...On September 12, 1979, Hampton Machine Tool Company (HMTC) requested from St. Louis National Bank a renewal to their loan of $1,000,000 due to be repaid on September 30, 1979 and also to be given an additional loan of $350,000 for new equipment purchases in October 1979. Both loans were to be repaid on December 31, 1979. Hampton M.T. Company wrote a letter to the St. Louis National Bank stating the reasons for the extension of the loan and the need of the additional loan, and giving the current and the predicted future financial position of the company. In order to decide whether to approve the loan extension and the additional new loan, it is most wise to examine the financial position of the company for the following months to come and calculate the forecasted Income Statement and Cash Flow Analysis to find out if the company will have the required cash flows to repay their loan and interest on time. It is important, however, to first examine why HMTC was unable to repay its initial loan. Hampton Machine Tool Company was unable to repay its loan on time due to several factors. One of such factors is the fact that the stock repurchase, for which the loan was initially requested, was a major cash disbursement of $3 million. In the period between November 1978 and August 1979, stock repurchase represented 58% of total expenditures for that period, while inventory purchases represented 42% of total expenditures. They also had a difficult...
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...TERMS AND CONDITIONS Acceptance of Quotations Bidders must quote on our form. Failure to do so could invalidate your quotation. Quotations shall remain open for acceptance by the Purchaser until the date set forth on the signature page of the Quotation. The lowest or any other Quotation shall not necessarily be accepted and the Purchaser may reject any or all quotations. Quotation Requirements Quotations shall be signed and shall contain all information and data requested in this Request for Quotation. Quotations which are incomplete, conditional or obscure, or which contain additions not called for, erasures, alterations or irregularities of any kind may, at the Purchaser's sole discretion, be rejected. If the Bidder is uncertain as to the proper manner of completing the Quotation, the Purchaser will, upon request, answer any enquiries relating thereto. Quotations shall be irrevocable by the Bidder until the date set forth on the signature page of the quotation. Notwithstanding any industry or trade custom to the contrary, the Purchaser does not represent that it will accept any quotation, accept the lowest quotation, or be precluded from accepting any quotation or other offer. If a quotation is accepted, the Purchaser shall notify the successful Bidder in writing. The Bidder cannot rely upon oral acceptance. Goods and Services Tax Quoted prices shall be stated in Canadian OR U.S. currency and shall include all customs duties, surcharges, insurance premiums...
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...HAMPTON MACHINE TOOL COMPANY On September 14, 2007, Jerry Eckwood, vice president of the Wellington National Bank was considering a loan request from a customer also located in Wellington, New Zealand. The company, Hampton Machine Tool Company, had requested renewal of an existing $1 million loan originally to be repaid September 30, 2007. In addition to the renewal of the existing loan, Hampton was asking for an additional load of $350,000 for planned equipment purchases in October. Under the terms of the company’s request, both loans, totaling $1.35 million would be repayable at the end of 2007. Since its establishment in 1915, Hampton Machine Tool Company has successfully weathered the server cyclical fluctuations that characterize the machine tool manufacturing business. In the most recent cycle Hampton had experience record production and profitability during the past decade – primarily due to export sales to Australia. While the economy in Australia continues to boom, the increasing value of the New Zealand dollar was significantly eroding the firm’s ability to export. Hampton’s conservative financial policies had contributed to its survival and success in the volatile capital goods industry. The company had traditionally maintained a strong working capital position as a buffer against economic uncertainty. As a result, the company had no debt on its balance sheet during the 10 years prior to December of 2006. In a meeting in early December 2006, Benjamin...
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...PP Information to students AY 2011/2012 (Semester 1) Introduction of PP module G902 Professional Profiling (PP) module is a compulsory academic module under Republic Polytechnic's Industry Orientation Programme (IOP) for students. PP requires students to profile and analyze an industry subject. The subject can either be an industry cluster, a company, a case study, or a strategic issue/problem. For this module, students have to write a report and give a presentation that critically analyse, reflect and discuss on the factors and dynamics that drive the profiled subject. Students are expected to demonstrate creativity, diligence and critical thinking in addressing the profiled subject which include the use of an analysis model or framework such as SWOT analysis or Porter’s five forces model, among others A compulsory module comprises of: Project Scope Final Report (formal, 2000-words) Poster Presentation Assessment Topic/Scope The PP subject or topic must be industry related and can be on a: • Company • Business • Technology • Industry sector • Strategic issue/problem • Case study OR • Area of an industrial or applied nature Examples of Acceptable Subject/Topic A competitive analysis of the budget airlines industry A company analysis of Seagate A study on the development of Java Technology and the IT Industry in Singapore An analysis on the development of the semiconductor industry in Singapore –a case study of GLOBALFOUNDRIES An analysis on the...
