Q

Managing Business Finance Assignment Help

Managing Business Finance Assignment Help - Avail the best Managing Business Finance Assignment Help and Tutor Services at affordable prices!!
Previous << >> Next

ARE YOU LOOKING FOR RELIABLE MANAGING BUSINESS FINANCE ASSIGNMENT HELP SERVICES? MIRACLESKILLS.COM IS RIGHT CHOICE AS YOUR STUDY PARTNER!

MMB053 - Managing Business Finance

If you need Diploma assignment help, then reach out to us immediately. In our platform, we have numerous experts to offer you error-free solutions for all types of assignments on time at a fair price.

Assessment Task - Case study report

Learning Outcome 1: Appraise the performance of a range of organisations using appropriate accounting ratios and the usefulness of financial accounting information for a range of stakeholders.

Answer: Financial accounting information, when analyzed through appropriate ratios, provides valuable insights into an organization's performance. By calculating ratios like liquidity, profitability, and solvency, stakeholders can assess a company's financial health, efficiency, and risk profile. For instance, a high current ratio indicates strong short-term liquidity, while a high debt-to-equity ratio suggests higher financial risk. These insights are crucial for various stakeholders: investors can evaluate investment opportunities, creditors can assess creditworthiness, management can make informed decisions, and regulators can monitor compliance. However, it's essential to consider the limitations of financial accounting information, such as historical data, subjectivity in estimates, and potential manipulation. Therefore, a comprehensive analysis requires a combination of financial and non-financial factors.

Learning Outcome 2: Demonstrate a critical understanding of the role of accounting information in the planning, control and decision making of a range of organisations.

Answer: Accounting information plays a pivotal role in an organization's planning, control, and decision-making processes. During planning, financial forecasts and budgets, derived from historical data and future projections, guide resource allocation and strategic initiatives. In the control phase, accounting data helps monitor performance against set targets, identify deviations, and take corrective actions. For instance, variance analysis highlights differences between actual and budgeted figures, enabling timely adjustments. Decision-making is significantly influenced by accounting information. Cost-benefit analysis, for example, aids in evaluating investment opportunities, while profitability analysis helps assess the viability of different strategies. By providing quantitative insights into an organization's financial health, accounting information empowers stakeholders to make informed decisions that drive sustainable growth and success.

Expert Assistance with Financial Management Assignment: T/617/3298 Financial Management for the OTHM Level 5 Diploma in Accounting and Business - Your Partner in Academic Excellence!

DO YOU WANT TO EXCEL IN MANAGING BUSINESS FINANCE ASSIGNMENT? HIRE TRUSTED TUTORS FROM MIRACLESKILLS AND ACHIEVE SUCCESS!

Assignment Description - Younibike cycles

Younibike cycles is a company formed in 2008 by Geoff Gold. The company specialises in folding bicycles predominantly for the city commuter market. The company prides itself on product innovation and the premium nature of the cycles that are sold around the world.

The cycles currently retail at a basic price of £1,000 however there can be minor modifications to this that would warrant a higher price, sometimes up to £1,400. The company also produces an electric bike that retails at £2,300 for the basic model and can sell for as much as £2,700 with minor modifications. The minor modifications take the form of racks, lights and lightweight parts.

The folding bicycle industry has several key players. Although Younibike command a strong position as the premium product in the market there are several companies that price slightly below their prices. The competitor bikes contain advanced features and innovations and are generally seen as better value for money although the competitor models are not as iconic as the Younibike design.

The mix of sales for Younibike is approximately 75% conventional bicycles and 25% electric bicycles. The variable costs of production for a conventional bike is about £500 and for an electric bike is about £900. For the higher priced models the increase in costs is approximately £150 and £200 for conventional bikes and electric bikes respectively. It is usual for around 60% of the conventional bike customers to request customization whilst only 30% of electric bike customers request customization and are willing to pay higher prices.

