Jones Electrical Distribution Electric Suppliers Finance Essay

Jones Electrical Distribution Electric Suppliers Finance Essay Introduction Jones Electrical Distribution is an Electrical company which has predicted that sales for the company will increase. However, over the years the company has experienced some difficulties in its cash flow and decided that in order to keep the company in operation, it was evident that additional financing would be needed in the form of a loan. However, the loan limit for borrowing could not have exceeded $250,000.00. This amount was the maximum limit their local bank, Metropolitan would offer to any company. It must be pointed out that from the inception of Jones Electrical, Metropolitan Bank was the only financial provider used by the company. In light of the foregoing, Jones had to seek alternative financial assistance from another bank Southern Bank and Trust. The credit line offered Jones Electrical a loan would be in the amount of $350,000.00, $100,000.00 more than what Metropolitan would have offered. Jones Electrical needed to decide which loan will be more beneficial, less ris ky and the least expensive for the company. They needed to consider the proposition of receiving the loan from Southern Bank Trust as opposed to remaining with Metropolitan Bank. Another issue arising from the case is the way in which Jones Electrical did its operations. He had over 100 suppliers from which he credited inventory, and he paid his accounts within the 10-day period in order to benefit from a 2% trade discount. The industry being large, fragmented and highly competitive, Jones Electrical had to decide whether they needed to restructure their companys operation and expand same and also what financial decision that had to be made for the continued operations of the Company. Jones Electrical would have much limitations with respect to borrowing from Southern Bank and Trust such as; additional investments in fixed assets could only be made with prior approval of the bank, consumption of the credit line would have a limit of $350,000 of Accounts Receivable and 50% of Invento ry and also, there will be limitations on withdrawals of funds from the business by Jones. Should Jones accept the loan from Southern Bank and Trust, his relationship with Metropolitan Bank will have to be will no longer. (Piper and DeVolder, n.d). A number of factors would be discussed later on in this case which include the financial projections of Jones Electrical. In addition, Jones financial statements will be analyzed and we will also look at the sustainability growth for this small company. The cash flow of Jones Electrical will also be addressed in this case. Problems faced by Jones Electrical Distribution Jones Electrical needs to decide whether or not it will accept the offer of the loan from Southern Bank and Trust or from the Metropolitan Bank. The company needs to maintain its sales, needs to expand, satisfy its liabilities but would need funding in order to do so. Some main problems identified in the case: Jones bought Dave Verdent, his former business partner out for $250,000. 00. His repayment plan was a $2000.00 per month with 8% interest per annum. The interest rate he is paying is relatively high and this means it will take Jones over ten years to repay this loan with an interest payment in excess of $200,000.00 in interest only. Therefore Jones will have to pay approximately $458,400.42 in interest and principal. This occurred because of a fallout Jones had with his partner Dave Verdent over the aggressive growth of the business, which has put the company in financial debt because Jones has to repay Verdent in full for buying out the company. From the financial information provided in the Balance Sheet of Jones Electrical Distribution it shows that there was an increase in accounts receivables, inventory, property and equipment. This increase would permit an increase also in liabilities and equity to be able to finance the aforementioned assets. On the other hand, the balance sheet also shows in increase in accounts payable, line of credit payable and accrued expenses. The above increases would therefore warrant financial assistance from the Bank for the expansion of the business. Another issue is that Jones Electrical had to resort to approaching the bank to receive a loan for his company in order that his business would grow profitably, to develop with respect to opening other locations and to survive on a highly competitive market. Jones needed to make a decision whether he should