Profit Course Works Samples For Students

The neoclassical theory of the firm explains that firms are run entirely for the profit motive of its owners. This has been a widely held theory for many years, with the knowledge that all businesses are purely profit maximizing entities, whose intention is to make profit regardless of the circumstances, actions or omissions.

The profit motive assumption postulates that all actors in the business enterprise are driven by the need to increase their earnings from the business profits. The management wants to earn large pay and bonuses whereas the shareholders want to increase their value for their stocks.

Adam smith, ...

Introduction

In the present business world the assumption is that firms would like to maximize profits, but in the real life maximizing profit has a great impact on the society and the economy (Wigley 1996). Firms are classified according to the type of market structure they belong to. There are four types of market structure; perfect competition, monopoly, monopolistic, and oligopoly. The main factors that influences a market structure are; the number of buyers and sellers, the degree of product differentiation, the knowledge of buyers and sellers regarding a commodity and the strengths of barriers to entry and exit. Different industries ...

Task 1

Explain the nature and role of accounts. You need to also explain why James and Rebecca need to produce accounting information in order to make financial decisions.

Answer

Accounting is the process of identifying, measuring and reporting economic information to the owners of business and all interested parties (Joel, 2008). Business transactions have financial implication on a business in both short term and long term (Frank & Allan, 2005). Some of the transactions are sale or purchases of fixed assets or current assets, paying of business expenses, and settling current liabilities among other business transactions. Accounting involves identifying, measuring and reporting ...

Entrepreneurs engage in different forms of business ownership in an effort to satisfy their business goals and objectives. Different types of organizations and organization structures are available in the present business world influenced by the type of environment a business operates in. This discussion focuses on four types economic concepts namely: Sole proprietorship, partnership, public sector organizations, and not for profit organizations.

Sole proprietorship

As the name suggests, a sole proprietorship is a form of business organization owned and managed by a single person. It forms the simplest type of a business to start because it does not fall under the categories of legal entity businesses. ...

The two concepts of accounting are very vital when it comes to the realization of the ones profit in a given business premise. They enable the manager to come up with the best policy in realizing the best profit for a given sale. They depend on the ability of the sales being on a fixed cost or at some points it can rely on some factors like the case of the absorption costing which is believed to be an absorption that is based on all issues dealing with the manufacturing costs into the issue of the inventory rating.

The various costs that ...

An organization’s financial structure is the mix of debt and capital employed by the management for purposes of financing its activities. In the healthcare sector, there are three main categories of organizations that provide health services. These categories are for profit, not-for-profit and government organizations. The categorization is based on organizational ownership and motive. Each type of organization has its own unique financial structure which is attributable to the financial environment it operates in. This paper examines three specific organizations, one in each category, and describes the financial structure, practices and policies unique to the category.

For-profit organizations ...

The cost which the organization incurs the production and acquisition of products and services which it intends to sell is very important. The pricing strategy of the organization is significantly affected by costs. Therefore, costs designed to tackle the challenges of the economic and the noneconomic factors very efficiently. The objective of the costing models is to categorize the factors of the marketing objectives of the company and the mission of the company (Gitman, 2003).

Accurately determination of cost is important in organization to remain profitable. Costing does not only require including direct and indirect cost associated with business ...

Financial Accounting

It is very important for any business to insure that the financial statements of the business are produced timely and must be reliable. It is assumed in the financial markets that if the financial statements are prepared on the basis of accounting standards and the financial statements are approved by the auditor, then, the financial statements are reliable. The reliable financial statements are the most important element, for the management and the current shareholders. If the statements are reliable and authorized by the auditor, then, it is highly probable that the current shareholder will reinvest into the business. (Lempert, ...

Managers as well as accountants need financial information to help them make managerial and accounting decision that are very crucial for both internal and external consumers of this information (Drury 2008). To be successful in this area both managers and accountants need to have full understanding on the different types of cost and their calculations. There are different ways of classifying cost for example, manufacturing costs verses Non-manufacturing costs, fixed costs versus variable cost and finally product cost versus period costs. The most important thing that managers and accountants need to know is how to treat variable costs and ...

