Mr. Jerry Eckwood‚ V.P of Louis national bank requested loan from customer named Hampton Machine Tool Hampton-requested renewal of the existing 1 million dollar loan‚ repaid time of Sep.30 Additional-asking for a 350‚000 loan for planned equipment purchases in Oct. Under terms of company’s request‚ both were to be paid back end of 1979 Background of Hampton Established in 1915‚ machine tool manufacturing business. Recent months‚ record production/profitability mid-late 1960. -Customers
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CASH BUDGET for HAMPTON MACHINE TOOL(000 $) CURRENT September October November December Receipts: A/R Collection(assumes 30-day;Oct& Nov. less advances of $840 and $726‚ respectively) Bank Loan Total Cash Inflow Expenditures: A/P Payment(paid in 30 days) Other Op. Outlays CAPITAL EXPENDITURE Taxes Interest Loan Principal Dividends Total Cash Outflow Beginning Cash Net Monthly Cash Flow ENDING CASH 684.000 2243.000 1323.000 2022.000 779.000 350.000 2136.000 1604.000 2369.750 January Sales -Advances
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SYNOPSIS: At approximately 1200 hours‚ on February 5‚ 2016‚ I‚ Cpl. Lessane‚ responded to 1882 Millpond Road‚ in the Varnville area of Hampton County‚ to meet with Shandria Whitney‚ regarding harassment telephone calls. Ms. Whitney received several threatening harassment telephone calls within the past few days from several subjects out of Allendale County. Subjects refused to stop calling the complainant cellular phone after several requests. Subjects made several threats which placed the complainant
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Getaway Bed and Breakfast Inn is looking to expand its business in the country of Dubai and as a result there will be a different set of legal solutions available‚ should the business encounter various related problems. Base on my research findings‚ listed below outline a set of legal solutions for a range of business problems for Getaway Bed and Breakfast Inn‚ Dubai location. Termination of Contract- according to Klconstructionlawblog.com‚ (2016) a contract in Dubai can be terminated in various
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Introduction Amber Inn & Suite‚ Inc. was built in 1979 and is composed of 250 hotels chain empire of which each consisting an average of 120 exquisite guest rooms or suite units. The profits are $422.6 million and deficits of $15.7 million. The Amber Inns & Suite have total of 30‚000 rooms. The Company’s objective is to cater mainly to professional clienteles that are traveling with fabulous guest rooms at an economical price. Amber Inn & Suites‚ Inc. is located in areas amid ten western and Rocky
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Fred Hampton was born in Chicago the year of 1948; he grew up with his parents in Maywood a suburb in the city limits of Chicago. Hampton attended high school in the city of Chicago; he went to Proviso East High School. Fred Hampton would graduate in 1966 and future his educate himself in law at Trinton Junior College. While attending Trinton he decided to join the NAACP and was appointed leader of the youth council organizations west suburban branch. In November of 1968 Hampton went on to
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RE: HAMPTON MACHINE TOOL COMPANY TO: Jerry Eckwood‚ Vice President of St. Louis National Bank SECTION I St. Louis National Bank has to decide whether or not to grant a loan renewal request by a local company‚ Hampton Tool Company. The existing loan is due to be repaid in fifteen days and the president of the company‚ Benjamin Cowins‚ is also requesting an additional loan of $350‚000 for planned equipment purchases in October 1979. Until December 1978‚ Hampton Tools had maintained a capital
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INTEGRATIVE CASE 7.0 The Plaza Inn OVERVIEW David Bart‚ General Manager of the Plaza Inn‚ received a letter from the hotel association of which the Plaza Inn was a member. The letter stated that the hotel’s service levels did not measure up and that the front desk and reservations‚ two critical departments‚ received the worst ratings among all of the association’s properties. Unless the management of the Plaza Inn could submit a plan for guest service improvement and pass the next inspection
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There is an array of things that are assessed in starting a successful business. When viewing the success of Dale Northrup who decided to open the Percy Inn in Portland‚ Maine‚ after being a critic and editor for hotels and cruise ships all over the world‚ it becomes very apparent that a great deal of work goes into starting a successful business. A business owner must first determine the reasons in which they want to start a business. The owner must determine what entrepreneurial characteristics
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Hampton Machine Tool Case Group 5: Laura Lafitte‚ Joe Loden‚ Chris Ingham‚ Keenen Leake‚ and Humberto Maldonado Hampton Machine Tool Company was founded in 1915 and began supplying parts to military and automobile companies. Beginning in the 1960’s‚ heavy increases in defense spending prompted by the Vietnam War in conjunction with a blossoming automobile industry allowed Hampton Machine Tool Company to experience a period of high growth and increased profitability. By the mid-1970’s‚ defense spending
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