Member Info for esecallum

Alan Sugar is a billionaire and his companies all make money. He can see at a glance the problem.

He is a hero figure and everyone of his apprentices is making money and are millionaires. Look at that pure blond doctor he trained and for whom everyone has the hots for. She has expanded her clinics to 3 and is makimg money by the bucket load.She is making so much money that she has used the money to buy diamonds for her friends.

I can see a balance sheet and instantly see the problem.

Why you defending an incompetant board? are you a shorter?

Alan Sugar is a billionaire and his companies all make money. He can see at a glance the problem.

He is a hero figure and everyone of his apprentices is making money and are millionaires. Look at that pure blond doctor he trained and for whom everyone has the hots for. She has expanded her clinics to 3 and is makimg money by the bucket load.She is making so much money that she has used the money to buy diamonds for her friends.

I can see a balance sheet and instantly see the problem.

Why you defending an incompetant board? are you a shorter?

Profit is determined by:

the money you get from sales
the cost of stock – if you're selling a product
all the expenses you incur.

Sales, gross profit and net profit are the income earned by the business. Cost of goods, commissions/discounts, variable and fixed expenses are business expenses.

Keeping a close eye on each of these will ensure you're maximising the profit in your business, which can be calculated by:

sales – which consist of commissions paid / discounts given + cost of goods + gross profit
gross profit – which is made up of variable + fixed expenses + net profit

How can his shareholding be protected? do they have serial numbers on them.

The article is just too stupid..

insulting me is gonna solve anything?

i am standing on a table and my arms are akimbo. i am unbloodied and unbowed your petty insults

i am totally confident in my postion

i have the greatest confidence in this mIssion to save debs.

i have sent a transcript of this conversation to Mike Ashley but not those f*** wits at the DEB BODS.

Next, M&S etc are performing much better.

Esecallum, I agree with you from an accounting perspective.

Exactly. why are they doing better. Maybe they doing the right thing.

Why was bod paying dividends instead of clearing the debt and reducing interest payments?

i mean this is just massive stupidity. they made a 100 million. last time where did the money go?

All you have to show the landlord is the empty till.Tell them the position is untenable. They can have 50% or zero and close the store. They will get the message

ITS ALL ABOUT MATH. The figures were telling the clown in charge they were sliding towards a cliff and they failed to cut costs.

Who signed rent only increase lease? whats his name? did he get backhanders? was corruption involved. They failed to prosecute the people who stole a billion from them in 2007.

computers would have shown the crossover point into debt 3 years ago and the morons in charge did nothing.

Its all about math.

Every DEB store would a separate entity held by a holding company.Makes a loss? close it. show the landlord negative profit. he can hire 10000 lawyer.s you cant get blood out of a stone.

Letter s in not needed. Profit is determined by:

the money you get from sales
the cost of stock – if you're selling a product
all the expenses you incur.

Sales, gross profit and net profit are the income earned by the business. Cost of goods, commissions/discounts, variable and fixed expenses are business expenses.

Keeping a close eye on each of these will ensure you're maximising the profit in your business, which can be calculated by:

sales – which consist of commissions paid / discounts given + cost of goods + gross profit
gross profit – which is made up of variable + fixed expenses + net profit

Profit is determined by:

the money you get from sales
the cost of stock – if you're selling a product
all the expenses you incur.

Sales, gross profit and net profit are the income earned by the business. Cost of goods, commissions/discounts, variable and fixed expenses are business expenses.

Keeping a close eye on each of these will ensure you're maximising the profit in your business, which can be calculated by:

sales – which consist of commissions paid / discounts given + cost of goods + gross profit
gross profit – which is made up of variable + fixed expenses + net profit

Small Business Victoria Finance Fundamentals workshop banner
Increase your sales

Improve profit by looking at the money you earn from sales, and increase:

the number of customers
the volume of goods or services existing customers buy
the sales price.

To increase your sales, objectives should include:

ensuring as many potential customers as possible know about your business – and what you have to offer
existing customers are happy with your product or service – and want to buy more of it.

If you have a good marketing strategy in place, it will help you increase the number of customers – or the amount they buy.

A marketing plan:

lists your key marketing strategies
explains how each strategy will work
identifies how much the strategies will cost
shows you how the strategies support each other.

