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Essay / Research Paper Abstract
The 17 page paper is written in 3 parts answering questions set by the student. The first part considers the costs that are presented in a case study and the way these will vary for a services company compared to an equipment hire business and issues such as why the owners may move to a limited company. The second part of the paper shows the way that sales, cash flow, production and purchase budgets can be developed from sales projections. The last part of the paper looks at federal budgets, answers question regarding what they are and compares them with corporate budgets. The Federal Budget discussed is that of Australia. The bibliography cites 5 sources.
Page Count:
17 pages (~225 words per page)
File: TS14_TEbudquest.rtf
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Unformatted sample text from the term paper:
majority of operating costs will be those associated with providing a service. In a case of services, this usually means a high level of labour costs. These costs are both
direct and indirect costs including the wages and benefits packages and the employers costs such as the recruitment and training to develop the skills of the staff in order to
provide serve at the correct level. Therefore, this may be extended to cover the indirect costs of managing the employees with the costs of the human resource management functions which
will be very important in the way the staff are managed and their overall attitude. Training and HR costs may be seen as an investment just as maintenance if the
company used machinery. If Ramook Ltd. Was operating a heavy machinery hire business it is likely that there would be a different cost profile. The service would be focused on
physical rather than human assets, therefore there would still be the labour costs, but the labour would be focused on the way the machinery was hired out. This means that
there would be a higher level of costs on machinery maintenance; this would include the parts needed to maintain the machinery as well as the facilities to store the equipment
not in use. Where there are a large level of physical assets the assets will also need protecting, as such costs will also include relevant insurances for the equipment while
on and off of the companys property. It is worth noting that the cost of buying the machinery will be a cost, but it will not be reflected in the
operating costs, as the purchases are likely to be capital investment with the cost being accounting for using depreciation and the matching concept, matching the cost of the equipment with
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