Unit 4 Questions- Can someone help please
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Hi There<BR><BR>A couple of questions i am stuck on<BR><BR>1) List 3 examples of external regulations<BR>2) What is an investment centre<BR>3) Why do organisations need to identify their different income sources? How do they do this?<BR><BR>I have researched the internet but found nothing<BR>PLEASE HELP<BR><BR>Thanks in Advance
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Unit 4 Questions- Can someone help please
Examples of external regulations are those concerning VAT Returns, Company annual Returns and Payroll (Inland Revenue).<BR>An Investment Centre is a section of a business where profit can be compared with the amount of money invested in the centre. <BR>Basically, the concept of an investment centre is just an extention of the profit centre in which a comparison is made between the amount of money a business has put into a given centre and the amount of money the business made from it.<BR>Usually the profit is compared with the money invested by means of a percentage:<BR><BR>Profit divided by investment x 100<BR><BR>Managers need to know the sources of income for a number of reasons. For example, the sales figures will indicate the viability of a product/service or even an outlet. The business may be receiving a grant - will the business need to find the equivalent money when it dries up? Need to know if the business is doing better than last year/quarter or not, and so on. Management derive this information by means of coding.<BR><BR>I don't know which text you are using but I recommend Foundation Accounting: Tutorial (Osbourne), chapters 23 and 24.<BR><BR>I hope this helps.<BR><BR>N0 -
Unit 4 Questions- Can someone help please
thanks 4 that but it was abit late!!<BR><BR>i just had my unit 4 sim this morning i was scared because kept failing the practise ones then i seen the paper 2day n it was dead simple n passed with flying colours<BR><BR>whoooooooooooooooooooooooo for me0