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Essay on Unit 2 MFRD AB Daniel

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Assignment Front Sheet
Qualification
Unit Number and Title
Pearson BTEC Level 5 HND Business
Unit 4 Managing Financial Resources and Decisions.
Student Name
Assessor Name:

DANIEL OLUWATAYO
Date issued: 19-01-2015
Submission Date: 19-03-2015 by 2.00 p.m.
Submitted on:

Assignment Title
Managing Financial Resources and Decisions.

Learning Outcome
A C
In this assessment you will have the opportunity to present evidence that shows you are able to:
Task no.

Evidence
(Page no)
LO1
Understand the sources of finance available to a business
1.1
Identify the sources of finance available to a business

1.2
Assess the implications of the different sources.

1.3
Evaluate appropriate sources of finance for a business project
…show more content…
Answers without application to the case study or appropriate examples will be marked as fail.
AC 3.1 Analyse budgets and make appropriate decisions from the case study given below:
Easy electronics ltd has been trading for many producing IBM compatible motherboards or main boards, which are sold to own equipment manufacturers, Easy personal and computer hardware sellers. Budgeted Profit and Loss Account and Cash Budget for the six months period ending 31/December 2013 is given below: Easy Electronics Ltd budgeted Profit and Loss Account for the six-month period ending 31December 2013. £'000
£'000
Sales

35,830
Less: Cost of sales

(18,878)
Gross profit

16,952
Profit from disposal of equipment

100

17,052
Less: Expenses

Administration cost (£2400 + £675)
3075

Distribution cost
3,481
(6,556)
Profit before interest and tax

10,496
Loan interest

(500)
Profit before tax

9,996
Less: Corporation tax @ 23%
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