...------------------------------------------------------------------------------------------------------------ DISPENSERS OF CALIFORNIA, INC. ------------------------------------------------------------------------------------------------------------ ------------------------------------------------- INTRODUCTION Peter Hynes, creator of a commercial paint spray, sought investors to provide capitalization of $200,000 par value capital stock for his newly patented product. The product had 16 years left on the patent. Hynes was charged with preparing a profit plan projecting the company’s revenues and expenses for the initial year of operation by investors (Anthony, Hawkins, & Merchant, 2011). ------------------------------------------------- Statement of the Problem The major issue in this case is associated with developing a profit plan on a start-up company. Developing these predictions may prove to be difficult, especially for a new small business. In today’s economy, there is a significant amount of uncertainty on the success of small businesses. In fact, 25% of startup businesses fail within the first year and 55% fail by the fifth year (Pozin, 2012). All of these factors play a role in an investor’s decision to provide capital for a startup company. ------------------------------------------------- ALTERNATIVE SOLUTIONS One solution to the problem is to develop the profit plan using the conservatism approach. This ensures that inventors will not be surprised...
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...paint spray, offered to invest in a new corporation with a capitalization of $200,000 par value capital stock to further develop, manufacture, and market the spray and its related equipment. Before making their investment, the investors asked Hynes to prepare a profit plan projecting the company’s initial year of operation along with an end-of-year balance sheet. Hynes agreed to prepare the requested information incorporating the following projected transactions: 1. In return for signing his patent over to the new company, which was to be called Dispensers of California, Inc., Hynes would receive 60 percent of the company’s capital stock. For their part, the investors would contribute $80,000 cash for a 40 percent interest in the company. 2. Incorporation costs, $2,500 3. Equipment to be used in assembling the paint spray dispensers, $85,000. 4. Out-of-pocket labour and development costs to redesign the paint dispenser to facilitate more efficient assembling, $25,000. 5. Component part purchases, $212,100. 6. Short- term loan from local banks, $30,000. (Loan to be repaid before the end of the year with $500 interest.) 7. Manufacturing payroll, $145,000 8. Other manufacturing costs (excluding component part costs), $62,000. 9. Selling, general, and administration costs, $63,000. 10. Ending component parts inventory cost, $51,100. 11. Sales, $598,500 (all received in cash.) 12. All incorporation and product redesign costs expensed as incurred...
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...Tesca Works, Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for manufacturing large, heavy-duty generators at a reasonable cost. One of its greatest achievements is that its generators can be easily modified or customized for different applications. Also, Tesca Works currently builds commercial appliances. The company is considering an expansion of its current product line to include refrigerator and maybe, sometime in the future, consumer appliances. Mr. Burton feels that due to high energy prices, consumers will be more willing to consider purchasing new efficient appliances. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for its innovation and ability to produce high quality products at a reasonable cost. One of its greatest achievements is that its manufacturing processes are adaptable to other durable goods. Also, Tesca Works currently builds commercial appliances. 2 Profile of Tesca Works Tesca Works, Inc. was established by the Smith brothers in 1880 as the Logging Saw Company. The firm started manufacturing large steam saws to serve the logging industry which processed lumber. Their customers were construction companies that provided housing for the population increase in California. The Smith brothers...
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...of Tesca Works, Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for manufacturing large, heavy-duty generators at a reasonable cost. One of its greatest achievements is that its generators can be easily modified or customized for different applications. Also, Tesca Works currently builds commercial appliances. The company is considering an expansion of its current product line to include refrigerator and maybe, sometime in the future, consumer appliances. Mr. Burton feels that due to high energy prices, consumers will be more willing to consider purchasing new efficient appliances. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for its innovation and ability to produce high quality products at a reasonable cost. One of its greatest achievements is that its manufacturing processes are adaptable to other durable goods. Also, Tesca Works currently builds commercial appliances. Profile of Tesca Works Tesca Works, Inc. was established by the Smith brothers in 1880 as the Logging Saw Company. The firm started manufacturing large steam saws to serve the logging industry which processed lumber. Their customers were construction companies that provided housing for the population increase in California. The Smith brothers...
