Tuesday, December 31, 2019

COMPARISON WALMART AND TARGET - 1469 Words

The annual reports of Wal-Mart and Target are provided free of charge via walmart.com and target.com. Upon inspection, the Wal-Mart and target reports include meaningful financial statements, including the Statement of Owners Equity, Income Statement, and Balance Sheet. These statements were obtained through 10-K statements available on walmart.com and target.com. In comparing the statements of these companies, Wal-Mart and Target both provide multi-step Statements of Operations, which include the current and previous 2 years financial information. Selected Data from Statement of Operations (Dollars in Millions) Wal-Mart (2002) Wal-Mart (2001) Wal-Mart (2002) Wal-Mart (2001) Sales$5,269.3$4,870.3$3,486.1$3,387.9 Gross†¦show more content†¦Legal settlements, property and equipment, income tax and commitments are also noted. Wal-Mart notes to financial statements state that merchandise inventories are stated at lower cost or market using the retail inventory method on the FIFO basis for 82% of the companys inventory. GameStop inventory (or remaining %) is recorded at average cost, and valued on the LIFO method. Target states that if all inventories valued at LIFO costs were valued at current costs, inventories would remain unchanged. Depreciation is calculated using the straight-line method over the useful life of the asset, while different methods are used for tax purposes. Wal-Mart records all short-term instruments with original maturity dates of 3 months or less as cash equivalents. Revenues are recognized at the time of sale, and sales returns are recognized at the time of return. Additional notes to financial statements are numerous, and include a disclosure of stock option plans, pension and retirement plans, acquisitions, and leasing agreements. Advertising, legal and subscription service revenue s are also discussed. To provide a detailed comparison of Wal-Mart and Target, ratios were calculated in the following areas: Liquidity, Profitability, Long-Term Solvency, Cash Flow Adequacy, and Market Strength. The results of these calculations are shown on the following page. Liquidity Ratios (2002-2001)Target (2002-2001) Wal-Mart Working Capital ($ millions)Show MoreRelatedTarget Strategic Audit Essay15491 Words   |  62 Pagesï » ¿ TARGET CORPORATION STRATEGIC AUDIT MGMT 7160 Fall 2013 Executive Summary This report examines Target Corporation’s performance in a detailed strategic audit. The audit includes an external, internal and strategic analysis as well as a recommended course of action. The findings of the audit recommend a robust on-line/mobile presence to complement in-store sales, and to increase future earnings to remain competitive by building upon physical assets, brand value and logisticalRead MoreSustainable Solutions11923 Words   |  48 PagesRunning head: SUSTAINABLE SOLUTIONS 1 Sustainable Solutions Paper Katherine Kem DBA Strategy Dr. Robert Hockin, Instructor February 21, 2010 Running head: SUSTAINABLE SOLUTIONS Sustainable Solutions Paper Walmart has some of the best supply chain methods in the market, and is working to become an industry leader in sustainability. Despite this, there is much criticism of this ‘giant’, and an in-depth look of their organization from a sustainable lens will review their successes, failuresRead MoreCompany Report And Financial Analysis Essay4668 Words   |  19 Pages pet supplies, photo finishing, party supplies, grocery, sports, fitness equipment, home improvements, footwear, and etc. All Wal-Mart stores provide products related to the daily needs of customers. Aside from their products, Walmart offers services like Walmart-2-Walmart, Pickup today, Walmart.com, Wal-Mart pay and the Wal-Mart money card (walmart.com, 2016). These services are meant to facilitate the customer that is the basic objective of the company. Mainly, this company is providing differentRead