...Sullivan, a building contractor, began purchasing excess wood that other companies didn't need in 1933. He then resold it from the back of a trucking firms yard in Massachusetts. This led the company to finding their position in the market of hardwood flooring in 1996. The first store opened on January 5, 1996 in West Roxbury, Massachusetts and sold 150 sq ft of floors that first day. Eight months later they opened a second store in Hartford, Connecticut and the increase continued ever since. The company has employed over 500 people in stores throughout 42 states over the past 10 years. The opening of new stores will be taking place this year and they have grown to over 100 locations nationwide. The company moved their headquarters from Boston to Virginia in order to be closer to the ports and for better distribution. Five years later they had to move again because their building was to small for the growth of the company. (About Us) Lumber Liquidators has one of the largest inventories of pre-finished and unfinished hardwood floors. They offer a range of brands for residential and commercial construction. They also carries laminate flooring, cork flooring, bathroom vanities, and butcher blocks. In order to help customers save money they eliminate the middle man by purchasing an entire years production though direct negotiation with the mills. Lumber Liquidators is a environmentally responsible company. They only buy from suppliers who practice sustainable harvesting...
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...This essay examines Canada’s lumber industry, the Softwood Lumber Agreement with the US and how globalization, the industry and the agreement all play a factor in each other’s functions. This essay is not a detailed examination of Canada’s softwood lumber agreement but a generalized examination of how globalization influences and affects the lumber industry, and in turn, the softwood lumber agreement. Executive Summary Logging 200 years ago was a booming industry and started a chain reaction to building our nation. Today, technology and government regulations have changed how logs are harvested but the industry’s core function remains the same, to harvest logs for sale. Today the US is Canada’s largest lumber market, but once exports to Britain were more important. What remains the same through centuries of market fluctuations is Canada’s comparative advantage in lumber, Canada’s forests account for 10% of the world’s store. Globalization is bringing markets closer together and how this affects the lumber industry needs a closer analysis in how the lumber industry has evolved from hand falling trees to where the industry is today. Government regulations influence and control the lumber industry and this essay attempts to analyze the Softwood Lumber Agreement (its evolution, perspectives of, economic effects) and how globalization may affect future agreements. This essay also looks at globalization and the alternatives to the Softwood Lumber Agreement. Depending upon who...
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...Your new audit client, Hardwood Lumber Company, has a computerized accounting system for all financial statement cycles. During planning, you visited with the information systems vice president and learned that personnel in information systems are assigned to one of four departments: systems programming, applications programming, operations, or data control. Job tasks are specific to the individual and no responsibilities overlap with other departments. Hardwood Lumber relies on the operating system software to restrict online access to individuals. The operating system allows an employee with “READ” capabilities to only view the contents of the program or file. “CHANGE” allows the employee to update the contents of the program or file. “RUN” allows the employee to use a program to process data. Programmers, both systems and applications, are restricted to a READ-only access to all live application software program files but have READ and CHANGE capabilities for test copies of those software program files. Operators have READ and RUN capabilities for live application programs. Data control clerks have CHANGE access to data files only and no access to software program files. The person in charge of operations maintains access to the operating software security features and is responsible for assigning access rights to individuals. The computer room is locked and requires a card-key to access the room. Only operations staff have a card-key to access the room, and security cameras...
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...Department of Wood and Paper Science Wood Products Extension An Example Business Plan Model For Resorts Design & Build, Inc., a Manufacturer Focusing On Under Utilized Minor Eastern Hardwood Species By Harry W. Watt Business Improvement Specialist Wood Products Extension North Carolina State University Raleigh, North Carolina 27695 For the Under Utilized Species Marketing Project Wood Education and Resource Center USDA US Forest Service Princeton, West Virginia June 3, 2010 New Business Ideas Workshop Discrimination Policy Statement The work upon which this project is based was funded in whole or in part through a grant awarded by the Wood Education and Resource Center, Northeastern Area State and Private Forestry, U.S. Forest Service. In accordance with Federal Law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. (Not all prohibited bases apply to all programs.) To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326W, Whitten Building, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (202) 720-5964 (voice and TDD). USDA is an equal opportunity provider and employer. TABLE OF CONTENTS Topic Executive Summary Business Description Products/Services Management and Personnel Business Strategy Elements Page 2 2 3 3 4 4 4 4 4 4 4 4 4 5 5 Marketing Sales Goals Product Lines Target Markets Main...
