Nobody downloaded yet

You have developed a wristwatch, which you believe could revolutionise the watch market. Following on from the Dragons Den success of Levi Roots Reggae Reggae Sauce (search the internet if you are unfamiliar with this story), you have decided to make a - Essay Example

Comments (0) Cite this document
Summary
The financial report at hand is going to elucidate and comprehensively make a summary of the wristwatch performance for the accounting period ending 31st December 2015. This will coincide with the income year end. The report has the following pertinent statements: the statement…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
You have developed a wristwatch, which you believe could revolutionise the watch market. Following on from the Dragons Den success of Levi Roots Reggae Reggae Sauce (search the internet if you are unfamiliar with this story), you have decided to make a
Read TextPreview

Extract of sample
"You have developed a wristwatch, which you believe could revolutionise the watch market. Following on from the Dragons Den success of Levi Roots Reggae Reggae Sauce (search the internet if you are unfamiliar with this story), you have decided to make a"

Download file to see previous pages At the end of the year, the profit generation will be £4515679 (88.75% net profit margin appendix 4). The cash balance for the product will be £3797362 and consequently the total sales are anticipated to be £52141029.
I have decided to use cost accounting especially the marginal costing to clearly illustrate the contribution each unit of the product can yield as opposed by the full costing method. The idea of the wristwatch can be funded by $75,000 as starting capital (appendix2). For every business, capital is not critical and, therefore, calls upon an individual to put the idea into practical through funds (Marchal & Sauvé, 2010). It is clear that the capital outlay is somehow enormous, but this is because raw materials that are used to manufacture the watch. The watch requires material such as stainless steel, gallium phosphide, alkaline liquid, gold plated and quartz crystals.
The Net Profit of £4515679 represents a margin of 88.75% (appendix 3) demonstrating the low burden of our fixed costs on our turnover. Comparing with an industrial average of 70.65% it is clear that we are performing well in our hub trading and common activities, creation vigorous margins for a start-up business, and we are taking a commendable strategy on the risk.
To arrive at the net profit, a number of deductions should be made for the grant. These include expenses for labor, insurance of the building, advertisement cost and power for the production (Peterson & Fabozzi, 2006). On aggregate, the total costs sum up to $252601. Since they are costs to be incurred, they are deducted to get the net profit for the firm. The net profit for the product is $1262884. To combat bankruptcy, there is a cash of £3797362 (appendix 4) has been put in petty cash. The cash budget has authorized us ample time to recognize this setback and arrange appropriate financing option (Carey et al., 2011, p14). We are also bearing in mind trying to offer credit to a number of loyal customers ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“You have developed a wristwatch, which you believe could revolutionise Essay”, n.d.)
You have developed a wristwatch, which you believe could revolutionise Essay. Retrieved from https://studentshare.org/finance-accounting/1690519-you-have-developed-a-wristwatch-which-you-believe-could-revolutionise-the-watch-market-following-on-from-the-dragons-den-success-of-levi-roots-reggae-reggae-sauce-search-the-internet-if-you-are-unfamiliar-with-this-story-you-have-decided-to-make-a
(You Have Developed a Wristwatch, Which You Believe Could Revolutionise Essay)
You Have Developed a Wristwatch, Which You Believe Could Revolutionise Essay. https://studentshare.org/finance-accounting/1690519-you-have-developed-a-wristwatch-which-you-believe-could-revolutionise-the-watch-market-following-on-from-the-dragons-den-success-of-levi-roots-reggae-reggae-sauce-search-the-internet-if-you-are-unfamiliar-with-this-story-you-have-decided-to-make-a.
“You Have Developed a Wristwatch, Which You Believe Could Revolutionise Essay”, n.d. https://studentshare.org/finance-accounting/1690519-you-have-developed-a-wristwatch-which-you-believe-could-revolutionise-the-watch-market-following-on-from-the-dragons-den-success-of-levi-roots-reggae-reggae-sauce-search-the-internet-if-you-are-unfamiliar-with-this-story-you-have-decided-to-make-a.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
You are what you eat
... in the same basic climate. After learning more about this food, I can't say I won't ever eat it again, but I probably won't buy the prepackaged bean dip anymore. During my research, I discovered a recipe to be able to make this same bean dip at home using local ingredients and very little machinery. I have been considering starting my own container garden for a while. Since I don't eat this very often and I can grow the ingredients in my own home, I may try this as an experiment. Even if it doesn't work to grow my own supplies, I could buy locally grown ingredients and make my own dip using much fewer resources.... Word count: 632 You Are What You Eat An ecological footprint is a measure of how many...
2 Pages(500 words)Research Paper
You Are What You Eat
...? I take a fairly balanced diet every day. It ranges from bread and egg to pulses, vegetables and meat with little fast food in between. I take three meals a day and eat a lot, however I also exercise quite regularly which helps maintain a balance. Also I exercise a lot which I consider a great way to keep myself in shape. With so many activities, it is important to have a balanced and a varied diet. I do not have any health conditions nor is anyone in my family suffering from a disease that has genetic origins therefore I do not have pre-disposition to acquire a genetic disease. The top ingredients in my diet are carbohydrates, proteins, fats. Protein is a natural ingredient which is present in all the living organisms. It is one... of the...
2 Pages(500 words)Essay
Reggae Music
