Sports Direct Financial Analysis Essay examples - 1587 Words

BUSINESS ACCOUNTING AC1010 SPORTS DIRECT INTERNATIONAL PLC. Table of Contents 1.0 Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 2.0 Company Background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 3.0 Performance during the last 5 years†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 4.0 Ratios Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 * 4.1 Earning per Share Ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 * 4.2 Quick Ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 * 4.3 Current Ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..6 * 4.4 ROCE Ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦..6 5.0 Company Funding and Gearing†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 6.0 Qualitative Issues†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8 7.0 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8 8.0 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8†¦show more content†¦They opened more stores in Europe and they gain better retail and logistic skills. Revenue was  £147,62m higher than in 2010. (Sportsdirectplc, 2012) Share price over the last 5 years Source:http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=SPD:LSE 4.0 Ratios Analysis 4.1 Earning per Share Ratio A graph below represents Earning per Share ratio. EPS ratio is used when the company wants to know how are they doing in their businesses from year to year. EPS is shown in pence. (Dyson, 2010) A year 2009 was not so profitable for company as EPS was -2,79p. This means that business was making little money, which was not good for shareholders. However, in 2010 the EPS was quite high, 14,76p, what means the company is making profit and shareholders want to invest in business. 4.2 Quick Ratio The Quick Ratio also known as Acid Ratio is used by firms to determine liquidity position. It explains if the firm is able to pay all of their current debt liabilities. (Dyson, 2010) The graph above illustrates that over the period from 2007 to 2011 quick ratio was not more that 1, which means that their debts might not be covered all. The graph also indicates that a peak was in 2011. 4.3 Current Ratio The graph above shows a current ratio. It is used for measuring an ability of the company to pay offShow MoreRelatedSports Direct Financial Situation Analysis and Their New Project Investment in Morocco5386 Words   |  22 PagesPART I: COMPANY ANALYSIS 5 1- Introduction of the company 5 1.1 History: 5 1.2. The industry: 5 1.3. Sports Direct today: 6 2. Analysis on the financing structure of the company 6 2.1. Sports Direct financial statements: 7 2.2. JJB Sports financial statements: 9 2.3. Ratios of Sports Direct and JJB Sports 12 3. The weighted average cost of capital 15 3.1. Cost of equity: 15 3.2. Cost of debt: 15 3.3. WACC: 16 PART II: PROJECT INVESTMENT ANALYSIS 17 1- PreliminaryRead MoreAnalysis Of Halfords Plc Financial Analysis1276 Words   |  6 Pages Halfords Plc Financial Analysis Table of Contents 1-Executive summary............................................................................ 2-Introduction ....................................................................................... 2.1-About BIKE Industry†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.2- Halfords Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.3- Halfords Key Competitors †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.4-SportsDirect Overview ........... 3-Segmentation Analysis .............................. Read MoreSwot Analysis : Mark Emmert1721 Words   |  7 Pagescapitalistic tendencies (bookshelf.vitalsource.com). Question Three What is the SWOT Analysis? The SWOT analysis is a great way for companies or organizations to determine their brand and product’s strengths, weaknesses, opportunities, and threats. In order to more effectively determine these areas, separation of internal and external issues within the company or association is crucial. NCAA SWOT Analysis Strength Analysis As is shown above, the NCAA enjoys a strong brand awareness amongst higher educationRead MoreBusiness Plan For Grow Porsche Over The Next Three Years Essay1244 Words   |  5 Pagescompany’s history, products, and financial performance will be highlighted. A future-oriented SWOT analysis will be provided to describe the strengths, weaknesses, opportunities, and threats of Porsche. Based upon the information gathered for the analysis, a strategic plan using calculations for improving the business will be determined. The essay will conclude by discussing the measurements of success and additional recommendations. History or Porsche Porsche is a sports car company that has been successfulRead MoreEssay Sugar Daddies in European Football Clubs1388 Words   |  6 PagesDietl et al. (2009) and their analysis of social welfare and difference between profit-maximising and win-maximising leagues; then Lang et al. (2011) analysed benefactors influence on industry competitiveness; then Madden (2012) studied implications towards the economic stability of the industry; then Franck Lang (2012) observed growing trend towards riskier strategic investments amongst ‘sugar-daddy’ owned clubs; and finally the possible outcome of new UEFA’s ‘Financial Fair Play’ regime (aimed atRead MoreDo Public Subsidies For Professional Athletic Organizations Benefit Their Local Community?1591 Words   |  7 Pagesprofessional athletic organizations benefit their local community? Sports teams, or professional athletic organization, are extremely important institutions within a city or region. 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The main business of JD Sports is to sale the fashion apparel sport and footwear, while a lot of limited edition and exclusive designs from Adidas and Nike are soled JD Sports, and a typical JD Sports StoreRead MoreThe Under Armour, Inc., And The Adidas Group1634 Words   |  7 PagesIntroduction This analysis of the Under Armour, Inc., and its subsidiaries is depicted in the paper; Under Armour and its subsidiaries develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company is in direct competition with Nike, Inc. and The Adidas Group. Therefore, this paper will further attempt to evaluate the pressure exertedRead MoreWhy Adidas And Nike Is The Best Choice For Me1643 Words   |  7 PagesI am really fond of sport. I have been played soccer since ten years and always wear Adidas and Nike so it is two companies I know very well. Then, when I was thinking about which companies I was going to choose, I wanted two multinationals and one American company and one European company. So Adidas and Nike was the best choice for me. Today, Adidas and Nike are the two leaders of the sports market and therefore live competitor 2) Adidas’ history Adidas is a European Sports company created in 1949Read MoreAdidas 2008 Study Case1488 Words   |  6 Pagesin 1948 decided to separate and created their own firms. The first one called Adidas (Adolf-Adi) and the second Puma. After the World Cup in 1954 Adidas become in a famous brand when Germany team decided to wear it, followed by the sponsoring of sports stars. After the death of Adi Dassler in 1978, his Horst son remained to the front of Adidas. Horst was only president until 1987, when it died to the 51 years. After this event, the company begins to cross one serious crisis, mainly due to the push

