Business and the law in a cleaner world
Article Abstract:
Recent UK and European Community legislation concerning the environment will have a great impact on the conduct of business in the UK, including the Water Act 1989, which creates the National Rivers Authority, and the draft Environmental Protection Bill, which will integrate pollution control, regulate air pollution and waste disposal, and consolidate and revise the definition of statutory nuisances. Businesses must become educated as to the new regulatory regime in order to become familiar with the new rules. A significant aspect of environmental regulation will be cost recovery charges in most pollution control regimes, which can be quite substantial. Businesses not complying with regulatory regimes can be held directly liable. Businesses dealing with waste must examine their contractural documentation to see if they have civil liability and all businesses must have a heightened awareness of due diligence in the areas of business acquisitions and bank finance.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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Stock control: how big is an order?
Article Abstract:
Companies wishing to reduce their stock holdings should avoid the commonly used Wilson formula for determining the most economic order quantity. Variances in order quantity affect the costs associated with average quantity stocked and the administrative costs associated with re-setting machines. The requirements for working capital and ordering costs can be met by coverage analysis. This technique allows companies to minimize the total value of inventory held in relation to all items stocked. Coverage analysis is carried out in two stages: determining the ordering policy to calculate the minimum total inventory value within a firm's present ordering capacity, and setting the total number of orders placed to minimize stock holding and ordering costs for all items.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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