...Abstract This paper will determine the year-to-year percentage annual growth in total net sales for the Micro Chip Corporation. It will also determine if the company achieved its sales goal of +10% annual revenue growth in 2009. As well, it will determine the target revenue figure, and give an opinion if whether or not the company hit its target. In order to calculate these figures, this paper will consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008 and then use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009 by assuming a 15% tax rate and restructuring costs of 5% of the new sales figure. Micro Chip Corporation 1. Determine the year-to-year percentage annual growth in total net sales. To calculate the year to year percentage annual growth in total net sales, one would use this formula. (current year-previous year)*100/previous year = percentage annual growth in total net sales. Year Net Sales Percentage Growth 2004 $11,062 2005 $11,933 ($11,933 - $11,062) x 100 / $11,062 = 7.87% 2006 $9,181 ($9,181-$11,933) x 100 / $11933 = -23.06% 2007 $6,141 ($6,141-$9,181) x 100 / $9,181 = -33.11% 2008 $8,334 ($8,334-$6,141) x 100 / $6,141 = 35.71% 2. Based only on your...
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...data is also analyzed to allow internal and external comparison of the past and present performances to weigh future decisions on profitability potential against uncertainty and or risk. The financial data provided by Micro Chip Computer Corporation will be analysis to weigh past performances and determine future profitability. Financial Data Chart, Calculations, and Analysis In determining Micro Chip’s year-to-year percentage annual growth total net sales per fiscal period, we utilized the equation: (Next Year’s Net Sales – Last Year’s Net Sales) / Last Year’s Net Sales * 100. MICRO CHIP COMPUTER CORPORATION'S FINANCIAL DATA ANALYSIS | Fiscal Yrs. | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | Net Sales average | Net sales | $8,334 | $6,141 | $9,181 | $11,933 | $11,062 | $9,332 | Growth/Decline (rounded) | 36% | -33% | -23% | 8% | ---- | | Calculations: (2008 net sales of $8,334 - $6,141 of 2007 net sales) = $2,193/$6,141*100 = .357 or 36% growth in this operating period; 6,141 - 9,181/9,181 = -.3311 or -33% 2007-2006 depicts a decline in net sales; 9,181 - 11,933/11,933 = -.230 or -23% 2006-2005 also showed net sales declined; and 11,933 - 11,062/11,062 = .078 or 8% growth for 2005-2004 operating period. To calculate Micro Chip’s 10% growth projection for 2009, we use the profit forecast method: multiplying current 2008 net sales $8,334*1.10 = $9,167 profit projection for FY2009. Based on generated net sales between...
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...Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Sales $8,334.00 Cost of Sales $5,458.00 Gross Margin $2,876.00 Operating expenses: R & D $525.00 Selling, General, and Administrative $691.00 In-process R & D --------- Restructuring costs --------- Total Operating Exp $1,216.00 Operating income $1,660.00 Total interest and other Income net $194.00 Income before provision for Income taxes $1,854.00 Provision for income Taxes (15%) $278.10 Net income $1,575.90 Answer questions 1 and 2 below based on the financial data. 1. Determine the year-to-year percentage annual growth in total net sales. 2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target. 1. Determine the year-to-year percentage annual growth in total net sales. |Micro Chip Computer Corporation | |Fiscal Years |2008 |2007 |2006 |2005 |2004 | |Net Sales |$8,334 |$6,141 |$9,181 |$11,933 |$11,062 | |% Change ...