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...Tesca Works, Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for manufacturing large, heavy-duty generators at a reasonable cost. One of its greatest achievements is that its generators can be easily modified or customized for different applications. Also, Tesca Works currently builds commercial appliances. The company is considering an expansion of its current product line to include refrigerator and maybe, sometime in the future, consumer appliances. Mr. Burton feels that due to high energy prices, consumers will be more willing to consider purchasing new efficient appliances. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for its innovation and ability to produce high quality products at a reasonable cost. One of its greatest achievements is that its manufacturing processes are adaptable to other durable goods. Also, Tesca Works currently builds commercial appliances. 2 Profile of Tesca Works Tesca Works, Inc. was established by the Smith brothers in 1880 as the Logging Saw Company. The firm started manufacturing large steam saws to serve the logging industry which processed lumber. Their customers were construction companies that provided housing for the population increase in California. The Smith brothers...
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...Written Analysis and Evaluation of TABLE OF CONTENTS 1. Title Page…………………………………………………………………….page 1 2. Table of Contents……………………………………………………………page 2 3. History and Background……………...…………………………………..pages 3-5 4. Products and Services………………...…………………………………..pages 6-7 5. Financial Summary………………….……………………………………pages 8-9 History and Background Kirk Perron, the founder of Jamba Juice, had a desire of self-business since he was very young. At the age of 16 he started to work at Vons, bagging groceries, and ultimately he became assistant manager at Safeway. This process helped him to gain 10 years of valuable retail experience. At the age of 25, he stop his day job and worked late night stocking groceries and started working out and bicycling during the day. Usually after exercising, he would buy a smoothie, which was healthier than frozen drinks. This eventually put the ideas in his mind to open his own smoothie store. Kirk Perron started to gather his people to help him launch the business. He met his director of research and developer, Joe Vergara, at Safeway store who already was involved in the juice bar business, Kevin Peters who became director of partnership development, and Linda Ozawa the head of marketing. One of the obstacles that Kirk Perron faced at the start of the business was the fact that he could not convince the bank to get loan. Therefore, he had to sell his apartment and borrow money from his mother and his friend...
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...A 5s Implementation Plan For The Shipping Department at Helical Products Co. By Eric William Walker A Senior Project submitted In partial fulfillment of the requirements for the degree of Bachelor of Science in Industrial Engineering California Polytechnic State University San Luis Obispo Graded by: Checked by: Date of Submission: Approved by: EXECUTIVE SUMMARY Helical Products Company is a business that manufactures flexure products, such as couplings and u-joints. As part of a movement towards lean manufacturing, Helical Products Company of Santa Maria, California is need of a principle that will help them continuously improve their shipping department. A study of 5S, a lean principle focused on waste reduction, will be done to investigate opportunity for implementation. A literature review takes a peek on research of lean manufacturing history, lean workbook/ tutorials and lastly case studies and journal articles. The output of research provides a design plan for Helical using 5S and other lean principles compatible with 5S, such as error proofing and Value Stream Mapping. A list of suggestions based on analysis and feedback from the Helical shipping department is provided. Lastly, a 5S manual catered for Helical Products Company is attached in the appendix. 1 TABLE OF CONTENTS Executive Summary....................................................................................................................................... 1 Introduction .......
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...will take two companies; UPS and Ebay, Inc break them down and show you how they got their start. In our paper, it will also be discussed and show a review of their financial statements from each one. The point is to get a better picture of where a company started, the competition it endured, and the money that was possibility projected for the start. This paper will also show how auditors are essential to the running of any company. Review of Financial Statements Brief overview UPS, a delivery service, has been around for about 100 years. James E. Casey started the company on $100 borrowed from a friend of his. Casey, who was 19 years old when he started UPS, had worked for delivery services before and wanted to start a better delivery system of his own. The American Messenger company, what UPS was previously called, started in Seattle, Washington and had many competitors in the beginning. His business not only survived among them, but thrived (UPS, n.d.). Today the company serves over 200 countries delivering “goods, funds, and information” (UPS, n.d., ¶ 1). UPS has several stores located in these countries, including the United States, where people can not only have their packages sent, but they can also buy delivery products from them as well. On September 5, 1995, Piere Omidyar founded eBay sitting in his living room. eBay got it first start with a lie stating “that it was founded to help Omidyars finacee trade Pez candy dispensers and that lie was back by a public relations...
