Business Economics and Finance in a Global Environment Project 2 Assessment

Edinburgh Napier University Module SOE11531

Business Economics and Finance in a Global Environment Project 2 Assessment

Project question

Report Assignment in Accounting and Finance

You have received an email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of the refrigerated goods division, inviting you to the first in a series of budget- setting meetings and asking you to submit a brief report in advance.

You are only permitted to submit your report once. Trial runs are not permitted and no spare, draft or test dropboxes will be provided. It is your responsibility to submit your own work and to ensure that your report is finalised, complete and properly edited before, not after, you submit it.

This is an individual assignment. The sharing of files or copying of work between students is not permitted.

You are only allowed to submit one document, which must contain your full report, including your reference list. Do not attempt to submit additional documents.

Your submission must be either a Word document in .doc or .docx format or a .pdf document.

Appendices are not permitted.

Report Assignment in Accounting and Finance

You have received the following email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of the refrigerated goods division, inviting you to the first in a series of budget- setting meetings and asking you to submit a brief report in advance.

Dear “Laser”,

For the last financial year Clark Casc Logistics plc made a profit of £32 million – with profits of £18 million in the first six months of this year and the Board believes that there is scope for continuing expansion. We are therefore reaching out to all managers to provide realistic budgets for the income and costs for which they are responsible, so that we can plan ahead with confidence.

We will be holding a first round of budget-setting meetings on Thursday next week. As the manager of the refrigerated goods division, the income and expenditure for which you were responsible for the last financial year were as follows.

Your expenditure for the first six months of the present financial year is as follows, with a comparison with the budget which, I would remind you, you agreed to this time last year.

Year Ended April 30th 2022

Six Months to October 31st 2021 Refrigerated Goods

 Budget Full Year £000Budget Year to Date £000Actual Year to Date £000
Income from Refrigerated Goods Customers 24,760 12,380 12,967
Salaries and Associated Payroll Costs      
Drivers8,540 4,270 4,321 
Depot Operatives1,952 976 994 
Administrative Staff324 162 163 
Buildings Depreciation 56 28 28
Buildings Maintenance 84 42 42
Vehicle Depreciation 1,356 678 694
Vehicle Maintenance 1,266 633 648
Other Equipment Depreciation 254 127 114
Other Equipment Maintenance 152 76 72
Vehicle Fuel 4,758 2,379 2,434
Other Power Supplies 176 88 90
Vehicle Excise Duty 86 43 44
Vehicle Insurance 358 179 184
Staff Training      
Drivers240 120 124 
Depot Operatives22 11 11 
Administrative Staff4 2 2 
Total Expenditure 19,628 9,814 9,965
Profit 5,132 2,566 3,002

Next Year: Year Ending April 30th 2023

The purpose of next week’s meeting is not to congratulate ourselves on past profits but to plan for the future.

We already have a budget for the rest of this year and monitoring progress against this is an entirely separate exercise and not the purpose of this report, so do not include any budget monitoring information, as we already have that.

We need a realistic budget for income and expenditure, to tell us how much sales income we intend to make and how much we are going to have to spend to earn it. This year is already underway and what we need is a budget for next year. We need this budget to be agreed well in advance, so that we can make the necessary commitments and contractual arrangements for all our planned expenditure.

Please provide a report in advance of the meeting detailing your budget for the year ending April 30th 2023.

The format of the proposed budget is up to you, as is the method by which you arrive at the budget. However, please include the following sections in your report. We do not require an executive summary:

  1. Introduction
  2. Approach to evaluation of the proposed investment in a new depot
  3. Evaluation of the proposed investment in the new depot
  4. Approach to drawing up the refrigerated goods department budget
  5. Relevant calculations to show that your budget for the year ending April 30th 2023 is realistic
  6. Your proposed budget for the year ending April 30th 2023 with complete income and expenditure figures
  7. A conclusion on the levels of income and expenditure in your department and on the likely result of building the new depot
  8. Recommendations on the new depot proposal, including a recommendation on whether or not to proceed with it, and on the next steps in managing resources in the refrigerated goods department

Please make sure you provide a list of references to any published external material you refer to in your report.

Make sure your report is at least 2,250 words to prove you’ve done some work but I’m not reading it if it’s more than 2,750 words apart from the references. I will not waste time reading appendices. If you have something to say, say it in your report.

