Introduction Fast Moving Consumer Goods (FMCG) is the products that are frequently purchase by consumers and it is comparatively low cost in retail shop for example soft drinks or newspaper. Nestle is one of the global leaders in the FMCG segment. Nestle is a Swiss multinational food and beverage company which was founded in 1866 by Henri Nestle. It has around 450 factories and operates in 86 countries included Malaysia. Nestle Malaysia started in 1912 as the Anglo-Swiss Condensed Milk Company in Penang
Premium Maggi Marketing Malaysia
Identification‚ FIFO‚ LIFO‚ and Weighted-Average Swing Company’s beginning inventory and purchases during the fiscal year ended September 30‚ 20-2‚ were as follows: Use the following information for the specific identification method. There are 1‚300 units of inventory on hand on September 30‚ 20-2. Of these 1‚300 units: Required: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30‚ 20-2‚ and ending inventory on September 30‚ 20-2‚ under each of the
Premium Inventory FIFO and LIFO accounting
the LIFO method should not be repealed in the context of business tax reform In response to proposals by the Obama Administration to repeal the LIFO inventory method as part of the Administration’s budget proposals for Fiscal Years 2010-2013‚ the LIFO Coalition‚ which represents trade associations and business of every size and industry that employ the LIFO method‚ provided reasons why the LIFO method should not be repealed. The reasons for opposing the repeal of the LIFO inventory method
Premium Tax Income tax FIFO and LIFO accounting
Merrimack Tractors and Mowers‚ Inc.: LIFO or FIFO? 1.- Study the financial information for reel mower units that James Colburn prepared for Rick Martino. (Assume that the reel mower units are typical of all classes of inventory at Merrimack). Prepare a pro-forma income statement assuming no changes in accounting policy for 2008‚ and assuming the company sells 10‚000 units each quarter at a price of 2‚000 per unit with Sales General and Administration costs the same as for 2007. Sales Quarter Units
Premium Revenue Inventory Income statement
Analysis of FMCG market……… 5. Fast Moving Consumer Goods (FMCG) FMCG are products that have a quick shelf turnover‚ at relatively low-cost and don’t require a lot of thought‚ time and financial investment to purchase. The margin of profit on every individual FMCG product is less. However the huge number of goods sold is what makes the difference. Hence profit in FMCG goods always translates to number of goods sold. Fast
Premium Fast moving consumer goods
Inventory Valuation 1 Lewis Corporation Case: 6-2 Page: 173 2 Lewis Corporation Traditionally used inventory valuation method: FIFO Uses periodic inventory system 3 Inventory Transaction 2005-2007 No. of Cartons Price per Carton 2005 2006 2007 2005 2006 2007 Beginning balance 1840 1020 1040 $20.00 Purchases 600 700 1000 $20.25 $21.50 $22.50 800 700 700 $21.00 $21.50 $22.75 400 700 700 $21.25 $22.00 $23.00 200 1000 700 $21.50 $22.25 $23.50 Sales 2820 3080 2950 $34
Premium Inventory
1. INVENTORY A in X The inventory of Product A and data on purchases and sales for a two-month period in Company X follow. Company X closes its books at the end of each month. It uses a periodic inventory system. Apr. 1 10 17 30 Beginning inventory Purchase Sale Ending inventory 50 units 100 units 90 units 60 units @€204 @€220 May 2 14 22 30 31 Purchase Purchase Purchase Sale Ending inventory 100 units 50 units 60 units 200 units 70 units @€216
Premium Inventory FIFO and LIFO accounting Revenue
Index FMCG Industry FMCG stands for Fast Moving Consumer Goods. FMCG products are also known as consumer packaged goods. These goods are generally replaced within a year. This sector is the fourth largest sector in the economy and contributes to 3 million employment opportunities. This industry is characterised by well established distribution network‚ high penetration levels‚ low per capita consumption and intense competition between organised and unorganised segments. The total FMCG market is
Premium Fast moving consumer goods Marketing Unilever
value LIFO method is another approach used for inventory valuation‚ it follows the last in first out but take into consideration the impact of inflation. The dollar value LIFO method is derived from the LIFO method and it’s designed to overcome the main problem of LIFO method which is liquidation. The dollar value LIFO method groups all type of goods in the inventory in a pool and the pool is measured by the total dollar amount instead of physical quantity. The balance sheet view differ under the
Premium Inventory Inventory Units of measurement
SYNOPSIS - Study Of Consumer Oriented Sales Promotion in FMCG (HUL - Hindustan Unilever) Made by: Shiva Purswani INTRODUCTION Now a days most of the FMCG companies are considering sales promotion as an important part of their marketing strategy
Premium Marketing