700322 Decision Making for Business

Applied Project Individual Assessment

Don't use plagiarized sources. Get Your Custom Essay on
Decision Making for Business Project
Just from $9/Page
Order Essay

 

In preparation for the peer-review assessment, do not include your name or student ID on this document.

  1. Introduction and Overview

Vehicles are essential in our day-to-day life. The paper is based on the analysis of the difference between solar vehicle batteries and electric vehicle batteries. From the study, both batteries are suitable for use as each has its advantages and disadvantages. In my financial calculations, both batteries should be manufactured as they both make sense of their existence. Electric vehicle batteries may not be in use much this generation, but they may be one of the most prevalent systems in the manufacturing system in the future. With the advancement in technology, every nation, not only Australia, is striving to adapt the new and modern technology.

2. Calculation and data presentation

3. 2.1 Electric Vehicle Battery

Income Statement (for 2021) Electric Vehicle Battery

Batteries R Us Ltd (Electric Vehicle Battery)

Income Statement for the year ended 30 June 2021

  $ $
Sales   8,000,000
Cost of goods sold (1,200,000)  
Gross Profit   6,800,000
Operating Expenses    
Depreciation expense 282,000  
Sales salaries expense 450,000  
Office salaries expense 400,000  
Advertising expense 350,000  
Office supplies expense 328,000  
Rent expense 840,000  
Insurance expense 230,000  
Utility expense 290,000  
Operating Profit/EBIT 3,170,000  
     
Profit before tax 3,630,000  
     
Net profit 10,430,000  

Income Statement (for 2022) Electric Vehicle Battery

Batteries R Us Ltd (Electric Vehicle Battery)

Income Statement for the year ended 30 June 2022

  $ $
Sales   8,400,000
Cost of goods sold (1,380,000)  
Gross Profit   7,020,000
Operating Expenses    
Sales salaries expense    
Office salaries expenses    
Advertising expense    
Office supplies expense    
Rent expense    
Insurance expense    
Utility expense    
Depreciation expense    
Operating Profit/EBIT   3,530,000
     
Profit before tax   4,120,000
     
Net profit   11,140,000

 

Income Statement Analysis (copy and paste the scatter with straight lines and markers graph here)

 

 

Balance Sheet Electric Vehicle Battery

Batteries R Us Ltd (Electric Vehicle Battery)

Balance Sheet as of 30 June 2021

Current Assets $ $
Accounts receivables 4,600,000  
Bank 950,000  
Inventory 1,950,000  
Non-Current Assets    
Equipment and fixtures 12,000,000  
Land and buildings 28,000,000  
Fixtures 2,500,000  
Total Assets   50,000,000
Current Liabilities    
Account payable 5,200,000  
Dividends paid 650,000  
Capital 15,000,000  
Non-Current Liabilities    
Mortgage 27,000,000  
Total Liabilities   47,850,000
Net Assets    
Equity   2,150,000
     
     
     

 

Balance Sheet Analysis:

 

The electric vehicle battery was analyzed using assets, liabilities, and equity. The analysis was conducted annually in 2021. The balance sheet was used to derive total current assets, non-current assets, and total liabilities. The balance sheet helped analyze the asset worth of the batteries by verifying the profitability of the electric vehicle batteries. The primary goal of the balance sheet was to add up the total liabilities and share capital. The non-current liabilities overlooked the value of the mortgage, which was high; hence it was a good sign of the efficiency and profitability of electric vehicle batteries.

Ratio Electric Vehicle Battery

  Formula 2021 Industry Average
Quick (Acid-test) ratio 749.91 0.80 times
Net Profit ratio 1.30 43.50%

 

Ratio Analysis:

Ratio analysis refers to the quantitative method or rather approach of getting insights into company liquidity, the efficiency of the operations, and the profitability of the organization. Ratio analysis is derived from financial statements. In our case, two primary ratio analyses were conducted;

 

Quick (Acid-test) ratio

The quick ratio, which is a type of liquidity ratio, was conducted following the financial statements of the year 2021. The quick ratio is regarded as more conservative in terms of liquidity. The quick ratio involved the coverage of current assets, inventories, and current liabilities. A proportion of 0.80 was high, depicting that the electric vehicle batteries’ financial health was excellent, including its liquidity. Furthermore, the high quick ratio showed that the adoption of electric vehicle batteries was better in debt management according to the income statement and balance sheet.

 

Net Profit ratio

The net profit ratio showed the relationship between electric vehicle batteries’ net profit and total sales. The net profit ratio was significant in measuring and evaluating the electronic vehicle batteries profitability to the company given the tight budget. Additionally, the net profit ratio was to evaluate the management efficiency of the company. The electronic vehicle batteries’ net profit ratio was very high compare to the average rate. This indicated that the net profit ratio indicated electronic vehicle batteries were efficient to be manufactured.

