Balance Sheet and Annual Financial Statements free essay sample

The directors are responsible for the preparation and fair presentation of the annual financial statements of the Company and Group, comprising the directors’ report, the statements of financial position as at June 2013, the statements of comprehensive income, changes in equity and cash flows for the year then ended, and the notes to the financial statements, which include a summary of significant accounting policies and other explanatory notes, in accordance with International Financial Reporting Standards (IFRSs) and the requirements of the Companies Act of South Africa. The directors are satisfied that the information contained in the annual financial statements fairly represents the financial position at year-end and the financial performance and cash flows of the Company and Group. The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and for maintaining adequate accounting records and an effective system of risk management as well as the preparation of the supplementary schedules included in these financial statements. The directors believe that the Company and Group have adequate resources to continue trading as a going concern in the foreseeable future. The annual financial statements support the viability of the Company and the Group. The Group’s external auditors, PricewaterhouseCoopers Incorporated, audited the Company and Group annual financial statements, and their report is presented on page 5. The external auditors were given unrestricted access to all financial records and related data, including minutes of all meetings of shareholders, the board of directors and committees of the board. The directors believe that all representations made to the independent auditors during their audit are valid and appropriate. Approval of Annual Financial Statements The Company and Group annual financial statements of Shoprite Holdings Ltd, as identified in the first paragraph, were approved by the Board of directors on 19 August 2013 and signed on its behalf by: CH Wiese Chairman JW Basson Chief Executive Officer Certificate of the Company Secretary In terms of section 88(2)(e) of the Companies Act no 71 of 2008 (as amended) I, PG du Preez, in my capacity as Company Secretary, confirm that for the year ended 30 June 2013, the Company has lodged with the Companies and Intellectual Property Commission, all such returns as are required of a public company in terms of the Companies Act and that all such returns and notices are true, correct and up to date. PG du Preez Company Secretary 19 August 2013 Directors’ Report Shoprite Holdings Ltd and its Subsidiaries 2 NATURE OF BUSINESS Shoprite Holdings Limited (â€Å"Shoprite Holdings†) is an investment holding company listed on the Johannesburg Stock Exchange Limited (â€Å"JSE†) in the â€Å"food retailers wholesalers† sector. Secondary listings are also maintained on the Namibian and Zambian Stock Exchanges. supermarket premises or developing new shopping centres to accommodate one of the Group’s supermarket formats. New retail developments and the redevelopment of existing properties are supervised through every stage of the planning-, design- and construction process. SHOPRITE INVESTMENTS LTD: SHOPRITE HOLDINGS COMPRISES OF THE FOLLOWING MAIN SUBSIDIARIES: As a wholly owned subsidiary of Shoprite Holdings, Shoprite Investments conducts the Group’s treasury function and financing of credit sales to third parties. SHOPRITE CHECKERS (PTY) LTD: Supermarkets: Serves a broad customer base through our Shoprite, Checkers, Checkers Hyper and Usave store formats. Supply Chain Management: Supplies the Group’s outlets in South Africa and 16 Non-RSA countries. The Group prides itself in running a state-ofthe-art distribution operation and became the first South African retailer to receive the ISO 9002 accreditation for import and export handling. Fast Foods: The Hungry Lion chain now boasts modern, well-designed stores with an inescapable focus on fried chicken and operates outlets within South Africa, Botswana, Zambia, Lesotho, Swaziland, Namibia, Angola and the Democratic Republic of Congo. Franchise: The OK Franchise Division’s stores offer a wide range of perishable and non-perishable food items and liquor under the OK, Friendly Grocer, 7-Eleven, Megasave en Sentra brands. Freshmark: Freshmark is the Group’s fruit and vegetable procurement and distribution arm and supplies fresh produce to the Group’s retail outlets. As one of the largest buyers of fresh produce in South Africa, Freshmark also imports fruit and vegetables to ensure a wide variety and continuity of traditionally seasonal fresh produce. Liquor Stores: Trading under the Shoprite and Checkers LiquorShop brands respectively, the liquor shops have extended the Group’s offering by providing a selection of wines, beers and a wide range of premium spirits to its customers. Meat Markets: The Group’s meat market division is the largest retailer of fresh meat on the African continent. Customers are served through in-store butcheries that employ qualified butchers and technicians. Money Markets: Money Markets offer a comprehensive range of financial services and products to the Group’s customers through dedicated in-store service counters. Furniture: The Furniture division offers furniture, electrical appliances and home entertainment products to customers for cash or credit through its OK Furniture, OK Power Express and House Home outlets in South Africa, Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique and Angola. Pharmacies and wholesale distribution: MediRite’s in-store pharmacies offer consumers an easy access to affordable healthcare and healthcare professionals. These in-store dispensaries currently operate throughout South Africa and also in Angola and Swaziland. The Group’s pharmaceutical