Key Business Calculations and Revelant Financial Flows :: GCSE Business Finance

For my assignment I have been asked to licence compentence in handling key military control calculation and basicly demonstrate my understandings of the revelant financial flows.IntroductionFor my assignment I have been asked to demonstrate compentence inhandling key business calculation and basicly demonstrate myunderstandings of the revelant financial flows. I am able to choose myown business, provided with information hireed. For my chosen businessI need to do the following childbed 1I have been asked to justify how business may calculate break even inorder to indicate profitable activity levels, to adapt break-evencalculations for selected business in the light of changing cost andsale price data, then to recommend appropriate coursers of action fora selected loss making business.Task 2In task 2 I have been asked to explain the meaning of cashflow withreference to a spreadsheet containing at least six sets of monthlydata, to explain how a profitable business could go bankrup t due tocash flow problems and to recommend ways in which a selected businessmight control its cash flow most effectively.Task 3I this section I have been asked to explain how a budget midht be usedto monitor expenditure for one cost gist for my selected business,explain the importance of budget variance information to managers ofmy selected business and to recommend ways in which managers mightdeal with a cost centre that consistenly records an admonishingbudget variance in the caseof my selected business.Task 4In task 4 I have been asked to explain simple ways of recording minutes for my selected business, to explain how fraud can takeplace in the process of recording transactions for my selectedbusiness and recommend simple fraud detection and taproom measuresfor a small business.Unit 3 Investigating Financial ControlTask 1,a) P1In this task I have been asked to explain how a business may calculatetheir break even. Break even is a calculation of profit and loss inthe year. Bre ak even is very important for whatever type of company,because all the types of companies need to piece out where theirincomes and losses meet.I own a sandwich bar company and I have to found out how could Ibreak-even with my losses and incomings. My start up cost is around100,000 but that has nothing to do with on working out my break-even.To break-even I need to know my running cost, which splits in to fixedcosts and variable costs. Fixed cost is a cost of my phone bills, gasbills, electricity bills, if I would be renting the property the rentcost would also be included in the fixed cost and also the tax to the