Essay
MNE3701 ASSIGNMENT 5 FULL DETAILED SOLUTIONS
- Course
- Institution
MNE3701 ASSIGNMENT 5 FULL DETAILED SOLUTIONS
[Show more]
Seller
Follow
BMZAcademy
Reviews received
Content preview
BMZ ACADEMYBMZ ACADEMY
@061 262 1185/068 053 8213/0717 513 144
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
Making Life In The Markets
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
Having acquired sufficient knowledge and skills on entrepreneurship and small
business management, you must demonstrate practical competencies in managing
business’s assets and risks. Think of any business you would like to start and answer
the following questions:
• Please note, this document contains excessively enough information,
please trim it to reasonable size roughly 7 to 14 pages,
• you may not use everything
• also avoid the use of “you” which is featured in this document, you use
second person reference in place of you, such as “the business, the
company, management etc”
You are good to go!
QUESTION 1
By using practical examples, critically discuss how you would manage the
assets of your business. (10)
Assets of a business can be defined as the resources that are, used and controlled by
the business as a result of past events (Allen, 2015). Assets are generally classified
into two broad categories namely current and noncurrent assets, in which categories
physical and non-physical assts can be further grouped (Longenecker, Petty, Palich &
Hoy, 2013). According to Kuratko (2006) assets of a business are reported in the
businesses balance sheet at any given date. The common type of assets are vehicles,
premises, equipment, inventories, financial investments, debtors and cash held at
bank or hand as petty cash (Burns, 2016). The business must strategically manage
these assets for sound performance and success.
Taking an example of B2FX a business that is into online financial trading, the following
are the businesses assets as reported in its balance sheet
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
B2FX limited : Balance Sheet as at 31 May 2021
Particulars RANDS
Property, plant and equipment 500 000
Vehicles 800 000
computers 150 000
Investments in equity instruments 100 000
Total non-current assets 1 550 000
Current assets 720 000
Inventories 80 000
Trade receivables 20 000
Other current assets 50 000
Cash and cash equivalents 500 000
Total assets 2 200 000
Equity and liabilities
Share capital 900 000
Retained earnings 730 000
Other components of equity 200 000
Total equity 1 830 000
Liabilities 370 000
Long-term borrowings 200 000
Trade and other payables 100 000
Other short-term borrowings 70 000
Total equity and liabilities 2 200 000
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.62. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52355 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now