There are three typos in reference to timing: Page 2, paragraph 2, sentence 2 should read: The
Fantastic news! We've Found the answer you've been seeking!
Question:
- There are three typos in reference to timing:
- Page 2, paragraph 2, sentence 2 should read: The business’s success was such that in August 2006, BIS purchased…..
- Page 3, paragraph 4, sentence 1 should read: If the loan was approved, principle payments would be $40,000 each year, beginning February 1, 2008, and….
- Page 6, Exhibit 3, footnote 2 should read: Balance owing on a truck purchased in 2001. Loan was repaid in April 2007.
Transcribed Image Text:
BODIE INDUSTRIAL SUPPLY INC. Je Hanvey revised this case (originally prepared by O. Richardson. D. G. Burgoyne and A Humphrey under the supervision of Ekzabeth MA Grasby solely to provide muter for class discussion The auors do not intend to ustrate ether eflective or inefective handing of a managerial stuation The authors may have diaguised certain names and other identilying information to protect confidentiaity. vey Management Servces prohibita any form of reproduction, storage or tansmital wthout ts writen permission This material a not covered ander authorization from CanCopy or any reproduction nights organization To order copies or request permission to Westem Ontario, London Ontario, Canada. NA KT: phone (S1 061-320 fax (519 6er-3882: e-mal casevey o.ca Cooriat 200. Mananert Senice It was late October 2006 when Brad MacDougall, acount manager at the Canadian Commercial Bank (CCB) in Barron, Ontario, reviewed a loan request for S200,000 from Liz Bodie. As owner of Bodie Industrial Supply Inc. (BIS), a distributor of commercial-grade tools, parts and equipment, Bodie requested the long-term lean to cover constraction costs associated with a major expansion to BIS's warchouse. BIS was currently operating without a line of credit, and MacDougall wondered whether the business could generate enough cash to cover its expenses, including the new loan payments. MacDougall had to be thorough in his analysis because he knew Bodie was relying on financing from the bank for the expansion. COMPANY BACKGROUND In 2003, Liz Bodie purchased the business from its previous owner and changed the company's name to reflect its new ownership. Prior to acquiring the business, Bodie had worked for a variety of different companies, including one of BIS's current metropolitan-based competitors. During those years, it was Bodie's long-term ambition to operate her own business. Her first entreprencurial venture was a franchised retail hardware store that she operated for several years before selling it to acquire BIS. Drawing on her work experience, Bodie expanded BIS into a full-service distributor of top-line, brand name, new and used certified machine tools, maintenance parts and related equipment for the construction, utility and farming markets. The company strove to uphold its reputation as the single source for all industrial equipment needs. Although BIS conducted business country- wide, BIS's hometown of Barron, approximately 100 kilometres northeast of a large metropolitan city, was currently the largest and fastest growing industrial centre in its region BODIE INDUSTRIAL SUPPLY INC. Je Hanvey revised this case (originally prepared by O. Richardson. D. G. Burgoyne and A Humphrey under the supervision of Ekzabeth MA Grasby solely to provide muter for class discussion The auors do not intend to ustrate ether eflective or inefective handing of a managerial stuation The authors may have diaguised certain names and other identilying information to protect confidentiaity. vey Management Servces prohibita any form of reproduction, storage or tansmital wthout ts writen permission This material a not covered ander authorization from CanCopy or any reproduction nights organization To order copies or request permission to Westem Ontario, London Ontario, Canada. NA KT: phone (S1 061-320 fax (519 6er-3882: e-mal casevey o.ca Cooriat 200. Mananert Senice It was late October 2006 when Brad MacDougall, acount manager at the Canadian Commercial Bank (CCB) in Barron, Ontario, reviewed a loan request for S200,000 from Liz Bodie. As owner of Bodie Industrial Supply Inc. (BIS), a distributor of commercial-grade tools, parts and equipment, Bodie requested the long-term lean to cover constraction costs associated with a major expansion to BIS's warchouse. BIS was currently operating without a line of credit, and MacDougall wondered whether the business could generate enough cash to cover its expenses, including the new loan payments. MacDougall had to be thorough in his analysis because he knew Bodie was relying on financing from the bank for the expansion. COMPANY BACKGROUND In 2003, Liz Bodie purchased the business from its previous owner and changed the company's name to reflect its new ownership. Prior to acquiring the business, Bodie had worked for a variety of different companies, including one of BIS's current metropolitan-based competitors. During those years, it was Bodie's long-term ambition to operate her own business. Her first entreprencurial venture was a franchised retail hardware store that she operated for several years before selling it to acquire BIS. Drawing on her work experience, Bodie expanded BIS into a full-service distributor of top-line, brand name, new and used certified machine tools, maintenance parts and related equipment for the construction, utility and farming markets. The company strove to uphold its reputation as the single source for all industrial equipment needs. Although BIS conducted business country- wide, BIS's hometown of Barron, approximately 100 kilometres northeast of a large metropolitan city, was currently the largest and fastest growing industrial centre in its region
Expert Answer:
Answer rating: 100% (QA)
BODIE INDUSTRIAL SUPPLY INC is a full help merchant of top line brand name new and utilized confirme... View the full answer
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date:
Students also viewed these accounting questions
-
AKA Bhd (AB) is a medium sized manufacturer of automobiles body kits with an average annual turnover of RM730, 000. Located in Seberang Perai Industrial Park, Penang, its fiber range of products...
