2008 Selling, marketing, and administrative expenses were $2,890,000 or 3%, and as percent for net product sales increased from 19.9% in 2007 to 20.5% of sales in 2008 this is and increase of .6% These expenses include $45,570,000 and $41,775,000 of freight and delivery, and warehousing and distribution expenses in 2008 and 2007 respectively. Freight, delivery, and warehousing expenses increase from 8.5% of net product sales in 2007 to 9.3 in 2008. This is an increase of .8% Earnings from operation
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Bob’s Chocolate Chips and More, a bakery specializing in gourmet pizza and chocolate chip cookies, started business on October 1, 2011. The following transactions occurred during the month. 1. The company issued 6,000 shares of common stock at $15 per share. 2. The company acquired office equipment on October 1 for $30,000 cash. The equipment was used for administrative tasks. 3. The company purchased $15,000 of ingredients on account. 4. Rent is $500 a month. On October 1, the company paid
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334.00 | $6,141.00 | $9,181.00 | $11,933.00 | $11,062.00 | % Change | 10.0% | 35.7% | -33.1% | -23.1% | 7.9% | | There are several things to consider when figuring whether the company will meet its goal of +10% annual revenue growth in 2009. The target revenue is $9,167.40. This is figured by taking the net sales for 2008 and multiplying it by .10 = 833.40. This figures the projection for sales if increased by 10%. To determine if the growth will continue we need to look at the growth
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Hallstead Jewelers Case Study Amanda Dutcher October 6, 2011 1) Fixed Costs=Salaries+Advertising+Administrative Expenses+Rent+Depreciation+Miscellaneous expenses Breakeven=Fixed Costs/Contribution Margin 2003-3230000/377.03=8,566.96 units 2004-3333000/357.68=9,318.39 units 2006-4921000/352.52=13,959.49 units Breakeven$=Breakeven Units*Unit Price 2003-8566.96*845=$7,239,079.12 2004-9318.39*812=$7,566,532.68 2006-13959.49*819=$11,432,822.31 Margin of Safety=Sales-Breakeven Sales
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Statements Wal-Mart implemented a new financial system, which reflects the retail method of accounting for inventory. This procedure affects the operating income and the consolidated net income for all comparable periods. Wal-Mart reclassified expense and revenue items within these statements of income for the purpose of reporting. However, the reclassifications did not affect consolidated operating income or net income to Wal-Mart (Wal-Mart 2011 Annual Report, 2011). Cash Flow Wal-Mart generated a positive
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PBDIT 584 8,849 18.5% PBT 452 8,898 20.5% PAT 261 6,162 21.8% Capital Employed 1,886 19,754 15.8% ROCE % 28.4 45.4 Market Capitalisation Total Shareholder Returns % 5,571 177,361 Net Revenue 24.1% 25.7% * Market Cap and TSR for '11-12 based on BSE price on 30 Mar 2012 Sensex (CAGR 95-96 to 11/12) : 10.8% 2 ITC’s ranking Amongst all listed private sector cos. PBT: No. 5 PAT: No. 6 Market Capitalisation: No. 3 3
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Rowe Pottery Works, Inc. (RPW) is a company that should be pulling in a lot of revenue due to sales. Since RPW is a manufacturing company, their sales minus Cost Of Goods Sold results in Gross Profit. However, for RPW there is a rather large, and decreasing, variance between 1994 and 1996. Unfortunately, every year the variance is unfavorable to RPW, which means the cost was higher than expected. I think it is due to the standardized cost approach the accountants are currently taking. The standard
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Asam, Accts. 3121 Writing Assignment 1. October, 8th 2012 The issue here is about how to treat an extensive advertising campaign cost for reporting purposes in Target Inc. The Controller (CFO), Steve Smith is holds that it should be reported as an expense for the current period, basing his argument on the conservative principle of accounting which had been in place in the company. However, the Vice President and the CEO disagree with him and insists that the expense be reported as part
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Chapter 1 self-test 1. In which forms of business organization are the owners personally liable for all the debts of the business? A. Sole proprietorships and corporations B. Sole proprietorships and partnerships C. Partnership and corporation D. All of them 2. The proprietorship form of business organization A. must have at least two owners in most states. B. generally receives favorable tax treatment relative to a corporation. C. combines the records of the
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= 101.1M/562.5M = .18 Second Factor: Retained Earnings / Total Assets = 317.9M/562.5M= .57 Third Factor: EBITDA / Total Assets= (22.4M)/562.5M= (.04) Fourth Factor: Market Value of Equity / Total Liabilities= 110.5M/291.5M=.38 Fifth Factor: Revenue / Total Assets= 820.4M/562.5M= 1.46 Tecumseh Z Score or the sum of all factors was 2.55. Based on Tecumseh’s Z-Score I would not consider them healthy enough to invest in or loan any funds to. In Tecumseh’s latest press release they state that
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