Two former secretaries have set up a secretarial and book-keeping service on a local trading estate. It offers basic services to the small companies on the estate. The major expense is the salaries of the two partners, and one employee, a word processing operator. Overheads include office rent and rates, and the maintenance of office equipment such as computers, fax machine, answerphone, etc. There is also the interest on the bank loan used to buy equipment. The organisation is really offering Ă˘â‚¬ËśtimeĂ˘â‚¬â„˘, carrying out routine tasks. They calculate the overheads are Ă‚ÂŁ15 200 per annum, the employee is paid Ă‚ÂŁ6000 (including employee related costs) and the two partners draw Ă‚ÂŁ1000 per month each. Total running costs for stationery, telephone bills, postage are a further Ă‚ÂŁ10 000, giving a total Ă‚ÂŁ55 200 per annum.
There are 230 working days per year if we eliminate weekends and holidays. But no one works at 100 per cent; 80 per cent is still good, so if we assume days each (80% Ă‚Â 230) for the three productive workers there are 552 working days each year. To just break even they
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You wonâ€™t have to worry about the quality and deadlinesOrder Paper Now