Assessment 1 and 3 physical resources

Assessment 1 – Project

Question 1

Physical resources are the resources that are made by man through his abilities and skill. The buildings, technology, and many more products that are made by man is an example of physical resources. This resource helps organisational daily activities become easy.

The different types of physical assets are:

Cash – cash and other financial items are also considered physical assets because cash is tangible.

Equipment – any equipment that can be sold for cash are considered physical assets. Equipment such as computers, printers, telephone systems and other industry specific equipment are physical assets.

Inventory – stock and supplies are the main inventories that these businesses have.

Properties – any properties such as warehouses, retail locations or manufacturing plants are considering physical assets.

Question 2

Question 3

The format and Inclusions of an Asset Register are:

Asset Identification Number

Description of asset

Quantity of each asset

Manufacturer or Supplier of each asset

The warranty expiration date of each asset

Date the Asset was Received

Cost of asset

Date the asset was used

Assets depreciation method

Asset current value

Assets current location of storage

Date of disposal

Question 4

Question 5

Straight-Line Depreciation

This is the most simplest depreciation because it is very easy to calculate and monitor. The easiest example to use is a car with a straight-line depreciation for $2000 each year. This means that every year, the car will depreciate or lose value by $2000. So in 5 years, the car will have depreciated in value by $10,000.

Double Declining Depreciation

This is generally when the depreciation amount doubles each year. This is a type of accelerated depreciation and means that the value of the product reduces very quickly. So if the products value depreciates by $2000 the first year. This will mean that the second year depreciates by $4,000. The 5th year, it will depreciate by $32,000 and a total of $62,000.

Composite Depreciation

This is similar to straight-line depreciation however can be used for more than one physical asset.

Question 6

Sustainability is a very effective way of saving money, by reducing the amount of resources used. The most common example would be reducing the amount of energy consumed to save money on electricity bills.

Buy things like energy saving light bulbs

4-5 star energy rating appliances

Use less paper and send emails more

Turn off lights and electronics when not using them

Recycling paper, plastics, glass, metal, electronics

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Assessment 3 – Case Study

Physical Assets Register Table

Maintenance Implementation Schedule

Financing options

10 points for the sustainability policy

The scope of the sustainability policy is to:

Provide a framework for environmentally sustainable and responsible practices, activities, and operations at the restaurant

This policy will be implemented with the help and support of the Environment Sustainability Initiative to ensure that the restaurant meets its environmental legislation and regulatory obligations.

Gather Information

3 pillars of Sustainability

Society

Environment

Economy

Ways of reducing wastage

Monitoring water usage

Electricity usage

Insulation

Purchasing more efficient appliances that require less energy to run

Recycle any reusable products

Consultation with Stakeholders

During the consultation we identified that The restaurant also uses utilities like water, energy, money etc. Therefore, the resources that the restaurant uses are:

Water – water is used for cleaning equipment. Also used for consumption.

Electricity – for lights – appliances etc.

Drinks – coke, water, alcohol drinks

Money – money for paying supplies and utilities etc.

Labour – hiring the labour such as the teachers, front office, janitor

Draft Sustainability Policy

Restaurant Sustainability Policy

The following principles support the Restaurant Environmental Sustainability Policy in undertaking our commitment towards environmentally sustainable campuses:

Incorporating sustainability principles into all restaurant activities and decision making at all levels

Identifying alternative and sustainable courses of action to minimise the restaurant‘s environmental impact

Creating and promoting an environmentally sustainable and responsible culture across the community

Setting rolling, sustainable and feasible targets to reduce the restaurant’s environmental impact and use of resources

Committing to continuous improvement of environment performance at the restaurant

The intent of this policy is to take advantage of current research and the knowledge of the restaurant to improve the environmental sustainability of restaurant.

This sustainability policy operates to reduce the following resources:

Water

Waste

Energy

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