Gemma Lynns Catering Services Term Paper Example | Topics and Well Written Essays - 3000 words

Gemma Lynns Catering Services - Term Paper Example The report will be divided accordingly: The first section of the report will discuss the principles of bookkeeping and accounting, giving an understanding as to why financial statements are important and how Gemma can use these financial statements to aid her in decision making. It will also answer the Gemma's first question regarding her profits. The second part of the report will discuss Gemma's business as it compares with the industry figures. Based on the figures, the report will also indicate the areas in her business that require improvements and provide suggestions on how these can be improved. The third part of the report will discuss Gemma's plans for expansion and provide suggestions on how profitability can be ensured during and after expansion. A section to coordinate the whole report will come after and provide concluding comments regarding the whole report. Gemma's catering business is a private enterprise under single proprietorship. Even though this does not obligate her to publish her accounts, it does not exclude her from having to document her financial records for taxation and other legal purposes. There are at least three minimum documents needed to properly audit her company's finances. Among these are the balance sheet, the income statement, and the cash flow statement, each of which has a specific purpose within a business enterprise.The balance sheet, from which a company's assets are balanced with their liabilities, "shows a 'snapshot' of the firm at the particular point in time"(Blandon, 2001). It contains important information such as the company's assets (cash in the bank, stock, debtors, and fixed assets), liabilities (creditors, tax payables, other types of liabilities such as long-term loans), and net worth.

Assess the impact of re-introducing rent control on the market for Essay

Assess the impact of re-introducing rent control on the market for housing - Essay Example However, these challenges did not last for long as the abolishment of the controls and execution of short-hold tenancy resulted to a rejuvenation of the private rented sector that continues to develop even today. Essentially, critics such as George Osborne and Assar have a rational foundation to their arguments, as most people would agree that setting prices lower than those the property owners would charge could make the economy less appealing, especially for the investors (Sloman&Garrat, 2012). However, the are other influences of rent control different from the common observation and conception that elimination of the controls is more efficient as it could provide a more desirable housing market for potential investors. Rent controls and any adjustments to the tenure legislations could influence the housing market in multiple ways but there is always a risk of overlooking other essential aspects that also have considerable effects on the development of the economy. Relative to a glance on history, instigated rent controls in the United Kingdom varied from a straightforward freeze during the world wars to fair rents regimes in the sixties aimed at removing the impact of scarcity in the ren tal market. The initial step was an increase of Rent and Mortgage Interest Act of 1915 limiting rents for unfurnished homes (for the working class) to specific levels at the beginning of the war in 1914(Glaeser&Luttmer, 2003). Typically, the regulation of rent in the United Kingdom has had vast challenges in the past even with the main objective revolving around ideas such as advocating for affordability. Moreover, the short-range act introduced prior to the World War 1, mysteriously managed to be in place up to the late 1980s making people more alert of proposals such as the one by the Labor Party. Resolutely, this essay focuses on explicating effects of re-introducing rent control on the market for housing based