wholesaler, Transpharm, sells and distributes a wide range of pharmaceutical products and surgical equipment to hospitals and clinics, dispensing doctors, veterinary surgeons and private and corporate pharmacies. Properties: This division is tasked with the responsibility of expanding the supermarket portfolio through the identification and leasing of new SHOPRITE HOLDINGS LTD ANNUAL FINANCIAL STATEMENTS 2013 COMPUTICKET (PTY) LTD: As a premier ticketing solution provider and one of the most recognised brand names, Computicket offers theatre, concert, festival, sport and cinema tickets along with bus tickets and gift vouchers through a network of outlets located across South Africa and Namibia, a call centre as well as the Computicket website. Computicket also offers travel packages. SHOPRITE INTERNATIONAL LTD: Incorporated in the Republic of Mauritius, Shoprite International is the holding company for the majority of the Group’s non-South African retail and property investments. SHOPRITE INSURANCE COMPANY LTD: Provides first and third party short-term insurance to the Group and its customers. OTHER GROUP SUBSIDIARIES: The interests of Shoprite Holdings in other subsidiaries are set out on page  69 of the Annual Financial Statements. FINANCIAL REVIEW The Group’s headline earnings per share amounts to 675,4 cents for the year (2012: 607,0 cents). Details of the profit of Shoprite Holdings and its subsidiaries are contained in the statement of comprehensive income on page 7 with reference to the operating segment information on page 23. The financial position of Shoprite Holdings and its subsidiaries are recorded in the statement of financial position on page 6. Further details are furnished in the notes to the annual financial statements on page 10 to 68. The Group’s net asset value per share as at 30 June 2013 was 2  837 cents (2012: 2  382 cents). DISTRIBUTION TO SHAREHOLDERS PREFERENCE DIVIDENDS Details are reflected in note 27 to the Group’s Annual Financial Statements. ORDINARY DIVIDENDS An interim cash dividend (no. 128) of 123 cents per share was paid on 18  March 2013. A final dividend (no. 129) of 215 cents per share, is payable on 16 September 2013, bringing the total dividend for the year to 338 cents (2012: 303 cents) per ordinary share. 3 SHARE CAPITAL The authorised share capital of Shoprite Holdings remained unchanged at 650 000 000 (six hundred and fifty million) ordinary shares of 113,4 cents (one hundred and thirteen comma four cents) each. There was no movement in the number of issued Shoprite Holdings ordinary shares which remained at 570 579 460 shares of 113,4 cents each. On 28 June 2012, shareholders approved the issue of an additional 13  803  405 non-convertible, non-participating, no par value deferred shares in the share capital of Shoprite Holdings to Thibault Square Financial Services (Pty) Ltd pursuant to the issue of 27  100  000 ordinary shares during the previous reporting period. These deferred shares were however only issued on 25 July 2012. As at 30 June 2013, 35 436 472 (6,2%) ordinary shares were held as treasury shares by a wholly owned subsidiary of Shoprite Holdings. GOING CONCERN The annual financial statements of the Group were prepared on a going concern basis. The Board has performed a formal review of the Group’s results and its ability to continue trading as a going concern in the foreseeable future. The directors of Shoprite Holdings confirm that they are satisfied that the Group has adequate resources to continue in business for the foreseeable future. During the reporting period the following special resolutions were passed by main Group subsidiaries: SHOPRITE CHECKERS (PTY) LTD – Special resolution number 1: Approval of new Memorandum of Incorporation; and – Special resolution number 2: Financial Assistance to Subsidiaries, Related and inter-related entities. SHOPRITE INVESTMENTS LTD – Special resolution number 1: Approval of new Memorandum of Incorporation. COMPUTICKET (PTY) LTD – Special resolution number 1: Approval of new Memorandum of Incorporation. SHOPRITE INTERNATIONAL LTD Special resolution number 1: Approval of new Constitution. SHOPRITE INSURANCE COMPANY LTD – Special resolution number 1: Approval of new Memorandum of Incorporation. BORROWINGS DIRECTORS AND SECRETARY Shoprite Holdings has unlimited borrowing powers in terms of its Memorandum of Incorporation. The Group’s overall level of debt increased from R4  035 million to R4  151 million during the financial year under review. The directors’ names and details are furnished on pages 8 and 9 and the company secretary’s name, business and postal address on page 67 of the Integrated Report. In terms of the Memorandum of Incorporation of Shoprite Holdings (â€Å"the MOI†), no less than one third of the non-executive directors shall retire by rotation at each Annual General Meeting. Dr CH Wiese, Messrs EC Kieswetter, JA Louw and JF Malherbe retire as directors, in terms of paragraph 33. 5. 1 of the MOI of the Company, at the Annual General Meeting. Dr CH Wiese, Messrs EC Kieswetter and JA  Louw have offered themselves for re-election as directors of Shoprite Holdings. The board supports the re-election of these directors. SPECIAL RESOLUTIONS At the Annual General Meeting of Shoprite Holdings held on 29 October 2012, shareholders approved the following special resolutions: – Special resolution number 1: Remuneration payable to Non-Executive Directors; – Special resolution number 2: Financial Assistance to Subsidiaries, Related and inter-related entities; – Special resolution number 3: Financial Assistance for Subscription of Securities; – Special resolution number 4: General Approval to repurchase shares; and – Special resolution number 5: Approval of new Memorandum of Incorporation as proposed by the Board. Directors’ Report (continued) The company’s directors are responsible