Part 4. Is Dell a merchandiser or a manufacturer? Dell Inc. is both‚ a merchandiser and a manufacturer. The company emphasizes its business model on delivering a quality product to fit customers’ needs‚ in the process Dell may create custom-made products from a variety of suppliers and merchandise them as a finished product directly to a customer. On a different scenario Dell may manufacture a product itself and them merchandise or distribute it within its chain of subsidiaries. What information
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TRUE-FALSE STATEMENTS 8. Closing entries are not needed if the business plans to continue operating in the future and issue financial statements each year. 9. The dividends account is closed to the Income Summary account in order to properly determine net income (or loss) for the period. 10. After closing entries have been journalized and posted‚ all temporary accounts in the ledger should have zero balances. 11. Closing revenue and expense accounts to the
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4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income to meet or
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The Income Statement This indicates financial performance over a period of time. It is usually done at the end of a financial year (30th June)‚ but an income statement can be made up at other times‚ e.g.‚ if a business wishes to apply for a loan‚ the bank may ask for a more recent income statement. The other names for this kind of statement are Revenue Statement and Profit and Loss Statement. Income Statement for Ima Mess‚ year ended 30.6.12 |
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Income statement The income statement or the profit and loss account as it is also called measures reports how much profit (wealth) has the business generated over a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease
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target markets with regard to pricing‚ assorting‚ styling and timing is called Merchandising. • Business requires talented executives with a keen sense of market place‚ finely honed management skills that enable them to make the critical decisions needed to keep a company profitable. The driving and central force in todays apparel business is Who is a Merchandiser?? • Merchandiser is a person who get converted inspiration into design ‚ use technology to conceptualize and address
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what advantages and disadvantages does Megabus have? Megabus being a late mover in the US‚ has allowed the company to learn from past mistakes by companies such as Greyhound‚ who filed for bankruptcy in the mid 90’s and who lost most of it’s business due to poorly maintained terminals‚ high prices for fares and unsafe conditions. Megabus’s advantages include fares as lows as 1 dollar‚ free wi-fi‚ stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase
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ROLE OF MERCHANDISER The merchandiser is responsible for particular lines of merchandise. For example‚ in a department store‚ there may be merchandisers for menswear‚ women’s wear‚ children’s wear etc. the basic duties of the merchandiser can be divided into four areas: planning‚ directing‚ co-coordinating and controlling. Planning: Though the merchandisers may not be directly involved in the actual purchase of merchandise‚ they formulate the policies for the areas in which they are responsible
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For the student’s convenience‚ the following material has been adapted‚ with permission‚ from Walt Disney Company’s Sleeping Beauty Bonds – Duration Analysis‚ Harvard Business School Case 9-294-083‚ Rev. July 13‚ 2000. Copyright © 1994 by the President and Fellows of Harvard College. 1. What are the cash payments associated with the Sleeping Beauties? Who gets how much and when‚ per $100 of bonds issued? 2. What interest rate was used to calculate the price? 3. Next day‚ market yield
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of Technology. He is the author of the widely-acclaimed book The Fifth Discipline: The Art and Practice of the Learning Organization (1990). He can be said to be responsible for the popularity of the concept of a ‘learning organization’ today. Peter Senge argues that not only we humans learn‚ but organizations also. However‚ learning itself may not be enough for the organization to survive in this ever-challenging era. In his book‚ The Fifth Discipline‚ Senge introduced five ‘disciplines’‚ namely
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