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...American InterContinental University FINA310-1301A-02: Professor Michael James Micro Chip Computer Corporation 1. To calculate the percentage growth, one must do the following: • Find the present year’s sales and the previous year’s sales. • Subtract the previous year’s sales from the present year’s sales. • Then, divide the answers by the previous year’s sales. • To turn it into a percentage, multiply the decimal by 100 (Brooks, 2010). With that being said, Net Sales for 2004 through 2008 are as follows: 2004: $11,062 2005: $11,933 (11933-11062)*100/11062=7.87% 2006: $9,181 (9189-11933)*100/11933= -23% 2007: $6141 (6141-9181)*100/9181= -33.11% 2008: $8,334 (8334-6141)*100/6141= 35.71% 2009: $9,167.40 (8334*.10) =833.4+8334=$9,167.40 2. The revenue that is expected for 2009 is $9,167.40. According to the annual percentage growth rate, it is not likely that the business will reach its sales prediction. For 2008, the business had a very large growth rate. This business had a small growth rate that was barely more than 2 % of the 10 % goal for 2005, and a somewhat strong negative growth for 2006 and 2007. The sales trend is pointing downwards. Following 2005, the average annual growth rate has been -3.15 % during the last 4 years. According to the financial data sheet, I do not feel that Micro Chip Computer Corporation will achieve a 10 % sales goal for 2009. 1. Current % of Sales 2008/2009 Prediction Sales $8,334-$10,000 Cost of Sales $5...
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...Intercontinental University FINANCIAL DATA P2 PART 1 In determining the year to year percentage of the annual growth in total net sales for Micro Chip Computer Corporation I decide to use the formula that I used is as followed I used the Percentage Sales Method and a 20 % increased with the sales to be able continue with the problem: 2004 $11,062 I will use this number along with 2005 2005 $11,933 (11,933-11,062) * (100/11,062) 71*100= 87,100/11,062= 7.87% 2006 $ 9,181 (9,181-11,933) * (100/11,933) -2,752*100= -275,200/11,933= -23.06% 2007 $ 6,141 (6,141- 9,181) *(100/ 9,181) -3,040*100= -304,000/6141= -49.50% 2008 $ 8,334 (8,334-6,141) * (100/6,141) 2,193*100= 219,300/6141= 35.71% 2009 $ 9,167 (9167-8,334) * (100/8,334) 833*100= 83,300/8334= 9.99%~10% Below I have added what the 2009 year will look like when all the numbers are plugged in used Microsoft Excel. FINANCIAL DATA P3 Micro Chip Computer Corporation Selected Financial Data with 2009 | | | | | | | Fiscal Years | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | Net Sales | 11062 | 11933 | 9181 | 6141 | 8334 | 9167 | Net Income(loss) |...
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...For selected financial statements for Micro Chip Computer Corporation click here . Answer questions 1 and 2 below based on the financial data. 1. Determine the year-to-year percentage annual growth in total net sales. 2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2005? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target. Next, consider Micro Chip’s Consolidated Statement of Operations for the year ended September 25, 2004 (click here to download) and answer questions 1 and 2.1. Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period September 26, 2004 through September 25, 2005. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure. 2. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable? To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at financial values. Students who are using Excel must provide an adequate explanation of the methodology used to arrive at that answer. 1. Determine the year-to-year percentage annual growth in total net sales. The year-to-year percentage is calculated by the following formula (Year2-Year1)/Year1 and the figure as a percentage. The calculation...
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...Grade Received - "B+" Click here to download the selected financial statements for Micro Chip Computer Corporation. Answer questions 1 and 2 below based on the financial data. Determine the year-to-year percentage annual growth in total net sales. Based only on your answers to question #1, do you think the company acheived its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target. Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008. Download the file here and answer questions 1 and 2. Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable? Fiscal Year 2008 2007 2006 2005 2004 Net Sales $8,334 $6,141 $9,181 $11,933 $11,062 Determine the year-to-year percentage annual growth in total net sales. Year Sales Growth Rate 2004 $11,062 2005 $11,933 (11933-11062)*100/11062 = 7.87% 2006 $9,181 (9181-11933)*100/11933 = -23.06% 2007 $6,141 (6141-9181)*100/9181...
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...- 1302B - 04 American Intercontinental University Abstract This paper will talk about accounting and forecasting and determine the year to year percentage annual growth in total net sales using a selected financial statement for Micro Chip Computer Corporation. Financial Management Determine the year-to-year percentage annual growth in total net sales. 2009 2008 2007 2006 2005 2004 Net sales x $ 8,334 $ 6,141 $9,181 $11,933 $11,062 % chance x 10.0% 35.7% -33.1% -23.1% 7.9% The year-to-year percentage is calculated by the following formula, first Year 2004 -Year 2005 divided by Year4 is calculated to figure the percentage. The above chart show each year percentage and % chance. Based only on your answers to question #1, do you think the company achieved its sales goal of +10% annual revenue growths in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target. The sells goal for 2008 came to 8,334, so to get your answer to answer you have to look at the growth rates in the previous years. The sales rates were crashing in 2006 and 2007, and both sell growth rates were negative. The company was positive 35.7% in 2008 so it seems the company has improved and will continue to grow in 2009 and 10% rate of can be achieved...
