THE EFFECT OF FINANCIAL POLICY ON PROFITABILITY AND GROWTH IN MANUFACTURING INDUSTRY (A CASE STUDY OF SONA BREWERIES COMPANY PLC) - UNIPROJECTS

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THE EFFECT OF FINANCIAL POLICY ON PROFITABILITY AND GROWTH IN MANUFACTURING INDUSTRY (A CASE STUDY OF SONA BREWERIES COMPANY PLC)



THE EFFECT OF FINANCIAL POLICY ON PROFITABILITY AND GROWTH IN MANUFACTURING INDUSTRY  (A CASE STUDY OF SONA BREWERIES COMPANY PLC)
ABSTRACT
          The research work is set out to investigate how financial policy contributes to the profitability and growth in manufacturing concerns.
          The parameters for this are acquisition of company’s assets to generate the needed turn – over plugging back of profit for expansion, dividend payment to the success of a company and having good financial policy one sources of the capital to bring about overall profit for the company’s growth. The above mentioned are using Z statistic for the null and alternative hypotheses.
          This can be attested by the fact that good decision on asset acquisition plugging backing of profit dividend pay out and cheap sources of capital will enhance profitability of a company which incidentally brings about its growth.






TABLE OF CONTENTS
                                                                                                              
Title Pages                                                                                i
Certification                                                                            ii
Dedication                                                                               iii
Acknowledgement                                                                    iv
Abstract                                                                                    vi
Table of Contents                                                                              vii
CHAPTER ONE: INTRODUCTION                                                                                                                                                                                                                   1
1.1            Background of the Study                                                           1
1.2            Statement of the Problems                                               1
1.3            Objectives of the Study                                                     2
1.4            Significance of the Study                                                           3
1.5            Research Questions/Hypothesis                                                3
1.6            Research Methodology                                                     4
1.7            Scope and Limitations of the Study                                 4



CHAPTER TWO: LITERATURE REVIEW           
2.1            Conceptual Explanations                                                          5
2.2            Designing Company  Strategy                                                    6
2.3                      Establishing Policy                                                           7
2.4     Defining Major Policy                                                    9
2.4.1  Marketing Policy – Pricing                                             11
2.4.2  Marketing Mix Policy                                                    14
2.4.3  Research and Development Policy                                 17
2.4.4  Production and Purchasing Policy                                 18
2.4.5  Personnel and Industries Relation Policy                       21
2..4.6 Financial Policy                                                             23
2.5     Allocation Capital Policy                                               24
2.6     Hurdle Rate of Return Policy                                         24
2.7     Capital Budgeting Policy                                               25
2.8     Investment Mix Policy                                                   26
2.9     Leasing Versus Purchase of Fixed Assets                      26
2.10   Financial Policy on Current Asset                                 27


CHAPTER THREEL: RESEARCH METHODOLOGY  
3.1            Research Instruments                                                    31
3.2            Restatement of Research Question                                34
3.3            Research Hypothesis                                                     34
3.4            Description of the Population and Sample of the Study         35
3.5            Sources of Data Collection                                            37
3.6     Method of Data Analysis and Description of Tools Analysis 38     
 CHAPTER FOUR: DATA ANALYSIS, INTERPRETATION AND DISCUSSION OF FINDINGS  
4.1            Analysis of Data                                                            40
4.2            Analysis of the Test Instrument                                     41
4.3            Hypothesis Testing                                                        44
4.4            Preliminary Findings                                                     49
4.5            Hypothesis Testing for Ingredient of Effect of
          Financial Policy                                                             52
4.6     Discussion of Findings                                                  58
         


CHPATER FIVE: SUMMARY, CONCLUSION, AND RECOMMENDATIONS        
5.1            Summary                                                                       60
5.2            Conclusion                                                                     61
5.3            Recommendations                                                                   62
Bibliography                                                                  63
Appendix (Questionnaire)                                             65