financial opearations

Module Title: Managing Financial Resources

Subject Area: Accounting and Finance

Contents Page

Task 1………………………………………………………………………………………………………………………..Pg3

Task 2………………………………………………………………………………………………………………………..Pg4

Task 3………………………………………………………………………………………………………………………..Pg5

Task 3 Continued……………………………………………………………………………………………………….Pg6

Task 3 Continued……………………………………………………………………………………………………….Pg7

Task 3 Continued ……………………………………………………………………………………………………….Pg8

Task 3 Continued……………………………………………………………………………………………………….Pg9

Task 3 continued………………………………………………………………………………………………………Pg10

Task 4………………………………………………………………………………………………………………………Pg11

Task 5………………………………………………………………………………………………………………………Pg12

Task 6………………………………………………………………………………………………………………………Pg13

Workings out……………………………………………………………………………………………………………Pg14

Workings out continued……………………………………………………………………………………………Pg15

Workings out continued……………………………………………………………………………………………Pg16

Workings out continued……………………………………………………………………………………………Pg17

References and Bibliography…………………………………………………………………………………….Pg18

References and Bibliography…………………………………………………………………………………….Pg19

Task 1)

Thomas Cook Group is one of the world's largest leading leisure travel companies with sales almost reaching 10 billion and with over 20 million customers. (www.hemscottir.com)They operate under 6 geographic segments in 22 countries worldwide:

- UK, Ireland, India and the Middle East

- Central Europe

- West and East Europe

- Northern Europe

- North America

- Airlines Germany

Thomas cook specialise's in 'Luxury and Package holidays deals' and also offer additional services such as currency exchanges and insurances. Starting out in 1841 former Baptist Thomas Cook began by organising excursions for the upper class and Sunday school children by rail, which then moved forward to the first "air package" holiday in the mid 1900's.

English: Travel agents in The Square at Horndean

English: Travel agents in The Crescent

English: Travel agents in Wellington Way

Thomas cook is one of four leading travel agents, with its main high street competitor being Thomson Holidays (TUI); however there are many others in the market such as First Choice and Virgin Holidays. Thomson holidays have reported to have sold over 5 million holidays last year, however with the likes of internet distributors and low cost airlines becoming more appealing to consumers, how long can travel agents survive? In today's climate luxury package holiday prices are increasing 20-30% per year, and with the average family living off £161.00 per week, (www.telegraph.co.uk) the ability to easily search for destinations, find good deals, and be able to research the surroundings at the convenience of the internet at home or at work, is becoming the top predator...