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...Brief Overview of Company Kettle Chips UK (2010) explains that in 1978 “Cameron Healy founded Kettle Foods in Salem, Oregan, USA with the aim of providing high quality, naturally sourced products.” They then go on to tell how in 1987 Cameron discovered that the British loved crisps, encouraging him to establish Kettle Foods in the UK, one year later Kettle Foods in the UK was launched in Norfolk – in order to be as close as possible to potato growers. They also state how in 2008 they were not only “…the 6th fastest growing grocery brand in the UK but …also identified as one of the country’s Top 100 Grocery Brands (source: The Grocer).” In 2010 Kettle Chips were acquired by Diamond Foods; whose food brands include Emerald snack nuts, Pop Secret popcorn and Diamond of California nuts. (The Oregonian, 2010) Introduction Kettle Chips managed to maintain their top position in the premium crisps segment, with an estimated 4% market share in 2010 of the total crisp market – giving them a total of 23.8% rise in value shares in crisps and snacks from 2008 to 2010. (Mintel Oxygen, 2011) Mintel (2011) explains that although Kettle Chips maintained its lead as the only brand of size in the premium segment, competition is rapidly increasing from other companies such as Tyrrells and Walkers’ Red Sky, causing their sales growth to slow down in 2010. Although Kettle Chips are an international brand this report will mainly be focusing on their UK business. Approach This report...
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...DIVERSIFICATION AND GLOBAL POSITION 3 Advanced Micro Devices, Inc. is ranked as the as the world’s second largest PC chipmaker with a market share of just 17%, far behind Intel Corp. with 81% of the market (Buckman and Williams 2001, 1). However, in 2000 AMD’s sales jumped 63% to $4.6 billion, producing $983 million in net income and its first profitable year since 1995 (Streetwalker 2001, 1). AMD owns engineering, manufacturing, warehousing and administrative facilities where it produces not only PC chips but also microprocessors, memory circuits, logic circuits, flash memory devices, telecommunication products and embedded processors (Moody’s 2000, 2520). The company’s headquarters and research and development site are located in Sunnyvale, CA, while the wafer manufacturing plants are located in Austin, TX and Dresden, Germany. The test and assembly facilities are located in Bangkok, Thailand and Penang, Malaysia. The company has also established production at the Singapore’s test and assembly facility as well as an analysis and design plant in Suzhou, China. In addition, a new plant in Japan, a joint venture of AMD and Fujitsu, called AMD Fujitsu Semiconductor Ltd. or FASB, will begin operations in the first half of 2001 (Dum 2000, 2). AMD, like many technological multinational enterprises (MNE), prefers to locate its factories and assembly plants in technology clusters in stable and democratic countries. However, AMD knows that East Asia is one of the best...
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...07-2013 Market Perspective At a glance n E-commerce is growing strongly – global sales are expected to be worth $1.29 trillion in 2013 n Retailers, card issuers, technology companies, banks, mobile network operators and start-up companies are vying for share of online spend n Devices are affordable: tablets cost less than $200 and smart-phones are available at $50 n Secure technology developments are driving mobile commerce n Companies are making increasing use of consumer data to inform and guide their operations 21st Century Themes Mobile and e-commerce are reshaping consumer behaviour Affordable tablets, smart-phones and portable computers are changing the way that consumers shop and pay, whether online or on the go. In 2012, global e-commerce sales topped the $1 trillion mark for the first time and these sales are expected to grow to $1.29 trillion in 2013.1 The proliferation of internet-connected devices is helping to create new technologies, consumer applications, personal finance services and payment options. There will be considerable commercial opportunities linked to this changing consumer behaviour as merchants and payments companies seek to enhance their understanding of consumption patterns through analytics. The companies most able to collect and exploit unstructured data could be in a very strong position to understand the intricacies of consumer behaviour. Mass expansion of devices, networks and software In the race to win market share, retailers...