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...Hampton Machine Tool Background. Hampton Machine Tool Company, a machine tool manufacturer, was founded in 1915. Hampton's customers are military aircraft and automobile manufacturers in the St. Louis area. Machine Tool Company felt the boom in the 1960`s with record setting profits in the mid- to late- 1960`s. The company slowed down in the 1970`s economic recession caused by Vietnam War and the oil embargo. Hampton stabilized by the late 1970`s and now has a “strong working capital position”. The company also didn`t have a debt during 10 years until December 1978. 1. Why can`t a profitable company like Hampton repay its Bank Loan on time and why does it need more bank financing? The excising $1 million loan was due September 30, 1979, but Mr. Cowins requested to renew it until the end of 1979. The main cause why Hampton can`t repay its Bank Loan on time is that the company made a stock repurchase, for which loan was taken. That was major cash expenditure for the company of $3 million ($1million of loan+ $2 million of excess cash) in December 1978; this was a main reason why company had a delay in repaying of the loan. The president of the company, Mr. Cowins wishes to borrow an additional $350,000 “for planned equipment purchases in October”, they didn`t buy or renew an equipment since the economic recession. He also mentioned this loan in total $1,350,000 will be repaid at the end of December 1979. 2. What major developments between November 1978 and August...
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...Sarbesh Rath 1. Consider the different suppliers – which one would you select? What type of agreement would you use? According to market study and proper strategies presented by supplier A the agreements would be - A pricing schedule which is dependent on the building’s load factor - A “Net 30 days” payment term with a 0.3% discount if payment is made within 10 days - Access to a diverse group of energy service companies Also we can negotiate according to our needs. Purchase order specifications: • Contract Purchase order • Payment terms net 30 days and different taxes • Terms and conditions regarding unavailability of power, uncalled power cuts. • Including Indemnification, right to audit, limitation of liability, changes according to market price(or fixed) 2. What are the risks and rewards to consider in this case? How can the team balance these risks and rewards? In this case we have different suppliers but the best suited is Company A. We will consider the rewards and risks of considering single sourcing. Rewards: • Having a single source A means less work to qualify the source and probably less administrative effort in dealing with them. • Since all of their volume is given to source A, the buyer has maximized his leverage based on total volume of energy. The buyer should make sure that this point is emphasized during the negotiations concerning price, etc. • The energy supplier A feels special obligation to help the manufacturer...
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...The “They say, I say” essay If you have been keeping up with the show “30 Rock” as of late then you probably have very similar views as those who have adopted a rather negative opinion of the character Liz Lemon. However Liz lemon has been judged wrongly and should be seen in higher regard. Her character has evolved into what I can only commend for being phenomenally satisfactory, despite the growing dislike for the direction in which her character seems to be headed. I think it would be nice if the fans of the show could see the subtle life lessons that are being conveyed through the show. 30 rock is a comedy series about the workings of a variety show dubbed “The Girlie Show with Tracy Jordan” told through the voice of its producer Liz lemon. “In defense of Liz Lemon” by Emily Nussbaum strives to shed light on an aspect of the show that not many individuals have realized. After a slew of negative response to the Character Liz Lemon the author aimed to clarify why Liz is not only better than when she first started out but also why her audience find her so repulsive now. Nussbaum explains how in the first season of the show, Liz Lemon was very relatable especially to women of the same age group. She was unlike other female characters at the time which was refreshing. This new take on a female lead attracted countless die-hard fans which could be credited for the shows long run. The author however points out the inconsistency in the belief that Liz lemon...
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...KOLEJ BANGI SUBJECT BUSINESS MATHEMATICS (TBM1063) NAME | NO. ID : SECTION 4 AB101 1) MUHAMMAD JAMAL FIKRI BIN MOHD RAZID PTM140716652 2) MOHAMAD FIKRY HAFIDZ BIN JUPRI PTM140716685 3) NUR HAZIQAH BINTI ABD. RAZAK PTM140716677 4) NURUL HASANAH BINTI KAMARUDIN PTM140716657 5) NURRUL ATIKAH BINTI MOHD FATMI SHAH PTM140716696 6) AMIRA BINTI SHIR MOHAMMAD PTM140716658 NAME LECTURER : MADAM NURULHUDA BINTI ABDUL ZABAR DATE : 16 JULY 2014 ACKNOWLEDGEMENT I would like to express my gratitude and appreciation to all those who gave us the possibility to complete this report. A special thanks to our lecturer, Madam Nurulhuda binti Abdul Zabar whose help, stimulating suggestions and encouragement, helped us to coordinate our project especially in writing this report. A special thanks goes to my team mate, who help to assemble the parts and gave suggestion about the trade and cash discount. Thank you my team mate for giving opportunity work together as a team. Last but not least, many thanks go to the head of the project, Jamal Fikri whose have given his full effort in guiding the team in achieving the goal as well as his encouragement to maintain our progress in track. I would to appreciate the guidance given by other supervisor as well as the panels especially in our project presentation that has improved our presentation skills by their comment and tips. ABSTRACT 2.1 TRADE DISCOUNT...
