Accounting Project NOTE : DON NOT COPY AND PASTE FROM THE INTERNET THE WORDS SHO
ID: 2482736 • Letter: A
Question
Accounting Project
NOTE : DON NOT COPY AND PASTE FROM THE INTERNET THE WORDS SHOULD BE WRITTEN BY YOUR OWN MINIMUM 400 WORDS.
Overview
This project will require you to perform a research on a merchandising business of your choice. In your research, you will obtain information about the company such as what products do they sell, how they obtain their products and other financial related questions.
Research Required
•Research a merchandising business of your choice, local or international. Choosing a business that is well-known is advised as you will be able to find more information on the internet.
•Include the following company information:
•where is the merchandising business located?
•who founded the business?
•how many locations do they have?
•how many employees do they have?
•what type of merchandise do they offer their customers?
•where do they obtain their merchandise from?
•who are their main competitors?
•Also include the following financial information: (most recent year available on the internet)
•the revenue reported in the most recent year
•the total expenses reported in that same year
•the total profit reported in that same year
Required
Write a report that includes your findings of the company and financial information from your research. Your report should be a minimum of 400 words, not including the title page and references.
Explanation / Answer
Head Quarters: Adidas AG was started in 1920 and located at Herzogenaurach in Germany.
Locations: It has its operations worldwide. It operates its businesses through 13 segments such as Western Europe, North America, Greater China, Latin America, Japan etc. The company markets its products through its 2,772 stores, out of which 1,484 under the name of Adidas; 366 stores under the name of Reebok and 872 factory outlets
Total Number of Employees: 46,506
Merchandise type: It designs, develops, produces and markets athletic and sports lifestyle products worldwide. The company markets its products through the channels of whole, retail, e-commerce and other distributors to its ultimate customers. It also offers footwear, apparel and hardware: such as bags and balls under the Adidas and Reebok brands. It also offers golf footwear, apparel and accessories. Adidas designs, produces and distributes ice hockey equipment, such as sticks, skates, and protection gear and apparel primarily under Reebok Hockey and CCM brands.
Source of their merchandise: Adidas AG itself manufactures and sells through its retail outlets.
Financials of Adidas for the year ending 31st December 2015:
Total Revenue: $16,915,000
Total Expenses: $16,281,000
Net Income: $634,000