for the preparation and fair presentation of these consolidated and separate financial statements in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa, and for such internal control as the directors determine is necessary to enable the preparation of consolidated and separate financial statements that are free from material misstatement, whether due to fraud or error. AUDITOR’S RESPONSIBILITY Our responsibility is to express an opinion on these consolidated and separate financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated and separate financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION In our opinion, the consolidated and separate financial statements present fairly, in all material respects, the consolidated and separate financial position of Shoprite Holdings Limited as at 30 June 2013, and its consolidated and separate financial performance and its consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa. OTHER REPORTS REQUIRED BY THE COMPANIES ACT As part of our audit of the consolidated and separate financial statements for the year ended 30 June 2013, we have read the Directors’ Report, the Audit Committee’s Report and the Company Secretary’s Certificate for the purpose of identifying whether there are material inconsistencies between these reports and the audited consolidated and separate financial statements. These reports are the responsibility of the respective preparers. Based on reading these reports we have not identified material inconsistencies between these reports and the audited consolidated and separate financial statements. The  most significant assumptions and estimates used in applying the Group’s accounting policies relate to the following: a) Impairment of assets: The Group performs a review of loss-making stores and considers the need for the impairment of assets under these circumstances. This determination requires significant judgment. The Group evaluates amongst other things, the duration and extent of the losses, the near-term business outlook for the store, and the possible redeployment of the assets between stores. Refer to notes 3, 9 and 26. Useful lives of assets: In determining the depreciation and amortisation charge for property, plant and equipment and intangible assets, management applies judgment in estimating the useful lives and residual values of these different asset classes. Refer to notes 3, 9 and 21. c) Income taxes: The Group is subject to income taxes in numerous jurisdictions. Significant judgment is required in determining the worldwide accrual for income taxes. The Group recognises liabilities for anticipated uncertain income tax positions based on estimates of potential additional taxes due. With regards to deferred income tax assets for unutilised income tax losses, judgment is also required to whether sufficient future taxable income will be available against which these losses can be utilised. Refer to notes 1. 11 and 28. d) Allowances for doubtful debts: Trade receivables include instalment sale debtors and franchise debtors for which allowances for impairment are made in accordance with the accounting policy in note 1. 15. These calculations involve the discounting of projected future cash flows and require the use of estimates. Details regarding the allowances are set out in note 12. e) Employee benefit accruals and provisions: Various assumptions are applied in determining the valuations of post-retirement medical benefits, share based payment accruals and long term employee benefits as set out in notes 1. 20, 1. 22, 14, 17 and 35. Estimates and assumptions that have a significant risk of causing a material adjustment to the carrying value of assets and liabilities in a subsequent year relate to the following: income taxes; allowances for doubtful debts and employee benefit allowances. All estimates and underlying assumptions are based on historical experience and various other factors that management believes are reasonable under the circumstances. The results of these estimates form the basis of judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and any affected future periods. Use of adjusted measures The measures listed below are presented as management believes it to be relevant to the understanding of the Group’s financial performance. These measures are used for internal performance analysis and provide additional useful information on underlying trends to equity holders. These measures are not defined terms under IFRS and may therefore not be comparable with similarly titled measures reported by other entities. It is not intended to be a substitute for, or superior to, measures as required by IFRS. a) Trading profit on the face of the statement of comprehensive income, being the Group’s operating results excluding foreign exchange rate differences and income or expenditure of a capital nature. b) Income or expenditure of a capital nature on the face of the statement of comprehensive income, being all re-measurements excluded from the calculation of headline earnings per share in accordance with the guidance contained in SAICA Circular 3/2012: Headline Earnings. The principal items that will be included under this measure are: gains and losses on disposal and scrapping of property, plant and equipment, intangible assets and assets held for sale; impairments or reversal of impairments; any non-trading items such as gains and losses on disposal of investments, operations and subsidiaries. c) Interest received on the face of the statement of comprehensive income, being only interest received on call and operating bank account balances. Subsidiaries Subsidiaries are entities (including special purpose entities) which are, directly or indirectly, controlled by the Group. Control is established where the Group has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another.

