PRINCIPLES OF ACCOUNTING<\/p>\n
(ACC 100)<\/p>\n
Project Assignment<\/p>\n
Contents<\/p>\n
TOC o “1-3” h z u EXECUTIVE SUMMARY3INTRODUCTION4PROJECT FEASIBILTY5<\/p>\n
BALANCE SHEET\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u20269<\/p>\n
INCOME STATEMENT\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.11<\/p>\n
CONCLUSION13<\/p>\n
RECOMMENDATIONT14<\/p>\n
Q1-<\/p>\n
EXECUTIVE SUMMARY<\/p>\n
This paper presents an analysis of Niky that deals with the sale of Niky shoes for sports persons. Phil knight the CEO of Niky had taken sixteen years to build Niky into a competitive number one athletic-shoe company in US. During the development of Niky, Adidas a Germany company was dominant in the market and it owned about 80% of the market share. Knight marketing techniques and approach revolutionized the industry through provision of groundbreaking technologies that made Niky brand the most recognizable in the world. By 1980, Niky had dethroned Adidas in the market share. <\/p>\n
INTRODUCTION<\/p>\n
The CEO owned almost half of the company shares. Before the company became Niky, it began as a small company known as Blue Ribbon Sport. The CEO of the company Mr. Phillip Hampson Knight was born in 1938 in affluent suburb of Portland. He becomes one of the best middle-distant runners in his high school track team. <\/p>\n
OUR MISSION<\/p>\n
\u201cThe company\u2019s mission is to provide exceptional footwear\u201d<\/p>\n
OUR TEAM<\/p>\n
The company contains qualified and experienced manufactures and designer. They are responsible for creating exceptional services and incomparable footwear to their customers. <\/p>\n
AIM <\/p>\n
The main aim of Niky include<\/p>\n
To attain their customer\u2019s satisfactions <\/p>\n
To reach all markets segments <\/p>\n
To produce quality footwear <\/p>\n
To operate in the global market<\/p>\n
PROJECT FEASIBILITY<\/p>\n
INITIAL EXPENSES<\/p>\n
Renting expenses4,000<\/p>\n
Labour for construction6,500<\/p>\n
Licensing1,800<\/p>\n
Other miscellaneous charges 2,000<\/p>\n
Total Initial Expenses14,800<\/p>\n
INITIAL ASSETS<\/p>\n
Office building and properties 250,000<\/p>\n
Office Equipments20,000<\/p>\n
Materials 205,000<\/p>\n
Other miscellaneous charges 7,000<\/p>\n
Total Initial Assets Required510,000<\/p>\n
Required capital 350,000<\/p>\n
COST OF SERVICES<\/p>\n
Items Price Daily Qty Weekly Qty Monthly Qty Yearly Qty Daily Exp. Weekly Exp. Monthly Exp Yearly Exp<\/p>\n
one shoe 2 4 28 120 1440 4 28 120 1440<\/p>\n
Closed sport Shoe 4 4 28 120 1440 8 56 240 2880<\/p>\n
Adidas 8 14 98 420 5040 56 392 1680 20160<\/p>\n
basketball shoes 6 2 14 60 720 6 42 180 2160<\/p>\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n
TOTAL \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 26640<\/p>\n
ANNUAL VARIABLE EXPENSES<\/p>\n
Radio and TV adverts6,100<\/p>\n
Maintenance of equipments5,000<\/p>\n
Other expenses 2,400<\/p>\n
TOTAL13,500<\/p>\n
ANNUAL FIXED EXPENSES<\/p>\n
Rent8,500<\/p>\n
License Renewal2,500<\/p>\n
Business Insurance2,600<\/p>\n
TOTAL13,600<\/p>\n
NIKE COMPANY<\/p>\n
BALANCE SHEET<\/p>\n
AS AT DEC 19, 2013.<\/p>\n
PROPERTY AND ASSETS<\/p>\n
Property and Building140,000<\/p>\n
Office Equipment20,000<\/p>\n
Dental Equipment205,000<\/p>\n
365,000<\/p>\n
CURRENT ASSETS<\/p>\n
Cash8,000<\/p>\n
Prepayments4,00022,000<\/p>\n
387,000<\/p>\n
CAPITAL AND LIABILITIESAED<\/p>\n
Opening capitalPrevious year\u2019s<\/p>\n
Investment550,000<\/p>\n
Profit for the Year70,000<\/p>\n
620,000<\/p>\n
CURRENT LIABILITIES<\/p>\n
Accounts Payable25,000<\/p>\n
Advanced Fee from Contracts22,000<\/p>\n
Accrued Expenses15,00063,000<\/p>\n
683,000<\/p>\n
NIKE COMPANY<\/p>\n
PROFIT & LOSS ACCOUNT<\/p>\n
FOR THE YEAR ENDED DEC 19 2013.<\/p>\n
REVENUESAED<\/p>\n
Dr. Professional Charges87,000<\/p>\n
Professional Receipts19,000<\/p>\n
Other Income11,000<\/p>\n
117,000<\/p>\n
Taxes2,800<\/p>\n
Telephone1,900<\/p>\n
Business Insurance2,600<\/p>\n
Advertisement9,10016,400<\/p>\n
Net Profit133,400<\/p>\n
.<\/p>\n
CONCLUSION<\/p>\n
The increased demand for the products in the sporting clothing market in USA over the last 20 years provided a great opportunity for Niky Shoe Company. The only good quality brand, which existed in the US market, was Adidas shoes from Germany which were very expensive and not available. This economic situation provided a very good environment for Niky brand to take root very quickly due to its availability and affordability. Niky is usually making much profit due to its increased sales and lowered costs through economies of scale it is enjoying.<\/p>\n
RECOMMENDATIONS<\/p>\n
Marketing<\/p>\n
Marketing will help the company to increase sales and reduce costs. Utilization of internet for marketing will provide Niky with an intangible asset such as market research and consumer buying trends. Through data retrieved from consumer\u2019s Niky will be able to analyze and monitor the buying behaviours. Market research helps them to generate data to be used in analyzing the market trends to organize promotions and marketing campaigns.<\/p>\n
Price<\/p>\n
Niky has no problem with the price, this is because it acts as prices setter alongside Adidas and Reebok. Niky sells its products at whatever price because of an inelastic demand for its products. Expensive promotions don for Niky produced tuned consumers to believe that Niky produces quality products, which are worthy whichever price they will charge. More so, Niky does not gain competitive advantage through the prices they charge customers. <\/p>\n","protected":false},"excerpt":{"rendered":"
PRINCIPLES OF ACCOUNTING (ACC 100) Project Assignment Contents TOC o “1-3” h z u EXECUTIVE SUMMARY3INTRODUCTION4PROJECT FEASIBILTY5 BALANCE SHEET\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u20269 INCOME<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33862","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n