Stanine Score Example

Stanine scores are a way to rescale raw scores into a nine point scale. This nine point scale provides an easy way to compare individuals without worrying about small differences in raw score. Stanine scores are typically used with standardized testing and are often reported on the results along with raw scores. Example Data We will see an example of how to calculate stanine scores for a sample data set. There are 100 scores in the table below that are from a population that is normally distributed with a mean of 400 and a standard deviation of 25.   The scores have been ranked in ascending order as 351 380 392 407 421 351 381 394 408 421 353 384 395 408 422 354 385 397 409 423 356 385 398 410 425 356 385 398 410 425 360 385 399 410 426 362 386 401 410 426 364 386 401 411 427 365 387 401 412 430 365 387 401 412 431 366 387 403 412 433 368 387 403 413 436 370 388 403 413 440 370 388 403 413 441 371 390 404 414 445 372 390 404 415 449 372 390 405 417 452 376 390 406 418 452 377 391 406 420 455 Calculation of Stanine Scores We will see how to determine which raw scores become which stanine scores. The first 4% of ranked scores (raw scores 351-354) will be given a stanine score of 1.The next 7% of ranked scores (raw scores 356-365) will be given a stanine score of 2.The next 12% of ranked scores (raw scores 366-384) will be given a stanine score of 3.The next 17% of ranked scores  (raw scores 385-391) will be given a stanine score of 4.The middle 20% of ranked scores (raw scores 392-406) will be given a stanine score of 5.The next 17% of ranked scores (raw scores 407-415) will be given a stanine score of 6.The next 12% of ranked scores (raw scores 417-427) will be given a stanine score of 7.The next 7% of ranked scores (raw scores 430-445) will be given a stanine score of 8.The next 4% of ranked scores (raw scores 449-455) will be given a stanine score of 9. Now that the scores have been converted to a nine point scale, we can easily interpret them.   A score of 5 is the midpoint and is the average score.   Each point in the scale is 0.5 standard deviations away from the mean.