The Secret Truth About Topics to Do an Argumentative Essay on Revealed

The Secret Truth About Topics to Do an Argumentative Essay on Revealed How to Get Started with Topics to Do an Argumentative Essay on? You should take part in far-reaching investigating to cover all elements of this issue and all point of views by different folks. The first thing you're likely to have to do is to pick a topic that has more than one clear side. Choose from popular topics that folks are passionate about. You're going to need to select a topic first, but your topic ought to be something that has two conflicting points or unique conclusions. It's crucially important to completely engage yourself in this issue you will write. Otherwise, you've got to consider about choosing another topic. You will likely find a different and fantastic topic you will love to write about. Before you commence writing your essay, you should study the sources pertinent to the prospective subject, and make certain you have enough evidence to strengthen your thesis statement. Once more, it is necessary to use valuable facts and statistics. Frequently the discussions become heated up as debates and wind up as arguments. You will then have to approach this issue by gathering, generating, and evaluating credible sources to back up your evidence. Sometimes, it's an excellent idea in order to add something funny to your argumentative essay. Our crew of professional writers with the essential experience an d writing skills is always prepared to fulfill your demands and exceed your expectations. An argumentative essay is a writing piece intended to persuade a person to believe the way that you do. The chief reason why somebody is writing an argumentative essay is to try to persuade or sway another individual or perhaps a group of men and women in your rightness in a particular theme. How to Choose Topics to Do an Argumentative Essay on Thus, you can ask all the essential questions and consult on some points. You will need to realize that different individuals have various points of view regarding the very same topic, so be patient. It's important to select debatable argumentative essay topics since you need opposing points you may counter to your own points. Any great task finishes with an amazing conclusion and the very best examples of the argumentative essay will arrive in with a conclusion with an overview of all of the points together with a gist of the evidences provided. Type of Topics to Do an Argumentative Essay on If you are a newcomer to argumentative essay writing, it is far better to choose an effortless topic. Researching the topic will enable you to find out more about what fascinates you, and should you pick something you really like, writing the essay will be more enjoyable. Your essay should consist of recent statistics and data from reliable sources. To come across argumentative essay topics easy on various platforms, you want to comprehend about the argumentative essay. Inspiration to make your own advertising or media argumentative essay topics isn't tough to discover. You don't need to find super technical with legal argumentative essays, but make certain to do your homework on what the recent laws about your favorite topic actually say. To do so, you will need to get a guide to compose the very best essay on the selected topic. If you're in a college and wish to compose an argumentative essay, you should pick a subject of high importance. The introduction contains an explanation of the problem, background info, and the author's position. So make certain you decide on a subject, which has values in it. Thus, it's important to read corresponding formatting guide. Formatting is among the steps on the best way to your preferred grade. Even if you're a specialist in a particular field, don't be afraid to use and cite external sources. When you develop this kind of essay, you must make your claims by your composition so it will be open fordeb ate. The thing you ought to do so as to structure an argumentative essay is to set a claim that's debatable. You may continue to keep your argumentative essays for your upcoming job portfolio in case they're highly graded. Consult with our argumentative essay example at a better understanding. The essay should have a little structure, unlike a normal essay. An argumentative essay presents either side of a problem. Usually, it has the same outline as the majority of traditional papers. Review the next sample for a foundation for your own writing, but note it is shorter than a common essay. It is very important to check reviews about essay writing services in order to be confident they can deliver your task before the deadline. People in demand of case study research should rush to appreciate our assistance. Mind a thesis proposal as a distinct assignment is a lengthy, doctoral-level project.

What Kind of Topics Are Usually in an Expository Essay?

What Kind of Topics Are Usually in an Expository Essay?A typical expository essay might be very broad, with just one or two topics listed. However, it should not be described as 'an essay on nothing,' or worse, as an essay on nothing but general topics. An expository essay should be focused and detailed enough to present an idea, but not so specific that it is too dry or boring.The job of an expository essay is to persuade readers of the importance of a particular topic and encourage them to take an action that supports or confirms their viewpoint. They should not provide details that are unrelated to the topic or distract from the main point.There are some basic topics you will want to discuss with your author for a general audience. First, make sure to explain why a topic is important. You could use examples to help the reader make up their own mind.Introduce the reader to the concept of a cause and effect relationship between events. Show how this concept can be applied to a situa tion and how the writer understands the basic idea behind it. Make sure to state a working causal model of the issue at hand. Explain how the cause or the set of causes determine the effect of the event, and then you might have your story in place.As long as you can keep your message clear and your readers interested, you can be an interesting writer. Use short, descriptive sentences and, in conjunction with them, show how the relationship between cause and effect works. Always finish with a question, either of the reader's or of yourself.A serious topic like war, famine, or disease must have a supporting argument. A living cause isa better alternative than a dead cause, as far as entertainment value is concerned. You can incorporate a real person into the mix and strengthen your support for your thesis.You may also use popular groups, events, and people to show how people react to certain situations. Some support for your argument can be found from the other side.A proper expositor y essay can help people think about the world in ways they never thought possible. Explore your ideas and gather as much support as you can before writing the paper.