Our growing sales income has already enabled the Board to give employment to the Chief Executive’s son and I was frankly astonished to find that he has been assigned to the Finance department. As I am struggling to find any real use for his talents, I will be reading your report carefully for signs that you “need help” with financial

matters, in which case I will have no hesitation in sending young Tony to “help” you on a daily basis.

Best Wishes,


“Until a man dies, wait and until then never call him happy but only fortunate.” Herodotus

This email contains confidential information relating to Clark Casc Logistics plc. If you are not the intended recipient delete this email immediately.

Further information

As manager of the refrigerated goods division you are responsible for sales income from the transport of refrigerated goods.

Note that the figures above are for six months. You are required to provide a budget for a full year and not for six months only.

You are responsible for pricing and negotiating each contract. You have complete discretion over pricing and all refrigerated goods contracts must be signed by you or somebody authorised by you. You usually start by offering a price based on £0.22 per tonne per kilometre. However, if a prospective client has asked for sealed bids in a competitive bidding process you submit a bid priced at £0.19 per tonne per kilometre, which is approximately the average price you are able to negotiate with customers.

The sales income generated by your department over the past six months has been as follows:

 May 2021 £000June 2021 £000July 2021 £000August 2021 £000September 2021 £000October 2021 £000Total £000

As manager of the refrigerated goods division, you are responsible for the following costs:

Salaries and Associated Payroll Costs

In addition to the salaries below, Clark Casc is required to pay Employer’s National Insurance Contributions. Employer’s National Insurance Contributions are presently assessed as 13.8% of each employee’s salary, including bonuses but excluding the first £8,840 of the employee’s annual salary.

Clark Casc is also required to pay an additional 0.5% of total salaries, including bonuses, as an apprenticeship levy.

Clark Casc also contributes to an employees’ superannuation scheme. Clark Casc’s contribution is 8.5% of all staff salaries, including bonuses.

All of these costs are part of your budget.

Heavy Goods Vehicle Drivers:

You have 202 drivers earning an average base salary of £35,000 per year. Each driver can presently cover about 125,000 miles per year. Last year, all drivers also qualified for a bonus of 10% of base salary for accident-free driving and there have been no vehicle accidents this year.

Employer’s insurance is handled centrally and is not part of your department’s budget.

Refrigerated Goods Depot Operatives

You have 97 operatives working at you refrigerated goods depot, earning an average salary of £19,000 per year.

Administrative Staff

You have 11 administrative staff in the refrigerated goods department, earning an average salary of £27,000 per year.

Property Plant and Equipment Vehicles

Your department uses 151 heavy goods vehicles and 16 other vehicles, all of which are owned by Clark Casc. Each vehicle has an estimated useful life of 12 years in the company after which it can be resold for an estimated 10% of its original cost.

The average replacement cost of a heavy goods vehicle is presently £120,000 and the average replacement cost of other vehicles is £24,000 per vehicle. You are responsible for the cost of depreciation on these vehicles. Depreciation is to be charged at current replacement cost.

Vehicle Excise Duty

Vehicle Excise Duty varies from vehicle to vehicle but is an average of £560 per vehicle per year for heavy goods vehicles and an average of £220 per vehicle per year for other vehicles.

Vehicle Insurance

Your vehicle insurance costs average £2,400 per vehicle per year for heavy goods vehicles and £400 per vehicle per year for other vehicles.

Other Equipment

You have just completed a major exercise with the finance department to establish what equipment you are using at the refrigerated goods depot and in the office. The annual depreciation cost at current replacement cost for this equipment is £228,000.

Equipment insurance other than vehicle insurance is handled by another department and is not part of your budget responsibilities.

Buildings Depreciation

The depot and office which you occupy have a current replacement cost of

£3,500,000 and a useful life of 50 years. The land which they occupy has a current resale value of £600,000 and the scrap value of the building materials is estimated at

£100,000 at current prices. You are required to budget for depreciation on the buildings on a straight-line basis.

Buildings Maintenance

Buildings maintenance, including cleaning, is carried out by the in-house Buildings Maintenance Department and recharged to your department. It is a fixed cost and averages £7,000 per month.

Equipment Maintenance

Vehicle Maintenance

Clark Casc’s vehicle maintenance department is under separate management. You are responsible for booking the vehicles in your department in for repairs, routine maintenance and annual testing. You are also responsible for ordering the recovery of any vehicles which have broken down or been involved in accidents. All of these

services are managed by the vehicle maintenance department. There have been no motor vehicle accidents in your department in the last 18 months.

Vehicle maintenance is a semi-variable cost.