Engineers Beyond Borders-Canada (EBB-Canada) was started by Parker Mitchell and George Roter, two engineering graduates from the University of Waterloo in the late 1990s. The non-profit organization partners with communities worldwide to improve their quality of life through the design and implementation of sustainable engineering projects. The organization also trains engineers to be responsible and responsive to the needs of the people in their communities. In line with this, the organization has established chapters in various Canadian Universities. EBB-Canada runs independently though it collaborates with Engineers Beyond Borders International (EBB-International) whose main role is to coordinate and oversee the ...

Question 1

Residual income (RI) is calculated as the difference between the operating income and the minimum return on the assets. RI = Accounting income – (min rate of return (%) × average operating assets). If RI > 0, then the company is earning more than the hurdle rate (minimum rate of return), thus the proposed project is desirable. Value Added (EVA) is a special case of RI, calculated as the difference between net income (operating income after tax) and the cost of capital per annum. Therefore, unlike RI, EVA calculates the actual cost of capital, instead of the minimum rate of return and considers after-tax ...

Ashford University

In the analysis of personal organizational ethics, it is important to consider the identification of the key problems that relates to the business ethics of the organization. With these two organizations, the Visayan Forum Foundation, Inc and Jollibee Foods Corporation, both have its key problems. The key problems are the core targets to evaluate the stands of the organizations, how they responded to the problems legally, socially, and politically. Consequently, from the individual responses of the organizations on legal, social, and political perspectives, ethnographic researchers can provide reflections and criticisms of their actions based on the ...

Introduction

In order to succeed, organizations must attract and keep their productive employees. A business has to establish incentive plans to meet these objectives. The purpose of incentive plans is to motivate employees to perform highly, exceed expectations, and expand the business. These plans make employees increasingly productive during a specific period. They also attract the right type of employees. For incentive plans to work, they must have achievable goals. If not, employee morale fades and the incentive plan becomes ineffective (Dessler, 2011). In the current difficult economic times, organizations are using incentive plans to utilize the limited resources to drive ...

Introduction

Performance Appraisal is a process of evaluating the performance of employees and their productivity in connection with certain predetermined goals and organizational objectives. Performance appraisal also measures other aspects of each of the employees including their organizational behavior, achievements, potential for improvement, strengths and weaknesses. Though performance appraisals are usually conducted on an annual basis, many companies are adopting the process of making evaluation on a quarterly basis. The objectives of performance assessment include 1) deciding and defining the performance goals, 2) evaluating the performance of the employees, 3) setting target bonus for various levels of performances and 4) giving rewards ...

Profitability Measures:

These ratios are used to analyze the profit margins of the company and is of great importance, both for management and investors, as through this they come to know the actual margins they are earning from their operations and after all the non-operatig expenses are deducted.

i)Net Profit Margins: Net Profit/ Revenue*100 ( Robinson, 2011, pg.143)
Also known as Bottom Line Profit Ratios, these ratios indicate the net profit margins of the company after both operating and non-operating expenses are deducted from revenue figures..

ii) Operating Profit Margins: Operating Profit/Revenue*100
Calculated as ratio of Operating Profit ...

Cejudo Cordoba, R. (2013). Making Sense Of Doing Wrong: On The Justification Of Compromise Decisions. Crítica , 45 (135), 29-53. Retrieved from http://eds.b.ebscohost.com.proxy-library.ashford.edu/eds/search/advanced

This paper holds that compromises are types of agreement and types of decision. Its major objectives are the following. First, is to identify the formal organization of compromise situations (CD), or dilemmas where some CD cannot be avoided that includes jeopardizing the integrity of the maker of the decisions. Second, that by the notions of Amartya Sen’s of the basic and compulsive judgments and create a CD in a condition of compromise that is justified be morally. It concludes that the justified compromise situations involve rationally justified moral regret that assists to bridge the gap between consequentialism and deontology, respectively.

Cohen, M. A. (2012). Empathy in Business Ethics Education. (C. MacDonald, & A. Marcoux, Eds.) Bus Ethics J Rev , 1 (18), 113–119. Retrieved from http://dx.doi.org/10.5840/jbee2012918.

...

Introduction

Every business tries to enhance its productivity from different standpoints and angle and every standpoint deems extremely important from the viewpoint of an organization in total. Analysts analyze an organization from different angles and with the help of different methods and tools. All of these tools are essential to analyze and assess the level of financial based initiation from different angles in total.

Among number of methods and tools to analyze the financial based competitiveness of an organization, the name of different amount of ratios is one of them. Different sorts of ratios are profitability ratios, liquidity ratio, efficiency ...