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...Executive Summary Clarkson Lumber is a small but rapidly growing lumber company in the Pacific Northwest. Keith Clarkson--sole owner and president--anticipates further sales growth but his business may not be able to keep up with future demand because of a shortage of cash, despite good profits. Currently the company has a line of credit with Suburban National Bank, but the bank would not offer any one customer any more than a $400,000 loan, a limit which Clarkson is bumping up against at $399,000 outstanding in the spring of 1996. Staying within the limits requires Clarkson to rely very heavily on trade credits and now Suburban is asking Keith Clarkson to personally guarantee the loan, which puts more risk on him, should the lumber company become insolvent. Therefore, Mr. Clarkson is looking to find another bank with higher lending limits and no personal guarantees to do business with. The task for George Dodge, officer of the larger Northrup National Bank, who is interested in having Clarkson as a client is to investigate Keith Clarkson and his company and determine whether to extend a $750,000 line of credit. Secondary to that is whether $750,000 will be enough to finance the expected expansions, along with the question of what conditions the loan should come with. Our response to whether Clarkson should get the loan is yes, Northrup should approve of Mr. Clarkson’s request for a higher credit line. We also think that $750,000 is a good estimate of the company’s loan...
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...room and steal your valuables right off the night stand. Of course, by the time you find out something is missing there is no way to figure out who did it. And housekeeping never seems to keep track of who cleaned your room. To combat this problem, most hospitality establishments provide, at a nominal fee, an in-room safe that can only be accessed by the guest and the top manager of the hotel. Inn-Room Safe is a manufacturer and wholesaler of the most popular and secure in-room safes on the market, the “Interchangeable Lock Block.” Inn-Room specialized by manufacturing and distributing only this one product which comes in four different sizes to fit almost all hotel spaces. Currently, Inn-Room provides shipping credit terms of net 30 days to top qualifying customers and those paying by bank wire transfer. For other, less credit worthy customers, net terms of 10and 15 days are required. Inn-Room does not allow for a discount for early accounts receivable collections. Recognizing that sales volume should increase and that bad debt expenses hould decrease, Inn-Room is considering offering a 2% discount to those hotels who pay for shipment within 10 days. Today, Inn-Room’s average collection period is 23 days. With the proposed discount offering this number is expected to reduce to 14 days. Bad debt expense is expected to decrease from 0.8% to 0.5%. Inn-Room now sells 1,700 safes on credit at an average price of $234 and a variable cost of $157 per unit. After the...
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...Tina Fey’s sitcom “30 Rock” ends tonight, dammit. I haven’t yet seen the finale (I’ll be watching it along with you screener-deficient folks), but I’m genuinely sad to lose my Thursdays with this awesomely dense comedy, which amounted to a grenade made of zingers. Sweet yet sour, at once funny ha-ha and funny-peculiar—and also funny-relevant, if that were a thing—“30 Rock” is quotable to a nearly psychotic degree. I’ll miss it like a stalker misses her stalkee. I could take pretty much any angle in looking back on “30 Rock,” but I’ll take the one that I am currently experiencing: looking straight at the Empire State Building. When the sitcom débuted, it was based on Fey’s experience as the first female head writer for “Saturday Night Live,” but it quickly became something bigger, stranger, and bolder: a surreal machine capable of commenting on anything, from feminism and prismatic perspectives on race to national politics, reality television, and corporate culture—always from a New Yorker’s P.O.V. Not that the characters were native New Yorkers, mind you, other than Tracy (who was born in Yankee Stadium and attended middle school at an Exxon station in the Bronx). The rest had moved to Manhattan from somewhere else: Pennsylvania, Florida, Massachusetts, Georgia. They were ambitious nuts who lived for their jobs, injecting the office comedy mold with both workaholism and a recurrent anxiety about what that might mean. (“I wish I’d worked more,” confessed Jack on his near-deathbed...
