[UNLOCK] Accounting Assignment

This assignment provides a comprehensive financial analysis of a company over 180 periods, with detailed information on revenues, costs, and profits. The table displays various financial metrics such as revenue, cost, profit, and total income for each period, allowing students to gain insights into the company's financial performance and operations.

Eco- Fone
SUMMATIVE
ASSESTMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
1.1 An Overview of the Mobile phone market in the UK...........................................................3
1.2 Forecasting the UK Adult Smartphone use...........................................................................3
1.3 Smartphones - A potential market for older customers........................................................4
1.4 Feasibility of Expanding business to Kingston using Pros and Cons table..........................4
1.5 Costs of a New Building and logos of eight commercial mortgage lenders in the UK........5
1.6 Testing the Possible Difference in Net Takings in the Two Shops.......................................8
1.7 Customer Satisfaction...........................................................................................................8
1.8 Quality Procedures..............................................................................................................10
CONCLUSION..............................................................................................................................10
REFRENCES ................................................................................................................................12
APPENDICES...............................................................................................................................13

INTRODUCTION
Smartphone is a division of mobile phone whose market is increasing day by day in faster
way. It is multi purpose device which include various features like Bluetooth, Wi-Fi, satellite
navigation, voice call, video call, gaming applications and many more. In united kingdom
smartphone selling get increased on quick basis (Schmitz, 2013). This report is based on Eco-
Fone who trade smartphone and accessories with two shops that are Putney and Richmond.
They establish there shop in 2014 and they are not dealing in selling of laptop and tables. This
report explain topics related to mobile phone market and its demand in United Kingdom market.
TASK
1.1 An Overview of the Mobile phone market in the UK
According to survey which is conducted by Deloitte on topic of mobile usage at United
Kingdom. The market of smartphone is increasing day by day with successful presence due to
this sales of smartphone is increasing by 1.5 billion on annual basis. In United Kingdom sales or
presence of smartphone is 58 percent in adult populations and researcher are expecting it will be
increase and reach to 90 percent by year 2020. This is so because majority of world population is
attracted towards smartphone and using it for daily work as well as workplace task. In United
Kingdom there are approx 33.5 millions peoples are working at a workplace form which 32
millions are using mobile phone at workplace. At workplace peoples use mobile phone for
emailing, messaging, voice calling, calendar management and many more. At united Kingdom
all age group peoples are using mobile phone (Premkumar and Nigel, 2015). Even old age
peoples are addicted towards the mobile phone they are also using it on regular basis.
1.2 Forecasting the UK Adult Smartphone use
According to survey 17 percent population of age group of 16 to 24 years use there
mobile phone 100 times daily and 12 percentage of same populations claim that they look there
phone at least 200 time on daily basis (Global mobile consumer survey, 2017). Whereas 34
percent of 16 to 75 years old peoples use there mobile phone every time and every where even
when they are eating with there family or at friend's home. Along with this 49 percent of 16 to 24
year populations do same things. 11 percent of age group of 16 to 75 years peoples use there
phone while crossing road and more than 53 percentage peoples do the same while they are
walking at road. This leads to major reason of accident or any misshaping occur at road now a

days. More over age group of 16 to 19 years, two third peoples check there phone while they
gone for sleep due to which they didn't able to take proper rest or sleep. That leads to obesity,
illness, weak eye sight and many more issues.
1.3 Smartphones - A potential market for older customers
For effective understanding of smart phone market, Eco- Fone management decide to
analysis articles related to increase in sales of smart phone within old age customers. In United
Kingdom old age peoples are more attracted towards mobile phone as compare to young peoples.
For this they select BBC news articles which is mentioned below:-
According to the articles written by Leo Kelion, sales of smartphone is increasing day by
days in United Kingdom market mostly among old age peoples who lies between 55 to 57 years.
This will shows that 71 % of this age group now a days own smart phone or application capable
mobile sets. According to research old age peoples are adopting smartphone in faster rate in last
five years. But they use smartphone less as compare to young youth such as old age peoples use
there phone within time duration of 15 minutes of walking. When compare in percentage 50 %
old age peoples has there face book account whereas 70 % is a figure of all young adults
(Smartphone sales boom with over-55s, 2019). Use of mobile phone also increase and encourage
payment through mobile phone which is consider as safe and easy. Modern smart mobile sets
have large screen which is appropriate for old age peoples eyes sights and they can enlarge
figures or words according to need. According to researcher suggestion company must develop
phone which have feature of picking up phone by look at it not sliding screen or pressing button
and this suggestion is like by old age customers .
1.4 Feasibility of Expanding business to Kingston using Pros and Cons table
Should we expand
business
Yes, Eco- Fone can expand there business in marketplace of
Kingston.
Pros Score/10 Cons Score/10
When respective
company expand there
business in Kingston
they able to enlarge
there customers base
(Chang, Shen and Liu,
2016).
7 For expand business in
Kingston Eco- Fone has
to arrange huge amount
of funds or capital, so
that they operate
business in effective
manner.
8