 

 

Probability Electric Vehicle Battery

Electric Vehicle Battery Probability
P(lowest reduction in battery life) 0.09
P(highest reduction in battery life) 0.16
P(reduction is battery life if parked in summerparked for 12 hours per day) 0.32

 

Probability Analysis:

The company management used probability analysis to forecast future risks associated with risks and expectations, such as losses and accidental situations. However, the probability analysis of the electric vehicle batteries was quite unfavorable to the company based on its financial analysis and evaluation.

 

 

 

 

 

2.2 Solar Panel Battery

Income Statement (for 2021) Solar Panel Battery

Batteries R Us Ltd (Solar Panel Battery)

Income Statement for the year ended 30 June 2021

  $ $
Sales   16,000,000
Cost of goods sold 4,700,000  
Gross Profit   11,300,000
Operating Expenses    
Sales salaries expense 750,000  
Office salaries expense 600,000  
Advertising expense 850,000  
Office supplies expense 528,000  
Rent expense 980,000  
Insurance expense 390,000  
Utility expense 490,000  
Depreciation expense 282,000  
Operating Profit/EBIT   6,430,000
     
Profit before tax   5,600,000
     
Net profit   16,900,000

 

Income Statement (for 2022) Solar Panel Battery

Batteries R Us Ltd (Solar Panel Battery)

Income Statement for the year ended 30 June 2022

  $ $
Sales   17,600,000
Cost of goods sold 5,170,000  
Gross Profit   12,430,000
Operating Expenses    
Sales salaries expense    
Office salaries expense    
Advertising expense    
Office supplies expense    
rent expense    
Insurance expense    
Utility expense    
Depreciation expense    
Operating Profit/EBIT   4,710,000
     
Profit before tax   3,880,000
     
Net profit   16,310,000

 

 

 

Income Statement Analysis copy and paste the scatter with straight lines and markers graph here)

 

 

 

Balance Sheet Solar Panel Battery

Batteries R Us Ltd (Solar Panel Battery)

Balance Sheet as of 30 June 2021

Current Assets $ $
Account receivables 6,600,000  
Bank 950,000  
Inventory 2,250,000  
Non-Current Assets    
Equipment and fixtures 17,000,000  
GST collected 1,600,000  
Land and building 28,000,000  
Total Assets   54,800,000
Current Liabilities    
Account payables 6,700,000  
Dividend paid 650,000  
Capital 15,000,000  
Non-Current Liabilities    
Mortgage 27,000,000  
Total Liabilities   49,350,000
Net Assets    
Equity   5,450,000
     
     
     

 

Balance Sheet Analysis

The solar vehicle battery was analyzed using assets, liabilities, and equity. The analysis was conducted annually in 2021. The balance sheet was used to derive total current assets, non-current assets, and total liabilities. The balance sheet helped analyse the asset worth of the batteries by verifying the profitability of the solar vehicle batteries, which was very high hence beneficial to the company’s financial wealth. The primary goal of the balance sheet was to add up the total liabilities and share capital. The non-current liabilities overlooked the value of the mortgage, which was high; hence it was a good sign of the efficiency and profitability of solar vehicle batteries.

 

 

 

Ratio Solar Panel Battery

  Formula 2021 Industry Average
Quick (Acid-test) ratio   0.80 times
Net Profit ratio   43.50%

 

Ratio Analysis :

 

The ratio analysis, which is a type of liquidity ratio, was conducted in accordance with the financial statements of the year 2021. Both percentages are regarded as more conservative in terms of liquidity and profitability. The quick ratio involved the coverage of current assets, inventories, and current liabilities.

 

 

Probability Solar Panel Battery

Solar Panel Battery Probability
P(lowest reduction in battery life) 0.06
P(highest reduction in battery life) 0.19
P(reduction is battery life if unused in summerunused for 12 hours per day) 0.34

 

Probability Analysis :

The company management used the probability analysis to forecast future risks associated with risks and expectations such as losses and accidental situations, including financial evaluation.

 

 

4. Business Decision

The company should consider the manufacturing of solar batteries than electronic batteries for vehicles based on the financial statements above including the scatter plot graphs. Additionally, the net income of solar vehicle batteries is high compared to electronic vehicle batteries. The assets channeled in the manufacturing of electronic vehicle batteries are high, which can cause the company to strain based on its budgets financially. According to Zheng et al. (2013), the expenses involved, such as rent and salaries, are very high, making the cost of manufacturing electric vehicle batteries costly to maintain. However, although solar vehicle batteries expenses and costs involved from the income statement and balance sheets are low, the batteries dont store much energy especially in winter times which can render the business or rather company fall and loose some of the customers who can consider opting using the electric vehicle batteries.