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...S.E. Hinton (Susan Eloise Hinton) was born on July 20,1950. She is 62 years old, and lives in Oklahoma with her husband call Dave and she has a son also call Nick. She went to Will Rogers High School and attended Tulsa University. The first book she wrote was “ The Outsiders” in 1965 when she was only 16 years old and it was published in her first year of university. In 1971, Hinton wrote second book named “ That was then, this is now” Hinton met her future husband, David Inhofe, in a freshman biology class, and it was because of him that she finished her second book “That Was Then, This is Now”. Hinton was suffering from writer's block, and he forced her to write two pages a day. If she didn’t finish during the day, they wouldn't go out that night. They were married in 1970, and That Was Then, This is Now was published in 1971. The first book she wrote was “ The outsiders” and the main characters in the books are Ponyboy, sodapop, Darry, Dally and Johnny. This book talking about two rival groups, the Greasers and the Socs, who are opposite of each others because of the social class. The book told in first person narrative by the character Ponyboy Curtis and strongly shows the gap between rich and poor in 1970s. The Socs stranded in rich and the Greasers represented poor classes. The arrogant, self-satisfied Socs flaunt their wealth and drive around in fancy cars, while the Greasers wear simple t-shirts and live on the bad side of town. Their socioeconomic differences fuel...
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...artwork, unless they fully purchase the work themselves so only they can see it, but that usually requires thousands of dollars. When you force people to pay for a song, is it really art anymore? If you don’t let people enjoy the content, is it just something to sell? I know many artists would love to get paid for their work, and I understand that, myself being a visual artist. In the music industry, when you purchase a song, where does the money really go to? If you are an independent band, the money usually goes straight to the artist since they don’t fall under a record label. But for other famous bands that are? The money certainly doesn’t go to the band. For instance, one of my favourite bands 30 Seconds to Mars, led by the singer Jared Leto, was sued by their former label, Virgin for $30 million because they failed to produce three songs under their contract in 1999. Leto’s band has sold over 2 million records at the time, but the band has never been paid any royalties. Their former label claimed that they were $1.4 million in debt, and that their next record will be used to pay that debt. I don’t find that very fair to the artists. Record labels are the ones that get all the money, not the artists. Musicians work hard to produce music for the enjoyment of others, but their labels love the leech off them. I do believe piracy hurts, but what is the use if the artists don’t get the money themselves? Record labels are using their music as a commodity. Many people cannot afford...
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...Allen Watts English 1302 Mr. Jeffers September 29, 2011 Short Happy Life As I begin to read this story it’s obvious that something went wrong in the initial hunt, but the third person narration takes you through different point of views as the story begins. Wilson an overpowering hunt guide with the courage of a (Lion) sets out to prove he’s worthy of his reputation. From his witty confidence in selecting drinks after their hunt to his overseeing ways to make sure everyone get a good breakfast before the day start on their courageous expeditions day after day. The narration is letting the reader solely see that Wilson is in control of the first act of the story. He ensures that the hunter receive all rewards from the hunt, even if it didn’t go as plan as this story was told. I read in the narration where the men whom did not participate in the hunt, was updated on the events of the day, and change their character of the hunter, Mr. Macomber. Mr. Wilson intervenes to squash all negative talks of the paid guest. As the character tries to assert the triumph of the kill on to Mr. Wilson, he constantly relinquishes it back to the hunter, so that it seem theirs hasn’t been a problem in the day’s event, only a successful kill. I see a troublesome relationship with Mr. and Mrs. Macomber as the narrator encourages you to notice the attraction building for Wilson through Mrs. Macromber...
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...aviones calcule: a) El valor residual (de cada uno de los aviones en la tabla); b) La depreciación del primer año (de nuevo, para cada uno de los aviones de la tabla), considerando lo siguiente: Aviones Comprados en los siguientes años Año Número del Avión Vida útil, en años "% de valor residual (sobre precio de compra)" 1985 D 2851 10 10% 1988 D 2882 15 10% 1992 D 3921 15 10% 1993 D 3932 20 5% 2006 D 4061 25 5% 2007 D 4972 30 10% Solución. Aviones Comprados en los siguientes años Año Número del Avión Vida útil, en años Valor residual "Depreciación anual (método linea recta)" 1985 D 2851 10 $3,300,000 $2,970,000 1988 D 2882 15 $3,900,000 $2,340,000 1992 D 3921 15 $6,600,000 $3,960,000 1993 D 3932 20 $3,400,000 $3,230,000 2006 D 4061 25 $10,500,000 $7,980,000 2007 D 4972 30 $22,000,000 $6,600,000 3. Suponga que cada uno de los aviones listados en la pregunta # 2 inmediata anterior todavía se encuentra en la flota de Delta, en el año 2007. ¿Cuál será, para cada uno de los aviones listados, el valor neto en libros antes de la aplicación, en el año...
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