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Financial & Quantita
Financial and Quantitative Analysis
| Question | Answer |
|---|---|
| SGA | Selling General & Administrative Also Operating or Overhead Expenses OTHER THAN the cost of the product |
| GMROI | Gross Margin Return on Investment |
| 3 Important Things for a Retailer | 1. Sales & Cost of Goods sold 2. Gross Profit (Sales - COGS) 3. Inventory Turns |
| Different FINANCIAL approaches to retailing | The Gross Profit% : Walmart has a LOW Gross Profit (23.1%)vs. Nordstorm has a High(36.7%) |
| Gross Profit | The profit remaining after goods are paid for |
| Net Income | Whats left from sales and Other Income after ALL costs and expenses |
| EDLP requires | EDLC: Everyday Low Cost |
| Retailers with HIGHER expenses need | a higher Gross Profit % or Net Income % to support the higher expenses |
| P & L | Profit and Loss |
| Numbers have meaning ON THE BASIS OF | Absolute, Relative, Trend |
| Absolute | Numbers having meaning all on its own Ex. Store operating in the negative |
| Relative | Can only understand in relationship to something else. EX. % increase - measure against a benchmark |
| Trend | Over Time - Historical perspective. Is this representative? Where are we coming from? Is it a blip, is it typical, is it a turn in the wrong directions... |
| RACI Model | Who is: RESPONSIBLE - Owner of Project, Sponsor Who is: ACCOUNTABLE- person who does the work Who is: CONSULT (ed)- person who is a resource Who is: INFORM (ed)- people you need to keep in the loop |
| Stakeholders | Those who have an "INTEREST" or a STAKE in the project. Ask where do the stakeholder fall in the RACI model |
| Multi-Voting Example | Post it notes EXAMPLE |
| Standard Deviation | In a bell shaped curve, how far from either side of the average value in the middle do you have to go before you incorporate __% of Population 68% 1D=+/-34% 95%= 2D= +/-47.5% 99.7%= 3D= +/-49.8% |
| Mean | AVERAGE |
| Median | MIDDLE Value |
| Mode | Value that happens MOST often |
| Normal Distribution/Bell Curve | described by 2 terms: Mean & Standard Deviation (SD) The MEAN is the Center of the Curve (AVERAGE) |
| SIGMA | Mathematical symbol for Standard Deviation |
| Statistical Correlation | Mathematically what is the difference between the x variable and Y variable Regression Line -1.0 to +1.0 (r2) Scatter Chart X Y Axis |
Created by:
thopwood
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