The factory works a 40 hour week for 50 weeks per year and employs 45 people who are directly involved in the bike manufacture process on 5 production lines. The company prides itself on its machine utilization efficiency but as the majority of the process Is labour driven (welding, assembly, custom painting) overheads are absorbed on a labour hour basis. It has been estimated that a bicycle can go through the manufacturing process from start to finish in approximately 30 minutes although there may be some possible delays due to bottlenecks and non value added activities being incurred in the production process along the way.

Profit and loss accounts for year ended 31/3

 

2019

2018

 

£'000

£'000

Turnover

31,158

28,325

Cost of sales

18,349

18,432

Gross profit

12,809

9,893

Administration expenses

10,680

9,233

Operating profit

2,129

660

Interest

10

8

Profit before tax

2,119

652

Tax

50

369

Profit after tax

2,089

283

MIRACLESKILLS.COM ACCEPTS INSTANT AND SHORT DEADLINES ORDER FOR MANAGING BUSINESS FINANCE ASSIGNMENT - ORDER TODAY FOR EXCELLENCE!

From the accounts above it can be seen that sales have increased by 10% over the last year. Sales are expected to grow by 5% over future years and this target has been embedded in the company's strategic plan. The increase in operating profit is attributable to cost savings from suppliers as well as some efficiency savings. The company envisages to maintain its operating profit margin at its current level, approximately 40% of its cost of sales are classed as fixed costs while 60% can be said to be variable and directly related to output.

The current factory site exists in a small city in the north of England and is limited in terms of space. The company knows that it may have difficulty in increasing capacity at the current site above 26,000 bicycles per year and is considering the options of moving the whole operation to a country in Eastern Europe at a cost of £6 million or to outsource manufacture of all of the bike frames to a company that currently specializes in the manufacture of go carts. Younibike would still paint and assemble the product in-house at its current premises. Both options woild yield an effective increase in capacity of 7,000 units per year.

Required:

Produce a business report, in good style, that covers the following issues:-

Part i) Provide recommendations on the selling price that should be charged for each model of bicycle produced.

Part ii) Provide brief calculations on the expected level of sales that you believe need to be made to break even. Justify your initial variables and your methods of calculation. Comment on the results obtained.

Part iii) Explain the possible issues in using absorption costing to control the manufacturing operations of the business and state the case for a switch to activity-based costing.

Part iv) Evaluate the potential issues that may arise of the alternative options to increase capacity and Justify the suitability of the business from moving to an absorption costing system to an activity-based costing system.

ORDER NEW MANAGING BUSINESS FINANCE ASSIGNMENT & GET 100% ORIGINAL SOLUTION AND QUALITY WRITTEN CONTENTS IN WELL FORMATS AND PROPER REFERENCING.

The Managing Business Finance Assignment Help Service is a valuable resource for students studying finance in various business programs. This service offers comprehensive assistance in understanding and applying key concepts related to business finance. From financial planning and budgeting to investment analysis and risk management, the service equips students with the necessary skills to make informed financial decisions in a business context. It also provides guidance on financial statement analysis, capital structure, and sources of finance, ensuring students have a solid foundation in managing financial resources. By offering expert support, resources, and practical examples, this assignment help service empowers students to excel in their finance studies and prepares them for real-world financial challenges in their future careers.

Managing business finance is a critical task for any business owner or manager. It involves planning, budgeting, forecasting, and tracking financial resources to ensure that the business has enough money to operate and grow.

There are a number of challenges associated with managing business finance, including:

Managing cash flow: Ensuring that the business has enough cash on hand to meet its obligations, such as payroll, rent, and supplier payments.
Controlling costs: Identifying and reducing unnecessary expenses to improve the business's profitability.
Raising capital: Securing funding to support the business's growth and development.
Managing risk: Identifying and mitigating financial risks, such as currency fluctuations, interest rate changes, and economic recession.

If you are struggling with a managing business finance assignment, there are a number of resources available to help you. You can find online tutorials, articles, and even video courses on managing business finance. You can also find a number of websites that offer managing business finance assignment help.

Need online HND assignment help? Hire our labor HND assignment helpers at a fair price and get plagiarism-free assignment solutions worthy of top grades.

Want to Excel in Course? Hire Trusted Writers for Help! —> https://miracleskills.com/

Lists of comments

Leave a comment


Captcha