Something important

DIFFERENCE:(member,liability,formation,transfer interest,tax,legal entity)
sole trader:one person ,un,no,yes,income,not separate
partnership:between 2 and 20,un,partnership deed,no,income,not separate
limited company:is a legal entity,lim,memorandum articles,yes(if others agree),cooperation,separate

AD and DA:

sole trader:
AD:simple to set up a.No complicated paper work,has complete control of the business
DA:Noing to prevent a sole trader taking on employes and many do
It`s liable for all debts the business incurs
In worst case,sole trader may face bankruptcy

partnership:
AD:offering for professional service
can bring more capital and awider range of skill
work and idea to the business
DA:partners may fall out

limited company:
AD:share of any profit
it offers shareholders limited liability
the liability of each shareholder is limited to the amount of capital,they have invested in the business

question 1

Question 1 - The Nostalgic Lamp Company
The Nostalgic Lamp Company manufactures three types of lamp: Mr T., Gloria Gaynor and Donny Osmond models. Production of the lamps are organised into three costs centres. The profit and loss account for the year just ended shows that the Donny Osmond makes a loss and it has been suggested that they may be discontinued.

£000s Mr T Gloria Gaynor Donny Osmond

Sales 500 350 650
Direct Materials 150 80 250
Direct Labour 100 100 250
Variable overheads50 40 60
Fixed overheads 100 80 110
Totals costs 400 300 670
Profit/loss 100 50 (20)

Questions
1. Define the term ‘cost centre.’ (2 marks)
2. What are the pros and cons of using costs centres in dealing with costs? (4 marks)
3. From the above schedule of costs and profits:-
a) Calculate the variable cost of producing the each of the three lamps (3 marks)
b) Calculate the contribution of each of the three lamps (3 marks)
c) Calculate the total fixed costs (1 mark)
d) Calculate the overall level of profits. (2 marks)
4. The Donny Osmond lamp is discontinued. Evaluate the impact on the company’s overall profits

answer:
1.cost centrer:a department or section of an organisation to which specific costs can be allocated
2.pros:
(1).team spirit is easier to generate among 20 people than among 2000
(2).by identifying the costs generated by each department,the firm is better able to decisions(3).bucause the costs can be allocated,so it`s easy to collect the money.
cons:
1.maybe after a long time there will be some impacts.
2.YOU should give each individual benefit,maybe some argument appears,bucause of personal

ipod vending machine

I have already evaluated some topics about "vending machine",but it`s one is more interesting thing to evaluate.

Like other vending machines,it is more convenient than others.I like it!It looks fashion!cool!You may get the things that you want to buy in shops.

BUT!!!!I think the drawbacks is obvious!

1.you can`t get more information from it!what you can do is just buy it....if you don`t know some key point!Maybe you will regret...

2.HOW MUCH MONEY IT ACCEPTS?

AS we know,in EF school, the self machine just accept the coins!thet don`t accept the cash!This is a problem!LET US ASSUME the ipod machine accepts the cash,so what per value does it accept?10?20?because most of machine don`t accept 50!(when I take money from the bank,the machine only gives me 10and 20)so if you want to buy ITOUCH( cheapest:179pounds )you must put 10times 18=180.You must put 10pounds into the machine 18times.....get tired!

ALSO,does the machine give back you cash or coins???if I want to buy an IPOD 129pounds and I just got 140pounds(20times7=140)so the machine must give 11 pounds back to me.Is it 11 one pound coins????heavy....................

SOMETHING I WANT TO MENTION:the security!IN THE MID NIGHT,some one break the glass by using hammer or screwdriver and they stolen the ipod?What to do???(I don`t think the glass is as strong as diamond)

Emmmmm....I think it is a good idea,but bucause you put IPOD in the machine not 50p`s sweets.It`s difficult to protect the machine....that is the point!

FOR CHRIS!

thank you for you business exam book!It`s really helpful!

and I`d like to retake the exam which we did today!COULD YOU ASSESS IT ???or give me a new textpaper!Thank you so much!

Some explainations!(1)

When you do some exams in some questions you need to explain the word at first!
But some of them you might don’t know, there explainations maybe give you some help!

PRIMARY RESEARCH(field): first-hand information that is related directly to a firm’s need

SECONDARY RESEARCH(desk):information collected from second-hand sources. Can provide information on market size and market trend

MARKET SIZE:the total sales of all the producers within a market-place measured either by volume or value

Market niche:a small range market

Franchise:A business base on the name,logo and trading method of an existing successful business.
To obtain a franchise requires payment of an initial fee

PRIVATE LIMITED COMPANY:
A small to median-sized business that is usually run by family that owns it.

(ALL THERE FROM A-Z BOOK!)

drawback of private limited company:
the ertrepreneur no longer owns all of the business-they have to give the shareholders a share of the profit,and they also have to give them a say in how the business is run!(from revision guide)

MR chris!HELP!

