The purpose of my project is for me to arrive at a comprehensive understanding of the financial sector of the enterprise world. To draw up the financial data for the year 2009 for Jen’s Supermarket and to touch upon the entity’s efficiency utilizing appropriate instruments of Analysis Description and Overview Jen’s Supermarket is a developed and simulated entity owned by Jenevonne Kirton, who’s the only proprietor. Jen’s Supermarket is a developed grocery store which sells quite a lot of food gadgets and miscellaneous items, serving most of the island in its convenient location.
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The supermarket make use of fifteen staff along with Ms.
The capital at starting was 202800 whereas at end it was 208165 which showed a rise by 5365 on the finish of the month. Suggestions/Recommendations Current Ratio It is recommended that Jen’s Supermarket 1. Uses the surplus money to increase the enterprise by opening one other grocery store. 2. Introduce new product to the business and purchase new equipment. Gross Profit It is usually recommended that Jen’s Supermarket should 1.
Source cheaper suppliers to facilitate the demand of products so profitability could be greater at the end of the month. 2. Offer new promotions every week and supply the customers raffles at an opportunity to win prizes on the finish of the year.
These are given to help Jen’s Supermarket increase gross profit and sales. Conclusion It is obvious that Jen’s Supermarket keeps sufficient information for the business to demonstrate the profitability over the monetary interval for the month. It might however, increase the current ratio and gross profit by incorporating the suggestions/recommendations outlined.
Nevertheless Jen’s Supermarket made an excellent web profit for the month of December in 2009. Overall based mostly on the efficiency of the enterprise Jen’s Supermarket was able to make a profit of 6365 despite the low sales of 104 850.