Business and Operating Characteristics:.
The company was established in 1920 to do contract printing of commercial calendars. Operations had been profitable since 1932 and sales increased every year since 1955. The compounded growth rate for the past five years has been 7%. Its expected growth is 5-6% per year. In 1984 standard desk calendar pads had contributed 80% of net sales and 90% of earnings before taxes. The company has high fixed costs since production is highly automated. John M. Case Co. holds 60-65% of calendar market. However, cutting production costs is imperative in order maintain the company's dominant market share. Since customers can easily predict their needs for products, production is usually accurate.
Financial Characteristics:.
John M. Case Co. is characterized by high fixed costs, high setup costs, and low variable costs. Its sales are highly seasonal (90% between June and December) but it operates under level production in order to drive costs down. Most sales are from customers who have placed prior orders (95%). The return on average invested capital in 1984 was around 20%. The company offers modest purchase discount in order to accurately predict production amounts since any over-production will result in an obsolete product. The average collection period was 60 days. The company operates with all-equity capitalization but maintains a $2 million line of credit at a major Eastern bank. Over the past three years the dividends averaged 70% of net earnings. The Case Company's credit with suppliers was excellent.
Immediate Problem:.
John M. Case, sole owner of the company has decided to retire and sell his business. He is asking for $20 million with a minimum of $16 million in cash immediately. Case has agreed to hold off on selling the company for six weeks so that his employees can make a purchase proposal. Anthony Johnson, the vice president of finance, along with three other employees, are attempting to raise the $16 million cash upfront payment while maintaining management control.
WATERGATE President Ricmard M. ... The chief witness in the case would turn out to be Nixon's own former counsel, John W. ... Among them were: Domestic Council Chief John Enrlichman, White House Chief of Staff H.R. Haldeman, and Attorney General John Mitchell. ... After reviewing everything, in July, 1974, the judicial committee recommended that President Richard M. ...
The aim of the article is to bring forth an argument suggesting that there was not only a religious divide during this period but also, in some cases, a much larger debate regarding the rule of women in British society and looks at reasons and events to why this common view may have been politically adopted. ... In the article, Jordan attempts to question whether many contemporaries at the time of the Tudor monarchs in the sixteenth century were cautious of womanly rule such as the protestant John Knox, Christopher Goodman or John of Sailsbury, or whether some embraced the idea such as the pro...
The primary goals of this report is to explain the mission and purpose of the program, to give you an overview of the program, to explain the spacecraft used in the program, and to give flight summaries. ... (Mercury 1) The first Mercury spacecraft was a single-passenger, cone-shaped capsule, 2 m (9.5 ft) long and 1.9 m (6.2 ft) in diameter, with a 90-cm (35-in) long cylinder mounted on top. ... Fastened to the cylinder was a 5.8-m (19.2-ft) long escape tower designed to separate the spacecraft and its astronaut from the rocket in case of launch failure. ... Mercury-Atlas 6 was flown...
They have the credentials attesting to their superb technical skills; more often than not this is the case. ... Philosopher John Dewey said, "Education must be reconceived, not as merely a preparation for maturity (hence our absurd idea that it should stop after adolescence) but as a continuous growth of the mind and a continuous illumination of life." ... The fact is, I"m financially stable (although far from what is commonly considered rich), I love my job, and status to me is a secondary factor that should not be achieved until one has achieved personal satisfaction. ... In summary I'...
The emphasis is on research involving case studies and teaching professionals the dos and don"ts, best practices and lessons learned from practitioners in global organizations. ... The journal's core objective is to publish articles, case studies and briefings that are of the highest intellectual standards and of direct relevance to practitioners. ...
