HR7003 Finanace Coursework Example 2023/24

Published: 08 Feb, 2025
Category Coursework Subject Finance
University University of West London Module Title HR7003 Finanace Assignment

About this Unit 

In the last analysis, successful financial policies and prudent budget management would be the key factors that will let the Coffee Shack achieve sustainable profitability and continue expanding in a highly competitive industry. This excess or added-on money shows the efficiency of operations and the economic potential of the company. In contrast, financial sustainability defines the ability to maintain healthy cash flows and financial reserves to support continuous operations, in addition to the opportunity creation of future expansions. This analyzes the variance regarding the revenue and expenses of the coffee shop for the month ended January 31, 2024, against the periodic budget. Variance analysis is a tool employed to quantify financial performance and trace deviations, which is the mark to make strategic decisions for managers.  The breakout was caused by a lack of balance in the budget with expenditure exceeding the allocated fund by as much as 42.4%, which caused the company to lose profit despite the annual increase in sales of 13.5%. The excessive cost of production results primarily in the overshooting of raw materials, wages, and utility expenses.  The company's ability to exceed revenue expectations is commendable; however, controlling expenses will be crucial for improving profitability. Engaging in robust budgetary practices will not only help in maintaining financial health but also support strategic business growth.  The break-even sales of £309,593 indicate the sales level at which the company neither makes a profit nor a loss. This is crucial for setting sales targets and understanding the impact of cost management on profitability.   

Are you also facing problems with your HR7003 Finance Coursework Example and looking for assignment help UK? We help experts with Accounting assignments, including a special Distributed and Parallel Computing Technologies Portfolio assignment. Our team, with extensive experience in this field, provides unlimited assignments for UK students, ensuring 100% plagiarism-free content. Need guidance? Get AI-free assignment sample solutions to understand the quality of our work. Contact the work team to get good marks on your assignment.

Workingment Unique Features

Hire Assignment Helper Today!


COM00186M Autonomous Robotic Systems Engineering (AURO) Coursework Example

The robots have all the computational and sensory requisites that enable them to work independently, that is, without any support from humans. For instance, you might encode a system in which each robot decides

7BSP1266 Dissertation-Project Management Coursework 4 Example | UoH

The project management-facilitated initiative is a pioneering venture in money development, with an emphasis on sustainability and home life well-being. It aims to reduce the property's energy use by approximately 30% which is attainable during the following year.

HSC419 Modern Society Coursework 2 Assignment Sample | CU

A historical city in the West Midlands with a diverse population. Known for its rich cultural heritage, industrial background, and modern development

BMMM 5003 Integrated Marketing Communications Coursework 1 Example | DMU

Sainsbury's specialises in groceries, food, retail, technology, digital, finance, online, banking, supermarket, general merchandise and clothing. Moreover, the company is known for offering delicious and great quality food at a competitive price

ACC2222 Accounting and Finance for Business Individual Coursework Example | MUL

ACC2222 Activity-based costing is an effective method that helps allocate various overhead costs, which are based on every product's actual consumption of resources.

MMN630233 Crisis and Operational Resilience Coursework Example | GCU

This assignment requires you to consider organization shows the capacity and ability of the organization to anticipate prepare, respond and recover from the disruptions It is about sustaining various critical functions under serious conditions, learning from the incidents.

7029EFA Governance, Accountability and Ethics  Coursework Sample | CU

This assignment will have three parts in which corporate governance and its different aspects will be discussed. The first principle is called Board Leadership and Company Purpose. The second principle is called division of responsibility.

44-508678 Airline Operations and Pricing Management Individual Phase Test Sample

Pricing and yield generation strategies factor prominently among ingredients determining an airline’s operational model and route strategy, revenues and costs, and corresponding impact on company profitability

SIB7501-B Strategic Management Individual Coursework Example

Hikma Pharmaceuticals, established in 1978 by Samih Darwazah in Jordan, has grown into a global leader in the pharmaceutical industry, specializing in generic, injectable, and branded medications

AC4006T Group Coursework Solution - Financial and Management Accounting

Management and financial accounting concepts have been described in this report. It has discussed books of prime entries, statements and more.

Online Assignment Help in UK