By expansion of
business at Kingston
market visibility of
respective company
brand increase.
8 Expanding business in
Kingston market
develop various issues
like time and local
government policies and
regulations.
7
When respective
company expand
business in Kingston
market they able to
understand new culture
and also able to hire
new talented employees
know is aware about
local market in
appropriate manner.
8 Language also become
big barriers for Eco-
Fone to operate business
in Kingston market
which affect business
operations and fucntions
(Bagga, Noseworthy and
Dawar, 2016).
6
Customer base and
profitability of a Eco-
Fone will increase when
they in large there
business at Kingston
marketplace.
8 When respective
company expand there
business at Kingston
market there will be
enhance in completion.
That will affect business
directly and indirectly.
8
Total Pros 31/40 Total Cons 29/40
Average Pros 0.76 Average Cons 0.72
1.5 Costs of a New Building and logos of eight commercial mortgage lenders in the UK
Commercial Mortgage is a type of mortgage loan which is bonded by commercial
holding like shopping mall, building for office, warehouse of company, apartments and many
more. This loan is mainly for long duration like 20 years or more. In United Kingdom there are
numerous of commercial mortgage loan lenders, some major of them with name and logo are
mentioned below:-
1.THINK Business Loans Commercial Mortgages:-
2. B2Bfinance.com Commercial Mortgages:-

3. NatWest Commercial Mortgages:-
4. Royal Bank of Scotland Commercial Mortgages:-
5. Together Commercial Mortgages:-
6. Aldermore:-
7. InterBay Commercial:-

8. Greenfield Finance:-
Loan Amount £350000
Number of EMIs 180
Annual Interest Rate 0.07
Monthly Interest Rate 0.00583
Monthly EMI Payment £3145.90
Total Loan Amount Payable £566261.81
Total Interest Payable £216261.81

1.6 Testing the Possible Difference in Net Takings in the Two Shops
While a company is calculating net taking they must take care or ensure that there
standard deviation must be less because it leads to profitable situations. Standard deviation is
represent the actual difference between mean and desire outcome. Therefore having more
variance between mean and standard deviation leads to affect reliability and validity of
strategies. So it is responsibility of manager and leader to develop strategies and plans which
reduce gaps between actual outcome and standard outcome. If they not create appropriate
strategy then standard deviation outcome will increase which is not appropriate and good for an
organization profitability and market shares.
As Eco-Fone's offers mobile phones and accessories on discounted rates on this two retail
shops, where first shop gains profitability mean as 100 Euro and another shop as 90 Euro. But
both has taken a same sample size i.e. 40 on net daily takings, where standard deviation of both
shops is measured as £20 and £40, respectively. Therefore, it has interpreted from this analysis
that shop first has gained more profitability as compared to another. Because with increase of
sample size and mean, variability is expected to be decreased. But here in first case, with sample
size 40 and mean £100, standard of variation is £20. While, another shop on same sample size
has got less mean but high variability. Therefore, both shops didn't take the same net takings or
net profitability, in terms of reliability and validity. So, second shop needs to rebuild its offer
strategy on discounted rates (Abramovici, 2014).
1.7 Customer Satisfaction
1. When was the last time you purchased a product or services from us?
 Within the last month
 Between 1 month and 3 month
 Between 3 and 6 month
 Between 6 month and 1 years
 More than 1 year
 Never
2. How long have you used our products/ services?
 Fewer than 6 months
 Between 6 months and 1 year