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...two companies; UPS and Ebay, Inc break them down and show you how they got their start. In our paper, it will also be discussed and show a review of their financial statements from each one. The point is to get a better picture of where a company started, the competition it endured, and the money that was possibility projected for the start. This paper will also show how auditors are essential to the running of any company. Review of Financial Statements Brief overview UPS, a delivery service, has been around for about 100 years. James E. Casey started the company on $100 borrowed from a friend of his. Casey, who was 19 years old when he started UPS, had worked for delivery services before and wanted to start a better delivery system of his own. The American Messenger company, what UPS was previously called, started in Seattle, Washington and had many competitors in the beginning. His business not only survived among them, but thrived (UPS, n.d.). Today the company serves over 200 countries delivering “goods, funds, and information” (UPS, n.d., ¶ 1). UPS has several stores located in these countries, including the United States, where people can not only have their packages sent, but they can also buy delivery products from them as well. On September 5, 1995, Piere Omidyar founded eBay sitting in his living room. eBay got it first start with a lie stating “that it was founded to help Omidyars finacee trade Pez candy dispensers and that lie was back by a public...
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...Frederick Taylor’s ‘Scientific Management’ Was for a Different Time and a different Place “The principal object of management should be to secure the maximum prosperity for the employer, coupled with the maximum prosperity for each employee.” -Frederick Winslow Taylor Scientific Management was introduced by Frederick Taylor in the late 19th century. In this essay, I will address the question whether Scientific Management was for a different time and a different place. In this essay, I will analyze Taylor’s Scientific Management from different angles and base my argument on both sides. I will discuss that Scientific Management was introduced for manual labor industry, however, it can be applied and to today’s business world if it is carefully analyzed and reworked. I will argue that today’s management practice is derived from the foundations of Taylor’s Scientific Management and that in this sense his work is absolutely crucial. Finally, I will evaluate the relevance of Scientific Management to today, with help from a case study of the NUMMI car manufacturing plant. Taylors work focused on studying job processes, the way workers perform, learn the job and determine the most efficient ways of performing them. He found the formula of how to perform manual labor efficiently, quickly, with quality, error free and in a way to save energy. Motivation was kept by wage increases according to the amount of work the worker could possibly do. This is not t he way today’s...
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...Undergraduate Research Projects Title: Thesis Adviser: Author: A Predictive Model of Attention in Viewing Selected Grocery Food Products Ms. Rosemary Seva Kathleen V. Garcia Kimberly L. Go Winnie V. Grindulo Date: Call Number: Abstract: Studies on visual attention have identified certain visual factors that attract consumer attention. Visual attention had been found to be related to instore visual factors such as shelf position, number of facings, and packaging design. However, despite their importance attracting consumer attention, no studies had been found to consider combined effects of these factors in consumer attention. As such, this study considered the combined effects shelf position, number of facings and packaging design with the objective of identifying the significant factors and of developing a predictive model of attention. The significant effects of in-store visual factors specifically number of facings, horizontal and vertical shelf positioning, the color, size, and material of, and the text and image on the packaging was used in the development of a conceptual model in predicting attention as measured by the frequency of fixation and the duration of fixation. In order to validate the developed model, an eye-tracking experiment was conducted. Using an eye-tracking device that records the frequency and duration of fixation, the subjects were asked to view a life-size picture of a shelf. Multiple regression analysis was used to analyse the data gathered from the...
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...HISTORY The first commercial coin-operated vending machines were introduced in London, England, in the early 1880’s. Richard Carlisle, an English publisher and book shop owner, invented a vending machine for selling books around the same time. In 1888 the Thomas Adam’s Gum Company introduced the very first vending machine to the United States. Pulver Manufacturing Company added animated figures to its Gum machine as an added attraction. Automatic Tubig Machine (ATM) Automatic Tubig Machine (ATM) is into water purification and refilling business that caters to the needs of small and medium size businesses for needs of drinking water supply. The company was established in August of 2005 in Pasay City, Metro Manila; with the aim of satisfying customers needs of clean and safe drinking water. With the polluted water in today's environment. Water Vendo Machine Vital Information Messages: This machine introduces an income generating expense in particular bills from the consumption of electric, water, cups, plastics, straws etc. can somehow return the capital cost invested and eventually produce the out flowing income along the way of its use. Using a PISO Coin inserted to the slot can easily get a cup of cold water. 15 pesos of single gallon distilled water can produce the 75 cups and it is absolutely create a 75 pesos sale. The electricity in a month consumes only 45 watts and definitely creates 2 to 4 pesos a day or 120 pesos per month. Warranty of the machine...