Q 1 The vital duties offered by the board improve the effectiveness of health management. The responsibilities involve; the board articulates, envisions and focus on implementation of the institution’s objectives, operations and vision. The board ensures high levels of performance in the executive organization. It focuses on the performance of the hospital employees. The board also ensures good care of the patients and statures financial committee equally (Biggs, 2004). The board must ensure vital financial duties for the organization’s fiscal health. Problematic issues arise when the board tries to achieve the break-even instead of making a profit. Profit ...

- Introduction

This paper is a financial analysis of General Electric (GE) Company. GE is a multinational conglomerate company incorporated in the New York, United States. The four main segments of the company include; capital finance, technology, consumer & industrial, and energy. There are many products and services the company offers but within the named categories. GE is ranked among the top ten largest firms in the US in terms of gross revenue. The 2011 annual reports of GE reported a total asset base of $ 717,242 million and $ 66,875 million in revenue.

GE has been selected as a point because of the diversity ...

Economists have proved that capital and labor are not sufficient of themselves to stimulate growth in an economy. In fact, many experts now believe that the vital determining factor in economic growth is knowledge. It is generally presumed that larger firms have an advantage when it comes to producing and capitalizing upon knowledge. Large businesses are in a better position than most businesses in terms for paying for R&D, human capital and patenting inventions. However, although the factors of capital and unskilled labor are sources of competitive advantage in an economy characterized by large scale production, an entrepreneurial economy ...

Introduction

The objective of any firm is to maximise profits and increase shareholders’ wealth. This objective can only be attained if the market structure is favourable for the operations of the firm. The market for low-calorie microwavable food has changed from perfect to imperfect competition. This paper discusses the effectiveness of the new market structure to the operations of the company. It also assesses the profitability of the firm based on the cost functions and the demand function from assignment. In addition, the paper explores was in which the company can improve its profitability as well as the circumstances under ...

I would present two key ethical problems of the company. These are Fraud and Organizational Issues. There are numbers of issues that arise when it comes to fraud issues. In a non-profit organization, this trend is no longer a surprise in the non-profit world. Non-profit organizations are highly susceptible to fraud issues. Generally, non-profit organizations are established for beneficial purposes in accordance to the mission and vision of the company.

Problem 1

Particularly, Visayan Forum Foundation, Inc. or VF faced fraud charges in 2012. The problem rooted when the United States Agency for International Development filed a case against VF. The money in question ...

Transfer pricing is a process where prices or rates used when selling products or services between parent companies, divisions, departments, or subsidiary (SMULLEN, 2001). It exists when two related companies (the parent company and a subsidiary) trade amongst each other. For example, a US based subsidiary of Coca-cola trading with an African subsidiary of Coca-cola. When such subsidiaries engage in price establishments for a transaction the results are transfer pricing.

WITTENDORFF (2010) provides that in transfer pricing the prices set for the exchange may be the original prices set for the products or the original purchase price or a rate reduced to cater ...

5A. Niche Clientele is a portion of the market that an organization identifies as having some special features and determines that it is worth marketing to that portion of the market. The organizations tend to use niche clientele most often are those in the private sector-such organizations are owned and run by individuals. Considering a micro-finance: the questions usually asked in this case is: who will be their clientele with specific features and how will knowing their clientele help the organization? Such small finance corporation will often target people with low income or middle income level people. Understanding the specific income ...

The institutional affiliation

The four major market structures in the modern economic world are: perfect competition, monopoly, oligopoly, and monopolistic competition. Each one has strengths and weaknesses, opportunities and threats, so let us take a closer look at them.

Perfect completion is also called pure competition and is a benchmark where competition exists at its best level. Perfectly competitive market has large number of participants and none of them is large enough to influence the product price or its quality. In other words, there are so many sellers that neither price nor quality varies significantly. Pure competition market is easy to enter and exit ...

1. Public Relations & Non-Profit Organizations

Public relation is the face of any organization whether it is for profits making or a non-profit making organization. Public relation shapes the organization to what it is expected to be and for this reason, public relation is very important to any organization (Bowen, Rawlins & Martin, 2010). Non-profit organizations are also supposed to have a strong public relation because it assists the organization in very many ways. Taking for example the American Red Cross, it cannot exist on its own since it needs quite a number of facilities that will enable it to perform.