However, solar batteries used in vehicles can still store energy or power in them despite bad weather. Additionally, from the ratio calculation and probability ratios, solar vehicle batteries are the most profitable compared to electric vehicle batteries. Therefore, based on the expense incurred in manufacturing electric vehicle batteries, the company should consider the efficiency and comfort obtained from solar vehicle battery usage. Additionally, given the companys budget constraints, solar vehicle batteries would be the best fit for manufacturing. However, the company should consider the pros of the manufacturing of solar vehicle batteries considering the growth and advancement of technology in the globe. In the near future, the company may collapse based on the vehicle industry advancement with day to day increase in inventions and innovation trends, leading to an increase in the infrastructural system in the transport sector. For example, according to Bohel et al. (2004), the adoption of the electric train in the transport network has changed the outlook of some of the countries such as Japan and china with a positive impact on the transportation system in the growth of the economy. However, considering the budget constrain of the company, it should adopt the manufacturing of solar vehicle batteries for the time being while expanding at a later future to the manufacturing of electric vehicle batteries.

 

 

5. Conclusion

 

In conclusion, the company should adopt the manufacturing of solar vehicle batteries, unlike the electronic vehicle batteries, given the costs involved are less compared to electric vehicle batteries. Additionally, basically the use of solar vehicle batteries is better not only to the company but also to the environment in general. It provides a user-friendly environment to both the users and the environment. Additionally, solar vehicle batteries that draw energy and power from the sun are efficient for use as they are affordable to most people, unlike electric vehicle batteries, which are expensive in fuel and electricity costs when it comes to manufacturing and usage.

6. Reference List

 

 

 

Bohlen O, Buller S, De Doncker R W, et al. Impedance based battery diagnosis for automotive applications[C]. Power Electronics Specialists Conference, 2004.

Fault diagnosis in dynamics systems using analytical and knowledge-based redundancy: a survey and some new results [J]Automatica, 26 (3) (1990), pp. 459-474

Zheng Y, Han X, Lu L, et al. Lithium ion battery pack power fade fault identification based on Shannon entropy in electric vehicles[J]. Journal of Power Sources, 2013, Vl (223): 136-146.

  • END OF DOCUMENT –

Are you in need of assignment help?

Are you a high school, college, or university student pursuing a diploma, bachelors, master’s, or Ph.D. degree? Sometimes, assignments and life can overwhelm you.

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

That is where we step in. Whichever your reason may is, it is valid! With our student assignment help service, you can submit all your assignment on time and score superb grades. You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Our academic writers are graduates with bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an academic writer with our assignment help service is to have a college bachelors degree. When assigning your order, we match the paper subject with the writers area of specialization.

What subjects does your online assignment help service help with?

We offer student assignment help on various subjects. These include:

  • Nursing
  • Psychology
  • Sociology
  • Business
  • Statistics
  • Finance
  • Literature
  • Law
  • Finance
  • Computer science

Why should you use our assignment help service?

  • You get unique plagiarism-free papers
  • We ensure timely delivery of all assignments
  • Papers are of unmatchable quality
  • We can handle assignments of any deadline
  • We have a pool of skilled, experienced native English writers
  • The minimum requirement to be a writer with our company is to have a bachelors degree
  • Writers go through rigorous tests and mentorship
  • You get a subject-relevant academic writer
  • We ensure strict adherence to paper instructions
  • We can handle tackle bulk assignments
  • We charge fair and reasonable prices
  • We offer awesome discounts to our clients
  • Our customer support is available 24/7
  • You get superb grades consistently
  • We guarantee 100% privacy and confidentiality
  • We are 100% legit
  • Customer satisfaction is our core priority
  • You can communicate directly with the writer
  • Our quality assurance department ensures your papers quality is top-notch
  • We have secure payment methods

How does our student assignment help service work?

1. Place an order

You fill all the paper instructions in the order form. Make sure you include all helpful materials so that our academic writers can deliver a perfect paper. It will also help to avoid unnecessary revisions. At this point, you can attach files that are provided for the assignment. We usually insist a lot on the client uploading the grading rubric if it is available. The writers adhere to the highest level of the rubric to ensure that you get a perfect grade.

2. Pay for the order

Proceed to securely pay for the paper so that we can assign the paper to one of our expert academic writers. The paper subject is matched with the writers area of specialization.

3. Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer.

4. Download the paper

The paper is uploaded to your personal account and sent to your email. You also get a plagiarism report attached to your paper.


Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently
 

Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper