Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
Well-structured MNE3701 Assignment 5 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Having acquired sufficient knowledge and skills on entrepreneurship and small business management, you must demonstrate practical competencies in managing busi...
Entrepreneurship and Small Business Management (MNE3701)
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MNE3701
Assignment 5 Semester 2 2024
Unique Number:
Due Date: 25 October 2024
Asset Management Strategy for "Fresh Eats Bistro"
Introduction
"Fresh Eats Bistro" is a small, health-conscious eatery located in the heart of Randburg. The
business aims to serve fresh, organic, and locally sourced meals to customers while
promoting sustainable living. The restaurant will be equipped with a dining area for 50
customers, a kitchen, a storage area for inventory, and administrative space. The primary
assets of "Fresh Eats Bistro" include cash, accounts receivable, inventory, and equipment
(such as kitchen appliances and furniture). Effectively managing these assets is critical to
DISCLAIMER & TERMS
ensuring the OF USE operation and profitability of the business. This discussion explores the
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while ensuring the business operates smoothly. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
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The working capital cycle for the restaurant includes purchasing fresh ingredients
(inventory), converting them into meals (sales), collecting payment (cash), and then
reinvesting that cash into purchasing more inventory. To optimize the working capital cycle,
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