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...13-1 Learning Objective 1 Identify relevant and irrelevant costs and benefits in a decision. Relevant Costs for Decision Making Chapter 14 © 2012 McGraw-Hill Education (Asia) Cost Concepts for Decision Making McGraw‐Hill Education (Asia) Garrison, Noreen, Brewer, Cheng & Yuen Slide 2 Identifying Relevant Costs An avoidable cost is a cost that can be eliminated, in whole or in part, by choosing one alternative over another. Avoidable costs are relevant costs. Unavoidable costs are irrelevant costs. A relevant cost is a cost that differs between alternatives. Two broad categories of costs are never relevant in any decision. They include: McGraw‐Hill Education (Asia) Garrison, Noreen, Brewer, Cheng & Yuen Slide 3 Relevant Cost Analysis: A Two-Step Process Sunk costs. Future costs that do not differ between the alternatives. McGraw‐Hill Education (Asia) Costs that are relevant in one decision situation may not be relevant in another context. Thus, in each decision situation, the manager must examine the data at hand and isolate the relevant costs. Step 2 Use the remaining costs and benefits that differ between alternatives in making the decision. The costs that remain are the differential, or avoidable, costs. Garrison, Noreen, Brewer, Cheng & Yuen Slide 4 Different Costs for Different Purposes Step 1 Eliminate costs and benefits that do not differ between alternatives. McGraw‐Hill Education (Asia) ...
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...Chapter 12, pp. 390-397: Problems 12-17, 12-18, 12-27 Chapter 13, pp. 429-430: Problems 13-22, 13-23, 13-24 12-17 The following questions concern the characteristics of IT systems. Choose the best response a. An IT system is designed to ensure that management possesses the information it needs to carry out its functions through the integrated actions of 1. Data-gathering, analysis and reporting functions b. Which of the following conditions will not normally cause the auditor to question whether material misstatements exist? 1. Bookkeeping errors are listed on an IT-generated error listing. c. As general IT controls weaken, the auditor is most likely to 3. expand testing of automated application controls used to reduce control risk to cover greater portions of the fiscal year under audit. d. Which of the following is an example of an application control? 3.The sales system automatically computes the total sale amount and posts the total to the sales journal master file. 12-18 (Objectives 12-2, 12-4) The following questions concern auditing complex IT systems. Choose the best response. a. Which of the following client IT systems generally can be audited without examining or directly testing the computer programs of the system? 1. A system that performs relatively uncomplicated processes and produces detailed output. b. Which of the following is true of generalized audit software programs? 3. They each have their own characteristics...
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...switched to the Michigan Star Furniture Company. At the same time, Dirk Jan De Pree was hired as a clerk. Just 10 years later, Mr. De Pree became president of the company. Mr. De Pree saw great potential with the company and soon after talked his father-in-law, Herman Miller, to purchase the company by buying up the majority (51%) of the company stock in 1923. The company name was then changed and named after Herman Miller and remains that way today. Early on, Herman Miller became a company that treated workers very differently. Most manufacturing companies, De Pree stressed that all workers are important individuals with special talents and potential (Adams, S. B., Manz, C. C., Manz, K., Shipper, F. (2010). He saw that workers were more than just hourly labor and knew that if he could encourage them to expand their horizons and broaden their knowledge and interests that the company would also benefit from this. In the early 1930s, the Herman Miller company was known for producing high-quality, traditional furniture. However, this was the time of the Great Depression. A very trying time with unemployment rates as high as 25% in the United States and as high as 33% or more in other countries (Unemployment Statistics During the Great Depression, n.d.). The demand for Herman Miller's high-quality, traditional furniture plummeted. Sales dropped sharply and the company's viability was at stake. Mr. De Pree did not want the company to go under and ended up working out a...
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...not it is bleached as well as softwood versus hardwood pulp. From here pulp can be used to make a wide variety of paper products. Associated with the production of pulp are Arauco’s other two product lines, forestry and wood products. Forestry products include pulpwood and saw logs while wood products include things like fitches, lumber, and panels. The pulp industry is a highly fragmented one with the largest players all being fully integrated companies that produced pulp and paper, start to finish. Of the approximately 183 million tons of pulp manufactured in 2003, “142 million tons of pulp were used in the production of paper by vertically integrated pulp and paper companies.” (10) Apart from these fully integrated conglomerates there are some other companies that focus on a particular category of the process of production. Additionally there are a handful of local firms that produce paper based on specific needs of their markets. The top five largest producers of market pulp hold 27% of the market with each producer specialized in a specific category of pulp that they dominate. Historically, pulp production has been dominated by the U.S., Canada, Sweden, and Finland (Norscan). Despite this historical dominance, southern hemisphere pulp producers have been on the rise very much recently because of the market growth in hardwood pulp that is easier to extract from tree types in the southern hemisphere. This emergence of hardwood pulp has cut Norscan’s global share of market pulp...
