholder model of business environments to critically examine the external environment of Asda Wal – Mart as outlined in the case of study. The stakeholder is a person, group or organisation who affects or can be affected by organisation’s actions. “The stakeholder analysis is a way of organising these people and groups into stakeholder’s categories according to the level of their interest in the organisation and their power to influence it.” (LB160 course glossary p.23) Very common method to indentify stakeholders is creating stakeholder matrix (Figure 1). It illustrates the relevant stakeholders and shows theirs power and interest in the organisation. | | Interest | | | | High | Low | Power | High | (stakeholder(s)) Sam Walton customers | (stakeholder(s)) | | Low | (stakeholder(s)) competitors employees suppliers trade unions | (stakeholder(s)) Chambers of Commerce | Figure 1.
Regional carriers specialized in short-haul flights that caters to small towns and communities using small jets. They primarily operate to feed passengers to major hub airports. About 95 percent of regional airlines are conducted for this purpose. The U.S. airline industry is affected by seasonal fluctuations and the economy. For example there are more passengers during summer and holidays.
[pic] Southwest Airlines Term Project Services Marketing Dr. J. Chris Lin Fall, 2008 Group 10 Yi-Ping Dani Judy Joy Ann Peter Frank Ted “We tell our Employees we are in the Customer Service business—we just happen to provide airline transportation. It is a privilege to serve your air travel needs.” – Southwest Mission Statement. Question 1: A. Targeting the niche market Southwest Airlines’ secret to its success is very straightforward. Southwest clearly defines its existing purposes, which is to provide the lowest fares for business and leisure travelers traveling between states.
Managing the Functional Areas of Business MGT 521 Managing the Functional Areas of Business The role of a manager in the functional areas of business is dictated by which level of management they are currently in, either executive, middle or front line. Regardless of tier, the manager has to be able to do his job as well as be able to step in and help out wherever he is needed outside of his defined job role. The manager needs to be able to be flexible, able to delegate and multitask effectively while leading his team toward achieving the company’s goals. This much holds true for all managers in the hierarchy of a company. After that, the manager’s role varies greatly according to their level: executive, middle or front line manager.