BUSN379 Course Project Part 1 Task 1: Assessing loan options for AirJet Best Parts, Inc. 1. Regions Best (1+ .1317/12)^12 -1 =0.14 EAR = 14% National First (1+ (6.75+3.25)/2)^2 -1 =.1025 EAR = 10.25% 2. Based on my calculations I would choose the National First loan because the EAR is only 10.25%. The EAR for the Regions Best loan is 14%. The ideal EAR for the company would be the smallest rate. 3. (1+8.6/12)^12 -1 = 8.95%
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Task I: * For National Bank: Prime bank loan rate=3.25% So National first Interest rate=3.25%+6.75%=10% paid semiannually For Regions Best: Interest rate=13.17% paid monthly Hence, using national first would be the best option. * Based on the above information it can be said that National First bank is the best choice because it has the lowest interest rate and choosing this would reduce the cost of debt for the company. * Given that, Loan amount=$6,950,000 APR=8.6%
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Abstract: Process industries, especially textile industries, have automatic machinery which are highly inflexible and have high volume/low variety products. This nature of the textile industry makes implementing lean manufacturing techniques a challenge; hence implementing lean techniques in a textile industry has been taken up as a challenge. We have chosen a combination of value stream mapping (VSM), 5S, kanban, kaizen, poka-yoke, and visual controls to improve the processes. The findings of
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