5 pages/≈1375 words
Literature & Language
ACC 501 SLP: 1, 2, 3, 4, 5 (Essay Sample)
im going to write you everything on the attachment. Yes please make 10 source per section (module)...... So its going to be 10 for 5 sections (module) which equals 50 all together.. source..
Running head: History of a company.
REVIEW OF ACCOUNTING PROCESS AND FINANCIAL STATEMENT
HISTORY OF IMPERIAL SUGAR COMPANY
Imperial Sugar Company started in the year 1843 and was incorporated in 1924. It is one of the leading sugar refineries in the United States. It has a market share of 33 percent. The company processes beet sugar in California with 11 processing facilities. The products produced this company include; Dixie crystals, pioneer sugar, holly sugar imperial sugar and spreckles’ sugar.
Some of the company’s sugar is sold under private labels and marketing of wholesome food brands. In addition to its sugar operations the company also derives about a quarter of its revenue from its foodservice business. This sells a variety of non sugar products from drink mixes to plastic cutlery to healthcare institutions and other entities.
The company so far has incorporated other companies like holly Sugar Company, savannah food s and industries and Michigan Sugar Company. By now the company is so large and has got an employee growth rate of 4.3% with the number of permanent employees standing at 3,800. The company’s sales in the year 1998 were $ 1.78 billion. This company is on the American stock exchange and its ticker symbol is IHK.
As a student of production engineering at TUI University, the company is very relevant to my field of study as it is a manufacturing company. This gives me an opportunity to learn some concepts practically and get more information about the company’s operation.
P.P Chartuvedi,(2005) Experiences in sugar manufacture, New Delhi, Regency publishers.
P.P Chartuvedi, (2010) International relations: theory and conflict in, Liverpool, Kunal books publisher.
MODULE 2- SLP
A REVISED INCOME STATEMENT, THE CONTRIBUTION MARGIN APPROACH.
The breakeven analysis method is applied in the activity of processing one tone of sugar. This method is used to determine how much sales volume the business needs to start making profit. It is useful when developing a pricing strategy.
The formula for this method is fixed cost divided by (revenue per unit-variable costs per unit)
Revenue per unit for the activity=$27 million
Variable cost for the activity=$ 23 million
Fixed cost for the period in the activity=$ 190 million
The results for the breakeven analysis
190/ (27-23) =38
Thus the starting price for 100,000 tones of sugar will be $38 million for the year 2009.
With the results from the breakeven analysis the margin of safety can easily be determined and thus trying to maintain so high so as to lower the risk of...
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