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Essay / Research Paper Abstract
This 3 page paper looks at questions set by the student. The first questions looks at net sales for a company over a period of years and asses if a 10% increase is possible the following year. The second question considers a profit and loss (income) account where there is to be a 20% increases in the sales and calculates the rest of the accounts from that figure using a percentage method. The bibliography cites 3 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEaccprojc.rtf
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Unformatted sample text from the term paper:
net sales figures, so do not need to deduct the losses, we would only be doing this if we were asked about the net income. This is calculated by taking
the later years net sales figure, deducting the sales figure from the year before to get the difference and then calculating this as a percentage of the former years sales.
This gives us the following. 2004 2003 2002 2001 2000 Net sales 8,334 6,141 9,181 11,933 11,062 Percentage increase on the past year 35.71% -33.11% -23.06% 7.87%
Question 2 We are asked if this company looks like it can realise a 10% increase in sales in the following year. This is very difficult to answer with only
this information as there have been very volatile results. Massive losses have been occurring, but it appears there may now be a dramatic recovery. In reality this would depend on
the reasons for the decreases in the former years. If we look at the rest of the accounts for some clues there are some positive indication, there is a decrease
in long term debt and an increase in the assets (Elliott and Elliott, 2005). This appears to indicate the company is moving in the right direction, and with a 35.71%
increases it may be argues that this is a large increase and to expect more is ambitious, but this is still well below the sales levels for 2001 and 2002.
This company appears to be heading towards a recovery and as such a 10% increase for 2005 may be very possible. Part 2 Question 1 We have been given
a set of accounts and asked to project the next years accounts if there is a 20% increase in sales, using the percentage method. To do this we need to
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