The vehicle maintenance costs charged to your department over the last six months have been as follows:

The sales income generated by your department over the past six months has been as follows:

 February 2021 £000March 2021 £000April 2021 £000May 2021 £000June 2021 £000July 2021 £000Total £000
Vehicle Maintenance Cost    106    107    108    108    109    110    648

Other Equipment Maintenance

Depot and office equipment maintenance is a fixed cost and averages £12,000 per month.

Fuel and Power Costs

Vehicle Fuel

Vehicle fuel is a semi-variable cost.

Total vehicle fuel costs for the last six months have been as follows:

 February 2021 £000March 2021 £000April 2021 £000May 2021 £000June 2021 £000July 2021 £000Total £000
Vehicle Fuel Cost  399  402  405  407  409  412  2,434

Other Power Supplies

Gas and electricity supplies to the depot and office are a fixed cost and average

£15,000 per month.

Staff Training

The cost of drivers’ training averages £1,225 per driver per year, including fees for Certificates of Professional Competence.

Depot operatives’ training costs average £225 per operative per year. Administrative staff training costs average £275 per person per year.

Other Costs

There are no other costs in your budget. All other costs, including legal costs, employer’s insurance, public liability insurance and insurance of buildings and non- vehicle equipment, are handled by other departments and you are not responsible for managing them.

Step Fixed Costs

You presently have enough drivers and vehicles to meet demand up to 140 million tonne kilometres per year (£26,600,000 sales income per year at £0.19 per tonne kilometre). To fulfil orders above this level you will need 2 extra drivers and 1 extra heavy goods vehicle for every 1.4 million extra tonne kilometres per year (£266,000 sales income per year at £0.19 per tonne kilometre).

Proposed New Depot

If sales exceed 150 million tonne kilometres per year (£28,500,000 sales income per year at £0.19 per tonne kilometre), your department will need a new depot of the same size and with the same number of depot operatives as the existing depot and you will also need 3 additional administrative staff with salaries of £27,000 per year each. It will take 12 months to build a new depot and bring it into use and Clark Casc will have to pay the builders before it is complete.

You are responsible for deciding whether to make this extra investment in a new depot or not. You are not responsible for deciding on how to finance it. However, you have been told that further investments are required to make a return of at least 9% per annum and that this is to be used as the discount rate in any discounted cash flow calculations.

Additional Information

You are the manager of the refrigerated goods department and you have full access to any additional information required. If more information is required from a published, broadcast or webcast source, you must present that information with a proper reference in the normal referencing format required in the business school. If further information would be required from internal sources at Clark Casc, you must create that information yourself for use in drawing up your report and provide your own indication of internal sources.

You must not present a report which concludes that information is incomplete, or that further information is required or which recommends that further information is obtained. This would be a clear indication that you have not completed your report as required.


Write your report, addressed to the Managing Director of Clark Casc and containing the following sections, as directed in the Managing Director’s email. Submit your report in the Turnitin dropbox.

1.     Introduction
  • Budgeting Approach
3.     Relevant Calculations, including any investment appraisal
  • Proposed Income and Expenditure Budget
5.     Conclusion
  • Recommendations
7.     References

Your report must be between 2,250 and 2,750 words in length excluding references.

Do not include an executive summary. Appendices are not permitted.

  • Project 1 Submission Guidelines
Length2,500 words, +/- 10% (excluding references, graphs, charts and numbers in tables.
PresentationArial 12 fonts, 1 ½ spacing.
ReferencesAll references must use the APA Referencing Style and the Napier house style as shown in the library referencing guide.
  • Marking criteria and weights
Report Title, Addressee and Introduction (section 1)5%
Investment Appraisal Approach (section 2)10%
Investment Appraisal (section 3)10%
Budgeting Approach (section 4)10%
Relevant Calculations and Budget, including any investment appraisal (sections 5-6)35%
Conclusions and Recommendations (sections 7-8)20%
Presentation and Referencing (references in American Psychological Association (APA) Format in Edinburgh Napier house style)10%
Order Now

