As an experienced worker at Schlotzsky’s Deli, I acquired the responsibility of generating a weekly profit report. At the end of each week, I collected the revenue our store earned in the cash form, and deposit the earnings at the bank. After making the deposit, I would receive a report from the bank that reported how much revenue our store earned off of credit and debit transitions. Finally, after all the sources of revenue were accounted for, I tallied the total revenue our store generated for that week. Next, I subtracted the weekly expenses from the weekly revenue, to generate the weekly profit. From here, I entered this data into an Excel spreadsheet and compared the profits from prior weeks.
1. Using the historical data as a guide, construct a pro forma (forecasted) profit and loss statement
This proves that the marketing strategy increased mid-week sales from 20% to 30%. This sales mix caused variances in the actual operating income and the budgeted operating income. The flexible budget, flexible-budget variances and sales volume variances provide further analysis into the profitability of the operations.
The job itself isn’t bad, depending on the shift and the day anyways. Our duty is to cook food in a fryer, oven, rotisserie, slice meat and cheese on a slicer, serve customers, wash dishes, and the list could go on. For example, if there is a night shift there 's a long list of things we have to clean. If the staff work together, we’ll be able to leave work early. For instance last night we were able to get the job done. Megan and I were the only ones there to close the store last night. We are normally supposed to have three people closing and Megan was sick so I had to do a lot of cleaning. She hated the fact that she kept asking me to do things, but I really wasn 't doing anything. Like the phrase same stuff, different day. That 's not how it 's said, but you get the idea.
I think that David Zinczenko would respond to supermarket’s claims that “how much we eat is not their problem, it's ours,” by agreeing that it is our personal responsibility to watch what we eat, but the store is also at fault for displaying only unhealthy foods and making it more expensive to buy smaller sizes. “Supermarket managers tell me that this kind of pricing is not the store’s fault. If you want smaller sizes, you should be willing to pay more for them. (The Supermarket: Prime Real Estate 503). People want to get more for their money, so unless they need the smaller size for something like portability, they will probably get the bigger size. While buying food at a grocery store may be cheaper than fast food in the long run, junk food
know what it is exactly, in order to assess the extent to which the accounting profit reflects
This case involves a mid-sized, regional grocery store chain called Reed Supermarkets. Reed has 192 retail stores, two regional distribution centers and 21,000 employees in five states in the Midwest of the United States. This case discusses Reed’s market strategy for the Columbus, Ohio, market in particular, which is one of Reed’s largest markets. The Columbus market has grown slightly over the past five years, while Reed’s market share has dwindled slightly in the market. Reed has watched their market share stagnate with the entrance of new competitors (10% growth in stores) and a dramatic shift in customer preferences to value or
This paper is a company analysis on Giant Hypermarket Malaysia in general, but specifically focusing on Giant Hypermarket Sabah. Giant Hypermarket is a major supermarket and retailer chain in Malaysia. It is a subsidiary of Dairy Farm International Holdings (DFI) and is headquartered in Shah Alam, Selagor. In this paper, firstly we focus our analysis in identifying the Strength-Weaknesses-Opportunities-Threats (SWOT) of Giant; in addition, we constructed a SWOT Matrix for Giant where we identified the SO, ST, WO and WT strategies, which we think Giant should apply to improve their competitiveness. Next we focus our analysis on the external as well as the internal analysis on Giant. In the external analysis, we center our
Perfect pizzeria is staffed primarily from college and high school students; however, when hiring for management positions there is no systematic criteria in which to select the best-qualified person for the job. Those currently occupying leadership positions do so without the proper leadership training or experience to handle the open communication required to build team cohesion in a food franchise environment.
A journal is in writing of an idea that prognoses income also known as revenue and expenses, which is the Lemonade stand's spending for a specific period of time. Stated in monetary units and descriptions, the journal is based on the Lemonade stand goals and guarantees practical preparation for sales based on factors like the weather, supplies and the customers. A journal indicates expected revenue, foreseen expenses, and a predicted net income or loss. The journal lists a description of activities on day to day basis showing accounts under the debit columns and amounts on credit columns of expenditures and revenues profits in single file format, which results in the ending balance equaling the amount of debits and credits. This report, also known as a Statement of Operations or a Statement of Receipts and Disbursements, gives a picture of how much money was earned (revenue) by the company and how much money was expenses over a certain time period. A balance sheet is a summary of the financial position of the company at a specific point in time and it includes three parts. Assets are anything of worth that the Lemonade stands possesses. The Lemonade stand may have one or several of each of two types of assets listed in its balance sheet. A current
The Johnsonville Sausage Co. (A) case study from Harvard Business School is about Johnsonville Sausage Co, a sausage manufacturer and wholesaler in Johnsonville, Wisconsin. As the company grew over time, the president of Johnsonville Sausage Co., Ralph Stayer, faced many big problems in his organization. After Stayer listened to a lecture about how managers could change their philosophy and style of management from Dr. Lee Thayer, a professor at the University of Wisconsin, Stayer thought about his organization and found out that the problems in his organization were the result of the way he managed his
Subway Sandwich, as presented in the Case Study presented in the Marketing Management MGT 551 class, is an undisputed market leader in a segment that is “firmly established as a nationwide food item for which there is plenty of room in all areas” (University of Phoenix, 2008). However, with a growing competition, changing consumer trends and increased product specialization, Subway’s real strategic marketing challenge is to be able to develop and maintain a differential advantage while sustaining sales growths and profitability.
(4) Helping in ascertaining the results of business during a certain period of time, profit or loss,.
The power of buyers is extremely strong in the restaurant industry as a whole, and particularly in the sandwich industry. Buyers have many options to choose from for lunch they can 'brown bag it' or patronize other stores such as Subway, 7-11, or a non-chain establishment While the Hometown Deli is said to be the only deli in the neighborhood, this does not give the Hometown an exclusive monopoly. Provided customers 'plan ahead,' hungry potential patrons can travel farther away on their lunch breaks or buy lunch beforehand. If they don't 'need' a sandwich, they can even buy lunch from a vending machine in the form of chips and cookies.
Domino’s pizza is a worldwide company with a revenue of $1.802 billion USD but the throughput is slow as compared to company expenses and if the employees are skilled in performing their tasks, it will increase their contentment and this will result in positive outcome of the business. Domino’s Pizza will doing to cut the cost by executing competent process. The main issue with Domino’s Pizza is that they have extra staff in all the departments like production, sales and housekeeping as linked to necessary staff but management is not aware that how to reduce the staff which are working as present. Using Resource integration technique we able to improve the usage of the staff working and hours limit