THE BALANCE SHEET

The Balance Sheet is determined by the following equation:

ASSETS = LIABILITIES + OWNER'S EQUITY


NET WORTH = ASSETS - LIABILITIES

Balance Sheet of XYZ, Ltd. as of 31 December 2006

ASSETS

Current Assets
Cash and cash equivalents
Accounts receivable (debtors)
Inventories
Prepaid Expenses
Investments held for trading
Other current assets

Fixed Assets (Non-Current Assets)
Property, plant and equipment
Less : Accumulated Depreciation
Goodwill
Other intangible fixed assets
Investments in associates
Deferred tax assets

LIABILITIES and EQUITY

Creditors: amounts falling due within one year (Current Liabilities)
Accounts payable
Current income tax liabilities
Current portion of bank loans payable
Short-term provisions
Other current liabilities

Creditors: amounts falling due after more than one year (Long-Term Liabilities)
Bank loans
Issued debt securities
Deferred tax liability
Provisions
Minority interest


Equity
Share capital
Capital reserves
Revaluation reserve
Translation reserve
Retained earnings

Pink Doves - Denisha, Yaribel, Dominique

SWOT

HOOVERS

http://hoovers.com/cosmetics,-beauty-supply,-and-perfume-stores/--ID__294--/free-ind-fr-profile-basic.xhtml

http://hoovers.com/jewelry-retail/--ID__66--/free-ind-fr-profile-basic.xhtml

COMPETITORS

Bath and Body Works :
http://www.bathandbodyworks.com/category/index.jsp?categoryId=2484525

https://materials.proxyvote.com/Approved/532716/20100329/CMBO_58396/HTML2/default.htm

Forever 21:
http://www.forever21.com/category.asp?catalog_name=FOREVER21&category_name=acc_jewelry&Page=1

Aeropostale:
http://www.aeropostale.com/category/index.jsp?categoryId=3534623

Tykeem, Stefano, Calvin, (Ronald) - Element Sporting Goods

Tykeem - dwcjr73 AT aim.com, Stefano - topgunnastef024 AT aim.com, Calvin - daddybedrockxd AT aim.com, (Ronald) - Element Sporting Goods

HOOVERS

http://www.hoovers.com/company/Henry_Modell__Company_Inc/ccrsti-1.html

http://www.hoovers.com/company/Dicks_Sporting_Goods_Inc/hkshxi-1.html

http://www.hoovers.com/company/The_Sports_Authority_Inc/ctykif-1.html

COMPETITION

http://www.modells.com/home/index.jsp

http://www.dickssportinggoods.com/home/index.jsp

http://www.sportsauthority.com/home/index.jsp

http://www.eastbay.com/

http://store.nba.com/home/index.jsp

http://www.espnshop.com/

Dick's Sporting goods Investor Relations:
http://phx.corporate-ir.net/phoenix.zhtml?c=132215&p=irol-irhome

Websites for business plan research

Finding an Office in New York City
http://www.joelonsoftware.com/articles/OfficeNewYork.html

WEBSITES TO FIND RETAIL AND OFFICE SPACE

www.cityfeet.com
http://www.cityfeet.com/

www.mrofficespace.com
http://www.mrofficespace.com/sp_form.mpl?cust_id=1&srchview=stnd&SR=Y&pgtype=search

ARTICLES TO READ TO HELP START A RETAIL BUSINESS
What Size Building or Store I Need?
http://retail.about.com/od/storedesign/qt/selling_space.htm

Where can I find average sales per square foot for my retail industry?
http://retail.about.com/od/startingaretailbusiness/f/avg_sales_sq_ft.htm

Planning a Retail Store - Retail Operation Start Up Structure Plan
http://www.bizmove.com/starting/m1f3.htm

How to Start a Clothing Store
http://www.entrepreneur.com/startingabusiness/businessideas/startupkits/article37944.html

INDUSTRY TRADE GROUP DOCUMENTS
American Apparel & Footwear Association: An Annual Statistical Analysis of the U.S. Apparel & Footwear Industries
http://www.apparelandfootwear.org/UserFiles/File/Statistics/trends2007Annual.pdf



Mr. Filipinas
- Posted using BlogPress from my iPhone

Check this Out!! Dow Roller Coaster 5/6/10

Visit msnbc.com for breaking news, world news, and news about the economy

http://www.msnbc.msn.com/id/21134540/vp/37000228#36999350

Remember how you were watching the NOVA: MIND OVER MONEY yesterday, and how people's economic decisions are manipulated by their emotions, mainly GREED and FEAR?

Yesterday was the perfect example of that occurring:

http://money.cnn.com/2010/05/06/markets/markets_newyork/index.htm?hpt=T3

Here is Accenture's chart:



http://bigcharts.marketwatch.com/advchart/frames/main.asp?time=1&freq=6&compidx=aaaaa%3A0&comp=NO_SYMBOL_CHOSEN&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&style=320&size=3&sid=0&o_symb=ACN&startdate=&enddate=&show=true&symb=ACN&draw.x=31&draw.y=14

Notice the LOW: 0.01

That's right 1 penny!!

This is the reason why:

Visit msnbc.com for breaking news, world news, and news about the economy

http://www.msnbc.msn.com/id/21134540/vp/37000228#37000125

Break Even Analysis (Continued)

Suppose you wanted to start a company with Total Fixed Costs of $1000 / month.

& it had Total Variable costs of $50 / unit.

If you had a Markup Percentage of 100% ($50), how many units do you need to sell to break even?

Suppose you had a markup percentage of 50% ($25), how many units do you need to sell to break even?

Markup vs Margin

Markup the Price from the Cost of Goods Sold (Total Variable Costs)

Markup percentage is 50% from Total Variable Costs of $40? What is the sales price?

Price = Markup + Total Variable Costs

$60 = (50% x 40) + 40

$60 = $20 + 40

Margin is the Percentage of Profit from Sales Price.

Margin Percentage is 33.33% from $60.

jPrice x Margin Percentage = Profit (Markup)

$60 x 33.33% = $20.

What is the margin if you sell your product at $100, and it has total variable costs of $60.

What is the Margin Percentage?

Margin: $40 = $100 - $60.

Margin Percentage (Profit Percentage): Margin / Price = $40 / $100 = .4 = 40%

What is the markup if you sell your product at $100, and it has total variable costs of $60.

What is the Markup Percentage?

Markup: $40 = $100 - $60.

Markup Percentage: Markup / Costs = 40 / 60 = 2 / 3 = 66.67%

Break Even Analysis

Suppose you have the following costs:

FIXED:

Rent - $500 / month

Utilities - $500 / month

Employee Salary / Wages - $400 / month

Insurance $100 / month

Equipment - $200 (just once)

TOTAL FIXED - $1700 (1st month)

- $1500 ( every month afterwards)

VARIABLE:

Products to sell - $15 / unit

Employee Commission - $5 / unit

TOTAL VARIABLE - $20 / unit

how many units does he need to sell to break even?

What is your markup if you price your product to sell at $70.

Markup is $50 (profit per unit)

$1700 is total fixed cost.

How many units do you need to sell to break even?

Total Fixed Cost / (Price - Total Variable Cost) =

Total Fixed Cost / Markup =

$1700 / $50 = 34 units. Need to sell 34 units to break even at price of $70.

____________________________________________

Let's say that instead we want to price the product at $45.

What is our markup? $45 - $20 = $25.

What is our Breakeven?

$1700 / $25 = 68 units. Need to sell 68 units to break even at a price of $45.