Reviewing Beneish’s manipulation index‚ we note a high probability of manipulation for both fiscal Year 5 and Year 6. The major factors of this are the rapid growth in sales and the level of accruals in earnings. The Company experienced negative cash flows from operations for both years as a result in significant decreases in A/R and inventories. Reviewing the financial ratios‚ we also noted the relationship between inventories and COGS‚ which is not included in Beneish’s index. The high growth rate of
Premium Ratio Inventory Inventory turnover
|Political stability |3 x |3 |6 | |Economic growth |2‚5 x |3 |5 | |Currency convertibility (euro) |2‚5 x |4 |10 | |Labour cost/ productivity |2 x |3 |6
Premium
With the increasing globalization of most economies‚ there is consequently more focus on understanding how international integrations influence macroeconomic performance. Economists use numerous indicators to measure the degree of an economy’s openness. One of the common indicators is the percentage of trade as a share of gross domestic product (GDP). It is the sum of exports and imports of goods and services measured as a share of GDP. (World Bank‚ 2013). This essay will firstly generally examine
Premium Quality of life International trade
CAPITAL BUDGETING AT RELIANCE CAPITAL Specialization: Finance Under the Guidance of: Submitted By: Mr. Debashish Chaudary Prarthana Bajaj Mrs. Archana Singh Nupur Singhal Utsav Goel Taruna Bhadana Arjun
Premium Net present value
“Rationing was one element of the restructure of US society‚ politics‚ and economics during World War II” (Bentley. Eating for Victory). Many supplies became scarce due to America’s full participation in the war. Without an organized system‚ many American citizens could not be guaranteed certain supplies. In December of 1941‚ the Office of Price Administration began to start the rationing of goods‚ and would continue to do so for the entire span of the war. Americans on the homefront were constantly
Premium
CUSTOMER PROFITABILITY ANALYSIS Customer profitability analysis (CPA) can be defined as a method used to compare the costs of all the activities used to support a customer or a customer group with the revenue generated by that customer or customer group. It is the analysis of the revenue and costs that relates to the customers which can be determined by considering the similarities and differences in customers’ buying behaviours and customer preferences. From the definition‚ it shows three features
Premium Value added Costs Management accounting
A customer profitability analysis is an evaluation process that focuses on assigning costs and revenues to segments of the customer base‚ instead of assigning revenues and costs to the actual products‚ or the units or departments that compose the corporate structure of the producer. Approaching profitability from this angle can sometimes provide valuable insights into how each step of the process of designing‚ manufacturing‚ and ultimately selling a good or service incurs cost and generates revenue
Premium Consultative selling Good Customer
Rationing During World War II 30 March‚ 2012 Rationing During World War II Rationing is defined as a fixed allowance of provisions of food‚ especially for soldiers or sailors or for civilians during a shortage (dictionary.com). In 1942 a rationing system began to guarantee minimum amounts of things people needed. During World War II‚ people couldn’t just walk into a store and buy whatever they wanted. Ration books are books that contained coupons where shopkeepers could cut out the coupon for
Premium Food
a. Targeting Target market means that a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise towards. The company needs to really know about their target market. So do the targets. It is because‚ by really knowing your target; you would not pay too much on wrong advertising style. For example PINK target market are woman age 18 – 30 years. So when PINK wants to create TV Commercials; PINK need to put it on AXN‚ Fashion Channel or FOX channel
Premium Target market Marketing Target
What is IIP? The Index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time‚ in comparison with a fixed reference point in the past. The IIP numbers‚ released every month in India‚ for instance‚ use 1993-94 as the base year for comparison. The IIP figures are generally seen as an important but short-term indicator of whether industrial activity in a country has risen or dipped‚ till more detailed studies or surveys are
Premium Industry Value added Time