Financing the Enterprise Nike Essay - 1340 Words

Introduction: Financing and accounting is a major part of any business without proper financing it will kill your business having good accounting, is crucial to all businesses. Nike has financed their ideas from the beginning with almost nothing. Oregon natives Phil Knight and Bill Bowerman took an idea and five hundred dollars and an idea became the biggest shoemaker ever. They have athletic footwear, apparel, and accessories for a variety of sports and fitness activities. Nikes subsidiaries are Converse, which designs, markets, distributes athletic lifestyle footwear, apparel and accessories also Hurley International LLC, which designs, markets, and distribute surf and youth lifestyle footwear, and apparel. The accounting used then were†¦show more content†¦Nike expects to generate over $12 billion of cumulative free cash flow from operations through 2015. (Cendrowsk Scott 2012) Financing Operations and Assets: Nike believes in keeping cost effectives product and sustainability human resources is major factor in financing operation Nike sales on the open market and their first quarter earnings are in the billion. Revenues from continuing operations are up 8 percent to $7.0 billion Diluted earnings per share from continuing operations up 37 percent to $0.86Worldwide futures orders up 8 percent, 10 percent growth excluding currency changes Inventories as of August 31, 2013 up 6 percent.(Nike Corp 2013) The three main product lines of Nikes brand - footwear, apparel, and equipment - are made by approximately 600 contract factories that employ more than 800,000 workers in 46 countries around the world. This saves millions on high manufacturing price, and provides job globally According to article in fortune magazine states that, NIKE brand is the most powerful asset in the NIKE, Inc. portfolio, accounting for an 85 percent of revenue. NIKE, other brands continue to increase their contribution to the Companys overall growth strategy. With acquisition of Umbro, NIKE has extended its position as the biggest football Company in the world, ParkerShow MoreRelatedHistory Of Nike Inc. ( Nke )1709 Words   |  7 PagesHistorical Background Nike Inc. (NKE) is a $32.3 billion multi-national enterprise headquartered in Beaverton, OR. Nike was originally founded as Blue Ribbon Sports in 1962, and in 1967, the company rebranded as Nike. Positioned as the worldwide leading brand in the sports apparel industry, Nike’s primary business activity is â€Å"the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services† (Nike Inc., 2016). Products and ServicesRead MoreAdidas 2008 Study Case1488 Words   |  6 Pagesstars. After the death of Adi Dassler in 1978, his Horst son remained to the front of Adidas. Horst was only president until 1987, when it died to the 51 years. 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