Client risk profile Canadian Tire Corporation‚ Limited (CTC) is primarily a canadian retailer‚ focusing on automotive and general merchandise. Founded in 1922‚ the company has been around for almost a century‚ building strong brand recognition in Canada. Initially starting as a car parts retailer they have expanded rapidly into other areas‚ mainly general merchandise retail. They have other secondary divisions being; Partsource Automotive stores (strictly automotive parts)‚ Financial Services
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Executive Summary Tire City‚ Inc. has petitioned MidBank for a loan in order to expand their business‚ and build a new warehouse. Through the financial statement reporting and the numbers that have been presented to me‚ I believe that this is a sound investment. The growth percentage of 20 percent per year is conceivable‚ if business stays as it currently is. The amount of debt that would need to be financed for this expansion is palatable‚ and well within the normal ranges for these sort of projects
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Canadian Tire Corporation (CTC) is in charge of the implementation of a business intelligence (BI) system for the company. This implementation began in 2003 and was to be completed in 2005. In 2006‚ the project is only in the 2nd of 3 phases. He is now faced with a problem. The implementation is going much slower than he anticipated. His goal is to implement BI as soon as possible‚ so what does he need to do so that he can reach this goal? In order to reach his goal‚ there are many issues that need
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How to Change a Tire When changing a tire‚ there is always a catch. So one must know that things won’t go according to plan or some kind of inconveniences will happen. So it is the coldest day of the year and my hands are freezing cold and on top of that I have to grab hold of a tire iron. So I’m driving and a tire pops‚ first one has to safely come to a complete stop and park the car on the side of the road far away from the road as possible. Once the car has come to a complete stop‚ turn on
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The case analysis of Equity Funding Introduction The collapse of Equity Funding had a far-reaching influence on business practices and institutions. Although it happened over 30 years ago‚ the lessons from Equity Funding are still meaningful and constructive nowadays. Auditors of Equity Funding failed to collect sufficient evidence‚ check internal control and substantiate computer system. The audit premise----- understanding internal control system AUS 402.41 requires the auditor to obtain
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and gasoline outlets from coast-to-coast. Canadian Tire Corporation has many strengths as an organization. First and foremost‚ they enjoy a strong and loyal customer base. Their long history as a Canadian company has helped them in this regard‚ as many of the existing Canadian competitors have been purchased by foreign corporations over the years. They also have one of the most recognizable trademarks in the country. Another strength of the company is its diversity. They currently provide a wide range
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Long-term financing requires a meticulous understanding of the various features of debt and equity and their impact an organization. While evaluating debt and equity‚ an investment banker also has to consider the unique characteristics of the organization’s dealings while ensuring that the organization’s requirements are met. Debt CapitalDebt capital includes all long-term borrowing incurred by the firm. The cost of debt was found to be less than the cost of other forms of financing. The relative
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"Equity is a subjective evaluation‚ not an objective one. Based on the comparison that individuals use‚ each individual is likely to develop different perceptions of equity." (Scholl‚ 2000) When individuals look at the equity model on the job scale‚ they compare their contributions and rewards to that of those around them (associates‚ coworkers‚ management‚ etc.). If the equation is balanced‚ the "equity"--as society puts it--is accomplished. If it is unbalanced‚ the inequity may cause individual
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Few ever expected her to occupy this position. Canadian Tire had‚ perhaps not surprisingly‚ always been a man’s world. Martha’s father‚ Alfred Jackson Billes (always referred to as A.J.)‚ was the junior partner to his elder brother‚ John William (J.W.)‚ when they bought a service station at the corner of Gerrard and Hamilton Streets in Toronto in 1922‚ selling and repairing a new product known as "balloon" (pneumatic) tires. The empire had expanded to more than 100 stores‚ and the two brothers
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The Liangda flexible expansion joint JGD-B2 are double arch designed with integral rubber flanges for tough‚ demanding industrial applications‚ as found in: Chemical/Petrochemical Plants‚ Industrial Process Piping Systems‚ Marine Services‚ Power Generation Plants‚ Pulp/Paper Plants‚ Steel Mills‚ Water/Wastewater and Pollution Control Systems. Installed next to mechanical equipment or between the anchor points of a piping system to: (1) Absorb Pipe Movement/Stress (2) Reduce System Noise (3) Isolate
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