Custom Snowboards Inc. has had increased net sales in the past three years. Net sales went up .23% in year 13 and .93% in year 14. Cost of goods sold (consisting of direct material, labor, and overhead) and in relation Gross Profit, also increased by the same percentages. Using the historical data, we use the trend analysis to determine what sales will be like in future years. The company’s trend analysis shows this increase in net sales and gross profit will continue well into year 17. Using base year 12, historical data shows an increase to 100.2% in year 13 and another .7% increase to 100.9% in year 14. Then to further review the upcoming year’s predictions, Custom Snowboards uses year 14 as the base year at $6,955,200. Year 15 increases to $7,163,856, a 3% increase. Year 16 slows slightly to $7,094,304, down a percent from year 15 but still an increase of 2% from the base year. Year 17 shows net sales at 103.7% of the base year 14 earnings. This indicates the company has worthy cost control in revenue.…
Drowling Mountain non-profit Ski Resort was the popular choice among Syracuse residents, New York. However, the company has experienced loess for the past two years. Due to the fact that too many competitors with lowers prices and current state of economic recession (appendix 1), in addition, the company is debt heavy (appendix 2) to an extent that impacting its profitability. Based on those reasons, the company needs to be reactive and proactive in order to survival in the changing internal and external environments. Based on the analysis undertaken and the trade-offs considered (Appendix 3), it is recommended that Drownling Mountain, reducing its operation costs, modifying its marketing plan and justifying its current pricing strategy.…
Audit documentation is the written record of the basis for the auditor's conclusions that provides the support for the auditor's representations. In addition, audit documentation includes records of the planning and performance of the work, the procedures performed, evidence obtained, and conclusions reached by the auditor. Audit documentation also may be referred to as work papers or working papers. In the runners shop case, audit documentation is significant for the audit work performed by Green and Brown, LLP, it has specific purpose to support the audit work. As we know, audit documentation has significant role in auditing because it enables auditors to provide reasonable assurance for clients.…
|1 |What are the respective amounts and percentages of Materials, Labor, Overhead and Other in total COGS for ABC? |…
Jen Stein, Zach Verch Skiing trends Equipment and Other Costs Community vs Destination Resort ? Effects of Tourism yracuse Ski Industy o Constantly facing challenges…
Nyke Shoe Company has been in business for over 50 years. Over the last five years, the company has been undergoing some financial hardship due to an erratic market and an inability to understand what the consumer actually needs. In a last ditch effort to avoid bankruptcy, they have adopted a new business model which entails the development of only one shoe size. In order to achieve this goal, statistical data must be utilized and applied to make the best choice. The data used will be explained to the fullest and a conclusion will be then obtained.…
As the hockey skate market matures and becomes more concentrated with a few large competitors (Exhibit 6), the competition to provide high-quality top-notch products increases. With the hopes of satisfying the most critical target segment of consumers aged from 12-18, who are known as “the Boss”, CCM launched its new line of skate known as U+ Pro that incorporated the U-Foam technology which had the ability to take unique shape of each individual foot. The production and launch of the U+ Pro skate was rushed as CCM took aggressive marketing actions to push its product through to its retailers and finally to reach the end users. As a result, the new line of skates started experiencing quality issues soon after, mainly in its durability, and CCM has since attempted to fix this problem through re-launch of its new and improved line of skates known as U+ Pro Reloaded. CCM has decided to change its traditional launch strategy of releasing its products in March/April, and instead decided to release during the fall hoping that consumers, having acquired these skates in the fall, would use them in the coming summer (Refer to Appendix (A) for detailed timeline of events leading up to the decision). CCM now faces a major decision in deciding the marketing and positioning strategy for their new line of U+ Pro Reloaded skates, which has been…
In comparison with Patagonia, BG Group’s primary customer will be lowly educated, low income consumers of average quality outdoor apparel and equipment, but with a focus on fashionable apparel and dependable equipment. Patagonia is not a low cost provider, develops products for the “core user”, charges higher than the industry average, ignores fads and the next generation customer, and views things in psychographics rather than demographics. Yet globally, the younger population tends to be the most adventurous, fashion focused, has the least amount of funds to disburse towards purchases, and remains as loyal as older individuals to their most liked brand names. By charging less, BG Group will plan to sell more in bulk and mass produce, which will dramatically lower costs of production. “Hard core” followers, those persons who are extremely environmental conscious, are few and far between in this generation. Hence, Patagonia’s median customer age is forty-four. However, the next generation is more aggregate based rather than detail based, enjoys the never-ending challenge of conquering nature over the weekly athletic adventure, does not focus on environmental friendly equipment, and the professional backgrounds of a company. The next generation wants to be fashionable, but still have dependable, long lasting material and equipment. The VP of…
