And these ratio is an efficiency ratio that shows how effectively inventory is managed by comparing cost of goods sold with average inventory for a period. This measures how many times product is sold during a period. Table of COGS and Average stock 4.13 In cr. Particular YEAR 2010-11 YEAR 2011-12 YEAR 2012-13 YEAR 2013-14 COGS 2610000000 2140000000 3580000000 3690000000 Average Stock 113000000 92600000 176000000 210000000 Stock Turnover Ratio 23.03 23.15 20.31 17.54 Sources of data collection are Annual report and balance sheet Chart of COGS and average stock 4.20 Chart of stock turnover ratio 4.21 Interpretation RCDF stock turnover ratio was 2010-11 23.03 and 2011-12 was 23.15 that are good that ratio shows RCDF have proper control on stock. RCDF have proper management on average inventory and maintain cost of goods sold.
4) What is Dollarama’s inventory turnover ratio and elaborate on how this can be a performance indicator? The inventory turnover ratio shows how many times the company’s inventory has been sold and replaced over the period of one fiscal year. The inventory ratio is meant predict and examine how long will it take for the company to convert its merchandise into cash (depending on the sale of the product). Inventory Turnover Ratio = cost of goods / average inventory = $1,858,818
• Income statement The income statement reports the profit of the company during a given accounting period. Companies can determine both the gross profit and net profit from this information. Gross profit is the amount of money from the sale going to the cost of goods sold. Net income indicates what portion of sales
The neoclassical theory of wages argues that wages are tied to productivity (Granovetter, 1977). This theory states that the productivity of a given worker is directly related to the wage that the individual is paid. It does not account for the difference in productivity of two equally paid employees. During the second half of the 20th century, a new theory, human capital, was developed to explain the difference between two equally paid employees. In 1962, economist Gary Becker wrote a seminal paper that formalized the theory of human capital and argued that this theory can determine the distribution of earnings, and can help explain the difference in performance between two equally paid employees.
Unemployment in America can be caused by numerous factors such as the condition of our countries economy, jobs being created overseas due to the cheaper labor costs, and demographics across the country where job surges can occur. The United States government utilizes the rates formed the statistics received by the Bureau of Labor Statistics, in order to determine a rate at which people are unemployed each month. This method consists of The Bureau of Labor Statistics conducting a survey the Current Population Survey. Now, what does the government consider as being unemployed? The Bureau of Labor Statistics currently uses six measurements when calculating unemployment that range from U-1 to U-6, and each looks at various aspects to determine
This hapter also provides idea about choosing an inventory-management system, not just an EOQ. II.OBJECTIVES OF THE STUDY To find out the economic order quantity of the various products of the company. To analyze the inventory management technique used in the company. To suggest ideas to manage the order quantity so company can save annual by taking difference of variable
A STUDY ON COMPARATIVE FINANCIAL PERFORMANCE ANALYSIS OF FORCE MOTOR LIMITED *Dr.M.Ravichandran** M.Venkata Subramanian ABSTRACT Financial analysis referred to financial statement analysis or accounting analysis refers to an assessment of the viability, stability and profitability of a business, sub-business or project. The main idea behind this study is to analyze the financial operating position of the company. This research is done with help of secondary data which is gathered from the annual report of the company. The financial performance can be measured by using various financial tools such as profitability ratio, solvency ratio, comparative statement, etc. Based on the analysis, findings have been arrived that the company has got enough
Machine Hour Rate Machine hour rate is the cost of running a machine per hour. It is calculated by dividing the amount of expenses to be absorbed by the number of machine hour. This rate is calculated separately for each machine or class of similar machines. Mathematically, Machine hour rate= (Overhead to be absorbed)/(No.of machine hours) To calculate absorption rate, the machine hour rate is predetermined. Overheads are now calculated as: Overheads to be charged to a product/job = No.of hours for which machine is used for the product or job x machine hour rate This method is mostly used in the industries where machine use is higher than manual labour.
Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives. For example: A company such as reliance Retail, can have a strategy of providing quality products or service at a low price, another company such as Porsche, can have a strategy of providing a unique product and services that is higher than the products or services of competitors. The preceding four steps describe the ongoing budget process. The working document at the core of this process is called the master budget. The master budget express management’s operating and financial plans for a specified period (usually a fiscal year), and it includes a set of budget financial statements.
While organizing a career fair and sending last but one student for industrial placement is commendable effort, these are just not enough. The economy factor also causes why graduates unemployed. The changing of the economic structure and landscape is a probable cause for the rise in the unemployment. The services sector requires people who do not only possess the right technical knowledge, but also those with the right soft skills such as interpersonal, communication, wisdom, maturity and business