nails 4 u

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  • Created on: 25-05-11 14:56
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Unit 3
Financial Control
Case Study
Part 1
`Nails4u' is a sole trader which has been operating in Hackney for the last 2 years. The
manager of Nails4u requires the support of a Finance consultant to help the Business ensure
that they make a profit 2009. Nails4u offers fake nails as its only product and charges £16 for
the service to their customers.
Below are the number of customers that Nails4u predict that they will have for each month.
Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec

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In order to make sure that Nails4u can cater for all of the customers coming in then need to
order the manicure nails that they will be using on the customers. Their supplier charges them
£4.50 each for a set of nails that are used for the customers. They also have additional variable
costs of approximately 75p per customer for nail polish etc.
Nails4u has their premises on Hackney road. The cost of renting the shop is £1200 per
calendar month.…read more

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All sales are recorded on their till. The till receipt has the following information on it: customer
sales ID number, the cost of the transaction, the cash received and the change given. It also
has on it the date of the sale.
The manager is also responsible for keeping the Bank Account Records, cheques paid to
suppliers and for their overheads. The manager pays the bills by having set up a standing order
from their bank to the companies which they must pay.…read more


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