Fundamentals of Accounting Essay Example for Free

Fundamentals of Accounting Essay For â€Å"Goods for Sales† inventory is usually divided into 1. Raw Materials : a) Natural Raw Materials: Cotton, Wools and etc. b) Synthetic Raw Materials: Acrylic, Viscose, Nylon, Polyester, etc. 2. Work in Process (WIP) : It’s starting with making Fibre from raw materials (Natural and Synthetic). Following by the process of spinning with the produced Fibre and come out with Yarn as the final product in spinning. Furthermore, Yarn will be processed into Grey Fabric by the process of weaving. Lastly, Processed Fabric is to be done from Grey Fabric. Processed Fabric will be used for Technical Textiles, Readymade Garments and Home Textiles. These products will contribute to further production of final goods. 3. Finished Goods : Finished goods will be categorised under the brand of PADINI, SEED, PADINI AUTHENTICS, PCo, PDI, MIKI, VINCCI and so on. For example of finished goods are: sweater, skirt, knit vest, cotton pant, dress, shirt, belt, bag, tie, jeans, blouse, scarf, jacket, trousers, blazer and so forth. 1.2 Process of Manufacturing Raw materials that can be divided into two distinct categories: those derived from natural materials (cotton, et cetera) and synthetic materials (polyester, et cetera). Fibre will be produced by compounding raw materials into one. Fibre then will undergo the process of spinning to become yarn. The production process begins with yarn purchasing and progresses through knitting, dyeing, and finishing. The processed fabric is then ready for further production. Process of Manufacturing (after processed fabric) is given below in details: No. Design It is given by buyers to manufacturers containing sketches including measurements of particular styles Manual/Computerized 02 Basic Block Basic block is an individual component of garments without any style of design Manual/Computerized 03 Working Pattern When a pattern is made for a particular style with net dimension regarding the basic block along with allowance then it is called working pattern. Manual/Computerized 04 Sample Garments After making a sample, it is sent to buyer for approval to rectify the faults Manual 05 Approved Sample After rectify the faults, sample is again sent to buyers. Manual 06 Costing Fabric Costing, Making Charged, Trimmings, Profit Manual 07 Production Pattern Making allowance with net dimension for bulk production Manual/Computerized 08 Grading Different in sizes. S, M, L, XL, XXL Manual/Computerized 09 Marker Making Marker is a thin paper which contains all the components for different sizes for a particular style of garments Manual/Computerized 10 Fabric Spreading To spread the fabrics on table properly for cutting Manual/Computerized 11 Cutting To cut fabric according to marker dimension Manual/Computerized 12 Sorting Bundling Sort out the fabric according to size and for each size make in individual bundles Manual 13 Sewing To assemble a full garments Manual 14 Ironing Finishing After sewing we will get a complete garment which is treated with steam ironing also several finishing processes are done for example extra loose thread cutting Manual 15 Inspection Should be approved as initial sample Manual 16 Packing Treated by Polyethylene bag Manual 1.3 Inventories Valuation Method Cost is determined using the first-in-first-out method for Padini Holdings Berhad for the financial year ended 30 June. p. 62 Note: *Full page copy of Financial Statement for this particular section will show at Appendix. 1.4 Amount of Closing Inventories The amount of closing inventories as reported in the financial statement for Padini Holdings Berhad was RM192, 285, 000 for the financial year ended 30 June. p. 80 Note: *Full page copy of Financial Statement for this particular section will show at Appendix. References: 1) http://www.indiamart.com/kishco-silver/products.html 2) http://crisil.com/pdf/research/CRISIL-Research-cust-bulletin_jan12.pdf 3) http://en.wikipedia.org/wiki/Textile_industry 4) http://www.bloomberg.com/quote/PAD:MK 5) http://tlc.howstuffworks.com/home/how-is-fabric-created1.htm

