0704-883-0675     |      dataprojectng@gmail.com

THE IMPACT OF COST-VOLUME-PROFIT ANALYSIS FOR DECISION-MAKING IN NIGERIA'S TEXTILE INDUSTRY

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

Abstract: THE IMPACT OF COST-VOLUME-PROFIT ANALYSIS FOR DECISION-MAKING IN NIGERIA'S TEXTILE INDUSTRY

This research explores the impact of cost-volume-profit (CVP) analysis on decision-making in Nigeria's textile industry, focusing on Lagos. The objectives are to assess how CVP analysis influences strategic decisions, evaluate its impact on financial performance, and identify the challenges faced. A survey design was employed, with data collected from 250 financial managers and accountants in textile companies, derived using Taro Yamane's formula. A case study of a leading textile firm in Lagos provided comprehensive insights. The reliability coefficient score was 0.88. Findings reveal that CVP analysis significantly enhances decision-making by providing detailed insights into cost structures, pricing strategies, and profit margins. However, challenges such as data collection difficulties and compliance issues were identified. Recommendations include providing more training on CVP analysis, simplifying data collection processes, and ensuring regular reviews of strategic decisions based on CVP analysis.





Related Project Materials

FINANCIAL MANAGEMENT AND ITS IMPACT ON THE DEVELOPMENT OF LOCAL GOVERNMENT COUNCIL

EXCERPT FROM THE STUDY

Financial management is concerned with the planning organizing, procurement and utilization of go...

Read more
THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA (A STUDY OF CENTRAL BANK OF NIGERIA ENUGU STATE)

ABSTRACT

This research examines the role of accounting in the control of public expenditures in Nigeria, a case study of control bank of...

Read more
INVESTIGATING THE ROLE OF EARLY CHILDHOOD EDUCATION IN SUPPORTING CHILDREN WITH AUTISM SPECTRUM DISORDERS

 ABSTRACT: Investigating the role of early childhood education in sup...

Read more
AN EXAMINATION OF THE ROLE OF THE JUDICIARY IN LAW MAKING IN NIGERIA

Background to the Study   

The general purpose of law is to regulate human behavior by protecting lives and pr...

Read more
EVALUATION OF GOVERNMENT AGENCIES' ROLE IN PUBLIC-PRIVATE PARTNERSHIP IN HOUSING DELIVERY IN NIGERIA

BACKGROUND OF THE STUDY

Housing has been widely regarded as one of the most basic requirements of human life and is a si...

Read more
ANALYSIS OF 60:40 RATIO ADMISSION POLICY IMPLEMENTATION FOR SCIENCE AND ARTS RELATED COURSES IN KWARA STATE TERTIARY INSTITUTIONS

ABSTRACT

This study analysed 60:40 ratio admission policy implementation for science and arts related courses in Kwara state tertiary ins...

Read more
EFFECTS OF BROKEN HOMES ON ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS

Abstract

The study investigates the effects of broken homes on academic performance of secondary school student. The stu...

Read more
THE EFFECT OF FRAUD AND FINANCIAL CRIMES ON THE ECONOMY OF NIGERIA (2007-2015)

ABSTRACT

This study is aimed at determining the impact of fraud and related financial crimes on the growth and developme...

Read more
FIDUCIARY ACCOUNTING FOR INTERNATIONAL CLIENTS AND CROSS-BORDER TRANSACTIONS

 FIDUCIARY ACCOUNTING FOR INTERNATIONAL CLIENTS AND CROSS-BORDER TRANSACTIONS

Abstract: Managing fiduciary accounting for internatio...

Read more
AN APPRAISAL OF SOCIAL RESPONSIBILITY ON CORPORATE ORGANIZATION IN ENUGU.

ABSTRACT

The research work took a look at an appraisal of social responsibility practice by Anambra Motor Manufacturing Company (ANAMMCO)...

Read more
Share this page with your friends




whatsapp