-
Skillings Industrial Chemicals, Inc., operates a refinery in southwestern Ohio near the Ohio River. The companys primary product is manufactured from a chemical process that requires the use of two...
-
DOLAN INC is a large multinational conglomerate operating predominantly in the USA, the UK, and Hong Kong. They have both ordinary and preference shares listed on each of the major stock exchanges....
-
Social welfare is maximized when O Total social benefits have been maximized O total social costs have been minimized O total social costs equal total social benefits O marginal social costs equal...
-
Bing Corporation can buy a car for business use for $40,000 (including tax, license, and title fees) or it can lease an identical car for $450 per month, paying $2,100 up front for tax, license, and...
-
Consider fully developed axisymmetric Poiseuille flowflow in a round pipe of radius R (diameter D = 2R), with a forced pressure gradient dP/dx driving the flow as illustrated in Fig. P4109. (dP/dx is...
-
Determine the resultant internal loading on the cross section through point C of the pliers. There is a pin at A, and the jaws at B are smooth. 20 N -120 mm- 40 mm 15 mm- 80 mm 30 20 N B
-
Mascot Ascots, a retailer of collegiate neckwear, has completed the sales forecast for the coming year. Mascot Ascots maintains an ending inventory level of 65 percent of the following months cost of...
-
Given the following annual returns for Stock ABC, what does a $3,000 investment grow to over the 5-year period? Year 1: 15% Year 2: 20% Year 3: 25% Year 4: 15% Year 5: 15%
-
The worm shaft shown in part a of the figure transmits 1.2 hp at 500 rev/min. A static force analysis gave the results shown in part b of the figure. Bearing A is to be an angular-contact ball...
-
The compound below shows 1 single resonance peak in carbon and proton NMR spectra. Provide an explanationusing resonance. Use illustrations and provide a clear statement to support this statement
-
Define and describe the processes of project communication management according to the extract above. Describe the meaning of communication to implemented projects and what the project managers must...
-
3. The Reel Good Cinema is conducting a mathematical study. In its theater, there are 200 seats. Adult tickets cost $12.50 and child tickets cost $6.25. The cinema's goal is to sell at least $1500...
-
Bob is doing a quality test on machine bolts. He tested 24 bolts that he randomly picked and found that 5 were defective. base on bobs results, what is the expected number of bolts that will be...
-
Review the article "Internal Communication in Global Project Teams" by Bizjak and Faganel (2020). Clearly identify the distinction between the process and role of internal communication within global...
-
Examples of communication designs What kind of simulation or communication design would help a private company that is disconnected from the local consumer? What kind of simulation or communication...
-
Two people are painting a house. One person can paint the house by himself in 6 hours. The other person can paint the house by herself in 9 hours. How long will it take them to paint the house...
-
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
-
Is it possible for taxpayers to pay tax on more income than they actually earned over a period of years? Explain.
-
Explain the difference between income from property and a gain on the sale of capital property.
-
A Ltd. and B Ltd. are partners in the Triple M partnership. A Ltd. and B Ltd. share equally in the income or loss of the partnership annually. The partnership earned business income of $100,000 and...
-
Show the details leading to the equation (1.52) in the text, \[D_{\mathrm{AA}}=\frac{1}{3} \bar{c} \lambda\] where \(D_{\mathrm{AA}}\) is the self-diffusion coefficient.
-
Estimate the thermal conductivity of water if the speed of sound in water is \(1498 \mathrm{~m} / \mathrm{s}\). Compare your answer with the experimental values.
-
For most liquids other than water and substances with polyhydroxy groups, the thermal conductivity decreases with an increase in temperature. Water shows an anomalous effect. The conductivity, \(k\),...
Study smarter with the SolutionInn App