Public relation in this case helps the American ...

A non profit organization is a tax- exempt organization that serves the interest of the public. These tax exemptions include sales, income, and property taxes at the state level. A perfect example of such an organization is American Red cross. Nonprofit organizations are not truly concerned with making profits as compared to profit making organizations. Surplus money that remains after the nonprofits have paid all their bills is reinvested back into the organization. They are dedicated to providing benefits to the public, rather than making profits. Managing a non profit is inherently more complex than managing a comparable size business. Proper management ...

1. “A firm would prefer to be a monopoly, rather than be involved in a perfectly competitive market.” Discuss.
Every student attending economics class knows that perfect competition is ideal for any market, while monopoly is the worst possible situation due to a number of reasons. But at the same time, it is a well-known fact that since ancient times firms have strived to gain the status of monopoly. Why is it so? The matter lies in people’s nature – monopoly offers to a firm great power and control over market and requires practically no effort to get considerable income. At the same ...

Financial Analysis: Amazon Inc.

The primary source of revenue for the company is the sale of wide range of products it offers on its consumer facing website. Apart from revenue earned from the sale of merchandise, the company also earns revenue from services like AWS, advertising, publishing etc.
In terms of trend in sales of the company, the same have consistently increased over the years. As the graph indicates, Amazon has been successful in increasing its revenue, courtesy, increasing online demand from its customers. With increasing time spent by adults surfing online, the sales revenue of the company has shown a steady growth. ...

Financial Analysis: Amazon Inc.

The primary source of revenue for the company is the sale of wide range of products it offers on its consumer facing website. Apart from revenue earned from the sale of merchandise, the company also earns revenue from services like AWS, advertising, publishing etc.

In terms of trend in sales of the company, the same have consistently increased over the years. As the graph indicates, Amazon has been successful in increasing its revenue, courtesy, increasing online demand from its customers. With increasing time spent by adults surfing online, the sales revenue of the company has shown a steady growth. ...

Financial risk of an enterprise can be defined as the probability of adverse financial consequences in the form of loss of income and capital under uncertainty conditions for its financial activity. Financial risks have a great variety and for the implementation of effective management are classified by several main features that will be considered below.
Financial risks arises in the process of enterprise relationships with financial institutions (banks, financial, investment, insurance companies, stock exchanges and others). Causes of the financial risk are inflation factors, the growth of bank interest rates, reduction of the value of securities and others.

Financial risks are roughly divided into two types:

1) ...

EVALUATION OF WOOD GROUP EXISTING STRATEGIES - AN OIL AND GAS SUPPORT/SERVICES COMPANY BASED IN SCOTLAND THAT OPERATES IN SOME 50 COUNTRIES

Executive summary

Wood Group Engineering Wood group is an autonomous supplier of pivoting tool services and clients who are in demand of the energy of oil and gas markets. The services the GTS provides include industrial designing, architecture, obtainment and construction. They also provide office operations and support, updates, optimization and overhauls of gas and steam turbines, pumps, compressors and other many services. Their strategy and goals work on ensuring that they are a global leader in their callings, hence ...

Analysis

Financial competitiveness and financial belongings are some of the major things and aspects from the viewpoint of an organization in total. Organizations always try to enhance their productivity and only those projects would have been selected which are essential for a company as far as enhancing the productivity is concerned (Piper, p. 59). The main objective of this assignment is to analyze the effectiveness of two different projects in total. Income statement of each of the project has been allotted and given with this analysis and the analyses of both of the projects are mentioned below simultaneously.

Analysis for Project-1

Income statement is a ...

1. Macro Environmental Analysis is an integral part of strategic analysis and it is crucial to understand what should be done by the company to be competitive. It is common to analyze the macro environment by exploring its five forces: political. economic, social, and technological. This so called PEST analysis helps to investigate the trends in the major environmental areas that have a significant impact on organizations’ success and failures.

Another framework for conducting Macro Environmental Analysis was suggested by Porter, thus it received the name Porter’s 5 Forces. This model explores the industry in terms of its main ...

Abstract

This paper will discuss the importance of measuring performance of balanced scorecard and economic value added. The crucial relation of the two disciplines which is a determinant of an organization’s overall financial performance. Every business organization has their own vision of how the company will be after a specific period of time. This vision is guided with a mission that dictates the decision of the company in the course of their operations. Mission and Vision must go hand in hand to ensure smooth sailing business operations and it entails the success of the organization once the mission and vision was embodied ...