 Between 1 and 3 years
 Between 3 and 5 years
 More than 5 years
 Never
3. Please rate us on the following (4- Excellent; 3- Good; 2- Fair; 1- Poor)
Basis 4 3 2 1
Customers service/ support
Quality of products/ services
Sales Staff
Price/ Value
4. How would you rate your overall satisfaction with us?
 Very satisfied
 Satisfied
 Neutral
 Dissatisfaction
 Very Dissatisfied
5. How likely are you to continue doing business with us?
 Very Likely
 Likely
 Neutral
 Unlikely
 Very Unlikely
6. How likely are you to recommend our products/ services to others?
 Very Likely
 Likely
 Neutral
 Unlikely
 Very Unlikely

7. Please suggest how we can improve our products/ services to better serve you.
Company must improver there customers service or support system so that customer's issues
will easily and quickly.
*Here correct answers are market in yellow colour.
Interpretation:- Respective company do market analysis by adopting questioners
method and they find that customers like there products but there are some factors which is
reducing there loyalty. Customers also give suggestions regarding Eco- Fone customers services
that they must improve it. Along with this customers like to suggested respective company
products to other.
1.8 Quality Procedures
Passion distribution refers to distribution in statistical form which shows how many time
a particular event will occur in a specific time period. It use in an organization when a particular
work or task is conducted on a regular basis within a particular time period. It has various
characters such as it refer to distribution which is discrete. In this each task or occurrence is
different from another task and evaluation of that task is one for a particular time duration.
By conducting evaluation it can be analysis that two return cheque average is an error which is
according to per month and it can be retained due to an average that is in past two months. An
average can be calculated through cumulative frequency of acquiring cheques from an individual
(Haberman, 2015). In this there is a probability of matching quality sureness process which is
done with more than three invoices that can distinguished percentage rate of a return invoice for
Eco- Fone company.
CONCLUSION
From the above discussed topic it can be conclude and analysis that smartphone market is
increasing day by day in United kingdom. Along with this old age peoples who are between 55
to 57 years old more attracted toward smart phone as compare to young peoples. When a
company expand there business in new country or location they do evaluation and analysis of
market by calculating pros and corns of expanding business. If they find pros points more then
corns then company will decide and develop strategies accordingly. If they find outcome is
appropriate as well as effective they will expand business in that particular marketplace.
Company also do evaluation of feedback which they take from customers by using

questionnaires. Then according to feedback company do innovation in the products and services
which help them in attracting customers and retaining them in effective manner. If a company
expand there business they have to develop budget so that they can allocate resources in effective
and proper manner. It is essential for a company to do analysis of all the resources, budget,
requirement and many more while expanding there business in new market. They should also
design products and services according to demand and need of particular location or country
customers.
REFRENCES
Books and journals

Schmitz Weiss, A., 2013. Exploring news apps and location-based services on the
smartphone. Journalism & Mass Communication Quarterly. 90(3). pp.435-456.
Chang, S.E., Shen, W.C. and Liu, A.Y., 2016. Why mobile users trust smartphone social
networking services? A PLS-SEM approach. Journal of Business Research. 69(11).
pp.4890-4895.
Bagga, C.K., Noseworthy, T.J. and Dawar, N., 2016. Asymmetric consequences of radical
innovations on category representations of competing brands. Journal of Consumer
Psychology. 26(1). pp.29-39.
Premkumar, K. and Nigel, K.G.J., 2015, March. Smart phone based robotic arm control using
raspberry pi, android and Wi-Fi. In 2015 International Conference on Innovations in
Information, Embedded and Communication Systems (ICIIECS) (pp. 1-3). IEEE.
Thomas, J.G. and Bond, D.S., 2014. Review of innovations in digital health technology to
promote weight control. Current diabetes reports. 14(5). p.485.
Koch, S. and Kerschbaum, M., 2014. Joining a smartphone ecosystem: Application developers’
motivations and decision criteria. Information and Software Technology. 56(11).
pp.1423-1435.
Abi Ghanem, D. and Mander, S., 2014. Designing consumer engagement with the smart grids of
the future: bringing active demand technology to everyday life. Technology Analysis &
Strategic Management. 26(10). pp.1163-1175.
Pan, J., Superior Communications, Inc., 2016. Case for mobile phone. U.S. Patent D746,801.
Haberman, Z.C. and et.al., 2015. Wireless smartphone ECG enables large‐scale screening in
diverse populations. Journal of cardiovascular electrophysiology. 26(5). pp.520-526.
Abramovici, M., 2014. Smart products. CIRP Encyclopedia of Production Engineering, pp.1-5.
Online
Smartphone sales boom with over-55s. 2019.[Online]. Available
through<https://www.bbc.com/news/technology-41319684>.
Global mobile consumer survey. 2017.[Online]. Available
through<http://192.168.1.18/projectfiles/internal_chat_attatchment/
deloitteglobalmobileconsumersurvey2017_ukcut1552049277.pdf>.
APPENDICES
Period EMI Interest Principal Balance
0 £ 350000.00