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...Customize View Search: View: Current Investment Prior Investment Current Subsidiary/Operating Unit Prior Subsidiary/Operating Unit Merged Entity Current Investment Arm Prior Investment Arm Pending Acquisition/Investment Cancelled Acquisition/Investment Group By: Investments Company Name Relationship Type Primary Industry Last Investment Date LTM Total Rev. ($mm) LFQ Total Assets ($mm) LFQ Total Debt ($mm) Period End Date Cuadrilla Resources Holding Limited Pending Acquisition/Investment Oil and Gas Exploration and Production Feb-16-2010 - - - - Website: There is no website for this company Business Description: Cuadrilla Resources Holding Limited operates as an oil and gas exploration and production company. The company was founded in 2007 and is based in the United Kingdom. Investment Coverage: - Relationship with Investor/Parent: Total Investment ($mm): - Expected Exit Date: - Percent Owned (%): - Return on Investment (%): - Controlling Interest: - Investor Notes: - Transactions: Date: Feb-16-2010 Type: Private Placement Size ($mm): 58.00 Status: Announced Eagle Energy, LLC Pending Acquisition/Investment Electric Utilities Dec-21-2009 - - - - Website: www.eagleenergyllc.com Business Description: Eagle Energy, LLC provides alternative energy supply, and electricity and natural gas consulting and aggregation services to commercial, industrial, and governmental entities. The company also offers...
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...Introduction of McFlurry product to McDonald’s restaurants on a new market – Marketing Plan Keller Graduate School of Management – Online MM522 Mihnea Grecu Final Draft Executive Summary McDonald’s story started with the two brothers Mac and Dick McDonald in their restaurant located in San Bernardino, California. They were pioneering the idea that by limiting the menu items, lowering prices and introducing procedures for preparing the food, they would be able to serve more customer in a shorter period of time. The company as we know it today was founded by Ray Kroc. In 1954 Ray Kroc met the McDonald brothers and was impressed with their success in serving lots of customers in a short time and efficient manner. His conclusion was: “The customers need quality. This means a good service, but most important, fast. People look for an alternative to the traditional eating habits.” Negotiating a deal with the McDonald brothers Ray Kroc was able to open his first restaurant in Des Plaines, Illinois that allowed him to use their system and the name of the company. The core principles of McDonald’s philosophy that apply to each individual restaurant all over the world are: QSC&V (Quality, Service, Cleanliness and Value). In other words McDonald’s mission statement is: High quality products, served with a smile, in a clean environment at the lowest possible price. Advertising billboards were used as a first advertising tool for the company starting with 1959. ...
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... Adobe helped ignite the revolution in desktop publishing in the early 1980s. Its software includes Adobe Acrobat and Adobe Photoshop. Headquartered at San Jose, CA, it now employs 2,700 people. Adobe’s interests include Adobe Ventures and Adobe Ventures II. Venture capital partnerships with Hambrecht and Quist have earned over $100 million since 1994. Links: www.adobe.com Amazon.com Amazon.com must be the most talked about company in the world. For a business that’s just five years old that’s quite an achievement; for one that has yet to make a single penny in profits, it’s unheard of. But then Amazon.com is more than just a business; it’s a business phenomenon. Launched as a website in June 1995, by the beginning of 1999 Amazon.com Inc. had a market capitalization of $6 billion, by August 1999 it had jumped to $20 billion. Amazon’s value can vary by several billion depending on stock market sentiment. Founder Jeff Bezos has promoted Amazon.com to the point where it is now synonymous with ecommerce. Today, the Seattle-based company (with its Slough-based subsidiary, Amazon.co.uk) is a major feature of the new business landscape, but how it got there remains something of a mystery. Back in 1994, Bezos was a youthful senior vice-president at a Wall Street hedge fund. His prospects looked good, but Bezos, a Princeton graduate in electrical engineering and computer science, had other ideas....
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