The Horizontal Analysis

In the horizontal analysis of the company, one considers the various line items in the income statements and the balance sheet with similar items in the previous years. Looking at the year 2008, the company did not perform well. In terms of sales, there was a decrease in the sales compared to the year 2007. There was a decrease of $ 897,000 which is 15% of the sales revenue.
As a result of the low sales, the company suffered a loss in the gross profit. The profit reduced from $1.6M to $1.4M. When analysing the expenses, the website creation and maintenance is a ...

Thesis

This paper will discuss the 4 broad areas of information that are available in the prospectus of Tune Ins Holdings Berhad. Also, the paper will cover how these four factors can help investors to choose whether to invest in the company or not.

Four Information Areas and Importance

Four important areas of information in the prospectus that can help investors to buy securities from Tune Ins Holdings Berhad:

Business Overview: The business overview section in the prospectus is useful to understand the Initial Public Offering by the company. This section offers information to the investors that help them to develop a clearer view about what ...

According to Gygi and Williams (2012), Lean refers to creating value to customers using fewer resources. The main idea behind the concept of lean is maximising customer’s value and minimise wastes. Manufacturing refers to the process of production of goods. Therefore, lean manufacturing refers to the production of superior quality goods for the customers at significantly affordable prices. Some of the importance of the lean manufacturing to the business organization includes:

- Building quality in the production process
- Elimination of waste in the production process
- Developing a unique approach towards corporate management.
- Developing ...

- Evaluation of the Company’s Objectives

The corporate objectives of Aztec Catering, a company providing catering services to businesses, schools, colleges, hospitals and retirement houses in the United Kingdom are the following:

These corporate objectives of the company require substantial work to refine, extract and direct the company towards profitability, sustainability and growth. The first step in refining the corporate objectives of the company is to be familiar with what a corporate objective is. Faucett (2012), defines corporate objectives as ”statements of intent that provide the basic direction for the activities of an organization in pursuit of its mission.” This means that a corporate objective is a broad, ...

Abstract

The quality management process in a process by which the quality of the products that are delivered to the clients is managed to make sure that it is the best. This process is very important considering that clients will always opt to go for products that are of the best quality; thus increasing the profit margins that the company will experience. Some of the quality management processes commonly used in companies today are TQM, ISO 9000, and Six-Sigma (Shankar, 2009).

Introduction

The company is this scenario has decided to use six-sigma as its quality management process so as to eliminating any ...

Introduction

In a perfectly competitive market, there are many sellers in the market selling differentiated goods. The consumer has the power to choose from which supplier he will buy the good from. There is also perfect knowledge in the market structure as the consumers have access on information such as the quality of products of each supplier. In the health markets however, there is imperfect competition which can be created by barriers to entry, economies of scale, collusion among sellers and advertising restrictions.

Economies of Scale in The Health Industry.

There are two major health providers in the whole country providing health care in Kidney dialysis. Imperfect competition ...

Microeconomics is a branch of economics that helps an individual to understand how free markets work .This is by making economic decisions that will help to maximize profit by using the limited recourses appropriately. Microeconomic evaluates the decisions that will help to determine the price of the product. Through the prices, an individual firm and household will be able to know the quantity of goods and services which are demanded and supplied. Microeconomics also helps the government in the imposition of the tax that is used in development of the country. Microeconomics examines the market failure and look for suitable ...

Company Description

Tottenham Hotspur Plc is engaged in the operation of a professional football club in England together with related commercial activities. The Company has two segments: football and property. In addition, the Company continues to acquire numerous properties with a view to a new stadium development.

The sponsors of the club include Autonomy, Investec, Puma, Thomas Cook Sport, Sporting bet, Carlsberg, TNT, EA Sports and Glyn Hopkin. The Company's Tottenham Tribute Trust is an organisation that reaches out to members of the Spurs family who are fighting hard times either financially, medically or both. The clubs patron includes Chigwell Construction (London) Ltd is a ...