1 £ 3145.90 £ 2041.67 £ 1104.23 £ 348895.77
2 £ 3145.90 £ 2035.23 £ 1110.67 £ 347785.09
3 £ 3145.90 £ 2028.75 £ 1117.15 £ 346667.94
4 £ 3145.90 £ 2022.23 £ 1123.67 £ 345544.27
5 £ 3145.90 £ 2015.67 £ 1130.22 £ 344414.05
6 £ 3145.90 £ 2009.08 £ 1136.82 £ 343277.23
7 £ 3145.90 £ 2002.45 £ 1143.45 £ 342133.78
8 £ 3145.90 £ 1995.78 £ 1150.12 £ 340983.66
9 £ 3145.90 £ 1989.07 £ 1156.83 £ 339826.84
10 £ 3145.90 £ 1982.32 £ 1163.58 £ 338663.26
11 £ 3145.90 £ 1975.54 £ 1170.36 £ 337492.90
12 £ 3145.90 £ 1968.71 £ 1177.19 £ 336315.71

13 £ 3145.90 £ 1961.84 £ 1184.06 £ 335131.65
14 £ 3145.90 £ 1954.93 £ 1190.96 £ 333940.69
15 £ 3145.90 £ 1947.99 £ 1197.91 £ 332742.77
16 £ 3145.90 £ 1941.00 £ 1204.90 £ 331537.87
17 £ 3145.90 £ 1933.97 £ 1211.93 £ 330325.95
18 £ 3145.90 £ 1926.90 £ 1219.00 £ 329106.95
19 £ 3145.90 £ 1919.79 £ 1226.11 £ 327880.84
20 £ 3145.90 £ 1912.64 £ 1233.26 £ 326647.58
21 £ 3145.90 £ 1905.44 £ 1240.45 £ 325407.13
22 £ 3145.90 £ 1898.21 £ 1247.69 £ 324159.43
23 £ 3145.90 £ 1890.93 £ 1254.97 £ 322904.47
24 £ 3145.90 £ 1883.61 £ 1262.29 £ 321642.18

25 £ 3145.90 £ 1876.25 £ 1269.65 £ 320372.52
26 £ 3145.90 £ 1868.84 £ 1277.06 £ 319095.46
27 £ 3145.90 £ 1861.39 £ 1284.51 £ 317810.96
28 £ 3145.90 £ 1853.90 £ 1292.00 £ 316518.95
29 £ 3145.90 £ 1846.36 £ 1299.54 £ 315219.41
30 £ 3145.90 £ 1838.78 £ 1307.12 £ 313912.30
31 £ 3145.90 £ 1831.16 £ 1314.74 £ 312597.55
32 £ 3145.90 £ 1823.49 £ 1322.41 £ 311275.14
33 £ 3145.90 £ 1815.77 £ 1330.13 £ 309945.01
34 £ 3145.90 £ 1808.01 £ 1337.89 £ 308607.13
35 £ 3145.90 £ 1800.21 £ 1345.69 £ 307261.43
36 £ 3145.90 £ 1792.36 £ 1353.54 £ 305907.89