MoreBusiness Strategy5872 Words   |  24 P ageslevying new taxation rules, restrictions on imports and exports etc. (Jobber D, 2006) Recently Amazon called for new sales tax law in California, because there was no policy to charge sales tax on online retailers before, but in recent amendments in state law of California added that those who have either physical presence or affiliation in California to do business must be liable for sales tax. (Taxnick, 2011), (McCullagh D, 2012) Managing Strategy 5 Amazon Taxation on online sales may have greatRead MoreWal Mart s Company Overview And History4402 Words   |  18 Pagesrecorded annual sales of $78 million by 1972 when Wal-Mart was listed on the New York Stock Exchange (WMT). After a decade of several firsts, Wal-Mart reached $1 billion in annual sales in 1980, faster than any other company at that time. By 1990, Walmart became the nation s number-one retailer. As the Wal-Mart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices (EDLP) slogan went international. In the new millennium, Wal-Mart has dedicated to offering customers a seamlessRead MoreEssay on Walmart16417 Words   |  66 PagesWalmart From Wikipedia, the free encyclopedia Wal-Mart Stores, Inc. (NYSE: WMT (http://www.nyse.com/about/listed/lcddata.html?ticker=wmt) ), branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the worlds third largest public corporation, according to the Fortune Global 500 list in 2012, the biggest private employer in the world with over two million employees, and is the largest retailerRead MoreBudgens Stores Ltd: Global Expansion Recommendations3238 Words   |  13 Pagesleading retail giants like Walmart, Target Corporation, K-Mart, etc (Fernie Ebooks Corporation, 2005). China: a Potential International Location: Keeping in view the resources, competencies, and current financial strength of Budgens Stores, it is suggested that it should expand its operations in the Chinese market. China is the worlds largest country on the basis of population and industrial growth. If Budgens enters into the Chinese market, it will be able to target a large number of customersRead MoreDigital personalization in product and service offerings, Internet-based selling in systems design, pricing, and mechanisms for customer influence and persuasion3335 Words   |  14 PagesDVDs to a user based on their history of book purchases (Rayport and Jaworski, 2001). This paper provides an in-depth literature review to show how through Electronic Commerce, businesses are able to digitally personalise their offerings to target a certain consumer base and also how internet based selling mechanisms help to influence customers. The paper is structured in two sections. The first section of this article is organised to explain the definition and effect of digital personalisationRead MoreEssay on Wal-Mart Marketing Plan6952 Words   |  28 Pagesthis marketing plan several areas need to be addressed. The team will work through the organizational overview, the description of new services, importance of marketing, SWOT analysis, the market research approach, market segmentation criteria, the target audience, buyers and consumers, factors that affect the strategy, competition, attributes, product life cycle, position and differentiation strategies, life cycle marketing, pricing strategy, the place and promotion strategy, initial sales promotionRead MoreWalmart China12415 Words   |  50 Pagesthere were plenty of them. According to Euromonitor, in the early 2010s, China had at least 32 hypermarket operators, or food and beverage outlets with more than 2,500 square meters. At the same time, the United States had only 10 operators, with WalMart being the largest and controlling 80% of the market. Wal-Mart Strategy in China—2012 In 2012, as Wal-Mart approached its second decade in China, it continued to struggle to reaffirm its strategic presence. But how exactly was Wal-Mart planning