DO YOU THINK I CAN TAKE THE BUSINESS EXAM IN JAN???IS IT DIFFICULT?????
I REALLY WANT TO KNOW?
IF I ENTRY THE EXAM,WHAT GRADES DO YOU THINK I COULD GET????IS IT POSSIBLE TO GET B????????????????????????
AND IF I DON`T JOIN THE EXAM THIS IN JAN,IS IT BAD FOR ME?
thank you！！！！！！！！！！

Retractable umbrella

b

Today we are going to evaluate the special umbrella.

In some Asian countries,after they wash their clothes by using washing mashine,the washing will help to dry it.But sometimes it can`t dry it completely!So some family will put it in the balcony or outside.It`s normal.

But why not to try the retractable umbrella?!

It has smart systems

1.The umbrella will clean itself when it`s rainy.

2.it`s fully-retractable,to avoid the wind!

3.Flexible ribs,it can flow with the wind.It can get used to the wind`s direction efficiently ! SO it provents clothes from being wet again!It is the most important reform for the same kinds of products!!

It is elastic!Because there are more competitors!More subtitudes!

ALSO!The company can stick advertisements on the umbrella，maybe it will make more profit.

....I`m confused why it`s cheaper than other?because it has more technology,why it`s cheap?Maybe using the cheap material？if so，how to provent????

But it`s useful!Especial for Asian countries!Good market idea!

Should do

1. Daily posts in your blog. (For Business Studies students you should be visiting sites and assessing businesses. For Economics students I have given you daily questions - I have seen no answers.) You are supposed to list everyone else's blogs on your blog so you can all keep in contact, help one another etc. (Rinat has three females looking after him, for example.)
2. 3 mind maps a day related to the chapters of the book I sent round. (This is for Economics students - not one student has done this so already you are falling behind)
4. Enter the Business competition. Some people did - not many but at least they tried. A big difference in the standard of entries! I am giving you until FRIDAY 4.40pm to hand in entries as some people seem to have forgotten.
5. Book reviews (Economists) Where are the reviews on pigs and sex and drugs and...economics?
7. Learn web design and Desk Top publishing.
8. Checking out links and practising! The pathetic attempts a few hours ago where you thought demand was supply and supply was demand and two people even thought a PPF had a price on and the PPF shifted to show demand.....I despair!
9. You were supposed to be doing questions on market failure - but no-one bothered and that's why when asked about it pink people just looked confused.If you pretend you don't know about externalities then ask the person in this photograph!
10. Business glossary - what happened? Have you forgotten this:
11. It was only voluntary for some Business Studies students - but they could still have done it! You need all the practice you can get!
12. EIGHT Economics students were supposed to be doing this. Did all eight do it - I think not. Take responsibility for the other members in the group!
13. Business Studies students - what has happened? Where is it?
14. More lack of work by Business Studies students - you've missed ICT this week. What's happened? Why didn't you use the spare time?
16. You seem to have stopped being interested in University (16th October lecture)
17. So few of you even want to go to the LSE lecture just the six of you
18. Set a week ago for Economists, COLLECTIVE RESPONSIBILITY. Work to help each other. If you don't then some will be dragged down to such a low level they will think a PPF is a demand curve, that S - S1 is the opposite and that D stands for David and not 'demand'!
19. Some people are studying Philosophy - what happened to putting it into practice?
20. Even though I cover something in a blog and in class, pink people still claim never to have seen things or read them.Read and revise - all the time!
22. Are the weaker members constantly improving their English? If not then this will hold back others so make sure that everyone practises using this.
23. Business Studies students should be working through these articles.
24. So, no-one interested? That's fine...I suppose.
25. And finally, don't forget this...(I had hoped by now that at least you would know each other's names!)And don't forget to watch Youtube!

Snowter(after chris assessment!)

It’s not a snow mobile, it’s not a snow board, and it’s not a bike. It’s a ‘snowter’!
What’s a ‘snowter’?
It’s a new form of transportation used on snow.
It combines a bike’s handle bars and snow board.
In my opinion compared with a snow board it’s considerably easier to control. Compared with a snowmobile, it’s safer.
Does it take up much space?
Absolutely not!!
The components of the snowter are assembled!
You can take it apart when you go home.(convenient)
Where we can use it?
For some tourist destinations in the winter.
It’s popular and I think we can offer a fantastic price .
1.Depends on what size you need. The children’s size is cheaper than the adult size, but we can also offer a family package!
2.Depends on the time. One hour is £9 but if you want two hours it’s £15!So more people are likely to choose more time for a better deal!
Also we can supply some accessories such as hats, gloves, or scarves to keep you warm!
At the end of the adventure we can take a photo of you so that you will always have something to remind you of your wonderful day.

5000 car wash for celebrities

When I first saw this business idea,the frist reflection is expensive luxury!

It`s depends on different types of people!BACKHAM for example.

Rich people don`t care how much they spend on washing cars,In their opinions they reckon if you can wash my car like new,how much?I DON`T CARE?It`s a piece of cake for me.It`s a small sum of money to me!It`s an advandage that you can earn more and more profit once or twice...