37 £ 3145.90 £ 1784.46 £ 1361.44 £ 304546.46
38 £ 3145.90 £ 1776.52 £ 1369.38 £ 303177.08
39 £ 3145.90 £ 1768.53 £ 1377.37 £ 301799.71
40 £ 3145.90 £ 1760.50 £ 1385.40 £ 300414.31
41 £ 3145.90 £ 1752.42 £ 1393.48 £ 299020.83
42 £ 3145.90 £ 1744.29 £ 1401.61 £ 297619.22
43 £ 3145.90 £ 1736.11 £ 1409.79 £ 296209.43
44 £ 3145.90 £ 1727.89 £ 1418.01 £ 294791.42
45 £ 3145.90 £ 1719.62 £ 1426.28 £ 293365.14
46 £ 3145.90 £ 1711.30 £ 1434.60 £ 291930.54
47 £ 3145.90 £ 1702.93 £ 1442.97 £ 290487.57
48 £ 3145.90 £ 1694.51 £ 1451.39 £ 289036.18

49 £ 3145.90 £ 1686.04 £ 1459.85 £ 287576.32
50 £ 3145.90 £ 1677.53 £ 1468.37 £ 286107.95
51 £ 3145.90 £ 1668.96 £ 1476.94 £ 284631.02
52 £ 3145.90 £ 1660.35 £ 1485.55 £ 283145.47
53 £ 3145.90 £ 1651.68 £ 1494.22 £ 281651.25
54 £ 3145.90 £ 1642.97 £ 1502.93 £ 280148.32
55 £ 3145.90 £ 1634.20 £ 1511.70 £ 278636.62
56 £ 3145.90 £ 1625.38 £ 1520.52 £ 277116.10
57 £ 3145.90 £ 1616.51 £ 1529.39 £ 275586.71
58 £ 3145.90 £ 1607.59 £ 1538.31 £ 274048.40
59 £ 3145.90 £ 1598.62 £ 1547.28 £ 272501.12
60 £ 3145.90 £ 1589.59 £ 1556.31 £ 270944.81

61 £ 3145.90 £ 1580.51 £ 1565.39 £ 269379.42
62 £ 3145.90 £ 1571.38 £ 1574.52 £ 267804.90
63 £ 3145.90 £ 1562.20 £ 1583.70 £ 266221.20
64 £ 3145.90 £ 1552.96 £ 1592.94 £ 264628.25
65 £ 3145.90 £ 1543.66 £ 1602.23 £ 263026.02
66 £ 3145.90 £ 1534.32 £ 1611.58 £ 261414.44
67 £ 3145.90 £ 1524.92 £ 1620.98 £ 259793.46
68 £ 3145.90 £ 1515.46 £ 1630.44 £ 258163.02
69 £ 3145.90 £ 1505.95 £ 1639.95 £ 256523.07
70 £ 3145.90 £ 1496.38 £ 1649.51 £ 254873.56
71 £ 3145.90 £ 1486.76 £ 1659.14 £ 253214.42
72 £ 3145.90 £ 1477.08 £ 1668.81 £ 251545.61

73 £ 3145.90 £ 1467.35 £ 1678.55 £ 249867.06
74 £ 3145.90 £ 1457.56 £ 1688.34 £ 248178.72
75 £ 3145.90 £ 1447.71 £ 1698.19 £ 246480.53
76 £ 3145.90 £ 1437.80 £ 1708.10 £ 244772.43
77 £ 3145.90 £ 1427.84 £ 1718.06 £ 243054.37
78 £ 3145.90 £ 1417.82 £ 1728.08 £ 241326.29
79 £ 3145.90 £ 1407.74 £ 1738.16 £ 239588.13
80 £ 3145.90 £ 1397.60 £ 1748.30 £ 237839.83
81 £ 3145.90 £ 1387.40 £ 1758.50 £ 236081.33
82 £ 3145.90 £ 1377.14 £ 1768.76 £ 234312.57
83 £ 3145.90 £ 1366.82 £ 1779.08 £ 232533.49
84 £ 3145.90 £ 1356.45 £ 1789.45 £ 230744.04

