assignment范文-财务管理专业作业
论文作者:www.51lunwen.org论文属性:作业 Assignment登出时间:2014-06-13编辑:lzm点击率:7227
论文字数:2556论文编号:org201406131545293024语种:英语 English地区:中国价格:免费论文
关键词:assignment范文财务管理专业Financial ManagementWriting Assignmentsassignment范文
摘要:It is important that students refer to The Faculty of Business Guide to Writing Assignments particularly in regard to the contents of the executive summary. This is available on the Faculty of Business web site.
Fangio Brother’s Smash Repairs Pty Ltd (FBSR) is a smash repair business located in the western suburbs of Sydney. The business was started by two brothers in the late 1950’s but is now run by Roberto and John Fangio, the two sons of one of the founders of the business. Roberto and John each own 30% of the issued ordinary shares in the company but several other family members also own shares and the company is expected to perform well and pay annual dividends. The company’s Board of Directors consists of Roberto, who is Managing Director, John, their sister Mary and their cousin Maria who is the company secretary. There is one independent director and he is Michael Potter a family friend and the family tax accountant. The company chairman is their Uncle, Juan Fangio who was the other founder of the company. Maria works in the business as the Accountant/Office Manager and has recently completed an MBA at UTS.
The smash repair business has been through some turbulent times in recent years mainly due to the increasing dominance and control exerted by the major
Insurance companies. FBSR has survived and managed to remain profitable through the reorganisation of the industry and is a registered repairer for the major insurance companies and this ensures a steady stream of insurance work. On top of this John has built up a good reputation with two historic car clubs that has resulted in restoration work on vintage cars that has proved profitable and interesting work.
The company operates from premises that it has owned since the business was incorporated. At the time of incorporation it was decided to purchase two adjoining blocks of land and construct the workshop, spray booth and office on one block and keep the other as an investment or for future expansion. During the years the buildings have been renovated and updated several time with the last occasion being only eighteen months ago when a new spray booth was constructed. The workshop etc is still contained on one block. The other block is still vacant, not very securely fenced and has to be maintained by one of the local lawn mowing contractors to keep the grass and shrubs tidy. This maintenance currently costs $16,000 p.a. and is expected to increase by 3% p.a. for the next ten years. This expense will be eliminated if the site is developed. For some time now Mary and Maria have been advocating selling the land as it would release a significant amount of money which could be paid out to shareholders as a special dividend. However Juan has always had a dream that the land would be used to expand the business and is not keen to sell. The company is working at full capacity five days a week and Saturday overtime is not unusual. Some historical car work had to be declined recently. The major bottleneck is the spray booth where cars have to remain for a minimum drying period. The company has two spray booths but one can only be used for parts not full bodies. The company also had a problem with the parking of vehicles during the day and could only use the spare ground for parking during dry weather. In wet weather shuffling cars was not only frustrating but an inefficient use of staff time.
Some months ago Juan had asked Roberto and John to investigate the feasibility of expanding the business and John has just completed an overseas trip (a combination of work and holiday with his wife and family) during which he completed some research into the latest techniq
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