Preview

Sample Txt

Good Essays
Open Document
Open Document
945 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sample Txt
Holmesafe Ltd

Table 1 Income & Expenditure, year 1 Income From Dawson's From Rowan's Other sales Advisory services Total Expenditure Materlals Salarles Other expenditure Total 140,000 140,000 45,000 325,000 216,000 144,000 54,000 13,500 427,500

Three years ago George Holmes, an engineer, hit upon an idea for a novel security device and produced a successful prototype in his workshop. He made some enquiries through friends to try and find a buyer and was introduced to Frank Jackson, a buyer for the wholesale company of Dawson's Ltd. Jackson offered to discuss the marketing of the product with his immediate superior, Harry Thomas who was the chief buyer with Dawsons. A meeting was arranged between the three men at which Holmes had a chance to form an opinion of the characters of Jackson and Thomas. He judged that Thomas was a somewhat distant man of high integrity who was prepared to leave action to his more vigorous subordinate Jackson, whose influence with Thomas appeared to be considerable. On the other hand, Holmes felt that Jackson was warm, unscrupulous where the interests of his company, and possibly himself, were concerned, and very active in furthering a cause in which he was interested. A trial batch of the devices was made for Dawsons and these were easily sold. Further quantities were made and sold in the same way and by the end of the first three months it became clear that the demand for the product was going to increase. There was also an increase in demand for an advisory service on the installation of the new device and mare generally on the problems of electronic security. With the demand on his time increasing Holmes recruited first one friend, and then two more, and between them they were able to manage the business on a part-time basis for the first year. Holmes spent some time cultivating Jackson, and generally being as friendly and affable as circumstances permitted. In turn Jackson assisted Holmes by pushing sales of the new product and,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Bruno Manufacturing Inc. has sales of $2,200,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses…

    • 501 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Berrys Bug Blaster

    • 261 Words
    • 2 Pages

    Income Statement 1/1/2008 - 12/31/2008 | Revenue | | | $3,249,580.53 | | Direct Expenses | | | | Salaries & Wages | $487,437.08 | | | Vehicle Maintenance | $64,991.61 | | | Fuel | $20,449.80 | | |…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Year 14 REVENUE: Net Sales Cost of Goods Sold Gross Profit 7,357,700 5,118,400 2,239,300 Year 13 6,697,600 4,659,200 2,038,400 Year 12 6,552,700 4,558,400 1,994,300 Years 14 and 13 Change % Inc (Dec) 660,100 9.86% 459,200 9.86% 200,900 9.86%…

    • 4548 Words
    • 19 Pages
    Satisfactory Essays
  • Powerful Essays

    Delaware Coors Case

    • 1285 Words
    • 6 Pages

    Table F: Financial Statement Summary for 510 Wholesalers of Wine, Liquor, and Beer in Fiscal Year 1999…

    • 1285 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Pit Stop Case Study

    • 1244 Words
    • 5 Pages

    Bibliography: Additional Topics in Income Determination: Chapter 3 from Financial Reporting & Analysis, Fifth Edition by Revsine, Collins, Johnson, Mittlestaedt, 2012. Page 155…

    • 1244 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Inventory and Cost

    • 839 Words
    • 4 Pages

    Sales for the year (all on account) totaled Nkrl,200,000. These goods cost Nkr800,000 according to their job cost sheets.…

    • 839 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Sales ($ Mil.) 2011 70,395.00 50,200.00 19,400 12,200 8,800 4,780 4,230.00 3300 1,650 1,528.00 1,430.00 1028 992.3 779.1 774 681.6 671.4 660.5 644.4 625 506.4 501.9 452 424 400 390 375 370.3 300 242.2 233.5 226 224 223 207.3 192 190 182 179 174.5…

    • 5127 Words
    • 21 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case 18

    • 452 Words
    • 2 Pages

    Year 0 2007 Investment Capital outley Δ Net Working Capital Cash outley NWC Investment Recovery Equipment Salvage NWC (full recovery) Sales Cost of Goods Sold (-) SG&A Expense (-) Opperating Savings (+) Depreciation (-) Operating Profit before tax (16,000,000)…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    12. Barry E. and Jamie E. (2008). Financial Accounting and Reporting. 12th ed. Essex. England: Pearson Education Limited. 259-748.…

    • 2356 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Course Outline

    • 591 Words
    • 3 Pages

    • Leo, K., Hoggett, J., and Sweeting, J. (2012) Company Accounting, 9th edition, John Wiley & Sons, Milton: Old, ISBN: 9781742466378.…

    • 591 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    1.2 The case also shows us, there has been an extremely different idea between Peter Storey, who is the internal auditor of the company, and the leader of a major information technology project. Therefor I think they cannot reach an agreement in reengineering the Information System.…

    • 1019 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Capital Budgeting

    • 267 Words
    • 2 Pages

    [ 2 ]. John J. Wild & Ken W. Shaw, 2010, Managerial Accounting, McGraw-Hill Irwin, Page392…

    • 267 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Giving Voice to Value

    • 639 Words
    • 3 Pages

    2) The reasons and rationalizations being given by other actors who do not agree with the main actor’s approach or plan to the ethical situation are being carried out by the team of marketers who are responsible for conducting market research on GPT’s consideration of adding a removable battery feature to its product. Larry left the three managers at the meeting with Sean, expecting them to falsify the market research data. However, the marketers saw no value in conducting rigorous and time-consuming research on a product that would never be implemented, nevertheless even considered by Sean. Throughout the process, they learned from Larry’s own commitment to treating the data with integrity, however, when confronted by Sean, Larry failed to represent his true opinions and beliefs.…

    • 639 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Hoggett, Edwards, & Medlin 2009, Financial accounting 7th edition, Wiley & Sons Australia, ltd, Melbourne…

    • 1089 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Refer to the Pearson plc financial statements and footnote excerpts for 2009. All figures are in millions of pounds sterling (L).…

    • 1167 Words
    • 5 Pages
    Powerful Essays