Conducting market research will help you identify and define marketing opportunities and problems, and generate sales.

If you don't have a template for a marketing plan, use our template below.

Marketing plan template (DOCX 140.2 KB)
Review your sales prices regularly

Ensure you're covering all related costs and still making a profit.

Find out how to calculate margins, mark-up and break-even amounts – this will help set the right sales price to meet your profit expectations.
Calculate cost of goods sold
Cost of goods = opening stock + purchases - closing stock.

Manage your cash flow by carefully watching your stock levels and keep a close eye on your payments to suppliers and payments from debtors.
Calculate cost by industry

Retailing and wholesaling;
is the difference between the stock at the start and end of an inventory reporting period – this would include stock sold in between
Manufacturing;
is finished-goods stock, plus raw materials inventories, goods-in-process stock, direct labour, direct factory overhead costs – and goods sold in between
Service businesses;
is determined by labour used rather than sale of a product – so calculating the cost of goods sold is simpler due to the low-level use of materials required to earn the income.

Review your expenses

Expenses have an impact on profits. Review your expenses and look for ways you can cut back.

Separating expenses into categories helps calculate your cos

look is is difficult to plot the costs year by year and see how sales and profits are declining?

or how interest on loans and debt is rising?

i mean it so simple and do something. i would have slashed costs and shut all stores which were not making profit.
i would have threatened landlords with 50 rent or shut the srore and suck my ass. NO NONSENSE APPROACH,

The BOD needs to be fired and banned from holding any job higher than a street sweeper.
i have very high regard for street sweepers .i salute them when i pass them by.

Retail math is used daily in various ways by store owners, managers, retail buyers, and other retail employees to evaluate inventory purchasing plans, analyze sales figures, add-on markup, and apply markdown pricing to plan stock levels in the store. Although most accounting programs do the math for you, as a business owner or accountant you should know the most common retail math formulas that are used to track merchandise, measure sales performance, determine profitability, and help create pricing strategies.
Acid-Test Ratio

This is a measurement of how well a business could meet its short-term financial obligations if sales suddenly stopped. The purpose of this calculation is to determine how easily a company could be liquidated and helps financial institutions determine creditworthiness. The easier it is to liquidate, the less risk to the bank or financial institution. Retail stores may have very low acid-test ratios without necessarily being in danger. For instance, for the fiscal year ending January 2017, Walmart Inc.'s acid-test ratio was 0.22, while Target Corp.'s was 0.29, equating to ratios of 0.86 and 0.94, respectively.

https://www.thebalancesmb.com/retail-math-formulas-2890409

look stocks costs times margin = revenue.

revenue - minus costs = profit.

subdivide the costs to see the problem

Alan Sugar is a billionaire and his companies all make money. He can see at a glance the problem.

He is a hero figure and everyone of his apprentices is making money and are millionaires. Look at that pure blond doctor he trained and for whom everyone has the hots for. She has expanded her clinics to 3 and is makimg money by the bucket load.She is making so much money that she has used the money to buy diamonds for her friends.

I can see a balance sheet and instantly see the problem.

Why you defending an incompetant board? are you a shorter?

what i am saying is that the BOD is incompetant and clueless.They have failed to drive sales and reduce costs
and adjust prices.

They have not studied the computerized sales and understood to stock stuff that sells or is in demand.

Remember how in their updates they were talking to landlords over the last few RNS statements. what happened? no mention of the outcome. i think they were lying and need to be sacked and prosecuted for false statements.

bucher is a pansy and clueless.his auccessor a dweeb and a passenger.

How can they get a good return with a moronic BOD in charge which is only going to increase DEBT and failed to
do anything but waste money on dumb things like debs redesigned.

anyone?

How can his shareholding be protected but everyone else wiped out ? do they have serial numbers on them.

The article is just too stupid... i dont understand. Could somone help me please understand this?

How can his shareholding be protected? do they have serial numbers on them.

The article is just too stupid..

surely he would be wiping out his own stake as well?
it just makes no sense.

I work in a place where they never replace staff who leave and dont pay redndancy.

the rest of the staff work harder and harder until they they too leave.

You can check their annual accounts.