Revolutionary Footware Product Assignment Example | Topics and Well Written Essays - 1500 words

Revolutionary Footware Product - Assignment Example These statements shall then be used to determine if the project is viable or not. To bring out this details, the report shall develop a marginal costing statement that clearly points out the cost per unit of producing each item of the new footwear product, a break even analysis table and graph that shows the time that the project will take to break even, a cash budget that shows how cash will be utilized across the first 12 months, a forecast income statement that shows how much profits will be made from the project within the first 12 months and a forecast balance sheet that shows the project’s assets and liabilities as at the end of each of the first 12 months of operation. The new footwear product that will be developed is a sports shoe that is made of alligator skin combined with goat skin which is known to be light and comfortable as well as durable enough to fit the potential expected for this project. Alligators are rare species and as such the portion of alligator skin used on each shoe will be minimal. On the other hand, goat skin is readily available therefore the supply of the same is expected to be sufficient (Boer Goats 2011). The footwear product shall be referred to as the ‘sporting’ Financial projections The products revenue forecasts, the profits and the cash flows are based on the following assumptions The goats skin shall be readily available and each alligator skin available shall be utilized to the maximum, Due to the revolutionary nature of the product, the monthly sales are expected to be 50,000 units with a monthly growth rate of 2%. The market for the product is expected to be readily available due to the number of shoe distributors available The footwear product has a high growth potential in the United Kingdom due to its light weight and durability which will make it stand out from the rest of the footwear products available in the United Kingdom and eventually the world at large. The price of the footwear product is expected to be ?40 per unit which is priced based on the quality of the footwear and the competitors as shown by the price of footwear in the UK and the US (All footwear 2011). The production capacity of the production process is expected to run at the optimal point from the beginning of the project (West, Hussey and Bendrey, 2003). Marginal costing cost statement (Evans and Michael 2011). The price of the new footwear product will be equal to ?40 as shown in the marginal cos

Personal Essay Example | Topics and Well Written Essays - 2500 words

Personal - Essay Example Each of the section also contains background information of each type of services offered by the bank. The financial banks offer several services for the customers and each of them has different importance for different types of customers. The introduction of technology and the fast growth of internet usage have allowed the financial companies to add more value to the customers without much effort. The beginning of internet banking has made it easier for the customers to conduct their banking activities at ease and at their convenience. Although the mode of banking has evolvedbut the overall concept of individual activities are still the same. This paper is focused on the services offered by HSBC bank in their website. It will cover three basic services in details, which are Banking, Borrowing and Investing. The Qatar branch of HSBC will also be covered in this paper. Savings Bank Account:The banking segment of HSBC offers two types of services, savings account and current account. An individual can choose anyone or both types of account depending on his requirements. The savings account allows an individual to accumulate funds and gain interest on it. It helps the individual to save money for future use. Current Bank Account: The current bank account is particularly for business purposes and offers services, which are exclusive to financial activities of a business. It allows the customers to deal with liquid funds, such as deposit funds, withdraw funds, write check, etc. Moreover, the customers can make unlimited transactions in a day (Money, 2015). HSBC Qatar offers three different types of accounts based on the requirement of the customers. They are Basic Current Account, Advanced Current Account and Premier Current Account. Money Transfer: The money transfer facility of HSBC Qatar allows the customer to transfer funds to different accounts. The customers can transfer money to pay bills, send money to