Analyse The Reasons Why Costs Need To Be Controlled To Budget Homework Essay Sample

A budget is an estimation of the revenue and expenses the business are expected to reach over a specific period of time.

There are many reasons why costs need to be controlled to budget; if they are not it can lead to many problems.If costs are not controlled or monitored to budget it can lead to many problems. The first problem that they could have is they won’t be able to achieve their goals and objectives. This is because a budget sets objectives and targets in which the business expect to reach.

For instance, they may budget a certain amount of money on costs. If they overspend of costs it means they haven’t reached their goal and would mean the business wouldn’t be able to move forward.Furthermore, if they do not control their budget it will also lead to an adverse variance and a decrease in profits. This is because, when businesses overspend than they budgeted for, their costs will go up and the profit will fall; they may even make losses.

This means they wouldn’t be able to pay their monthly bills or declare dividends to their shareholders.Additionally, not keeping to the budget will affect other departments in the business. This is because if they overspend in one department they will need extra funds and this money may come from other departments. This means that other areas won’t be getting as much money which could impact the businesses performance.

Moreover, not monitoring the budget would mean that they won’t have money for other expenses. This is because they will need extra cash to pay for the overspending meaning they won’t have the money to pay for monthly bills. For instance, they won’t be able to pay for their staffs salaries and wages or pay their suppliers to gain raw materials. This means that the businesses efficiency will fall.

Also, not keeping to budgets means that the business could take the money to pay for the over expense out of the reserve funds. This means if the business is ever in an emergency and need to use money to resolve the issue, they won’t be able to due to already spending it. For example, if their machinery breaks down and they need to replace it, they won’t have money to do so which means they wouldn’t be able to produce products.In addition, if costs are not controlled it would affect the long term expansion of the business.

This is because the business would need to use their extra funds to fund the extra costs. Therefore they will not have any money to expand the business and won’t be able to increase the profits they make with the expansion.It will also make you less competitive in the market. This is because the business won’t have the money to expand or have promotions to compete with similar businesses.

They also won’t have the money to introduce new products which could attract more customers. Furthermore, they won’t be reaching their objectives and goals so they wouldn’t be able to move forward as a business and be more successful than their competitors.Costs need to be controlled because if they are not they won’t be able to take advantage of discounts to buy raw materials in bulk. This is because they will be using extra funds to fund the overspending therefore they won’t be able to buy large sums of raw materials.

The supplier may have discounts for buying in bulk and therefore won’t be able to take advantage of these deals and will be missing out.The next reason why costs need to be controlled to budget is they won’t be able to produce as many products. If the businesses costs increase it will mean they will have to pay more money for less supplies. Therefore they won’t be making as many products meaning they won’t be making as much money.

This will affect their profit levels greatly.Furthermore, they may be forced to increase the selling price of their products. This is because the business need to make more money and this is a way to do so. However this could affect their sales as customers may not want to buy from them and may go elsewhere.

Lastly, they will need to control costs to prevent debt and bankruptcy. This is because the business may use up all their money on funding the overspending and it may lead them little money to provide a service. Therefore the business may end up having no money and may go bankrupt. Or they could be in debt from getting loans.Overall, it’s important to control costs to budgets as if the business don’t, it can lead to many consequences.

The Dreamland Hotel And Resort

The focus of our research paper is to improve the quality of services of a specific company, on how they should manage their business in order to achieve success and exceed customer’s satisfaction. The company that we’ve chosen is the Dreamland Hotel and Resort that is located at Cabaret Road Cambrian 177 Cloacae City, Metro Manila.

We researchers are going to conduct and gather information about the said company. This research paper includes the problems that are present in the Dreamland Hotel and Resort and the solutions that we think may help the business to improve. B. Problem Statement Below are the problems that are present in Dreamland Hotel / Resort that we think needs to be improved: * The hotel / resort are lack of facilities and equipments like tables, chairs and other recreational equipments that a guest would want to have. * They are lack of employees; it’s only 1-2 people who are facilitating the whole resort / hotel.

