FEASIBILTY STUDY ON A DRESSMAKING BUSINESS A feasibility study is carried out to know if the business venture is worth the effort and resources. When the outcome of the feasibility is written down‚ the document is known as a business plan. The following feasibility studies will be carried out in a dressmaking business: *Economic Feasibility Study *Market Feasibility Study *Technical Feasibility Study *Financial Feasibility Study ECONOMIC FEASIBILITY STUDY Capital Expenditures Sewing machines -
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INTRODUCTION FERN‚ Inc. is Filipino Entrepreneurs & Resources Network‚ Inc.‚ a company involved in the development of entrepreneurs through distribution of high quality products. Established in 2003 by a group of successful business practitioners. FERN continues to break new ground with its innovative business strategies and premium quality products. It gives the average individual access to the finest products‚ unlimited income potential through its marketing plan‚ developmental training
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* Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? Why is accrual accounting important? * * In an accrual system‚ does revenue equal cash? * * What is the importance of the statement of cash flow in the financial management of an organization? * Accrual accounting is considered to be the standard accounting practice for most companies‚ with the exception
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ABC STEEL CORPORATION: PRODUCTION CONTROL AND BACKLOGS (A Case Analysis) Presented to : DR. NERI S. PESCADERA Professor In Partial Fulfillment of the Requirements of the Course- Organizational Behavior Graduate School of Management - Executive Special Program Pamantasan ng Lungsod ng Maynila Prepared by: BARAIRO‚ MELODY M. GALSIM‚ ISAGANI D. GUTIERREZ‚ ROMMEL U. PAGAO‚ JUANITO C. SAN GABRIEL‚ JULIETA P. TUMLOS‚ ROGER M. 21 July 2012
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describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally shows businesses transactions made over a period of time (usually within 12 months)‚ An example profit and loss account
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COSTS AND COSTING 6 6.3 PROFIT AND LOSS AND BALANCE SHEETS . Simple Financial Calculations . Analysing Performance - The Balance Sheet . Analysing Performance . Analysing Financial Performance . Profit And Loss Forecast . Profit And Loss Calculations . The Balance Sheet Exercise P 213 . Your books tell you what’s happened in the past. . Your cash flow forecast is about what may happen in the future. . What about now? How are we doing right now? For every single bit of goods or services you supply
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By increasing public space in this area‚ shopping along the strip can take place without the disruption of traffic‚ commercial industry already located along the beach will profit. More people that are frequenting the beach simply to go to the beach will be attracted to the shops that emanate colour‚ vibrancy and seek out the curious. This will also create an opportunity for parents to take their children out for gatherings with other friends‚ create more relaxation while doing errands by having
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Is it possible for large‚ profit focussed organisations to be both profitable and “fair”? Over the past year there have been an increasing number of issues which have risen on how businesses such as Amazon‚ Thames Water‚ Google‚ Facebook and Starbucks have made vast amount of profits but haven’t been fair-minded. For example Starbucks made £400m sales in the UK but paid no corporation tax. According to Milton Freidman the main objective of a business is to increase profits so long as it stays within
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PROFIT MAXIMIZATION [See Chap 11] 1 Profit Maximization • A profit-maximizing firm chooses both its inputs and its outputs with the goal of achieving maximum economic profits 2 Model • Firm has inputs (z1‚z2). Prices (r1‚r2). – Price taker on input market. • Firm has output q=f(z1‚z2). Price p. – Price taker in output market. • Firm’s problem: – Choose output q and inputs (z1‚z2) to maximise profits. Where: π = pq - r1z1 – r2z2 3 1 One-Step Solution • Choose (z1
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Profits Katherine Carpenter Liberty University Econ 213 Gwartney states that profits are; “An excess of sales revenue relative to the opportunity cost of production. The cost component includes the opportunity cost of all resources‚ including those owned by the firm. Therefore‚ profit accrues only when the value of the good produced is greater than the value of the resources used for its production.” An example of a profit would be bakery offers a cheesecake for $20 and the total cost to make
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