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...AC555 Week 5 Home work 12-17 (Objectives 12-1, 12-4) The following questions concern the characteristics of IT systems. Choose the best response. a. An IT system is designed to ensure that management possesses the information it needs to carry out its functions through the integrated actions of (1) data-gathering, analysis, and reporting functions. b. Which of the following conditions will not normally cause the auditor to question whether material misstatements exist? (1) Bookkeeping errors are listed on an IT-generated error listing. c. As general IT controls weaken, the auditor is most likely to (3) expand testing of automated application controls used to reduce control risk to cover greater portions of the fiscal year under audit. d. Which of the following is an example of an application control? (3) The sales system automatically computes the total sale amount and posts the total to the sales journal master file. 12-18 (Objectives 12-2, 12-4) The following questions concern auditing complex IT systems. Choose the best response. a. Which of the following client IT systems generally can be audited without examining or directly testing the computer programs of the system? (1) A system that performs relatively uncomplicated processes and produces detailed output. b. Which of the following is true of generalized audit software programs? (3) They each have their own characteristics that the auditor must carefully consider before...
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...Executive Summary Brown Equity Group franchises multi-unit real estate developments. Our service will be to develop Chicago Place, a 200 unit residential dwelling with the goal to extend long term leases, expand rent growth and maximize cap rate compression over a 5 year plan. Chicago Place is expected costs are $1,517,290.00, over a 18 month duration that could possible gross $1,122,240.00 of potential revenue Project Description This proposal covers the development of one new, large multi-unit property that will bring potential opportunities to buy high quality real estate from distressed sellers at a discount to replacement cost with meaningful upside potential from lease-up, rent growth and maximize cap rate compression. In this plan, the strategy of Chicago Place will be to purchase, construct, maximize rents in each unit thus increasing. WBS 1 Acquisition & Planning 1.1 Grounds 1.1.1 Franchise Fee 1.1.2 Purchase Land 1.1.3 Hire Architect 1.1.4 Review & Approve Blue Prints 1.1.5 General Contractor Solicitation 1.1.6 Hire General Contractor 1.1.7 Submit Blue Prints to City 1.1.8 Purchase Permits 1.1.9 Order Utilities 2 Construct Building 2.1 General Contractor 2.1.1 Land 2.1.1.1 Excavate Land 2.1.1.2 Prep Footing & Foundation 2.1.1.3 City Inspection - Footing & Foundation 2.1.1.4 Pour Concrete - Footing & Foundation 2.1.1.5 Frame Building 2.1.1.6 Install Floor Sheathing 2.1.1.7 City Inspection - Framing 2.1.2...
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...financial condition as reported in this document suggested to Mr. Firr that the cash flow picture for the enterprise was deteriorating. In times gone by, the firm had been able to maintain sizeable cash balances in its bank of account, Tippecanoe Trust Company, during the major portion of the fiscal year, and had found only modest seasonal borrowings necessary. Recently, however, a lengthening of credit terms to customers necessitated by intense competition in the company's dominant product lines had increased working capital needs quite substantially. Simultaneously, lower selling prices occasioned by the same competition had diminished profit margins. For these reasons, Mr. Firr-who had starred as a quarterback in high school, felt that a careful forecast of funds needs for the remainder of 2002 was in order. Spring Valley Forest Products (SPRIVORPCO) produced plywood paneling and moldings both for lumber wholesalers and major contractors in the north central Indiana area. The verdant Wabash River Valley had proven capable of supporting the lush growths of timber necessary to the company's production activities. Most lumber, however, was purchased from independent farmers and lumbermen rather than grown by the company itself. Raw material costs, therefore, were relatively high in relation to sales. The firm's products, marketed under the brand name SPRIV, enjoyed an unvarnished reputation for quality. In making his forecasts for the period July 1 through December...
