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The workforce of the enterprise amounts to 150,000 employees. Sainsbury has 525 supermarkets, 303 convenience stores and one bank. Its market share of 16% is the largest in the industry. “The Sainsburys brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food” (Jsainsbury, 2010). This year the company celebrated its 140th birthday. The business priorities of the company are: a) Great food at fair price; b) Accelerating the growth of complimentary non-food ranges; c) Reaching more customers through additional channels; d) Growing supermarket space; e) Active property management (Jsainsbury, 2010). The common stocks of the company are traded in the London Stock Exchange. Information concerning the prices of the stock from April 7, 2010 to April 14, 2010 is illustrated in Appendix B. The company utilized the straight line method to depreciate its assets. Inventories are valued at the lower of cost and net realisable value.
The company’s Chairman is David Tyler.The chief executive officer (CEO) is Justin King, while the chief financial officer (CFO) is Darren Shapland. Mike Coope serves as the Trading Director. The company Chairman started his position on October 1, 2009 replacing Phillip Hampton. He has extensive experience working at the managerial executive level at Experian Group, Burberry plc, and Logica plc. He is currently 56 years of age.
J Sainsbury generated total sales of 18,911 million pounds in fiscal year 2009. In comparison with 2008 the firm was able to increase its revenues by 6%. Despite the fact that the company achieved higher revenues its bottom line was not as good as in 2008. In 2009 Sainsbury’s obtained a net income of 289 million pounds. In 2008 its net income was 329 million pounds. About 68% of the decrease in net income was due to higher income taxes. The total assets of the enterprise in 2009 were 10,033 million pounds.
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The quality of the product and well managed business operations are always prone to capture the taste buds acceptability. Moreover, if the product is marketed properly, then it can help the product to be successful. The given report, hence, provides the financial feasibility of the project which is about introducing a new drink based providing potential investor an attractive opportunity to enter the growing market and earn attractive returns.
It cost me less than half pound per jar to make and I can sell all I can make for 3 pounds. I would need an investment of 80.000 pounds in equipment, marketing and starting supplies to make and sell 15.000 jars of gel per month. I can rent sufficient space of 200 m2 that includes small office for 500 pounds per month.
Accounting just like any profession has a body of theory that consist of principles, assumptions and standards that together form the building blocks of a proper accounting system. The accounting profession has developed a series of standards that are generally accepted and universally practiced.
It is not important whether the cash has been received or not. Similarly cost are recorded when the company incurred expenses irrespective of the payment of those expenses (Dyson, 2010). Matching Concept The term matching means proper association of revenue and expenses.
The company is targeting to sell its products to lower and middle-income individuals. The monthly sales growth of toothbrush and toothpaste is expected to grow at sales of ?100 and ?300 respectively for the first year. Although the market is characterized by a large number of toothpaste and toothbrush brands, the company expects its low-priced products to attract consumers with an intention of saving income.
According to Forbes Fortune 500 companies, the top 5 groups in 2007 included Wal-Mart Stores, Exxon Mobil, General Motors, Chevron, ConocoPhillips. The common point about these groups is that they all own a range of companies and hence are called groups. (Fortune 500, 2007)
Without accounting resources cannot be managed effectively."It is irrefutable that any business organization requires the use of accounting. In fact, the use of accounting dates back from the time a business organization is formed.
Examples of variable costs include labor, cost of distribution, raw materials and use of energy in this whisky company. There are differences between the companies with high variable costs and the ones with high fixed costs. These differences are in terms of
The company will wholly acquire Ranbaxy this year which will make sun pharmaceutical the largest pharmaceutical company of India. Sun pharma has also merged with MSD to provide augmented and differentiated product in the emerging markets. The shares
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