After reviewing Liedtke’s projections, we determined that they seem reasonable overall. One area we may consider altering is the revenue projections. The Revenue growth for each firm seems a bit aggressive. The growth rate of Men’ Athletic Footwear continue decline from 15.39% in 2007 to 5% in 2011 while it was 15.39% and 44.24% in 2005 and 2006. The growth rate of Men’s Casual Footwear remain stable around 2%-3% while…
1. What is the lead time for production of skiwear? What are the factors that…
A Market Plan in the Speedo International Limited Executive Summary Speedo International Limited manufactures swimwear of all types for recreation and also for competition. This marketing plan illustrates the strategies that the company is using in order to get retain its customers and to win others. It also illustrates the strategies that the company is employing in order to cope with the stiff competition that is in the market. Until some years ago, Speedo enjoyed an almost monopolistic business with few competitors and definitely none in its league. In the beginning of the decade, giants like Nike and Adidas diversified their business to include manufacturing swimwear. This brought about unexpected stiff competition. As a result, the company has taken a new look at its marketing strategies in order to beat this competition. In this paper, an internal environment situational analysis has been carried out on products, financial and non-financial situation and channels of distribution of the products. This analysis has shown that despite the recent economic crunch, the situation is not very bad. One particular product LZR Racer has help boost the sales of the company beyond anybody’s expectation. Though still facing some controversy, this swimsuit still remains the one single item doing very well and helping in boosting the sales of the other products. Since the company can control the internal environment, this market plan has laid down the steps and strategies that the company is taking in order to boost sales and enhance customer satisfaction. This paper goes further and takes an analysis of the external environment. The company has no control over the external environment. It is however important to do this analysis in order to be pre4pared and avoid being caught by surprise in by things which are predictable. Analysis of markets and the state of competition has been done. New companies in the industry still remain the greatest competitors. These include…
The athletic apparel and footwear market in Europe has emerged as one of the growing markets in the world due to increasing sports participation of the people, rising health awareness and growing disposable incomes. The market has registered a CAGR of 5.4% during 2008-2013 by rising from USD ~ million in 2008 to USD ~ million in 2013. China is the major supplier of sports clothing in Europe with ~% of the total athletic apparel import from the developing nations in the region in 2012.…
The biggest challenge Sport Obermeyer is facing is uncertainty. The demand for each of the styles is completely un-deterministic and is very hard to predict. At the same time, Obermeyer production cycle is very long which is making it nearly impossible to adapt to the market. On one hand, if the produced items do not sell, Obermeyer incurs the loss of manufacturing cost. On the other hand, if we do not produce enough of the product to meet all of the demand for it, we lose the unattained revenue and lost demand that will shift to another product. Thus in both cases, the uncertain demand is costing Obermeyer a lot. Coupling this with their inflexibility to meet unexpected or unplanned demand puts a big challenge to Obermeyer. The large batch sizes required by manufacturers for Obermeyer further highly restricts Obermeyer ability to respond to uncertain demand.…
The data package we received includes prices and demands for Bergstiefel (Mountain boots) for more than four years, beginning at February 2008, ending in September 2012. As the prices of the Bergstiefel changed almost every month and the prices as well as the quantity demanded is wide-spread we used the regression analysis in order to determine the demand function of the product, the total revenue, and the revenue maximizing optimal price.…
We are innovation and design leaders who seek to help athletes of all skill levelsachieve peak performance with every product we bring to the market.We are a global organization that is socially and environmentally responsible, creativeand financially rewarding for our employees and shareholders.We are committed to continuously strengthening our brands and products to improveour competitive position and financial performance.In the medium term, we will extend our leading market position in Europe, expandour share of the US footwear market and be the fastest growing major sporting goodssupplier in Asia and Latin America. The resulting top-line growth, together with strictcost control and working capital improvements, will drive over-proportionate earningsgrowth.? Decision-making style: Centralized / programmedS.W.O.T.…