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Essay / Research Paper Abstract
This 3 page paper looks at a new article published about Herman Miller in December 2011, discussing the financial results for the second quarter of the financial year ending 2012. The paper starts by summarizing the article and then discusses how it may be interpreted by a reader, with specific attention to how infesters may interpret the article. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS65_TEhermanmil.doc
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Unformatted sample text from the term paper:
for the second quarter of the 2012 financial year. The company has shown an overall increase in net sales of 8.1% compared to the same quarter in 2011 and 4.7%
compared to the first quarter, following adjustment for the additional week in the second quarter. However, although overall sales were up not all news was good, new orders placed were
actually down 4.7% on the same period in 2011. It is also noted that performance of the company was stronger in the international markets compared to the North American market.
In North America net sales only increased by 4.6% compared to the same quarter in 2011, but new sales declined in by 13% (following adjustment for the additional week). It
is stated that one of the key factors in the disappointing North American performance was a reduction in large government projects during this period. Conversely, the international market saw an
increase for the quarter year on year of 20.4%, led by strong markets in the United Kingdom and the Asia-Pacific region, where the position of new orders competitive first quarter
was generally flat. The best performing sector was the speciality and consumer segment, were overall sales increased by 14.1% on a year-on-year basis, this was also important in terms
of new orders, which also increased by 14.7%. The overall performance of the companys positive, with a gross profit margin of 34.1% demonstrating a 120 point increase compared to
the previous year despite increasing costs (an increase of 9.2 million competitive previous year), with the company benefiting due to raising prices. The overall performance was seen in the diluted
earnings per share, which were $0.41 compared to only $0.26 the previous year. Critique The article presented is one that will be of great interest shareholders, as it summarises
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