receive a loan from Metropolitan Bank or from Southern Bank and Trust. If Jones decide to go with Southern Bank and Trust, there will be implications which were mentioned earlier (additional investments in fixed assets could only be made with prior approval of the bank, consumption of the credit line would have a limit of $350,000 of Accounts Receivable and 50% of Inventory and also, there will be limitations on withdrawals of funds from the business by Jones. Should Jones accept the loan from Southern Bank and Trust, his relationship with Metropolitan Bank will no longer be. He needed to weigh his options between the two banks. Competition in the market: Jones Electrical was faced with a lot of competition from national distributors, home centers and other small supply house. The industry was a very large and fragmented one, and despite the competition, Jones Electrical was able to increase its sales; however, Jones was still in a position where he needed to inject some cash into the business. Solutions or Recommendations Jones should accept the loan from Southern Bank and Trust, since he will be receiving more funding. The funding from Southern Bank and Trust was more that what the company would have received from Metropolitan Bank. Although, the requirements of Southern Bank and Trust Bank seem to be rigid, the more monies that he receives can however be used in the firms expansion as well as paying off some of the companys liabilities. As a result, Jones will be allowed more flexibility in the operations of the business. He will then be able to increase his assets in the form of inventory and capital, which in turn will result in his business being in a better position to finance its operations. In addition, Jones Electrical will be able to benefit from the trade discounts which are offered by his suppliers because this arrangement would allow him to pay his creditors. With respect to the early payment discount of only 2%, it is advisable that the Company, continue to credit its supplies and make alternative arrangements with respect of repayment to its suppliers. The company needs cash and the discount of the 2% does not put the company in a better financial position. It is always important to inject equity so that your company will be able to increase its assets, which will eventually lead to an increase in sales and revenue. Another issue is that with respect to the proposed growth of the company, Jones had predicted forecasting in sales to increase significantly therefore the urgent need for a very large cash flow into the company would help significantly. Evaluate solutions Pros Cons Should Jones Electrical decide to accept the loan from Southern Bank and Trust, it will receive funds to be able manage and expand its operations and pay off his debt. A loan is a liability and this will mean the firm will have another expense to pay at the end of every month. Benefits from trade discounts offered by his suppliers. He can use this opportunity to get discounts from his suppliers. Trade discounts can have a negative impact in that if Jones does not stay within the time frame in paying for his goods. With the increase in bank borrowing, this can contribute to a number of aspects. One main aspect is the increase in sales, which in turn will result in increase revenue. Increase in bank borrowing can result in a decrease in cash flow. As stated earlier, Southern Bank and Trust has limitations in borrowing money from them. Conclusion With respect to the various financial data presented in this case, Jones Electrical forecasts predicted that its sales would increase with favorable prospects and at the same time the company was in dire need of a significant cash inflow. It is however advisable that Jones Electrical accepts the offer made by Southern Bank and Trust despite the specific restrictions that would be placed on the Company. This offer would provide for long term financing of the company and as a result the limitations with respect to borrowing would eventually be removed, thus enabling the Company to utilize the credit line specifically if it foresees forecast would be favorable. The credit line offered by Southern Bank and Trust would be significantly more than what Metropolitan would ever offer. Eventually, this budding financial relationship between Jones Electrical and Southern Bank and Trust would enable Jones Electrical to even borrow much more than what they would have been offered initially. Jones now will be able to be more flexible with its business decisions with respect to expansion.