Monday, December 23, 2019

Saving Grace, Enduring Love - 1497 Words

Saving Grace, Enduring Love With there being over 6500 languages spoken around the world and more than 5000 different ethnicities in existence, the probability of finding one single idea for the entire world to agree on is slim to none. In fact, with some countries being home multiple diverse cultures, the fact that they themselves are even able to come to an agreement as a nation is an amazing thing. The world is vast and its people differ like night and day, and yet, the Christians of the world are still able to band together under one idea. Although they may have different customs and procedures, Christians worldwide are all able to collectively agree on a few specific things: the mighty forces of God’s saving grace, his enduring love,†¦show more content†¦In the Old Testament, God was more of a father figure to mankind. The children of God are sinning wildly and still learning the ways of the world. The relationship between God and man was a journey from stern fat her to friend in the Old Testament, while in the New Testament, conversely, we see God almost as our equal. Encased in the body of a man, Jesus was available to us in a way that was not before. Still with all the power of God, suddenly we could approach Him as a friend- the father and the friend and teacher molding into one. Through thick and thin, God guides us, teaches us, and loves us more than anything. His love is not limited to certain kinds of people either; it is selfless and all consuming. As Ephesians 1:4 states â€Å"just as He chose us in Him before the foundation of the world, that we should be holy and without blame before Him in love.† God chose to love us, and He cares for the troubled and oppressed just as much as the privileged upperclassman. In fact, the bible reminds us that it is our Godly duty to remember and take action against the difficulties that oppressed groups face. True religion is â€Å"caring for someone who cannot take care of himself or hers elf.† Because God loves all of us so much, he also wants to push us to emulate him and care for orphans, widows and all other types of oppressed individuals that are overlooked in society and unable to

