STARNES- BRENNER MACHINE TOOL COMPANY My presentation is based on a case that I read in my International marketing class that I thought I needed to share with you. Starnes Brenner machine tool is company making machine tool based in Iowa. They have been dealing with many different countries but I’m more interested today in their business in the Latino country. This doc present of a company business ethic while operating in a foreign country. The main point of the ethic problem is the high level
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TOPIC: MACHINE TOOLS India stands 13th in the production and 6th in the consumption of machine tools in the world. The country is set to become a key player in the global machine tools industry with substantial increase in manufacturing of high end machine tools. The Indian machine tool industry has approximately 1000 units in production of machine tools‚ accessories/attachments‚ sub-systems and parts. Threefourth of machine tool producers in India are ISO certified. The market for machine tools
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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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How should a company account for the legal costs of formation? Should the accounting treatment be the same as that for underwritten and other share issue costs? Generally it is recorded as the asset but as it does not have any economic future benefits to the company and it occurs only once so it should be treated as intangible assets. Under paragraph 69 of AASB 138‚ intangible assets does not allow the initial cost to be treated as an asset which needs to be treated as an expense and should be
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1. What do you expect to drive a company’s price-to-book equity and price-to-earnings multiples? PE ratio is expected to be affected by various factors include company earnings‚ payout ratio‚ growth rate and cost of equity. From the dividend discount model we know that P0=EPS0×Payout ratio×(1+gn)r-gn ‚ thus P0EPS0=PE ratio=Payout ratio×(1+gn)r-gn. Thus we see that the PE ratio is an increasing function of the payout ratio and the growth rate and a decreasing function of the riskiness of the firm
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Hampton Machine Tool Company -Case Write-up Summary: On September 12‚ 1979‚ Hampton Machine Tool Company requested from St. Louis National Bank a renewal to their loan of $1‚000‚000 due to be repaid on September 30‚ 1979 and also to be given an additional loan of $350‚000 for new equipment purchases in October 1979. Both loans were to be repaid on December 31‚ 1979. Hampton M.T. Company wrote a letter to the St. Louis National Bank stating the reasons for the extension of the loan and the need
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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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I. Summary Hampton Machine Tool Company was established in 1915‚ whose customers were aircraft and automobile manufacturers located in the St. Louis area. The company had a large success rate throughout the 1960’s‚ with an unfortunate decline throughout the mid 1970’s in sales. The company was able to recover in the years following due to a large increase in military aircraft sales‚ especially the company’s conservative financial policies. Mr. Benjamin G. Cowins‚ president of Hampton Machine Tool
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not appear that the company has improved for the given two years. The assets all together are in fact lower than the prior year. The company earned a lesser amount of money in 2004 than in 2003. The majority of the assets seem to be inventory that has not been sold. In my opinion one should truly see more assets from sales instead of it coming from inventory. The long-term debt essentially has risen between the two years‚ which would not be a positive for the company. The company ought to be making
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