IMPACT OF AGRICULTURAL EXPENDITURE ON AGRICULTURAL OUTPUT AND ECONOMIC GROWTH IN NIGERIA

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

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