Sunday, December 15, 2019

Factors to Consider When Deciding on Which Market Segment to Venture Free Essays

Question1(a) Factors to consider when deciding on the segments to serve as a market * Population The density of the people in a given place is a very important aspect to consider when segmenting a market . A densely populated area is usually preferred as a destiny to market the product. * Consumer behaviour How a consumer perceives when purchasing or deciding to purchase a product is very vital. We will write a custom essay sample on Factors to Consider When Deciding on Which Market Segment to Venture or any similar topic only for you Order Now * Social class Different consumers have different classes . in this case a seller should consider the class of the various consumers before deciding on which segment to choose or segmenting the consumers into certain target group * Attitude towards the product Different consumers have different perspective about the product in different regions ,consumer’s attitudes about the product in place should be factored in when deciding on the market segment * Religion Different consumers have different religions and in this case some may not consume a certain product based on their religion, a good marketer evaluates the demographic and cultural factors before venturing and selecting the appropriate market segment. Question 1(b) Message execution style to capture the target markets attention and interest Packaging style How the goods appear to the consumer influences his/her buying decision ,thus how the labels, container appears determines a lot on how the consumer creates interest in that product Brand name Most consumers have become constituent in in purchasing or consuming certain products and they will always look for these products with the brand name they are used to. Clear descriptions How the product description in terms of how it is used ,its ingredients, determines a lot how that product will capture the attention of the consumers. Shapes and sizes Consumers belong to different classes and how the products are broken down into different sizes and shape determines how that product will capture the attention of the buyer Price Most consumers prefer a quality product with a reasonable cost ,in this case the seller should consider competitors before setting his/hers price inorder to avoid customer loss through higher prices. Question 2(a) Components of the marketing information systems I. Internal reporting system This involves the records of income ,expenditure, creditor or debtors and consumers II. Marketing intelligence This involves getting information from another different person to get to know whether you are performing in the market or not III. Marketing research This involves identification of a problem and finding a solution to that problem IV. Marketing models This involves the use of time series ,linear programming ,analysis of variance ,progression analysis, sensitivity analysis, in trying how the market operates Uses and functions of public relations to organization a) Used to inform consumers about the new product in the market, through public relation consumers get to know about the new product in the market b) Used to teach the consumers on how to use the new product in the market . It is through public relation that the consumers are taught how to use the new product in the market. c) Enables consumers to know where and how to get the organizational goods d) Used in link ling the consumer with the organization thus public relation facilities then bringing of the gap between consumers and the organization Importance of public relation to the organization i) Creates good image of an organization. An organizations image is sustained through public relation. i) Public relations enhances the product awareness that is marketing of organizational product is enhanced iii) Public relations enables the establishment of long and lasting relationship with the consumers iv) Creation of trust about the organizational products by the consumers, due to a close relation by the consumers the organization product will be trusted by the consumers Question 3(. a) Product development process a) Idea generation The product to be developed is established at this very vital stage ,idea generation can be through archives ,business journals or successful entrepreneurs . b) Idea screening The idea found is measured and its viability weighed before further developments Concept development and testing c) Concept development and screening How to create the product and addition of more features to make the product and testing. d) Business analysis The market is analysed whether the product will fit in the market or not? ) Product development The product itself is then developed that is all the features encompassed to the product and forming the final the product. f) Market testing Product is taken to the market may be taken in samples or the product is fully released to the market g) Communication and adoption After testing the market and finding that it is performing ,large volumes of products are then produced for commercialization 3(b) Methods available to a firm to set their advertising budget C ost analysis A firm considers the various media and avenues to be used and the costs to be associated with each the media to be used should not be too costly to the extent of eating on the profits Market analysis A firm measures the available market and conducts a swot analysis thus a firm will play their advertising budget depending on the competitors ability and the general market competitiveness. Target population A firm will set their advertising budget basing on the geographical area of the targeted population Product nature The nature of the product will have to be put into consideration when planning for the advertising budget, If the product is highly involved or it is a new product then it requires allocation of more funds. 4(a)Role played by the middlemen in distribution of goods Breaking of bulk Some middlemen may modify the shapes and size of the product into flexible and portable items for ease of transportation or storage. Location Middlemen enable consumers to obtain goods easily by availing themselves in strategic places convenient to the consumer. Repackaging of goods Middle men pack products into desired packages such as containers Disseminating information Middlemen get first hand information about products from the consumers and submit the data to manufacturing firms for marketing research ,and also giving vital information to the consumers about the product(manufacturer) 4(b)New product pricing strategies a) Cost based strategy A marketer will price the product based on the inputs used when manufacturing the product. b) Competitor based strategy A marketer will price his/her goods based on the price of the competitor goods. c) consumer based strategy A consumer is the king/queen of the market and the marketer will price his goods basing on the willingness and ability of the consumer to purchase that product in that price. d)product based strategy a marketer will price his goods based on the nature of the product Question 5a. major influencers on consumers purchase behaviour 1. Culture the cultural belief and norms of the consumer will influence his /her purchasing behaviour. 2. Social factors such as the family ,age, occupation will influence a lot on how the consumer will purchase the product. . Personal factors such as the attitude and economic status of the individual will influence his/her decision to purchase a product. 4. Phys logical factors like personal attributes will affect a consumers purchasing behaviour 5b stages in a buyers decision making process for a major purchase a) Awareness a consumer should get to know all about the product he/she wants to purchase b) Interest a consumer then develops the interest for the p roduct. ) Evaluation a consumer will then evaluate the product in questions based on various alternatives d) Trial after a consumer has chosen the right product he/she will then put it on trial e) Adoption if the consumers likes the product he/she will then make a purchase question 6. (a)elements of the promotion mix dvertising Refers to any paid form of non personal presentation and promotion of ideas,goods and services of an identified sponsor personal selling refers to face to face persuasion of a prospective buyer to buy a product publicity refers to a non paid promotion of ideas ,presentation of products and doesn’t necessarily need an identified sponsor sales promotion refers to activities that stimulates consumer purchasing 6b. trategies that can be used in the stages of the product lifecycle a) Introduction stage it is the initial stage of product development and its characterised by low sales ,low profit or nil profit the marketing strategy to be employed at this sta ge is the promotional strategy. b) Growth stage there is a steady rise in profits ,increased sales and established market share at this stage the marketer can diversify the product to increase its outlook and market stability. ) Maturity stage at this stage the profits begin to decline as there new entrances in the market strategy to be employed here is diversification or turn around. d) Decline stage here the sales become completely low or none ,profits diminish and cost of production super cedes the revenue the best strategy to approach as a marketer or marketing manager is withdrawal from the market or diversification. 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Saturday, December 7, 2019