Accounting Free Essays

A company is considering the following alternatives: Alternative Alternative 2 Revenues $120,000 $120,000 Variable Costs S 60,000 $60,000 Fixed costs $35,000 $35,000 Which of the following are relevant in choosing between the alternatives? 2. ) Adler Company manufactures a product with the following costs: unit Variable Cost $50 Unit Fixed Cost $24 Total Cost per unit $74 The company normally sells 10,000 units at a price of $88 each. Adler has a one-time opportunity to sell an additional 3,000 units at $70 each in a foreign market, which would not affect its present sales. We will write a custom essay sample on Accounting or any similar topic only for you Order Now If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows: 3. ) If a company must expand capacity to accept a special order, it is likely that there will be 4. ) May company produces 1,000 units of a necessary component with the following costs: Direct Materials $48,000 Direct Labor $32,000 Variable overhead $8,000 axed overhead $14,000 May Company could avoid $6,000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and he company would prefer to buy the components, what is the maximum external purchase price that May Company would accept to acquire at 1 ,OOH units externally? 5. ) A company has a process that results in 500 drums of Chemical L that can be sold for $300 per drum. An alternative would be to process Chemical L further at a cost of $25,000 and then sell it for $380 per drum. Should management sell Chemical L now or should Chemical L be processed further and then sold? What is the effect of the action? 6. The focus of a sell or process further decision 7. A company is considering replacing old equipment with new equipment. Which of the following is a relevant cost for incremental analysis? 8. ) A company has several product lines, one of which reflect the following results: Sales $400,000 variable costs $275,000 Contribution Margin $1 25,000 axed expenses$200,ooh Net loss -$75,000 If this product line is eliminated, 80% of the fixed ex penses can be eliminated and the other 20% will be allocated to other product lines. If management decides to eliminate this product line, the company’s net income will 9. Using compound interest, if you deposit $1 ,OOH each year in an account paying 7% interest, approximately how much will have in that account in five years? 10. ) A company is considering an investment, which will return lump savings of $150,000 four years from now. If they require a 10% return, what is the most they should pay for in the investment? 1 1 The internal rate of return is the interest rate that causes 12. ) A company is considering investing in a project, which will cost $1 75,000, and last for 5 years. Annual net income will be $45,000 and annual cash flow ill be $50,000. What is the payback period from†¦? 13. ) If a project has equal annual cash flows, its cash payback period is computed by dividing the cost of the capital investment by the 14. ) Paschal Company is considering the acquisition of new equipment at a cost of $1 , 700,000. The company’s accountants have provided the following additional information about the project for your analysis: Annual net income $360, 000 Net annual cash flow $390,000 Estimated useful life 7 years If the company has established a required rate f return of 1 1 what is the approximate net present value of the equipment acquisition? 5. ) Your analysis of a project under consideration by Davenport Company reveals the following expected performance over it expected three year useful life: Net Income Cash Flow Year 1 year 2 Year 3 535,000 $40,000 $45,000 $50,000 555,000 $60,000 This project has a cost of $110,000 and Davenport has established a discount (hurdle) rate of 9%. What is the approximate net presen t value of the project? 16. ) Complete the statement: Intangible benefits in capital budgeting 17. ) You are evaluating the financial characteristics: Project A Project B Net present value $50,000 exclusive projects which have the following $75,000 Initial investment $200,000 $400,000 project life 4 years 4 years Which project will be accepted? 18. ) Hinges Hardware is evaluating a new retail location and its accountants have prepared some information for your review. Their analysis has established that the new location will costs S 1 , 500,000 and generate net present value of $100,000 using a discount rate of 10%. What is the profitability index for this project? 19. ) Roan, Inc. S analyzing the acquisition of new equipment, which will cost 50,000. Accountants have determined that this equipment will have a five- year useful lifer and in each year generate net income of $1 2,800 and operating cash flow of $14,200. The company requires a 10% return on invested capital. What is the approximate AIR of this equipment acquisition? 20. ) In most cases, prices are set by the 21 Which of the following is not considered a limitation of co st-plus pricing? 22. ) Downing company produces a high-resolution computer monitor. The following information is available for this product: Fixed cost per unit $50 Variable cost per unit $150 Total cost per unit $200 Downing expects to sell 10,000 units per year. The company has decided to price its monitors to earn a 14% return on its investment of $8,000,000 What is the target-selling price per monitor? 23. ) Assuming the selling division has available capacity, a negotiated transfer price should be a maximum of 24. ) The Burnett Company’s Crystal Division normally sells its product for $24 per unit. How to cite Accounting, Papers Accounting Free Essays Require: Choose the best answer for these questions as below: (40 marks) 1. Which of the following costs would be classified as a period cost? a) Direct labor. b) Direct materials. We will write a custom essay sample on Accounting or any similar topic only for you Order Now c) Factory overhead. d) Selling expenses. 2. Costs that rise and fall proportionately with the volume of output are often referred to as: a) variable costs. b) flexible costs. c) idle capacity costs. d) uncontrollable costs. 3. If Company A has a higher proportion of fixed costs relative to variable costs than Company B: a) Company A has a higher break-even point than Company B. b) Company A is more sensitive to changes in sales than Company B. ) Company A has greater risk compared to Company B. d) All of the above are true. 4. The margin of safety ratio is: Page 1 /3 a) higher for a company with lower operating leverage. b) lower for a company with lower operating leverage. c) is not affected by operating leverage. d) is increased by a greater proportion of variable to fixed costs. 5. If unit sales are $12, variable costs are $7. 20 per unit and fixed costs are $24,000 what is the contribution ratio per unit? a) 50% b) 60% c) 40% d) 70% 6. A cost that has already been incurred and cannot be changed is called a(an): a) opportunity cost. ) sunk cost. c) joint cost. d) out of Pocket cost. 7. The human resources department of a large company would be considered: a) a cost center. b) a profit center. c) an investment center. d) a revenue center. 8. The primary difference between profit centers and cost centers is that: a) profit centers generate revenue. b) cost centers incur costs. c) profit centers are evaluated using return on investment criteria. d) profit centers provide services to other centers in the organization. ANSWER 1. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 . †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 . †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 . †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 . †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. II. The Gong Company produces and sells three types of jigsaws, variable speed (A), single speed (B) and variable speed with auto-scrolling (C). Budgeted data is given below: Sales Mix as a Proportion Product Sales Price Variable cost Per Unit of Total Sales Dollars A B C $30 20 40 $15 12 30 Budgeted total fixed costs are $700,000. Page 2 /3 10% 50% 40% Required: (40 marks) 1) Calculate the break-even point in sales dollars for each product based on the budgeted sales mix. 2) Determine the sales dollars of each product needed to generate a budgeted after tax profit of $245,000, assume a 30 % tax rate. ) Determine the sales dollars of each product needed to generate a 14. 5% budgeted return on sales dollars after taxes, a ssume a 30% tax rate. 4) Assuming total sale revenues are $2,500,000; calculate the operating leverage of the Gong Company. Give your idea about this operating leverage. If sales revenue increases by 10%, how will operating profit c hange? III. Henson Company produces go lf discs which it normally sells to retailers for $7 each. The cost of manufacturing 20,000 golf discs is: Materials $10,000 Labor 24,000 Variable overhead 20,000 Fixed overhead 50,000 Total $104,000 Henson also incurs 5% sales commission ($0. 35) on each disc sold. Wood Corporation offers Henson $4. 75 per disc for 4,000 discs. Wood would sell the discs under its own brand name in foreign markets not yet served by Henson. If Henson accepts the offer, its fixed overhead will increase from $50,000 to $55,000 due to the purchase of a new imprinting machine. No sales commission will result from the special order. Required: (20 marks) 1) Prepare a differential a nalysis for the special order. 2) Should Henson accept the special order? Why or why not? The end Page 3 /3 How to cite Accounting, Essay examples Accounting Free Essays