Sixth Term Examination Papers

Sixth Term Examination PapersSixth Term Examination Papers is not as complicated as you might think. The content of the exams is commonly reviewed by the literature and instructors as well as teachers and even students from third, fourth and fifth years of high school. It does not really matter if you are doing sixth term at college, you will get this time every year to prepare for the last exam, which will tell you whether you are ready to go to university. The objectives of the exams are same throughout, the main objective is to ensure that you pass the core course that is given by a college or university. This part of the examination takes a few hours of your time and involves you to explain the core courses of the college you are planning to go to. The English and Math sections are different in these exams, but they can serve the same purpose of checking your knowledge in the areas of mathematics and English.The content of the examination covers the same content, it is just the w ay the basis of the examination is written that will have some differences. The scope of this examination is aimed at students who want to go to college. There are some college majors that are required by all colleges to guarantee that you pass the examination, which is why every college or university requires students to take these types of examinations.You might want to take Sixth Term Exam Papers for the first time if you are not sure that you are up to the test, and think that you might not be able to perform the required calculation or that you are afraid to fail the exam. There are different ways to start. You can start with books that are related to your academic studies or even by reading the theory textbooks on the topic. You can also search for specific sources of websites which contain the instructions on how to solve the problem for which you are to take the examination. If you are really desperate, you can find some well-known college and university instructors who will help you with the questions on the problems of the examination.Thefirst step is to sign up for any college-related course for the eighth form of your current secondary school. Take out all the material that you need to do this so that you will have no problem to find any questions or solutions that you need. The material will come with one specific section and each section has a designated level of difficulty for the student to pass.You can also take out a practice exam to get an idea how the final examination is going to be like. This can be conducted by an administrator or by the teacher and the differences are that the students are allowed to revise the material. The sixth term examination papers usually only require you to answer a few questions and you can get it done in fifteen minutes or less.Sixth Term Exam Papers typically gives you the choice of applying or not applying to a college or university after the test. The choice of applying depends on the grade of the examinati on, which means that your pass will depend on the level of your marks. You can get several universities and colleges to confirm whether you are good enough to go to college and what your degree might be after taking the exam.Sixth Term Test Papers covers the mathematics, science and English courses. The school will tell you the question format in the paper that you are going to take, which means that you will only have to read the entire paper to know what is required to do your examination. A single section might take a few hours and you may get to the test early if you are very keen on doing the examinations, but in any case you will get a long time between taking the paper and the actual examination.The final examination consists of many questions. The main objective of the examination is to make sure that you get at least a C grade in the examination, which can mean a gap of a few years before you can be able to go to college. Normally, a C grade does not make you qualified for college, but it does make you eligible for some college majors and universities.College will ask you to do multiple choice questions or go through questionnaires. after you take the examination. Most schools will also require you to answer a few theory and mathematics questions after you have taken the first examination. round of sixth term examination papers.

Tips To Help You Get A Proper Essay Outline

Tips To Help You Get A Proper Essay OutlineYou will need to make a list of things that you have to remember during your college essay writing. You should consider your assignments that you need to take care of as well.You must make sure that you are writing the essay on time so that you do not get penalized. This is due to the fact that you will have to spend too much time making sure that everything is perfect on time. As such, you will need to use the following tips to help you get a proper outline.You must make sure that you will be using the correct grammar when writing your essay. You will want to make sure that your essay is grammatically correct so that you can write on a professional level.Figure out how many points you are going to be covering in your essay. You will want to make sure that you have enough points so that you can see how good or bad you are as a writer. Your essay should always end with the question, 'How did I do?'You will want to make sure that you use the p roper essay outline to help you with your college essay writing. In doing so, you will want to make sure that you will have enough space to go into your various information. You will want to make sure that there are things that you include in the essay, like 'other relevant details', 'author's name', and 'in conclusion'.You will find that many high school students are not able to finish their college essays on time. They are unable to find the right guidelines on how to write a college essay on time. In order to help them out, you will want to try out the following tips.Try to get a list of things that you will be needing to remember during your writing. The basic outline should be able to be used as a guide to help you get the essay finished on time. This way, you will be able to start making plans to start college courses, as well as keep track of the things that you need to remember.