Accounting and financial management - MyAssignmenthelp.com

Question: Discuss about the Accounting and financial management. Answer: Accounting items from annual report of AMP Limited Account receivables from the annual report of the company, it is identified that the account receivable for the year ended 31st December 2016 was amounted to $ 1,975 million as compared to $ 2,067 million for the year ended 31st December 2015. The companys receivable are mainly from two sources, that is from the investments and from the premiums of life insurance contract (Mathuva 2015). The receivables are measured at the fair values through the profit and loss. Further, the re-insurance and the other recoveries discounted to the present value. Any receivable apart from these two sources are measured at the nominal values. Account payable - from the annual report of the company, it is identified that the account payable for the year ended 31st December 2016 was recorded for $ 1,952 million as compared to $ 2,031 million for the year ended 31st December 2015 (Hoskin, Fizzell and Cherry 2014). The payables of the company are accounted for at nominal amount for the payables. With respect to the short term nature for most of the payables, nominal values of the payables are approximately same with the fair value. Importance of accounting items in annual report Account receivable the receivables under the balance sheet represent the amount of money that the customer owe for the services or goods that already provided by the company. However, as the money is expected to be received in future, it is shown as receivables. The receivables form an important part of the current asset of the company that help in measuring the efficiency of the company with regard to payment of its current obligation (Weygandt, Kimmel and Kieso 2015). Further, the accounts receivable represents whether the company is efficient in collecting their dues or not. Further, the receivables assist in forecasting the bad debts of the company Account payable the amount of accounts payable represents the short-term obligations that the business owes to any outside creditors. Payable forms an important part of the current obligation. Therefore, the amount of account receivable assists the investors to understand whether the company is efficient in paying the obligation with the available current asset of the company or not. Further, if the management is not clear regarding how much amount is payable and to whom is payable (Hoskin, Fizzell and Cherry 2014). Moreover, if the payment is missed it may lead to interest charges on payment or late fees on the payment. Therefore, payables are important item under the balance sheet for making various decisions. Social impact of accounting items Accounts receivables the account receivable has various effect with regard to the society. The details of receivables with the names of the debtors assist the company to assess the debtor with regard to the payment features as if the debtor fail to make the payment, the debtor company will have bad reputation in the society as the people will feel that the company is not efficient to pay their dues (Agha 2014). Accounts payable if the company is not efficient in making payment for their dues or if the amounts of payables are very high in the balance sheet of the company, it indicates that the company is not efficient in paying their dues (Kai et al. 2017). Therefore, it will have an adverse effect socially as the people will lose their faith in the company and further, the potential investors will not consider the company for investing their money. Reflection on the annual report of AMP Limited When I was going through the annual report for the year ended 31st December 2016, I found that the annual report of AMP Limited includes the directors report, the remuneration report of the directors, corporate sustainability report and the financial report. Further, the report includes the disclosure notes to the financial statement, directors declaration and the report of independent directors. The financial report of the company includes consolidated statement of income, consolidated comprehensive income statement, and consolidated financial position statement, changes in equity statement and statement of cash flows. The company adopted the significant accounting policies while prepared their financial statements and the details regarding that are disclosed through the disclosure notes. Further, when the accounting policy is related to more than one note or where no note is provided for any particular item, it is clearly mentioned in the report. I further found that the audit of t he financial statement for the year ended 31st December 2016 was carried out by Ernst and Young and as per their opinion, the financial report of AMP Limited represent the true and fair view of the company are complied with the Corporation Regulation Act 2001 and Australian Accounting Standards. Reference Agha, H., 2014. Impact of working capital management on Profitability.European Scientific Journal, ESJ,10(1). Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014.Financial Accounting: a user perspective. Wiley Global Education. Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014.Financial Accounting: a user perspective. Wiley Global Education. Kai, M.A., Rui, M.I.A.O., YANG, W.C., Zhou, P.E.N.G., Bowen, S.U.N. and HU, N.Y., 2017. A management method of accounts receivable based on credit rating for rail equipment manufacturing industry. InProceedings of the 23rd International Conference on Industrial Engineering and Engineering Management 2016(pp. 227-231). Atlantis Press, Paris. Mathuva, D., 2015. The Influence of working capital management components on corporate profitability. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons.