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Hampton Executive Summary
Essay specific features
Written by:
Celia M
Date added:
January 26, 2016
Level:
University
Grade:
A
No of pages / words:
3 / 608
Was viewed:
1512 times
Rating of current essay:
Essay content:
This loan was to be paid back at 1.5% per month and is due at the end of September 1979. This loan was based largely upon forecast sales that Hampton had given to the bank. Over the period from January through August 1979 Hampton sold completed only 73% of their projected sales.
This failure to meet forecast production levels can be attributed to three major factors...
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First, a major component supplier failed to deliver their part on time. This caused Hampton to have seven (7) machines worth $1.32 million completed except for the production of these parts. Second, the company bought $420,000 worth of components over its normal levels of inventory. Hampton expects to cut materials purchases by $600,000 per month for the remainder of the year as a result of this early purchase...
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