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...American multinational semiconductor chip maker corporation headquartered in Santa Clara, California, United States and the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of IntegratedElectronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers andintegrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentiumprocessor household names. Intel was an early developer of SRAM and DRAM memory chips, and this represented the majority of its business until 1981. Although Intel created the world's first commercial microprocessor chip in 1971, it was not until the success of the personal computer (PC) that this became its primary business. During the 1990s, Intel invested heavily in new microprocessor designs fostering the rapid growth of the computer industry...
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...statements as well as the internal controls both received an unqualified audit opinion from PricewaterhouseCoopers LLP. Nvidia is a semicondutor company specialized into two business segments, namely, the GPU business and the Tegra Processor business. Its products are GeForce , Quadro, , Tegra processors, Integrated chip solutions, Project SHIELD, Tegra VCM, and Embedded computing platforms. The company sells its processors to original equipment manufacturers (OEMs) that build personal computers (PCs), workstations, servers, smartphones and tablets. Its targets four market segments, namely, gaming, enterprise, mobile and cloud. The company operates across worldwide in Europe, China, Taiwan, the US, Americas and other Asia-Pacific countries. Nvidia is headquartered in California and employ approximately 9,228 employees and about 70% of whom are engaged in research and development. Revenue per employee is around $507,000. (Nvidia 10-K report, 2015). Nvidia is operating in an intensely competitive market that is characterized by rapid technological change, evolving industry standards and declining average selling prices. Company’s current competitors include: Advanced Micro Devices (AMD) and Intel Corporation (Intel). Nvidia’s strength is its strong technology capability and strong market position in the visual...
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...TASK 1 AbaKus Technology Interest Group at IIMK INTRODUTION Founded on July 18, 1968 by Robert Noyce and Gordon Moore, Intel manufactures the Intel computer processors, Intel Overdrive CPU upgrades, networking devices, and is considered by most to be 'the' company that has influenced the hardware market. The Company offers platforms that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone system-on-chip (SoC) or a multichip package. The Company offers microprocessors with one or multiple processor cores. In addition, its Intel Core processor families integrate graphics functionality onto the processor die. The Company offers and develops SoC products that integrate the Company’s central processing units (CPU) with other system components, such as graphics, audio, imaging, communication and connectivity, and video, onto a single chip. The Company offers a multichip package that integrates the chipset on one die with the CPU and graphics on another die, connected through an on-package interface. The Company also offers fifth generation Intel Core processor, code-named Broadwell. The Company offers manufacturing technologies and design services for its customers. Its foundry offerings include full custom silicon, packaging, and manufacturing test services. It also provides semi-custom services to tailor Intel architecture-based solutions with customers' intellectual property blocks. The Company also offers design kits, intellectual...
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...Pre-Feasibility Study POTATO CHIPS MANUFACTURING UNIT Small and Medium Enterprise Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th & 8th Floor LDA Plaza, Egerton Road, Lahore. Tel: (042) 111-111-456Fax: (042) 6304926-7 Helpdesk@smeda.org.pk REGIONAL OFFICE PUNJAB REGIONAL OFFICE SINDH 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 Helpdesk-khi@smeda.org.pk REGIONAL OFFICE NWFP Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk 8th Floor LDA Plaza, Egerton Road, Lahore. Tel: (042) 111-111-456 Fax: (042) 6304926-7 helpdesk@smeda.org.pk February, 2006 Pre-feasibility Study Potato Chips Manufacturing Unit 1 2 PURPOSE OF THE DOCUMENT ............................................................................................... 4 CRUCIAL FACTORS & STEPS IN DECISION MAKING FOR INVESTMENT..................... 4 2.1 2.2 SWOT ANALYSIS ................................................................................................................... 4 KEY SUCCESS FACTORS / PRACTICAL TIPS FOR SUCCESS .......................................................... 5 3 PROJECT PROFILE..............................................................................
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