...as Joshua (the Savior) and his incumbent opponent is taken as the Pharoah. Need less to say, such powerful biblical symbolism made a critical impact on the Jamaican society, which was highly religious, and made Michael Manley the Prime Minister. The people will later be disappointed with Manley and disillusioned of his promises of paradise are quite another story (Cooper 1996). The Rastafarian tradition in Reggae is followed by mixing important biblical texts and symbols. Some other songs of this period that deserve mention are Max Romeo’s “Let the Power Fall on I”, based on the Revivalist hymn “Let the Power Fall on Me”. Ras Michael and the Sons of Negus’ “Ethiopian National...
4 Pages(1000 words)Essay
Reggae
...of the Rastafarian religion absorbed itself into the songs. “One of the outgrowths of Rastafarianism is its heavy influence in reggae music” (Robinson). As reggae music refused to let itself become the sound of the industrial western world, Rastafarianism rejected the world commonly referred to as “Babylon”. The last emperor of Ethiopia, Hailie Selassie, was believed to have been the rebirth of the Messiah in the Rastafarian faith. He was incredibly influential with his opinions concerning the persistent problems plaguing the peoples of Africa. In a speech he delivered before the United Nations, Selassie expressed his hopes for the future of the non-white and lower...
4 Pages(1000 words)Essay
You can make a topic
...the African American males. Most Hip Hop artists, according to McWhorter, do not have high school diplomas or university degrees. Instead of being embarrassed by this fact and seeking to hide it as they look for ways to complete their studies, Hip Hop artistes brag about such facts as though they were accomplishments. This, according to McWhorter, will merely serve to encourage the teenagers who idolize them to cut short their education in the hope that they too will become successful musicians. When an entire generation of young men makes such a decision, the African American collective is adversely affected and becomes a liability to the wider society. McWhorter comments that, at...
4 Pages(1000 words)Research Paper
You can make a topic
...of these animals when at the same time advocating for the hunting. However, this whole discussion leave humans at the centre with his role being defined by nature and morality in respect to safeguarding the interests of animals which are notably prone to sufferings. The liberationist movements therefore champion the role of human beings to relieving distressed animals of their sufferings. Nevertheless, another contention arises with the reasoning that though the liberationist strive for the safeguarding of the interests of the animals, they have no concern about the ethical concern on environment as envisaged by the environmentalists. Nevertheless, in the discussion, the ‘rights’ both to human beings and animals...
2 Pages(500 words)Essay
You decided
...to a 50% tax. Thus, Tax deferment will be in handy. The IRS issues penalties if there is any delay in the tax returns but to prevent this requires filling an extension and thus she will have extra time to finish up her personal tax returns. In 2010, the IRS had announced the need to audit small businesses for credibility and the use of electronic files. This was mainly to enable them to be more proficient when examining records, and this are also a much faster method of resolving issues. In addition, reviewing the US accounting rules Generally Accepted Accounting Principles (GAAP), mainly to prepare the financial statements. Combining the efforts of IRS and GAAP will have a positive impact on the cost...
2 Pages(500 words)Case Study
Make me believe you
...Euthanasia College: Medicine is becoming more and more powerful every year. Some of diseases and injuries, however, cannot be treated even today. As a result, a great number of people have to put up with it, endure severe pain, live owing to a feeding tube and wait till their suffering is over. These people have to anguish because there is no other way to deal with it. I believe that such people have the right to decide when and how they want to stop suffering. In other words, I believe that euthanasia should be allowed. First of all, it is the matter of human rights. Every person has a right to life. So why do not they...
1 Pages(250 words)Essay
You decided
... of other students is their mandate. Overall, it is crucial for the organization needs to do a proper market research before starting the campaign. This will help the committee address its concerns of understanding the target group, how to reach this group, and the best place to reach them. When a good marketing plan has been developed, unnecessary costs will be avoided and therefore, we can be able to work with the limited budget. I hope this input will be helpful to the successful completion of this campaign. Thank you. Bibliography Hague, P. (2004). Market Research in Practice: A Guide to the Basics. London: Kogan Page.... Case Study Number) al Affiliation) INTERNAL MEMO REF: I am writing this memo to addressthe various concerns raised...
1 Pages(250 words)Case Study
Race make you a victim
...Race and Victimization Race and Victimization It is almost unfathomable to consider that race should play a part in howvictims in a developed country such as America are treated, yet statistical evidence bears out that this is exactly the situation that many members of society find themselves in today. Consider the case of Lisa. She comes a poorer demographic background just struggling to make ends meet. Unlike many in the wealthy class, when she was the victim of a crime that she had no fault in causing, she simply got little to no police response. In fact, she was further victimized by the reality that a traffic accident she did not cause was going to end up costing her in more way than one. The very system that is designed... to...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic You have developed a wristwatch, which you believe could revolutionise the watch market. Following on from the Dragons Den success of Levi Roots Reggae Reggae Sauce (search the internet if you are unfamiliar with this story), you have decided to make a for FREE!
Contact Us