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...Moving once agian 7 December 1869 to go among strangers in Heber. Arriving in Heber they were invited to live with Robert Baird and family for a while and then a little cabin used for a grainery was where he lived until he got the family a comfortable house built. William used a beautiful span of horses to haul lumber up to where he was building his house, but the Indians came in the night and stole them along with the horses and cattle of others. Finding the horses killed the next day at the mouth of Daniels canyon left William with nothing to haul his materials. Coming to his rescue were the people around him, giving him the material he needed to make a home. He would walk from Heber to Midway, up Snake Creek over the moutains and down Cotton Wood Canyon into Salt Lake, and after many years of faithful service, William developed heart problems and could no longer. He always carried peppermint candy in his vest pocket, it seemed to give him comfort when he had trouble...
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...financial condition as reported in this document suggested to Mr. Firr that the cash flow picture for the enterprise was deteriorating. In times gone by, the firm had been able to maintain sizeable cash balances in its bank of account, Tippecanoe Trust Company, during the major portion of the fiscal year, and had found only modest seasonal borrowings necessary. Recently, however, a lengthening of credit terms to customers necessitated by intense competition in the company's dominant product lines had increased working capital needs quite substantially. Simultaneously, lower selling prices occasioned by the same competition had diminished profit margins. For these reasons, Mr. Firr-who had starred as a quarterback in high school, felt that a careful forecast of funds needs for the remainder of 2002 was in order. Spring Valley Forest Products (SPRIVORPCO) produced plywood paneling and moldings both for lumber wholesalers and major contractors in the north central Indiana area. The verdant Wabash River Valley had proven capable of supporting the lush growths of timber necessary to the company's production activities. Most lumber, however, was purchased from independent farmers and lumbermen rather than grown by the company itself. Raw material costs, therefore, were relatively high in relation to sales. The firm's products, marketed under the brand name SPRIV, enjoyed an unvarnished reputation for quality. In making his forecasts for the period July 1 through December...
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...Clarkson Lumber Hardwoods, Hard Times BBUS 505a Cavelero, Engstrom, Tobey & Zadah Overview • Case Summary • Problem Identification • Findings • Methodology • Metrics • Insights Case Summary • Clarkson Lumber Company [‘CLC’], is a small PNW lumber concern experiencing rapid, questionably financed growth. • Keith Clarkson [‘Clarkson’], sole owner of CLC, has maxed out ($399K of $400K) his line of credit [‘LOC’] at Suburban National. • CLC relies heavily on trade credit and short term debt. • Clarkson wants to move to Northrup National Bank – a larger bank – with a a $750K short-term LOC. • George Dodge, Northrup officer, is cautiously receptive. He’s asked a team of intelligent, attractive analysts to investigate the current state of CLC. Problem Identification “Clarkson wants to move to Northrup National Bank – a larger bank offering a $750K LOC.” • CLC overuses expensive short-term debt to finance growth and buyout his former partner. • It is our opinion that receiving a larger LOC from our bank will result in negative future growth and exacerbate current cash flow problems. • There are other problems with cash-flow, including inventory purchasing, A/R and a 2% A/P discount (opportunity). • PPE depreciation is an unkown; for our analysis, we factored it out. Findings • CLC can be a profitable investment for Northrup, but not with the stated credit terms. Debt restructuring is needed to maximize CLC’s profitability. • According to our research, CLC is in...
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...Eucalyptus globulus Labill Eucalyptus globulus Labill, is a species also known as the Tasmanian Blue Gum grows mainly along the east coast of Tasmania. The specific epithet globulus is Latin for globe-like or spherical, which refers to the shape of the fruit it bears. Bluegum Eucalyptus is part of the Myrtaceae family. Bluegum trees are also native to many parts of Australia, and various sub-tropic climate regions. This species of Eucalyptus is a medium-sized tree, that grows 15-20 meters tall. Occasionally the tree can reach heights of up to 70 meters. It’s root system grows deep and spreads out far in range for sturdy attachment. The bark of the tree is rough and persistent, but peels to reveal long thin strips of smooth grey, green, or yellow trunk. The tree’s juvenile leaves are waxy and blue-green in color. When the leaves start to mature they become sickle-shaped, dark green, glossy, and develop many oil glands. Eucalyptus globulus is a flowering tree, which flowers from September to December, but seeds will remain on trees until mid summer. The flowers are white or cream, and produce massive amounts of nectar which is pollinated by nearby birds, mammals, and insects. Bluegum trees’ habitat is a tall, open forest with a wide range of soils. The bluegum eucalyptus tree was first described in 1799 by a French Botanist named Labillardiere, who was collecting specimens on the coast of Tasmania. Labillardiere noted that most forms of eucalypt can adapt to many different...
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