Computer Architecture Essay

1. Describe Von Neumann architecture and explain why it is important. The Von Neumann architecture explains the architecture of an electronic computer. It is attributed to be root of every electronic computer that has ever been made. According to Von Neumann architecture an electronic computer has Control Unit, Arithmetic Logic Unit, Memory & Input / Output Devices. The following diagram shows this architecture:- Memory: – Memory holds both data and the instructions. Control Unit: – The Control Unit manages the movement of data and instructions in and out of the memory and also deals with sequential carrying out of the programs. Arithmetic Logic Unit: – Carries out all the calculations on the data. Apart from operations like addition, subtraction etc, ‘greater than’, ‘less than’ etc would also be provided. Input / Output: – Input/output devices to feed into the data and take out the data. This component served interaction with the human who was operating the device The most basic principle of development of Von Neumann architecture was that it not just stored the data and the computation that was involved; it also stored the set of orders and instructions that had resulted in the computation. The entire set of instructions were stored in what is called as ‘registers’ and the control unit used to process this in a sequential manner – which means one at a time. In this architecture the instructions were encoded into numeric form and the data as well as the instructions were then stored in the memory. The Von Neumann Architecture is important because it led to the development of the earliest computers. Even the computers we see today, that are fifth generation and have a drastically different architecture, draw their parallels from Von Neumann Architecture. Obviously there has been lot of improvements. However, the base of having memory, control unit, input / output devices still remains integral to all the machines. Von Neumann architecture can hence be easily regarded as mother of all computer architectural designs. 2. Explain what a system bus is and why it is needed. The system bus is the pathway over which the data travels between the CPU and the rest of the components on the motherboard. The system bus speed is defined as the capacity to move the data through the system, as it is the speed that connects the different parts of the system. The front-side bus (FSB) is that part of the bus which is responsible to carry the data between RAM and the CPU. FSB is the part that usually has the greatest effect on the performance of the system. A system with high-performance processors and components would need to have a fast front-side bus. Bus speed is quite important and can have a significant impact in the performance of the machine. The data in a system is stored, manipulated and processed in the system memory. The system needs to move this information in and out of memory, and at the same time, a track of which data is stored at which location need. This entire info travels using the system bus. If the bus speed is low, there will be a very low transmission data speed, leading to the computer working very slowly. We know that in all the modern systems that we use, the processor is running at a speed that is much faster than the memory bus. If we compute the ratio of processer speed to bus speed (something called as bus multiplier), we will find that the lower the multiplier the better it is. If the multiplier is large, it would mean that the bus speed is slow as compare to the processor speed, in which case the processor will remain idle. On the other hand, if the bus speed is higher, then more data can be fed to the processor resulting in lower latency (time to start a request). 3. Summarize the use of Boolean operators in computer-based calculations. Boolean Operators are the most popular operators used for computer based calculations. Boolean operators are simple words (AND, OR, NOT or AND NOT) which are used to carry out these calculations. Together, these keywords help in finding, joining or excluding a particular keyword in a search and hence arrive at results efficiently. These operators and their use can greatly help in saving time by doing searches for getting to ‘on-target’ results – which are more relevant and accurate to the questions/needs that are posed. Every different search engine makes use of Boolean operators in varying fashion. While doing Boolean based calculations, a lot of proximity operators can be used to combine strings which can then help with the search. A brief overview of various operators is given below:- AND This Boolean operate requires both the terms to be in each item returned. For example, if only one of the term is contained in the document and the other is absent, the item is excluded OR This Boolean operator would return either term (or even both the terms) NOT While using this Boolean operator, the first term is searched, and then any records containing the term after the operators are subtracted from the results. Using Parentheses to include different strings will help in giving more customized and accurate results for the operation. 4. Categorize the various types of memory and storage. Computers need to have a storage space and memory units to store information and to run programs. There are various types of memory and storage, with various specifications and different purposes. These different types of memory and storage are:- Random Access Memory (RAM) RAM stores the data on a temporary basis, and as such it can be quickly/promptly accessed by the processor. This information, which includes both the application data and the data related to operating system, is loaded from the hard disk of the computer. The catch however is that as soon as the system is switched off, all the stored information is lost. Read Only Memory (ROM) Unlike RAM, ROM is active, even if the system is turned off – thus making it somewhat a permanent non-volatile storage memory. The contents of ROM cannot be modified. ROM has all the data which should be present so that the computer can carry out the normal functions.. Cache Cache is a more responsive memory than RAM. The CPU, in case of Cache, for finding the required information the CPU first searches the cache memory before searching the central memory storage area Computer Hard Drive This has a set of devices that are integral components of data storage components in the CPU. This particular memory has different ranges and a particular user may chose the size of the memory. The hard disks can store a very large amount of information, including photos, videos, music, documents, programs and more and this memory remains even after your computer is turned off. External hard disks An external hard disk is a great way to store more digital photos, videos, music, and other large files. It can add huge volume to the storage space on your computer’s internal hard disk. Flash Memory Unlike the other storage and memory options, this is a portable storage and felicitates a convenient data transfer between two computers. Easy deletion and re-programming of data is possible as per the user’s requirements. References Backus, J. 1978. Can programming be liberated from the von Neumann style? A functional style and its algebra of programs. Communications of the ACM 21, 8, (August), 613-641. Myers, G. J. 1982. Advances in Computer Architecture. John Wiley & Sons, New York. von Neumann, John (1945), First Draft of a Report on the EDVAC, retrieved August 24, 2011 Linda Null; Julia Lobur (2010). The essentials of computer organization and architecture (3rd ed.). Jones & Bartlett Learning. pp. 36,199–203. ISBN 978-1-4496-0006-8.

The Effects Of Globalization On Contemporary And...

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The War I And World War II - 1195 Words

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