Definiton Of Team Player free essay sample

I think that everyone has been told to be a team player, yet there is no clear definition of what a team player Is. A team player can be associated to any type of profession a person participates In while working with a group of people trying to accomplishment the same goal. In the Webster Student Dictionary, there is nothing about the phrase team player but, the closest to team player is the definition of teamwork, which is defined as Unity of action, as by the players on a team. Some synonyms are collaboration, joint effort, and cooperation.A team player has a plethora of traits and full understanding of the concepts necessary for careful analysis. A good personality would have to Included being friendly and diplomatic which are two biggest traits the player personality would need. Having a friendly personality is to key to keep the harmony with the other players. We will write a custom essay sample on Definiton Of Team Player or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Not having a good personality means that someone in the group may be afraid to approach you or others with a problem or an idea, and that is the most important part about working in a team is the sharing of Ideas and notifying everyone when a problem does occur so that It can e fixed.The diplomatic skills would help end any disputes that other players might have with someone. Motivation drives people to get work done. Some people in the team may not have the same motivational drive that others have. Personality is very important for getting along with others in your team; however, it does not accomplish the task entirely. On the other hand, motivation would be something that is done mostly by the team leader or captain, everyone still has a part to play to ensure that team stays on a successful track. Motivation is the key to why team players try so viciously to complete a goal. By discussing ideas, team players work as a whole to solve problems together and works towards solutions. By working together this gives everyone a chance to input their ideas this makes everyone feel important creating more motivation for everyone In the team. When everyone has a great persona and has contributed his or her own Ideas this will lead to positive motivation for a team. Personality and motivation is what keeps the team together and keeps everything bovine along while they work on achieving a common goal.Just like in soccer, as the team goes for the goal, and drives the ball play downfall the whole time the work When things start to click the team will always be striving for mission accomplishment and constantly wanting the team to be successful. Team players may strive to accomplish a goal by showing no concern for his or her Individual needs by putting that goal before anything else. By doing this the team will want to work together until one task is finished and the more tasks that are accomplished ivies the team more self-assurance for future goals.Those only a few traits of what an ideal team player would possess. From looking at this deflation of a team player Is hard to define, but the Idea Is that everyone learns team. This will help the team complete more goals successfully and will produce many team players where everyone is a leader. To be a team player, one cannot be selfish nor need recognition for ones individual acts or contributions. True team players only express pleasure when the team as a whole is successful.