Introduction

Costco, the third largest retailer chain in the U.S. and the seventh largest retailer in the world, has significantly grown in the last ten years, a critical period disrupted by the great recession, e-commerce revolution, and global competition. Although a big number of retailing enterprises failed to survive the difficult challenges of the decade, Costco demonstrated an outstanding revenue growth performance over its key competitors – Wal-mart (includes Sam’s Club), BJ’s, Target, Sears, and JC Penney. However, based on an analysis of the 10-year financials of Costco and its key competitors, the profit performance of Costco has not ...

Introduction

The population of the world is increasing rapidly and so is the influence of the technology on the population is increasing. Technology is changing every facet of the human life. It has evolved rapidly in the past few decades and has left an influence on every field of the walk. The population is also increasing at a very fast pace. This year more than 150 million newborn will witness the changing trends of this earth. They all will be under the influence of the technology as well. Even it is not possible to record their births without using sophisticated electronic ...

Quiz 1

Decision making is normally described as the essence of the manager’s job based on various entities that encompasses management which is the main role of the managers. Decision making defines the ability of the organization to achieve the set organizational goals. The respective roles and functions of managers such as planning, controlling, organizing, staffing, and others are some of the attached entities that enable the managers make decisions hence essence of manager’s job towards increasing or enhancing organizational performance (Daft, 2005).

Quiz 2

Organization’s culture can largely define or influence the way managers make decisions based on the ...

Question 1

Ratios calculations for Walgreens and Rite Aid Corporation of fiscal year 2001 and 2000
LIQUIDITY RATIOS
Current ratio = Current assets ÷ Current liabilities
Quick ratio = (current Assets-Inventory) / current liabilities

ACTIVITY RATIOS

Inventory Turnover = sales/inventory
Accounts receivables Turnover = sales/ accounts receivables
Asset Turnover = Total sales/ Total Assets

LEVERAGE RATIOS

Debt to Equity Ratio = Total Debt/ Total Equity
Long-term Debt to Equity Ratio = Long-term debt/equity
Debt Ratio =Total Debt/ Total Assets

PROFITABILITY RATIOS

Gross profit margin = {sales –COGS} / sales
Operating profit margin = EBIT/ sales
Net profit margin = Net Profit After Taxes/ sales
Return on ...

Background:

With a rich history of success, Pepsi was an establishment of the 1898, in Carolinas. The drink was an original invention of Caleb Bradham. Based in New Bern, North Carolina, he was a pharmacist and drugstore owner ("Pepsi History," n.d.).

It was five years after the introduction of Coke that Pepsi came into existence, in the year 1893. This was the time when the inventor Caleb Bradham decided serving customers his soda machine produced ‘Brad’s Drink’. In response to the positive feedback that he received from the drinkers, he began advertising his samples in 1898, after naming ...

Question 1: What is (are) the principal activity(ies) of this business?

Serving both the United States and United kingdom, Established in Ireland, the Green core group is one of the leading convenience food business’s in the world . The convenience food divisions provides a wide range of chilled, frozen and ambient foods to major retail, manufacturing and food service companies. Specifically in the UK, Greencore provides sandwiches, Italian chilled meals, branded chilled meals, chilled non-dairy desserts, chilled sauces, cooking sauces and pickles and Christmas cakes.( See Greencore Food to go UK) In the US Greencore is best known for providing “grab and go” packaged food options (sandwiches, salads, sushi, entrees ...

Introduction

Business ethics theories are the moral principles that a company implements to ensure that all the individuals working in it act with acceptable behaviors. A few business theories that exist are the utilitarian, rights, common good, justice, and virtue approached. In not-for profit organizations it can include: honesty, integrity, confidentiality, transparency and equity
.The utilitarian approach is the oldest one and it focuses on using ethical actions that promotes the most good or value among the society while minimizing the amount of harm as possible. Businesses use this approach to ensure the outcome of various situations helps a larger number ...

The human race is facing serious threats from killer diseases caused by mutated viruses. Killer epidemics are one of the major predicted reasons for the extinction of human race. Kibola the newly identified epidemic is a matter of high concern for medical practitioners as well as pharmaceutical companies. This epidemic spreads through air and water which makes preventive mechanisms very difficult. Since this disease is caused by a mutated form of Ebola virus, the symptoms are almost the same as Ebola. However the mortality rate is three times higher and the spreading rate is also enormously high. The symptoms are high ...

