Industrial Products Corporation (IPC) is a manufacturer of industrial products. In 1996, more than a dozen IPC divisions produced a number of various industrial type products. Each division is run by a division manager and consisted of one or more plants found throughout the United States. As with each division in IPC, they all had their own balance sheet and income statement. IPC utilizes long-run and short-run planning programs and every month, each division manager submits a performance report that is reviewed by upper-level executives. It is noted that IPC’s main measure of performance for the divisions has been their rate of Return on Investment (ROI).
Pumps are one of the most common machines used in industry. While the U.S. pump industry is considered mature, the number of manufacturers of pumps declined to 405 businesses by 1987. However, during the 1990s, the industry improved slightly and the total number of pump manufacturers rose to 489. With industrial pumps being the largest product class in the business, they held 55 percent of the market output.
According to the Pump Industry Analyst in March 1996, “[t]he global economy is experiencing mixed fortunes in terms of its projected growth for 1996 and a combination of cautious optimism and gloom prevails world markets.” It further stated that “[t]he US economy is projected to grow 2.2 percent during 1996, after a disappointing 1.5 percent last year.” Also on a positive note, the US demand for fluid handling pumps is set to expand 5.5 percent annually to the year 2000 because of increased capital investment by process manufacturing industries (Publications – Pumps, 1996).
Issues
This case focuses on the Baker Division of the company and Mr. Brandt, the d...
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2. Pam also noted that warranty contracts are given on all sales of pumps and valves. LS-Pump/Valve and now Hydromaint, have accounted for warranties only on the costs to "make good" when warranty claims were actually filed by customers. If warranty costs had been recognized as sales were made, the liability at January 1, 20X7, would have been $500,000. Pam noted, however, that Nick Riley and Ray Ballard were aware of the warranty contracts and took these into account in valuing the acquisition of LS-Pump/Valve. Nick and Ray did ...
This paper will focus on the future of the U.S. Automobile industry as the United States recovers from the worst recession we have experienced in the past 75 years. I will provide information on the following topics pertaining to the U.S. automobile industry:
A pump is a device which is used to move the fluids, for example, the gases, the liquids and slurries. The pump transfer the volume through physical or mechanical action. The pumps are widely applied in the mechanical industry , pharmacy and domestic field. Positive displacement and centrifugal compose the two main types of pumps.
The following paper will compare the five-year performance of two apparel manufacturers utilizing the DuPont Framework and Return on Equity. Then a three- year analysis of common-size income statements will be undertaken to explain changes in income and expenses within each company. Jones Apparel Group (JNY) and Liz Claiborne (LIZ) are the industry leaders in the manufacturing of better clothing, footwear, fragrances, and costume jewelry, and the subject of this analysis.
During the Great Depression, every work place was hit hard and many were out of work. The demand for vehicles declined, and the automotive industry took a hit. Once the Second World War began, the automotive industry was given a push in the right direction, and their vehicle production flourished...
Starting in the late 1700’s, European engineers began messing with motor powered vehicles. By the mid 1800’s, steam, combustion, and electrical motors had all been attempted. By the 1900’s it wasn’t very clear on which type of engine would really power the automobile. At that time, electric cars were the most popular but there were no batteries at that time that would allow a car to move very fast or a long distance. Commercial production in the United States began at the beginning of the 1900’s. In the early 1900’s, the United States had about two thousand firms producing one or more cars.
DMC's potential loss of significant market share in the near and long term, of oil well pumping motors if DMC doesn't respond quickly and effectively to the expected change in motor specs for the industry.
The history of the automobile begins with the technological advances that occurred in the USA with Henry Ford’s Model T. Since then, the automobile market has had its ups and downs, but it has no doubt flourished into an industry that is the cornerstone of many economies. The world economic collapse due to the Great Depression caused consolidation in the manufacturing market. However, after World War II, an expanding highway network fueled by economic growth as well as television advertising spurred sales for car companies in many countries. The globalization of the industry accelerated during the late 1990 's due to the establishment of overseas plants and the merging of large multinational corporations.
The Car Wash industry began to start and grow across the U.S. after the conclusion of World War II. America’s economic rebirth and prosperity created a boom in the housing and automobile industry. What began as a business to satisfy Americans’ love of the automobile has grown over the past several decades into an international industry. From washing one’s car in the driveway with a water hose and bucket of soapy water, to the do-it-yourself, unattended coin operated high-pressure wand locations, to today’s professional car washing businesses which feature complex automatic equipment and technological systems to wash cars more safely and effectively than ...
This case examines issues of asset control for Ben & Jerry’s Homemade, Inc., in light of the outstanding takeover offers by Chartwell Investments, Dreyer‘s Grand, Unilever, and Meadowbrook Lane Capital in January 2000.
While analyzing the data for The Body Shop International case, I noticed some trends and have compiled my assumptions for the next three years. I have compiled pro-forma statements for the fiscal years 2002, 2003 & 2004. These figures are based on the percentage of sales method for pro-forma financial modeling. Simply put, I used the sales figures from the past three years 1999, 2000 & 2001 and applied a growth rate of 13% increase to sales. Below are some additional assumptions that I have created to illustrate how the firm can become profitable while increasing market share and maintaining stockholder interest within the firm over the next three years.
Only in April 2007, there has been a growth of 13,2% with respect to April 2006. The medium high cylinder capacity segment is the one showing highest growth. These data show the great economic potential of the ...
As automobiles sales went up, the demand for fuel led to a more efficient way. In 1914 Standard oil of California opened a chain of 34 gas stations along the west coast. Quickly gasoline pumps were not just being installed at gas stations but at hardware stores, feed companies, livery stables, and a variety of other retailers.
The second way is to achieve low direct and indirect operating costs is gained by offering high volumes of standard products and offering basic no-frills products. Production costs are kept low by using less parts and using standard components. Limiting the number of models produced to ensure larger producti...
The US auto industry was dominated by what is known as the ‘Big Three’, being General Motors, Ford and Chrysler. The big three America auto makers enjoyed market dominance until the