The difference between products on a number Essay Example

The difference between products on a number Essay Im going to investigate the difference between products on a number grid first Im going to draw a box round four numbers then I will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers in the box. Ill will then calculate the difference between these products. Not only I am going to investigate squares, but also rectangles, Ill use algebra to try and find a formula or a general rule that will give me this difference for any size shape. Im going to draw a box round four numbers then I will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers. 12 13 We will write a custom essay sample on The difference between products on a number specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The difference between products on a number specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The difference between products on a number specifically for you FOR ONLY $16.38 $13.9/page Hire Writer 22 23 The difference between 286 and 276 is 10 because 286 276 = 10 13 x 22 = 286 12 x 23 = 276 49 50 59 60 The difference between 2950 and 2940 is 10 because 2950 2940 = 10 50 x 59 = 2950 49 x 60 = 2940 5 6 15 16 The difference between 90 and 80 is 10 because 90 80 = 10 6 x 15 = 90 5 x 16 = 80 I predicted that the difference for all 22 spares will be 10, Ill do another 2 by 2 grid to confirm that my prediction is correct. 82 83 92 93 The difference between 7636 and 7626 is 10 because 7636 7626 = 10 83 x 92 = 7636 82 x 93 = 7626 This shows that my prediction is correct, that all 2 by 2 will equal to 10. 3 by 3 Im going to draw a box round nine numbers then I will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers. 1 2 3 11 12 13 21 22 23 The difference between 63 and 23 is 40 because 63 23 = 40. 3 x 21 = 63 1 x 23 = 23 6 7 8 16 17 18 26 27 28 The difference between 208 and 168 is 40 because 208 168 = 40. 8 x 26 = 208 6 x 28 = 168 25 26 27 35 36 37 45 46 47 The difference between 1215 and 1175 is 40 because 1215 1175 = 40 27 x 45 = 1215 25 x 47 = 1175 I predicted that the difference for all 3 by 3 spares will be 40, Ill do another 3 by 3 grid to confirm that my prediction is correct. 16 17 18 26 27 28 36 37 38 The difference between 648 and 608 is 40 because 648 608 = 40 18 x 36 = 648 16 x 38 = 608 This shows that my prediction is correct, that all 3 by 3 will equal to 30. 4 by 4 Im going to draw a box round sixteen numbers then i will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers. 14 15 16 17 24 25 26 27 34 35 36 37 44 45 46 47 The difference between 748 and 658 is 90 because 748 659 = 90. 17 x 44 = 748 14 x 47 = 658 24 25 26 27 34 35 36 37 44 45 46 47 54 55 56 57 The difference between 1458 and 1368 is 90 because 1458 1368 = 90. 27 x 54 = 1458 24 x 57 = 1368 55 56 57 58 65 66 67 68 75 76 77 78 85 86 87 88 The difference between 4930 and 4840 is 90 because 4930 4840 = 90. 58 x 85 = 4930 55 x 88 = 4840 I predicted that the difference for all 4 by 4 spares will be 90, Ill do another 4 by 4 grid to confirm that my prediction is correct. 51 52 53 54 61 62 63 64 71 72 73 74 81 82 83 84 The difference between 4930 and 4940 is 90 because 4930 4940 = 90. 54 x 81 = 4374 51 x 84 = 4284 This shows that my prediction is correct, that all 4 by 4 will equal to 90. 5 by 5 Im going to draw a box round twenty five numbers then I will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers. 1 2 3 4 5 11 12 13 14 15 21 22 23 24 25 31 32 33 34 35 41 42 43 44 45 The difference between 205 and 45 is 160 because 205 45 = 160. 5 x 41 = 205 1 x 45 = 45 55 56 57 58 59 65 66 67 68 69 75 76 77 78 79 85 86 87 88 89 95 96 97 98 99 The difference between 5605 and 5445 is 160 because 5605 5445 = 160. 59 x 95 = 5605 55 x 99 = 5445 42 43 44 45 46 52 53 54 55 56 62 63 64 65 66 72 73 74 75 76 82 83 84 85 86 The difference between 3772 and 3612 is 160 because 3772 3612 = 160. 46 x 82 = 3772 42 x 86 = 3612 I predicted that the difference for all 5 by 5 spares will be 160, Ill do another 5 by 5 grid to confirm that my prediction is correct. 35 36 37 38 39 45 46 47 48 49 55 56 57 58 59 65 66 67 68 59 75 76 77 78 79 The difference between 2925 and 2765 is 160 because 2925 2765 = 160. 39 x 75 = 2925 35 x 79 = 2765 This shows that my prediction is correct, that all 5 by 5 will equal to 160. 6 by 6 Im going to draw a box round twenty five numbers then I will find the product of top left, bottom right numbers, and then Im going to do the same with the top right, bottom right numbers. 21 22 23 24 25 26 31 32 33 34 35 36 41 42 43 44 45 46 51 52 53 54 55 56 61 62 63 64 65 66 71 72 73 74 75 76 The difference between 1846 and 1596 is 250 because 1846 1596 = 250. 26 x 71 = 1846 21 x 76 = 1596 1 2 3 4 5 6 11 12 13 14 15 16 21 22 23 24 25 26 31 32 33 34 35 36 41 42 43 44 45 46 51 52 53 54 55 56 The difference between 306 and 56 is 250 because 306 56 = 250. 6 x 51 = 306 1 x 56 = 56 33 34 35 36 37 38 43 44 45 46 47 48 53 54 55 56 57 58 63 64 65 66 67 68 73 74 75 76 77 78 83 84 85 86 87 88 The difference between 3154 and 2904 is 250 because 3154 2904 = 250. 38 x 83 = 3154 33 x 88 = 2904 I predicted that the difference for all 6 by 6 spares will be 250, Ill do another 6 by 6 grid to confirm that my prediction is correct. 14 15 16 17 18 19 24 25 26 27 28 29 34 35 36 37 38 39 44 45 46 47 48 49 54 55 56 57 58 59 64 65 66 67 68 69 The difference between 1216 and 966 is 250 because 1216 966 = 250. 19 x 64 = 1216 14 x 69 = 966