But also because of it,mid-class and low-class people can`t afford!It`s a real drawback!In general 80%of people in the world are not rich special in delveloping counties people,it`s fact!I think they should supply more different types of price fit for all kinds of people!

Old-Fashioned Barber with Cheap Men’s Haircuts(after chris assessment)

I’m in ICT class writing my new blog! (The maths teacher is ill and I hope she will recover quickly!)Today’s blog is about special BARBERSHOPS.

The first one is called Rudy’sWhen was it established? Rudy's was established in Seattle in 1992. Why did we choose this one over other ones?
Easy, this was down to their good classical styles, their elegant music and their choice of interesting signs. The second one is called v`sWhen was it established? In November 1999, V's Barbershop & Shoeshine ®opened in the Arcadia neighbourhood of Phoenix.What do they supply? Whatever hairstyles you want!They cater for sports stars and every type of event!They have short, traditional haircuts, as well as contemporary and trendy styles. And they dye any fashion colours you like! enjoy it!!!!!!!CAN you believe it!!!!!!??????Shoe shines!!!!! It’s incredible! I may never ever see it in my country, a freshly shined pair of shoes from a barber shop!IN A WORD!Different barbershops have different services. The purpose is to attract people to spend money.The question is how to reduce the cost, to get more profit!?Comparing these two barbershops, I think each one has their own good points!But maybe expansion into other areas is the way forward. It would seem that a barbershop that just cuts your hair has no future!

Waterless Urinal

PAY ATTENTION PLEASE!


IT`S A TECHNOLOGY FOR WHOLE MALES!


THE ZERO FLUSH WATERLESS URINAL!





WHY WE USE IT??


--an ability to save over 150,000 litres of fresh water per year/per urinal offering a highly attractive pay back period of under 12 months. (like a swimming pool)


--without water supply pipework, cisterns or flush control valves, the ZeroFlush system is both simple and stylish.


--peace of mind is given and budget planning made easy with maintenance contracts offered for the life of the product.
-- no odour,you need to endure the odour no longer,enjoy it!
NUMBER!
150,000-- save over 150,000 litres of water a year .
£300 --savings of over £300 per annum to be made on water costs for each urinal fitted.
0--ZeroFlush
96%--Human male urine is approximately 96% water.

SO WHY NOT TAKE WELL ADVANTAGE OF IT!

PRICE
£279 £289 £299 £799

IPOD(3)---service END

Today i used apple software updated some new programmes!

What i must to say is IPOD is famous not only the produts are fashion but they have very good service!They afford much more new games,best and the rank of songs and podcasts(you can download some business podcasts as well),you don`t need to go to other websites.

If you set an order,the IPOD software update will help you down load the up-to-date programmes automatically.

The IPHONE 3G offer the network.That means you can check you e-mails,go to websites and do your business blogs on your own IPHONE!Is that enough??

The latest IPOD product is IPOD NANO 4!The most technological point is you can overture your images songs and menu if you overturn the screen!---but i haven`t tried yet!

Cheese burger in a can

Do you believe it?You can put a burger in a can like ham!

It`s a good choice when you have a trip or picnic with your friends,you can share it if you want,that`s why it`s that convenient.

But I have to say it tastes not such good!Maybe that`s because in a can.And I`m not sure the meat or vegetable is fresh enough,so I`m worry about it!Or eaten cold is not a good idea!

Also,I support you go to KFC,MC or BURGER KING to have a burger if time is enough,because the meat and vegetable are fresh!(though I don`t like eat fast food)disgusting!!!!!!!!!!!!!

Price:3.95 EUR (around $6)not cheap!

If I got 3.95EUR I would rather go to KFC!

more information:

http://gizmodo.com/351304/cheeseburger-in-a-can-reviewed

baby dream machine

http://www.babydreammachine.com/
it`s the website of baby dream machine!
It is 49.99!I think it isn`t expensive!
NEW creation:unique 'soothing system
Convenient:carry handles! it's easily portable meaning you can soothe your baby where ever you are.
The rhythmic motion reminds them of their earliest environment - the womb.

Shark Shield

A new product used for provent being attack by sharks!
How is it work?
It is a 3D(three-dimensional) electrical wave which impack sharks.The range is about 8meters in diameter, When the shark comes into this area its muscular is out of control,it feels spasms and it will leave at once.

AD
The sharks does feel spasms when it leaves that area!
And this product isn`t harmless!It won`t hurt the sharks just detering them.
New technology!
Good quality!
Fit for different kinds of people!
Flexible!

HOW LONG BATTERY LAST
7hours!

WARRANTY
12MONTHS!

PRICE(retail)
300POUNDS!

WHY!!!???

Today, I know my grades!
My business is C!!!!I can`t believe it!!I don`t think i will get A but I`m sure I will get B!But....why?
Anywhere I need to improve?homework??I`m confused!