The Political Position of the Parliamentarians Essay example -- Histo

In order to ascertain the ways in which the New Model Army (army) influenced the political position of the parliamentarians, this assignment will provide a brief summary describing the establishment of the army. In addition, as the Wars of the Three Kingdoms concerns events in England (with Wales), Scotland and Ireland, it is necessary to consider the army's significance in all three kingdoms. The events surrounding the immediate aftermath of the first civil war, the execution of Charles I, and the role of the Major-generals, will be explored, and primary sources will be used in order to support any key features regarding the army's impact. Anne Laurence and Rachel. C Gibbons (2007), state that the army was created in 1645, and combined various existing units. The formation of the army was a direct consequence of the Self Denying Ordinance (1643). The function of the army was to provide parliament with a more professional and effective force. With the exclusion of Oliver Cromwell (1599-1658), there were no peers or MPs within the army, which meant that promotion was achieved by those who deserved it. The National army did not have the same obligations that featured in the previous provincial forces, and had the first claim on funds from parliament. The Solemn League and Covenant (1643), a settlement from the alliance between Parliament and Scotland, created friction amongst Parliamentarians, and subsequently a division. The two factions that emerged were the Presbyterians and the Independents. Lawrence and Gibbons suggest that, the Presbyterians mainly approved of the alliance with Scotland, and the Independents opposed it. Unorthodox religious forms surfaced and were supported by the army. The lack of censorship, and the ... .... However, there are limitations with it being a regional representation,and therefore, may not have been indicative on a national level. In summary, It can be seen that the army directed the political position of Parliamentarians in various ways, and on numerous occasions. They pushed forward strategies, imposed the will of authority, and were highly involved with the trial of the king. Charles I's execution meant that the Kingdom became a Commonwealth. Cromwell's ventures in Spain demonstrate activity within foreign policy, which highlights the impact of the army was not just confined to the three kingdoms. It could be argued that parliament could not control its own army. After Cromwell's death he nominated his son Richard as successor, who was military inexperienced. The monarchy was restored in 1660, when Charles II accepted the Presbyterian settlement.

Answers to math 230

1. The slope of a function at the point of its local or global maxima is zero. Explain why using an example. The slope of a function is zero at the point of its local or global maxima because of the fact that it is the point where the function is horizontal, thus the slope is really zero. For example, given a function f(x) =-x^2. The first derivative of f is -2x and equating it to zero will yield to solution x=0 which is our candidate for maximum or minimum point. Furthermore, we apply the second derivative test. The second derivative is -2 thus 0 is a local maximum. Accidentally 0 is the only local maximum thus 0 is also the global maximum of the function. At x=0, f(x) =0, which has slope of 0. 2. Show how the derivative of the function f(x) = (2x^4) (3x+2)2 can be obtained with out using the product rule. We can differentiate the given function 2x^4 (3x+2)2 without using the product rule by just simply distributing (2x^4) to the term (3x+2) giving you 6x^5+ 4x^4. Afterwards, multiply it with the constant 2, thus you have 12x^5+8x^5. Now you can solve the derivative using the simple idea of getting the derivative of function.   Hence you have (12)(5)(x^5-1)+(8)(5)(x^4-1) yielding you to 60x^4+40x^3 which is the derivative of the function f. 3. Provide a discussion showing that the limit of the function, f(x) =2x^4 / (x-2) does not exist at x=2. It is possible that the limit of a given function doest not exist at a particular point. In the problem, to show that the limit of f(x) as x approaches 2 does not exist we need to get the right hand side and left hand side limit of f(x). The right hand side limit of f is positive infinity while the left hand side limit of f is negative infinity. Since they are not equal, we are forced to conclude that the limit of f(x) does not exist. Reference: What the Derivative Tells Us About a Function. Retrieved October 12 2007 from http://www.ugrad.math.ubc.ca/coursedoc/math102/keshet.notes/chapter5

Supply Chain And Logistics Management Of Fashion Related...

