Papers by Gabriel Emmanuel
PRELIMINARY PAGE AND ABSTRACT, 2024
ABSTRACT
This work studied the relationship between Cost Reduction Methods and Profitability of 5... more ABSTRACT
This work studied the relationship between Cost Reduction Methods and Profitability of 5 listed Manufacturing Firms in Nigeria from 2018 to 2022. Cost reduction Methods was measured by Inventory Control, Cost-Benefit Analysis, Labour and Overhead Control while the researcher measured profitability by Return on Assets and Return on Investment. Six (6) specific objectives, six (6) research questions and six (6) Research hypothesis were examined in this study to determine the relationship between the predictor variable and criterion variables. The Pearson’s correlation coefficient was used to examine the relationship between the study variables while the Regression analysis was used to test the Hypothesis of the study. From the analysis the following findings were made there exist a significant and positive relationship between Cost-Benefit Analysis and Return on Assets of the selected manufacturing Firms in Nigeria, significant and positive relationship between labour/ overhead control and return on Investment of the selected manufacturing Firms in Nigeria. It was therefore recommended as follows; Firms should begin by developing a plan of action for improving the profitability of their underperforming assets, i.e. those customers and products that fall below the line, there should be an effort towards entrenching the current cost reduction methods system into all aspect of the company’s activity and educate the drivers of the system on the application of the methods. It was finally recommended that more manufacturing Firms should consider including cost reduction methods in their optimal plans to foster effective analysis of their costs incurred during its activities.
Books by Gabriel Emmanuel
FINAL YEAR PROJECT, 2024
ABSTRACT
This work studied the relationship between Cost Reduction Methods and Profitability of 5... more ABSTRACT
This work studied the relationship between Cost Reduction Methods and Profitability of 5 listed Manufacturing Firms in Nigeria from 2018 to 2022. Cost reduction Methods was measured by Inventory Control, Cost-Benefit Analysis, Labour and Overhead Control while the researcher measured profitability by Return on Assets and Return on Investment. Six (6) specific objectives, six (6) research questions and six (6) Research hypothesis were examined in this study to determine the relationship between the predictor variable and criterion variables. The Pearson’s correlation coefficient was used to examine the relationship between the study variables while the Regression analysis was used to test the Hypothesis of the study. From the analysis the following findings were made there exist a significant and positive relationship between Cost-Benefit Analysis and Return on Assets of the selected manufacturing Firms in Nigeria, significant and positive relationship between labour/ overhead control and return on Investment of the selected manufacturing Firms in Nigeria. It was therefore recommended as follows; Firms should begin by developing a plan of action for improving the profitability of their underperforming assets, i.e. those customers and products that fall below the line, there should be an effort towards entrenching the current cost reduction methods system into all aspect of the company’s activity and educate the drivers of the system on the application of the methods. It was finally recommended that more manufacturing Firms should consider including cost reduction methods in their optimal plans to foster effective analysis of their costs incurred during its activities.
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Papers by Gabriel Emmanuel
This work studied the relationship between Cost Reduction Methods and Profitability of 5 listed Manufacturing Firms in Nigeria from 2018 to 2022. Cost reduction Methods was measured by Inventory Control, Cost-Benefit Analysis, Labour and Overhead Control while the researcher measured profitability by Return on Assets and Return on Investment. Six (6) specific objectives, six (6) research questions and six (6) Research hypothesis were examined in this study to determine the relationship between the predictor variable and criterion variables. The Pearson’s correlation coefficient was used to examine the relationship between the study variables while the Regression analysis was used to test the Hypothesis of the study. From the analysis the following findings were made there exist a significant and positive relationship between Cost-Benefit Analysis and Return on Assets of the selected manufacturing Firms in Nigeria, significant and positive relationship between labour/ overhead control and return on Investment of the selected manufacturing Firms in Nigeria. It was therefore recommended as follows; Firms should begin by developing a plan of action for improving the profitability of their underperforming assets, i.e. those customers and products that fall below the line, there should be an effort towards entrenching the current cost reduction methods system into all aspect of the company’s activity and educate the drivers of the system on the application of the methods. It was finally recommended that more manufacturing Firms should consider including cost reduction methods in their optimal plans to foster effective analysis of their costs incurred during its activities.
Books by Gabriel Emmanuel
This work studied the relationship between Cost Reduction Methods and Profitability of 5 listed Manufacturing Firms in Nigeria from 2018 to 2022. Cost reduction Methods was measured by Inventory Control, Cost-Benefit Analysis, Labour and Overhead Control while the researcher measured profitability by Return on Assets and Return on Investment. Six (6) specific objectives, six (6) research questions and six (6) Research hypothesis were examined in this study to determine the relationship between the predictor variable and criterion variables. The Pearson’s correlation coefficient was used to examine the relationship between the study variables while the Regression analysis was used to test the Hypothesis of the study. From the analysis the following findings were made there exist a significant and positive relationship between Cost-Benefit Analysis and Return on Assets of the selected manufacturing Firms in Nigeria, significant and positive relationship between labour/ overhead control and return on Investment of the selected manufacturing Firms in Nigeria. It was therefore recommended as follows; Firms should begin by developing a plan of action for improving the profitability of their underperforming assets, i.e. those customers and products that fall below the line, there should be an effort towards entrenching the current cost reduction methods system into all aspect of the company’s activity and educate the drivers of the system on the application of the methods. It was finally recommended that more manufacturing Firms should consider including cost reduction methods in their optimal plans to foster effective analysis of their costs incurred during its activities.