85 £ 3145.90 £ 1346.01 £ 1799.89 £ 228944.15
86 £ 3145.90 £ 1335.51 £ 1810.39 £ 227133.76
87 £ 3145.90 £ 1324.95 £ 1820.95 £ 225312.80
88 £ 3145.90 £ 1314.32 £ 1831.57 £ 223481.23
89 £ 3145.90 £ 1303.64 £ 1842.26 £ 221638.97
90 £ 3145.90 £ 1292.89 £ 1853.00 £ 219785.97
91 £ 3145.90 £ 1282.08 £ 1863.81 £ 217922.15
92 £ 3145.90 £ 1271.21 £ 1874.69 £ 216047.47
93 £ 3145.90 £ 1260.28 £ 1885.62 £ 214161.84
94 £ 3145.90 £ 1249.28 £ 1896.62 £ 212265.22
95 £ 3145.90 £ 1238.21 £ 1907.69 £ 210357.54
96 £ 3145.90 £ 1227.09 £ 1918.81 £ 208438.72

97 £ 3145.90 £ 1215.89 £ 1930.01 £ 206508.72
98 £ 3145.90 £ 1204.63 £ 1941.26 £ 204567.45
99 £ 3145.90 £ 1193.31 £ 1952.59 £ 202614.86
100 £ 3145.90 £ 1181.92 £ 1963.98 £ 200650.88
101 £ 3145.90 £ 1170.46 £ 1975.44 £ 198675.45
102 £ 3145.90 £ 1158.94 £ 1986.96 £ 196688.49
103 £ 3145.90 £ 1147.35 £ 1998.55 £ 194689.94
104 £ 3145.90 £ 1135.69 £ 2010.21 £ 192679.73
105 £ 3145.90 £ 1123.97 £ 2021.93 £ 190657.80
106 £ 3145.90 £ 1112.17 £ 2033.73 £ 188624.07
107 £ 3145.90 £ 1100.31 £ 2045.59 £ 186578.48
108 £ 3145.90 £ 1088.37 £ 2057.52 £ 184520.95

109 £ 3145.90 £ 1076.37 £ 2069.53 £ 182451.43
110 £ 3145.90 £ 1064.30 £ 2081.60 £ 180369.83
111 £ 3145.90 £ 1052.16 £ 2093.74 £ 178276.09
112 £ 3145.90 £ 1039.94 £ 2105.96 £ 176170.13
113 £ 3145.90 £ 1027.66 £ 2118.24 £ 174051.89
114 £ 3145.90 £ 1015.30 £ 2130.60 £ 171921.30
115 £ 3145.90 £ 1002.87 £ 2143.02 £ 169778.27
116 £ 3145.90 £ 990.37 £ 2155.53 £ 167622.75
117 £ 3145.90 £ 977.80 £ 2168.10 £ 165454.65
118 £ 3145.90 £ 965.15 £ 2180.75 £ 163273.90
119 £ 3145.90 £ 952.43 £ 2193.47 £ 161080.43
120 £ 3145.90 £ 939.64 £ 2206.26 £ 158874.17

121 £ 3145.90 £ 926.77 £ 2219.13 £ 156655.04
122 £ 3145.90 £ 913.82 £ 2232.08 £ 154422.96
123 £ 3145.90 £ 900.80 £ 2245.10 £ 152177.86
124 £ 3145.90 £ 887.70 £ 2258.19 £ 149919.66
125 £ 3145.90 £ 874.53 £ 2271.37 £ 147648.30
126 £ 3145.90 £ 861.28 £ 2284.62 £ 145363.68
127 £ 3145.90 £ 847.95 £ 2297.94 £ 143065.74
128 £ 3145.90 £ 834.55 £ 2311.35 £ 140754.39
129 £ 3145.90 £ 821.07 £ 2324.83 £ 138429.55
130 £ 3145.90 £ 807.51 £ 2338.39 £ 136091.16
131 £ 3145.90 £ 793.87 £ 2352.03 £ 133739.13
132 £ 3145.90 £ 780.14 £ 2365.75 £ 131373.37