Executive Summary: The following article will mainly focus on aspects of supply chain and logistics management of fashion related Retailer Company named Zara, which is expected to boost the value of customers, and sustainability concept is considered to be added benefit to the Zara Company. The advantage is mainly because of Zara company’s designing models that are related with business and they are compared with benefits and disadvantages with other companies which have seen success and also highlight on companies that are not successful. The business related strategies and management of supply chain operations are compared between Zara Company and with other companies like Dell and Myers. The difference in strategies and success is compared between Zara and Dell and also Myers with Zara. Introduction: The world has become fascinated towards the fashion. The first thing need to be considered is Fashion; it can be behavior, implementing new ideas on clothing’s, hairstyle, decorations and so on which are automatically linked to our day to day activities. In today’s context, fast fashion has become a trend to a fashion industry patterns yet delivered utilizing less costly materials to guarantee a low cost tag. Many companies have been successful and unsuccessful to earn a trust from their customer. For the matter of success level it depends on how innovativeness they are and also applies the principle of supply chain and logistic management activities for the growth of theirShow MoreRelatedSupply Chain And Logistics Management Of Fashion Related Retailer Company2360 Words   |  10 Pagesaspects of supply chain and logistics management of fashion related Retailer Company named Zara which is expected to boost the value of customers and sustainability concept is considere d to be added benefit to the Zara Company. The advantage is mainly because of Zara company’s designing models that are related with business and they are compared with benefits and disadvantages with other companies which have seen success and also highlight on companies that are not successful. The business related strategiesRead MoreCase study: ASOS and Topshop1547 Words   |  7 Pagesfor supply chains of ASOS and Topshop Word counts: 1273 11th March 2013 Table of Contents 1.0 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 2.0 Overview and Demographics 2.1 ASOS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 2.2 Topshop †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 3.0 Supply Chain 3.1 Supply Chain of ASOS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 3.2 Supply Chain of Topshop †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 4.0 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 5.0 Bibliography †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 1.0 Introduction ‘Fashion industryRead MoreThe Supply Chain Management And Logistics Of Fashion Retailer Essay2114 Words   |  9 PagesThis report aims to study the supply chain management and logistics of fashion retailer, Zara, to boost customer value. The concept of sustainability and competitive advantage is considered with other business models and compared with successful and unsuccessful company. The study is compared with the supply chain management and business strategies of Zara with Dell and Zara with Myers. Introduction Zara was founded and established 1975 by Spanish born Amancio Ortega Gaona. The actual store dealtRead MoreAbercrombie Fitch Co. Essay939 Words   |  4 PagesAbercrombie Fitch Co. (AF) is a fashion retailer that sells casual apparel, personal care products, and accessories to customers across North America, Europe, and Asia. The financial and the consulting industry in the tertiary sector of the economy generate revenue through providing services, knowledge, and skills. Unlike these industries, AF is a retailer that generates revenue through selling its products. AF has two subsidiaries brand, Hollister Co. and Abercrombie Kids, which operate notRead MoreComparison of Zara and Mango stores Log Essay3440 Words   |  14 PagesZara and Mango stores Logistics operations Logistics operations M31EKM Presented by; Farhan Ahmad Student ID 4847234 Table of contents 1. Executive summary 2. Introduction 3. Mango stores 4. Zara stores 5. Comparison of logistics operations between Mango and Zara. 5.1 Inbound and outbound transportation. 5.1.1 Transport mode strategies 5.1.2 Outsourcing of logistics operations 5.1.3 3PL companies 5.2 Warehousing 5.3 Inventory management strategies 5.4 CommunicationRead MoreSupply Chain Management And Distribution1520 Words   |  7 PagesSupply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials in to intermediate and finished products and distribution of these products to the customers. Supply chain Management (SCM) is the management of flow of information, products and services across a network of customers, organization and supply chain enterprises. It incorporates the development and capacity of raw materials, work-in-progress ofRead MoreThe Supply Chain Management And Logistics Of Fashion Retailer2264 Words   |  10 Pages Executive Summary This report aims to study the supply chain management and logistics of fashion retailer, Zara, to boost customer value. The concept of sustainability and competitive advantage is considered with other business models and compared with successful and unsuccessful company. The study is compared with the supply chain management and business strategies of Zara with Dell and Zara with Myers. Introduction Zara was founded and established 1975 by Spanish born Amancio Ortega Gaona.Read MoreLearning from the Fashion Industry: a Structured Literature Review39302 Words   |  158 PagesCRANFIELD UNIVERSITY ELEFTHERIA DIMITRAKOU LEARNING FROM THE FASHION INDUSTRY: A STRUCTURED LITERATURE REVIEW CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS CRANFIELD UNIVERSITY CRANFIELD SCHOOL OF MANAGEMENT CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS Academic Year 2006-2007 ELEFTHERIA DIMITRAKOU Learning from the Fashion Industry: A Structured Literature Review Supervisor: Dr. Chris Morgan August 2007 This thesis isRead MoreMarketing Channels And Logistics Of Zara2858 Words   |  12 PagesIntroduction: â€Å"Logistics is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfilment of orders.