Get expert help for Business Economics and Finance in a Global Environment Project 2 Assessment and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (February 1, 2023) Business Economics and Finance in a Global Environment Project 2 Assessment. Retrieved from
"Business Economics and Finance in a Global Environment Project 2 Assessment." Universal Assignment - February 1, 2023,
Universal Assignment August 2, 2022 Business Economics and Finance in a Global Environment Project 2 Assessment., viewed February 1, 2023,<>
Universal Assignment - Business Economics and Finance in a Global Environment Project 2 Assessment. [Internet]. [Accessed February 1, 2023]. Available from:
"Business Economics and Finance in a Global Environment Project 2 Assessment." Universal Assignment - Accessed February 1, 2023.
"Business Economics and Finance in a Global Environment Project 2 Assessment." Universal Assignment [Online]. Available: [Accessed: February 1, 2023]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

Assessment 4: Tableau Dashboard and Report

Issued:                Monday of Week 4 Due:                     11:59PM (local Time) Wednesday of Week 7 Weight:                60% Report Length: 1500 – 4000 words + Tableau *.twbx file Overview During this assessment you will produce an interactive Tableau Dashboard and an accompanying report detailing the planning of the Tableau Dashboard. Background Tableau dashboards

Read More »

Assessment 3: Critical Review of a Tableau Dashboard

Issued:                Monday of Week 1 Due:                     11:59PM (local Time) Sunday of Week 5 Weight:                20% Length:               5-10 minutes (approx. 500-3000 words) Overview During this assessment you will produce a video presentation critically reviewing a Tableau dashboard from a design planning and communication perspective. Background Tableau dashboards are used extensively for

Read More »

Wireless Communication Engineering Assignment Help

Looking for Wireless Communication Engineering Assignment Help? If you are looking for wireless communication engineering assignment help, just get it quickly online! The good news is that you no longer need to chase your professors around with confusion about assignments. Nor do you have to stress out as chase that

Read More »

Assessment 2: Planning and Creating Static Visualisations

Due:                     11:59PM (local Time) Sunday of Week 3 Weight:                20% Length:                1000-2500 words Overview During this assessment you will produce written report detailing the planning and creation of three static visualisations derived from a data table. In this assessment, the quality of the presented visualisations is not assessed, only the

Read More »

Nursing Healthcare Case Study Assignment Help

ASSESSMENT ITEM 2: DESCRIPTION Shared decision-making is a model for clinical practice which includes patients’/clients’ values and preferences and supports them to make decisions about their own care and treatment options in collaboration with their healthcare team (Geddis-Regan et al., 2020). A patient’s/client’s culture affects the way they understand health

Read More »

BSBCRT311 Apply Critical Thinking Skills in a Team Environment

Table of Contents Table of Contents…………………………………………………………………………………………………………………. 3 About the Business Services Training Package…………………………………………………………………………………………………………………. 4 About this Unit of Competency……………………………………………………………………………………………………………… 6 Chapter 1: Prepare to Address Workplace Problem…………………………………………………………………………………………………………………. 7 ………………………………………………………………………………………………………………………………………… 8 Key Points: Chapter 1…………………………………………………………………………………………………………….. 30 Chapter 1 – ‘True’ or ‘False’ Quiz……………………………………………………………………………………………………………. 31 Chapter 2: Evaluate Solutions for Workplace Problem…………………………………………………………………………………………………………………

Read More »

BSBCRT311 Apply critical thinking skills in a team environment

WORKPLACE PROJECT TASK   Student details  Student name  Student email address  Assessment Details  About this task  This workplace project requires you to use critical thinking to resolve two typical problems in the workplace.   This assessment includes the following tasks:  Task 1: Workplace Problems  Task 2: Self-reflection  You will need 2 participants who

Read More »

BSBCRT512 Originate and Develop Concepts

Contents Section 1: Scoping a relevant issue. 5 Section 2: Generating and evaluating solutions. 8 Section 3: Concept finalisation. 11 Student name:   Assessor:   Date:   Business or Community/Social group this assessment is based on:   Documentation reviewed as preparation:   Job role assumed for this assessment:   Section

Read More »

EMS5RCE – Risk Engineering (2022)

Assignment 2 Due Date: 13th February 2023, 23:59PM 1        Outline You have been tasked to evaluate the risks associated with moving from a traditional construction method for constructing concrete formwork (such as precast), to an advanced method that will be designed to take advantage of additive and/or automated and digital

Read More »

NIT3171 ICT Business Analysis & Data Visualization

Individual Assignment – Business Analysis Case Study (Stage II – 35 marks weighing 35%) Report Submission Date (through the dropbox): (10% will be deducted for each day of delay) Presentation (5 minutes each) 10 Marks: In this assignment, a Melbourne housing dataset is given to you to apply data mining

Read More »