The Analysis of Wal

The Analysis of Wal Wal-Mart is one of the largest multinational retailing corporations operating in North America and globally. The company was founded by Sam Walton in 1962. Today, the company’s headquarters are located in Bentonville, Arkansas. The corporation developed from a small chain of stores in Arkansas, and now Wal-Mart operates more than 7,000 stores which are located round the world (Ingram, Yue, and Rao 55; â€Å"Walmart†).Advertising We will write a custom case study sample on The Analysis of Wal-Mart’s Retailing Strategy specifically for you for only $16.05 $11/page Learn More Wal-Mart’s operations are organized in a specific way to cover the needs of such divisions as the US stores, Wal-Mart Sam’s Club, and international stores located globally (â€Å"Walmart†). Wal-Mart stores propose a variety of food products, drugs, and general goods. To analyze the corporation’s retailing strategy and to state the perspectiv es for the corporation’s future development, it is necessary to focus on examining the Wal-Mart strategy’s strengths, weaknesses, threats, and opportunities. The Analysis of the Industry and Wal-Mart’s Strategy The retailing industry in the United States is highly competitive, and Wal-Mart has to compete with such rivals as Kmart, Target, Meijer, and Safeway directly. The most challenging competition is observed in the sphere of general retailing where supermarkets compete in proposing a range of goods, stating low prices, and developing discounting strategies for customers. However, Wal-Mart also competes with Costco in the sphere of warehouse club activities (Pradhan 567). To compete within the industry effectively, Wal-Mart developed a successful retailing strategy which should be discussed with references to the concepts of target market and retail positioning (Levy and Weitz 110). Wal-Mart’s target customers are diverse in their needs and interests t hat is why the company orients to satisfy the demands of the different population’s categories, including women, elder persons, and children. Wal-Mart’s retail positioning depends on the ways of how the company can be differentiated from the other retailers within the industry. Wal-Mart chooses to attract different customers while proposing them a variety of products and innovative approaches to researching and analyzing their preferences (â€Å"Walmart†). To provide customers with the products which are interesting for them while following the low-cost strategy, Wal-Mart also develops the strong relations with suppliers, and these relations are beneficial for both the retailer and customers. This approach should be discussed with references to the company’s retailing mix which includes the focus on product, price, place, and promotion. Wal-Mart establishes strong relations with suppliers to provide customers with a variety of products satisfying their de mands and meeting their local preferences.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The great assortment in Wal-Mart stores provides customers with the opportunity to make the right choice. Moreover, Wal-Mart pricing policies are based on the principle of low-cost retailing, and stores propose different discounts daily and weekly to cover all the groups of customers. It is important to note that Wal-Mart stores are located not only in the US metropolitans but also in small towns in the country’s states. In addition, the retailer focuses on addressing the customers’ needs that is why Wal-Mart stores located globally are developed to respond to the local expectations (Ingram, Yue, and Rao 60; â€Å"Walmart†). The company’s promotion strategy is based on declaring the principle of proposing better products for lower costs, and it is modified re garding the needs of the local public globally. Wal-Mart Strategy’s Strengths and Weaknesses Wal-Mart remains to be one of the most successful multinational corporations in the sphere of retailing because of a range of strengths associated with the company’s strategy. The first strength is the effective pricing policy. The company is the price leader within the industry because of proposing lower prices basing on the cost-effective relations with suppliers. The next strength is the focus on the wide assortment proposed to customers. Selling a range of products which customers need, Wal-Mart stores address all the customers’ daily demands. Furthermore, concentrating on using technologies to collect the data about the customers’ needs, Wal-Mart develops the most effective distribution and delivery systems (Pradhan 567). In addition, Wal-Mart opens stores in many cities in the USA and in many foreign countries, and the company operates as one of the largest retailers in the world while developing the brand image and customers’ loyalty (â€Å"Walmart†). Wal-Mart responds to the modern trends and uses social media and mobile technologies to meet the customers’ interests and to develop the work with customers’ orders. However, there are also weaknesses in the retailer’s strategy which are the focus on traditions rather than on changes; the lack