† (Christopher, 2011) This coursework describes about Marketing channels and Logistics. It focuses on Zara, an organization with an international profileRead MoreA Supplier Selection, Evaluation and Re-Evaluation Model for Textile Retail Organizations5854 Words   |  24 Pages the factors related to system performance of the certified suppliers determined in the second phase of the model are identified and their relative importance values are suggested. The model utilizes Analytic Hierarchy Process (AHP) and Analytic Network Process (ANP) as decision-making tools. Both model and the weights of the factors determined present a valuable insight on supply processes of a wide range of textile products supplying departments of all retail chain companies. Key Words: Supplier Supply Chain And Logistics Management Of Fashion Related... Executive Summary: The following article will mainly focus on aspects of supply chain and logistics management of fashion related Retailer Company named Zara which is expected to boost the value of customers and sustainability concept is considered to be added benefit to the Zara Company. The advantage is mainly because of Zara company’s designing models that are related with business and they are compared with benefits and disadvantages with other companies which have seen success and also highlight on companies that are not successful. The business related strategies and management of supply chain operations are compared between Zara Company and with other companies like Dell and Myers. The difference in strategies and success is compared between Zara and Dell and also Myers with Zara. Introduction: Zara was first came into existence and well established in the year 1975 and it is under the control of Spanish owner Amanico Ortega Gaona. Firstly the store which is local based manufacturing company was dealing with Zara products which include outlets especially for orders which are cancelled related to lingerie and women wear. These relationships slowly lead to develop into strong relationship between retailer and producer of the products (Ferdows et al, 2003). The Company Zara was in collaboration with parent company called Inditex, both these companies mainly focused on customer demand and supply products as per needs of customers and able to establish supply chainShow MoreRelatedSupply Chain And Logistics Management Of Fashion Related Retailer Company2248 Words   |  9 Pagesof supply chain and logistics management of fashion related Retailer Company named Zara, which is expected to boost the value of customers, and sustainability concept is considered to be added benefit to the Zara Company. The advantage is mainly because of Zara company’s designing models that are related with business and they are compared with benefits and disadvantages with other companies which have seen success and also highlight on companies that are not successful. The business related strategiesRead MoreCase study: ASOS and Topshop1547 Words   |  7 Pagesfor supply chains of ASOS and Topshop Word counts: 1273 11th March 2013 Table of Contents 1.0 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 2.0 Overview and Demographics 2.1 ASOS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 2.2 Topshop †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 3.0 Supply Chain 3.1 Supply Chain of ASOS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 3.2 Supply Chain of Topshop †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 4.0 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 5.0 Bibliography †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 1.0 Introduction ‘Fashion industryRead MoreThe Supply Chain Management And Logistics Of Fashion Retailer Essay2114 Words   |  9 PagesThis report aims to study the supply chain management and logistics of fashion retailer, Zara, to boost customer value. The concept of sustainability and competitive advantage is considered with other business models and compared with successful and unsuccessful company. The study is compared with the supply chain management and business strategies of Zara with Dell and Zara with Myers. Introduction Zara was founded and established 1975 by Spanish born Amancio Ortega Gaona. The actual store dealtRead MoreAbercrombie Fitch Co. Essay939 Words   |  4 PagesAbercrombie Fitch Co. (AF) is a fashion retailer that sells casual apparel, personal care products, and accessories to customers across North America, Europe, and Asia. The financial and the consulting industry in the tertiary sector of the economy generate revenue through providing services, knowledge, and skills. Unlike these industries, AF is a retailer that generates revenue through selling its products. AF has two subsidiaries brand, Hollister Co. and Abercrombie Kids, which operate notRead MoreComparison of Zara and Mango stores Log Essay3440 Words   |  14 PagesZara and Mango stores Logistics operations Logistics operations M31EKM Presented by; Farhan Ahmad Student ID 4847234 Table of contents 1. Executive summary 2. Introduction 3. Mango stores 4. Zara stores 5. Comparison of logistics operations between Mango and Zara. 5.1 Inbound and outbound transportation. 5.1.1 Transport mode strategies 5.1.2 Outsourcing of logistics operations 5.1.3 3PL companies 5.2 Warehousing 5.3 Inventory management strategies 5.4 CommunicationRead MoreSupply Chain Management And Distribution1520 Words   |  7 PagesSupply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials in to intermediate and finished products and distribution of these products to the customers. Supply chain Management (SCM) is the management of flow of information, products and services across a network of customers, organization and supply chain enterprises. It incorporates the development and capacity of raw materials, work-in-progress ofRead MoreThe Supply Chain Management And Logistics Of Fashion Retailer2264 Words   |  10 Pages Executive Summary This report aims to study the supply chain management and logistics of fashion retailer, Zara, to boost customer value. The concept of sustainability and competitive advantage is considered with other business models and compared with successful and unsuccessful company. The study is compared with the supply chain management and business strategies of Zara with Dell and Zara with Myers. Introduction Zara was founded and established 1975 by Spanish born Amancio Ortega Gaona.Read MoreLearning from the Fashion Industry: a Structured Literature Review39302 Words   |  158 PagesCRANFIELD UNIVERSITY ELEFTHERIA DIMITRAKOU LEARNING FROM THE FASHION INDUSTRY: A STRUCTURED LITERATURE REVIEW CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS CRANFIELD UNIVERSITY CRANFIELD SCHOOL OF MANAGEMENT CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS Academic Year 2006-2007 ELEFTHERIA DIMITRAKOU Learning from the Fashion Industry: A Structured Literature Review Supervisor: Dr. Chris Morgan August 2007 This thesis isRead MoreMarketing Channels And Logistics Of Zara2858 Words   |  12 PagesIntroduction: â€Å"Logistics is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfilment of orders.† (Christopher, 2011) This coursework describes about Marketing channels and Logistics. It focuses on Zara, an organization with an international profileRead MoreA Supplier Selection, Evaluation and Re-Evaluation Model for Textile Retail Organizations5854 Words   |  24 Pages the factors related to system performance of the certified suppliers determined in the second phase of the model are identified and their relative importance values are suggested. The model utilizes Analytic Hierarchy Process (AHP) and Analytic Network Process (ANP) as decision-making tools. Both model and the weights of the factors determined present a valuable insight on supply processes of a wide range of textile products supplying departments of all retail chain companies. Key Words: Supplier