They don’t even have a life guard to secure guests safety. * Expensive rates for their entrance fee, cottages and other products are not worth it. * There are no street lights, signage going to the hotel / resort and so it is unsafe way, especially when night. * A small number of guests visiting the hotel / resort. In order to improve the poor service of the Dreamland Hotel / Resort, we identify some problems about the daily service of the company for us to think on how they an meet and exceed customer’s expectation and to provide them quality service to satisfy needs.

It’s only a small number of guests who’s visiting the establishment. The hotel / resort are lack of facilities and equipments like tables, chairs and other recreational equipments that a guest would want to have. Guests should bring their own foods and be responsible of the corkage fee since there is no any food stalls there where they can buy. They are also lack in terms of employees; it’s only about 2 people won are Tackling’s ten wangle resort / I I nee don’t even nave a Tie guard whom should be the one to secure their guests safety.

There are no street lights, signage going to Dreamland and so it is unsafe way, especially when night. And lastly, expensive rates for their entrance fee, cottages and other products are not worth it..

Was The Settlement Of Jamestown A Fiasco? Sample

In the book of Taking Sides. there are two points of position from the article “Was the Settlement of Jamestown a Fiasco? ” On the Yes side. Edmund S. Morgan makes the statement that the colony of Jamestown was a debacle more than a program. The other side Karen Ordahl Kupperman think that the whole Jamestown colony was an experiment of test and mistake. Edmond Morgan argues that one ground for failure was a deficiency of organisation and he doesn’t think that Jamestown has good leading. The colonies authorities was made up of a council and a president. The president had virtually no authorization. and the council spent most of its clip reasoning and non really carry throughing any regulating. The following job that Morgan brings to attending is a combination of indolence and the make-up of the population. When the settlers foremost arrived to Jamestown they functioned as a socialist like community. The settlers farmed as a whole and everyone was given equal parts of the harvest. so this was non boost to works and farm every bit much as possible. “The work a adult male did bore no direct relation to his wages. The dawdler would have as big a portion in the terminal as the adult male who worked hard” ( Morgan p. 31 ) .

Governor Dale so caught on to this and changed their operation to that of a capitalist like private endeavor. He gave each adult male three estates or twelve if he had a household. and each adult male or household could maintain what they grew except for a revenue enhancement of two and a half barrels of maize per twelvemonth. This put the settlement into a excess. so they think that was good plenty and a new facet of indolence appeared. Out of a population of approximately three hundred. approximately one hundred were gentleman. “Gentleman. by definition. had no manual accomplishment. nor could they be expected to work at ordinary labour. ” ( Morgan p. 32 ) In other words. the gentlemen were lazy. ignorant to the trade of labour. and thought excessively extremely of themselves to take part in labour. This hurt the production of harvests needed to last. On the other side. Karen Ordahl Kupperman mentioned. “Jamestown. nevertheless amiss. managed to keep on until it found the expression for animating a successful version of English society abroad. Once that expression was devised. so all other settlements. get downing with Plymouth. had a much easier clip of it and gained stableness much more rapidly.

Jamestown’s part was to develop the theoretical account for a true English settlement. one that would really work in America. ” In this quotation mark. Karen is explicating how Jamestown’s intent was to make a true English settlement that will keep through all the troubles. Jamestown did keep. No 1 could state how to hold a functional settlement. but Jamestown was able to take as many settees that came and provided them with assorted resources. Another ground Jamestown was a successful undertaking was that it made the colonists make life for themselves. Karen besides mentions how successful it was by stating. “The genuinely singular thing about Jamestown is that it somehow survived through old ages of adversity and disheartenment until a few colonists eventually embarked on the class to success at the terminal of 1610. ” ( Kupperman p 43 ) Therefore. Jamestown was a true theoretical account for other settlements. Its surviving and scene. After I read this article. I would hold with Morgan that Jamestown was a debacle. Edmond Morgan explicating the failures of the Jamestown settlement. because he believe the failures to miss of organisation. indolence. the make-up of the population. and hapless thoughts for prosperity. What I understand from him that is the English didn’t put adequate attempt into turning their ain nutrient was because the Indians already had it. so their nutrient green goods decreased. In my sentiment. Edmond Morgan and Karen Ordahl Kupperman they both make really good statements and there is truth to both sides.

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