Instant Coffee Industry in UK:

Coffee is considered as one of the well-renowned beverages in the world. According to research by Mintel in 2012, the retail market of UK reached 1 billion pounds for the first time (H&CNews 2014). The people living in UK consume about 2.8 kg of coffee every year (IBIS 2014). However, people do not consume much coffee in UK as they do in other European countries like France and Germany. The coffee market of UK is of only 33% of German and 50% of French coffee market (H&CNews 2014).

The coffee market in UK is mainly dominated by ...

Question 1

Apparently, the structure of the hospital services industry is assorted subsequent to the fact that there exist different hospital institutions offering identical services but of different quality. Considering that different hospitals particularly in the United States seek to attract as many customers as possible, competition is eminent. Currently, the nature of competition in the hospital services industry in the United States is stiff, because the number and size distribution of the existing hospitals is quite intense (Santerre & Neun, 2010). The degree of product differentiation in the market is currently high. The customers, on the other hand, have adequate ...

Pepsi versus Coca Cola

Coca-Cola
Coca-Cola is a US multinational beverage company, manufacturer, marketer and retailer of alcoholic-free drinks. The company has it’s headquarter in Atlanta. A pharmacist known as John Stith Pemberton in 1886 invented the Coca-Cola drink. In 1889, Coca-Cola formula was bought by Asa Griggs Candler, who used it to found the Coca-Cola Company in 1892 (Bodden, 2009). Under Cander’s leadership, the company grew and increased its distribution beyond Atlanta. In 1894, due to high demand for the drink, the company, through Joseph Biedenharn, installed bottling machinery that enabled the bottling of the drink.

Large scale bottling of ...

Overview

In developing a schedule and a budget, there are different important tools that are essential in ensuring that there is effectiveness. To have a budget that meets the predetermined objectives, it is important to have a baseline operation strategy that would ensure that there are no deficiencies in either during the schedule and budget development or after. There are a number of tools that can be employed in developing a schedule and a budget. Some of the tools that will be used in this case include revenue projection tool, capital budgeting tool, cash flow forecast and profit and loss projection tool.

Revenue projection tool

It is a tool that is ...

8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

Carlos Ghosn is a French businessman born in Brazil. Ghosn is currently the Chairman of Nissan Motor Co. Ltd, a position he has held since 2008. Ghosn also served as the president and the Chief Executive Officer (CEO) of Nissan since 2000 and 2001 respectively. Apart from holding leadership positions at Nissan, Ghosn is also the president and the Chairman at Renault Motor Ltd. Among the leadership, decisions that threw Ghosn into the limelight include spearheading downsizing and closure of several factories at Nissan which culminated in the turnaround of the company (Magee, 2003).

Ghosn’s leadership style

As Nissan Ltd CEO, Ghosn believed in ...

1. Discuss budgetary areas that raise concern in the budget planning.

The master budget made by Competition Bikes Inc. is quite sound however there are certain issues that have come forward from the budget. The issues have been briefly described below. One of the prime concerns is the timing of the budget. They have not been divided quarterly although cycling is a weather dependent sport and is affected by seasonal fluctuations. By separating the budget quarterly will allow us to have a better idea of the peak and the off-peak seasons and will allow the company to make more informed decisions. This may also allow the company to maintain an inventory level ...

Government leaders and managers of public agencies and non-profit organization face various difficult challenges (Bryson, 2004). One of these challenges is the dizzying number of events and trends that has affect the United States for the last two decades. Also there are other several problems that affect the government and non-profit organizations (Farnum, 2004). The aging and diversification of population is also another example of challenges that has a lot of impacts. Most ominously, there has been a dramatic decline in social capital in the past few decades in the USA. Citizens of the affected countries are not happy with these ...

Accounting Standard followed by the company:

i) General Mills Inc:

General Mills Inc, for the purpose of its financial reporting, follows Generally Accepted Accounting Principle(GAAP).

ii) Meiji Holdings:
The company, for the purpose of the financial reporting and also for its subsidiaries, follows Generally Accepted Accounting Principle(GAAP). The company declares that the accounting standards are different from International Financial Reporting Standard(IFRS).

Accounting Standard followed by the auditors:

i)General Mills Inc:
The financial statements of the company are audited by KPMG LLP, which are the external auditors of the company. The external auditors have used standards of Public Company Accounting Oversight Board(United States). The standards obligates the auditors to ensure that all the financial statements of the company are free from any material ...