HSC ECONOMICS The Global Economy

HSC ECONOMICS  Assessment Notification: Task 1 Subject: Economics Topic The Global Economy Nature of Assessment Task Oral presentation with a written component Weighting 25% Teacher Ms R Ali Date of Notification Term :4 Week 5A  (2022) Due Date Term 1 (2022), Week 7A,Friday (written component) and Week 8B(Oral component)  

Read More »

Behaviour & Environment Case Study

Section 1: Overview of Issue of Human-Environment Relations & Proposed Intervention (Delete this and enter your text for this section here) Section 2: Identify all key stakeholders: (Delete this and enter your text for this section here) Section 3: Explain how the Intervention Strategy should be implemented (Delete this and

Read More »

Assignment BMSC Pharmacology Breakdown

  Section Word Limit Marks Research Time Writing Time Description Clarity N/A 5 10 mins 1 hr sentence structure; typographical errors; scientific style Reference N/A 5 20 mins 40 mins correct use of referencing style and in text citations; typically 5-10 references depending on the topic/experimental platform and drugs used

Read More »

Assessment Task 3: Portfolio Output 3

This task requires you to create a blog post and a 3-4 minute edited video that critically and creatively responds to one of the Digital Media Contexts from weeks 7-10 (this must be a different topic from what you chose for Portfolio Output 2). Your video is to be embedded

Read More »

Formulae Sheet

Formulae Sheet Current ratio Current assets Current liabilities     Quick ratio or acid test Cash + marketable securities + net receivables Current liabilities     Current cash debt coverage Net cash provided by operating activities Average current liabilities     Receivables turnover Net sales Average net trade receivables  

Read More »

Cashflow and Financial Analysis

Assessment Task: 20% Cashflow and Financial Analysis – Template IMPORTANT:  Preparing the cashflow statement and financial analysis template. The template is prepared to satisfy all the assignment business’s so there may be extra line items in the template. To submit the cash flow statement, you need to use the template

Read More »

Cashflow and Financial Analysis – Ship’em In&Out

Assessment Task: 20% Cashflow and Financial Analysis – Ship’em In&Out IMPORTANT:  Preparing the cashflow statement and Financial analysis To submit the cash flow statement, you need to use the template document in CANVAS. The template is prepared to satisfy all the assignment business’s so there may be extra line items

Read More »

Pros and Cons of Chat GPT Assignment Help

How great is Chat GPT Assignment Help? Chat GPT Assignment help is definitely an incredible possibility for students. It is a technological advancement that can generate essays and articles on a massive range of topics. Moreover, you can just ask any question, and you will get your answer right away.

Read More »

Question 10 – REPORTS

Complete the table below, by listing three types of financial reports that are produced in your workplace. Type of Report Content of Report Frequently of Report                  

Read More »


Work through the following table and indicate whether each record should be kept or destroyed. Detail the reason for your answer and how long the record should be kept (for example, legislation requirement – retain for five years). Record Keep – Yes or No Reasons Suppliers Invoices     Employee

Read More »


Using the following information, complete the Business Activity Statement, you may need to refer to the ATO website to help you complete. Download and complete the Business Activity Statement (BAS). It can be found separately on the course page.

Read More »


AVERAGE Activity 5.1 – Break-even Answers A. B.   Manage 8 Buildings Manage 10 Buildings Manage 15 Buildings Manage 20 Buildings Manage 25 Buildings Income           Less Variable Costs           Less Fixed Costs           Total Cost    

Read More »

Question 3 – Depreciation

You are the Licensee-In-Charge of Hope & Murphy Real Estate and wish to purchase computers for your new office in the CBD. Using the information below: Office fit out                      $120,000 Assets effective Life          4 years Purchase Date                  1st July STRAIGHT-LINE METHOD CALCULATION Years 1 to 4 – JOURNAL ENTRIES DEPRECIATION                                               

Read More »


Please note: Editing has been restricted in this document. From the information provided below, complete the following table: Account Name Classification Profit & Loss or Balance Sheet Amount Pay Superannuation Expense Profit & Loss $117,325 Pay Mobile Phone     $7,500 Pay Office Rent     $65,000 Land & Buildings

Read More »


Worlducation is a social startup that manufactures tablet computers for primary school students. They not only focus on the hardware, but they also have a competitive team creating software, content and activities to better engage and educate the students. Worlducation aims to change the way children learn at school by

Read More »

Can't Find Your Assignment?

Open chat
Free Assistance
Universal Assignment
Hello 👋
How can we help you?