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Davis Boatworks
Essay specific features
Written by:
Mike M
Date added:
November 1, 2015
Level:
University
Grade:
A
No of pages / words:
14 / 3713
Was viewed:
9680 times
Rating of current essay:
Essay content:
The company had focused on the manufacturing and sales side of business for years. The company was basically run out of a checkbook and there were no formal accounting controls until John Altizer was hired as the CFO.
The sport fishing boat industry in 1999 was booming and Davis Boatworks had more orders than their current manufacturing facility could handle...
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An expansion of manufacturing facility would cost then $3 million. They also needed an infusion of $2 million to improve their net working capital. In order to achieve this Carson Davis was contemplating selling part of his stake in the company to an investor. Most of Carson Davis's personal wealth was tied up in Davis Boatworks as equity...
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