of the effective differentiation strategy to compete within the industry; and the focus on monopolistic strategy to develop the business within the industry. Having become the largest and most recognizable retailer within the industry, Wal-Mart concentrates on supporting the image rather than on expanding the areas for meeting the customers’ interests (Pradhan 568). Opportunities for Wal-Mart’s Further Progress The opportunities for Wal-Mart’s further successful competition within the market depend on the effective use of the strengths related to the corporation’s strategy. Operating internationally, Wal-Mart can focus on the further expansion of the corporation’s presence in the global market. Moreover, focusing on the use of technologies and innovation, the company can also pay more attention to the opportunities of online retailing.Advertising We will write a custom case study sample on The Analysis of Wal-Mart’s Retailing Strategy specifically for you for only $16.05 $11/page Learn More Today, the company uses different mobile apps and develops strategies to operate in the sphere widely (â€Å"Walmart†). Thus, the focus on online retailing and using digital strategies is a good opportunity for a company to attract more customers. In spite of the fact that Wal-Mart as the retailer is attractive for customers during the decades, more attention should be paid to improvement the retailer’s brand image because it is necessary to focus on new approaches to formul ating the company’s mission and vision to reflect the customers’ values. The Threats Challenging for Wal-Mart Although Wal-Mart employs more than two millions of people globally and its revenues are more than $450 billion, there are several threats which the company can face within the industry because of the increasing competition among the rivals (Pradhan 569). Wal-Mart management strategies and policies do not attract employees, and these strategies are often discussed as discriminating in terms of payments and conditions. Negative feedbacks related to the company’s policies regarding Wal-Mart employees also influence the customers’ attitude to the retailer, and they can be discussed as challenging for the brand image and customers’ loyalty. As a result, more attention should be paid to improving the company’s corporate strategies to affect the corporation’s development and public’s visions positively (â€Å"Walmart†) . The other threats are associated with retailer’s international operations. In spite of the fact that Wal-Mart proposes a wide range of products for customers globally, local competitors can also become a threat to the retailer’s activities because of their focus on responding to the market latest tendencies. More attention should be paid to the strategies followed by Wal-Mart stores globally. Wal-Mart’s Performance, Position within the Market, and Prospects for the Future The effectiveness of the retailer’s performance depends on many factors which include the retailing strategy and the positive image as the employer (Levy and Weitz 24). If Wal-Mart’s retailing strategy focused on the customers’ needs and brand image is rather effective to increase the retailer’s competitive advantage, the company’s image as the employer is not effective to contribute to the customer’s loyalty because of the ineffective management stra tegies and policies. Nevertheless, Wal-Mart aims to follow the strategy of the sustainable development to respond to the communities’ needs globally (â€Å"Walmart†). High levels of sales support the idea that Wal-Mart’s performance is based on the effective fundaments, and the chosen retailing strategy to meet the local customers’ needs globally contributes to the retailer’s strong position within the market.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More That is why, the prospects for the future of Wal-Mart stores can be discussed as rather positive because of the customers’ recognition of the brand and Wal-Mart’s effective operation of the retailing mix. To provide strong financial returns in the future, it is necessary for the company to focus more on expanding the international segment and on improving the relations with suppliers in the United States and round the world. These actions are necessary to expand operations and to increase revenues because it is the way to increase advantage in the situation of the new rivals’ entry. Being one of the largest multinational retailing corporations in the world, Wal-Mart focuses on responding to the interests of all the customers in the United States and globally. The company’s strategy is rather effective to contribute to the future development of the retailer because Wal-Mart develops its leadership cost strategy, expands the assortment of products, and focu ses on opening more stores meeting the demands of the local customers. Ingram, Paul, Lori Qingyuan Yue, and Hayagreeva Rao. â€Å"Trouble in Store: Probes, Protests, and Store Openings by Wal-Mart, 1998–2007†. American Journal of Sociology 116.1 (2010): 53–92. Print. Levy, Michael, and Barton Weitz. Retailing Management. USA: McGraw-Hill Education, 2011. Print. Pradhan, Swapna. Retailing Management: Text and Cases. USA: Tata McGraw-Hill Education, 2009. Print. Walmart. 2014. Web. https://www.walmart.com/.