store budget prepared for Lowe's in Unit 4
Using the single store budget you prepared for Lowe's in Unit 4, calculate the variances using the 2011 budget and the 2012 actual results. Discuss the conclusion you draw from the analysis.
Assumptions Sales grow CGS % SG&A % Store Ope Depreciati Interest, n Tax rate Budget Fo 2/3/2006 1/28/2005 1/30/2004 1/31/2003 Sales 43,243 36,464 30,838 26,112 CGS 28,443 24,208 21,269 18,164 Gross Profit 14,800 12,256 9,569 7948 Expenses SG&A 9,014 7,562 5,578 4,625 Store Ope 142 123 128 129 Depreciati 980 859 739 640 Interest 158 176 180 182 Total Expe 10,294 8,720 6,625 5,576 Pre-Tax Earnings 4,506 3,536 2,944 2,372 Tax 1,735 1,360 1,115 893 Earnings from conti 2,771 2,176 1,829 1,479 Discontinued ops 0 0 15 12 Net Income 2,771 2,176 1,844 1,491 Number of Stores 1,234 1,087 952 828
Attachments:
Answers
Status NEW
Posted 17 Dec 2017 07:12 AM
My Price 10.00
----------- Â ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------
Not Rated(0)
