...Synopsis Inner-City Paint Corporation started in Chicago in a run-down warehouse by Stanley Walsh. They supply the paint to the immediate inner area. The main product of the corporation is the flat white wall paint; and they create colors only by demand. The company distributes mainly to the small/medium size decorating companies within the city. The company has shown gradual good market group within years. Inner-City Paint has grown from earning $60,000 yearly to now having sales of over $1,800,000 and from beginning with 2 employees to 38 within a 5-year time span. II. Problems At Inner-City Paint problems are seen all throughout the company. The layout of the warehouse is mostly devoted to the manufacturing and storage of paint supplies. Less than 850 square feet is assigned as office space to generate new and current business. The inventory records are not kept and the manger keeps a mental count of what the stock levels are. When items are being shipped they are written out on a lined yellow pad and not documented on a computer or secondary back up. Every record in the warehouse is processed manually. Mr. Walsh the President has many responsibilities that should be expunged to other employees such as, open all mail, approve payments, inspect customer billing, sales and public relations work. He is also the only sales man because he feels that other employees can not be trusted. Having all these responsibilities he has been unable to detach himself from any detail...
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...Case 24 Inner-City Paint Corporation (Revised) I. Synopsis Inner-City Paint Corporation started in Chicago in a run-down warehouse by Stanley Walsh. They supply the paint to the immediate inner area. The main product of the corporation is the flat white wall paint; and they create colors only by demand. The company distributes mainly to the small/medium size decorating companies within the city. The company has shown gradual good market group within years. Inner-City Paint has grown from earning $60,000 yearly to now having sales of over $1,800,000 and from beginning with 2 employees to 38 within a 5-year time span. II. Problems At Inner-City Paint problems are seen all throughout the company. The layout of the warehouse is mostly devoted to the manufacturing and storage of paint supplies. Less than 850 square feet is assigned as office space to generate new and current business. The inventory records are not kept and the manger keeps a mental count of what the stock levels are. When items are being shipped they are written out on a lined yellow pad and not documented on a computer or secondary back up. Every record in the warehouse is processed manually. Mr. Walsh the President has many responsibilities that should be expunged to other employees such as, open all mail, approve payments, inspect customer billing, sales and public relations work. He is also the only sales man because he feels that other employees can not be trusted. Having all these responsibilities he has...
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...C A S E 28 Inner-City Paint Inner-City Paint Corporation is a small company; it is located on the fringe of Chicago. Inner-City’s contain chief product is flat white wall paint sold in 5-gallon plastic cans. It also produces colors on request in 55-gallon containers. Sales have grown from approximately $60,000 to $1,784,080 with a profit of $17,610. Inner-City Paint Corporation employs 35 workers, of whom 25 are part-time employees. Inner city paints experience many strong deep issues include the strategic management to financial control. The company pays their payment quickly while it gives sales in terms of 30 or 60 days which fluctuate the financial situation. The company gets inability to pay the bills and important to keep the production smooth which leads the customer to think before bargaining and losing their confidence. The paint contractors prefer to go to big corporation to do their order because they are not sure will they get their order on time. This view is spreading among his customers. Walsh realizes that he and the company need assistance. He is considering hiring a consultant for a day and purchasing a computer. He also intends to approach a bank for a loan. • Top management The President and majority stockholder is Stanley Walsh. He began his career as a house painter and advanced to become a painter for a large decorating company. Walsh painted mostly walls in large commercial buildings and hospitals and manages the company the same way he did when...
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...C. CAPITAL GAINS AND LOSSES 1. The concept of ordinary assets. Ordinary assets are: 1) Stock in trade of the taxpayer or other properties of a kind which would properly be included in the inventory of the taxpayer 2) Property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3) Property used in the trade or business and subject to depreciation 4) Real property used in trade or business 2. The concept of capital assets. Capital Assets include all property held by the taxpayer whether or not connected in trade or business but not including those enumerated above as ordinary assets. 3. The importance of knowing whether an asset is capital or ordinary. It is important to determine the correct classification of an asset on account of the preferential tax treatment given to gains or losses from sales or exchanges of capital assets which does not apply to the gains or losses from sales or exchanges of ordinary assets. 4. Capital gain * It is the gain derived from the sales or exchange of capital assets. 5. Capital loss * It is the loss incurred from the sale or exchange of capital assets. 6. Net Capital Gain * It is the excess of the gains from sales or exchanges of capital assets over the losses from such sales or exchanges. 7. Net Capital Loss * It is the excess of the losses from sales or exchanges of capital assets over the gains from such sales or exchanges. 8...
