Net sales for the month ended September 31, 2016 decreased approximately 3.7% to $573k from $594k in September 2015. Bimba sales comprised 62.1% of total sales in September 2016 versus 75.1% in September of 2015. Lyon & Healy and Ocenco sales exceeded prior year by $53k collectively. Net purchases in September 2016 were $119k or 20.7% of sales compared with $160k or 26.7% of sales. Lower volume and considerably lower metal pricing contributed to the 25.2% decrease. September 2016 net…
With ABC in 2014 taking on average 64 days to sell its stock, it achieved a 5.7 times inventory turnover ratio (365 days divided by 64) which can be considered an appropriate for the company with similar nature of the business. Days debtors has been decreasing by one day on year by year basis since 2012. This would suggest that the company is getting better in collecting its debts. Section k in notes 1 of ABC’s annual report 2014 stipulates that ‘trade receivables are due for settlement no…
c. The reason the cost of OS-367 increased under the ABC system while the cost of GS-157 decreased is due to the total allocated cost for each product was different from the allocated cost under the Traditional costing system. Traditional allocation methods divide cost by departments and distribute the costs between the departments as they relate to volume-based cost drivers (Edmonds, Tsay, & Olds, 2011). However, ABC allocation methods differs by dividing the cost by activity centers and…
In the prompt it is stated that a recent study with several adverstising executives evinces that companies whose executives need to sleep less than 6 hours tend to have a higher profit margin and faster growth. The study indicated an association between the average hours of sleep and the professional performance reported by 300 pooled executives. Therefore, the prompt recommends that in order to ensure that its business to prosper, companies should refrain from hiring executives that sleep more…
Tamborini, 2010; Butrica & Karamcheva, 2013). Even more troublesome, while numerous individuals are comfortable with the usage of credit cards and other forms of borrowing, a limited number of consumers possess fundamental knowledge regarding debt. Poor financial decision-making appears to be a prevailing occurrence, with considerable consequences, that often goes unnoticed until a point of crisis is reached (Gerardi, Goette, & Meier, 2010; Hung, Parker, & Yoong, 2009; Lusardi,…
Amazon.com, Inc. Furthermore, Wal-Mart Stores, Inc. has higher number of employees which is mostly due to having physical stores and Amazon.com, Inc. being an electronic retailer. Inventory turnover for both companies are nearly the same which this ratio means the number of times inventory is sold or used in a time period. Wal-Mart Stores, Inc. has a higher asset…
Group; JPMorgan Chase International Council; Museumsfonden af 7. december 1966; Louisiana – Fonden; Louisiana Museum of Modern Art. Education: Master of Law, 1980 Qualifications: Long experience as CEO and chairman of many major, listed companies, financial and accounting knowledge and insight in risk management. Not considered independent due to more than 12 years of service on the board Ane Mærsk Mc-Kinney Uggla Vice Chairman, Born 1948, joined the board in 1991. Other management duties,…
First, I would go over the variety of the loan on the market and explain the deference between Conventional, FHA and VA loan. However, because my client is a US military veteran it’s more beneficial for him, to go with the VA loan. I would be explaining deeply about the advantage and disadvantage of the VA loan and going over the bury market in the area he/she is looking home. I would explain that this type of loan is just for eligible service members and veterans, which is the provided by…
The higher income households in the United States are gradually earning far more than those who earn middle or lower income. Although the gap between incomes was relatively lower between the 1950s-1980s, it has significantly increased since the 1970s; this disparity is otherwise known as the “Great Divergence”. A similar occurrence to the Great Divergence took place during the Gilded Age to around 1937. The next ten years showed a decrease in the disproportion, partially caused by the New Deal…
Describe the main issues/barriers that separate each side. The main issue that separated AT&T vs. The Department of Justice during this negations were Horizontal Merger Guidelines. Those guidelines include the Herfindahl-Hirschman Index (HHI), the analytical tool that regulators use to evaluate these deals to determine if the transaction is likely to be anticompetitive. The HHI is a measure of market concentration that factors in the number of firms in a given industry and their respective…