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...residents below the poverty line is roughly 3 million more than those residing within inner city neighborhoods. During the 2000s, many low-income families began relocating to suburban neighborhoods, in hopes to remain gainfully employed in the area. As a result of the housing boom, several poor people obtained positions with construction companies in the suburbs and moved from inner cities, to the suburbs. Others were moving to suburban areas to obtain positions (even low-wage) in customer service, retail, and restaurant businesses (Luhby, 2013, para. 6). Once the Great Recession occurred, the suburban poverty dilemma increased, causing construction companies and other businesses to close. Many in poverty were left without jobs and several middle-class families were forced into poverty as well. Some critics believe the suburbs are not suited for the increasing rise of suburban residents in poverty. Most of the $82 billion funding from the government, used to aid those in poverty, is given to cities (Luhby, 2013, para. 7). Therefore, there is a growing concern as to what may happen next. The increase in suburban poverty can raise many concerns and is of great significance to our economy, if we wish to continue growing. Having poor populations on the rise, at such shocking rates, will only be detrimental to our economy and society as a whole. Although many suburban residents gave up their city homes and relocated for employment, they...
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...Summary Buy Them Out! Chuck Wants Poorer Jamaicans Removed From Lands With Rich Potential Published:Wednesday | September 2, 2015 by Daraine Luton The Simpson Miller Government is being urged to consider leading a process of renewal in Jamaica's inner cities by purchasing, on a large scale, property owned by poor people and selling them to developers to build housing solutions for middle-class and affluent people. Delroy Chuck, the member of parliament for North East St Andrew said the State should lead the way in removing the less affluent persons, thus paving the way for development. "It might not be a bad idea for the Government to declare certain depressed areas, especially in Kingston and St Andrew, to be development areas. Take a five acre, buy out the people and let private developers bid in order to put in some housing developments," Chuck said. When Luther Buchanan government member asked what would happen to the people who once occupied the lands in the depressed areas? "You buy them out and they go elsewhere," Chuck said. He continued: "What is happening now is that the private developer is able to buy either one or two acres, and they are putting up apartments and town houses and this ad hoc development is creating havoc in many communities, especially in North East St Andrew." Robinson said Vineyard Town and Woodford Park, for example, had seen their housing stock deteriorate because many residents cannot afford to maintain them. "They feel that the State must...
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...Last summer, Kloss launched her own two-week summer coding camp for teenage girls aged 13 to 18 in New York, Los Angeles and her hometown of St. Louis. She named it Coding with Klossy. Kloss helped pick the candidates, as well as select the teachers, and design the curriculum. The graduates to the camp have gone on to win hackathons and land places at Ivy League universities. In June, the program extended to 12 more cities in the U.S. With plans to go even...
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...Improving the Reputation of Inner-City Paint Corporation Statement of the Problem What strategic step can Stanley Walsh make to improve the situation and reputation of Inner-City Paint Corporation? Objectives To analyze Inner-City Paint Corporation's current situation. To determine the company's strengths, weaknesses, opportunities and threats. To make an industry analysis on Inner-City Paint Corporation. To make a financial analysis of the Corporation. To recommend alternatives that will determine the best solution to the given problem. Alternatives 1. Management Improvement - Mr. Walsh should take up management degree. He needs to learn employee empowerment and delegation. He needs to learn employee empowerment and delegation. The plant manager needs to be trained on leadership since he has no experience in management. He should also start hiring a public relations specialist and a marketing specialist to improve on these two aspects of the business. 2. Facility Improvement - Equipment at Inner-City Paint is three large mixer, two smaller mixers, machines in the lab and the trucks. Mr. Walsh should buy more equipment so that his consumers won't have to worry about their order not being ready. He has enough transportation Equipment. But he should buy some new mixer and more lab equipment. In order to acquire all of this he should take the loan. Recommendation I would recommend the first alternative which is to improve management. Mr. Walsh wasn't trained...
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...iv. S.W.O.T Analysis of Inner City Corporation Strengths - Competitive prices of its products. - Steady growth in its market. - The company's reputation had been built on its fast service; it frequently supplied paint to contractors within 24 hours. Weaknesses - Customers view Inner City as a company that negotiates on price and payment out of desperation. - His plant manager's only experience has been that of a painter. - Operating without management controls or financial controls. - Inability to pay suppliers on time - Poor condition of facilities - All records are processed manually - Inventory records are not kept. - Lack of proper delegation of authority. Employees take turns making paint and driving the delivery trucks. - Unskilled employees. Opportunities - Considering a purchase of a computer to organize the business and reduce needless paperwork. - Consultants who are able to quickly spot problems in business. - The production of color paints Threats - The slowdown in the housing market combined with the slowdown in the overall economy caused financial difficulty for the company. - Walsh manages the corporation today in much the same way that he did when the business began. - Walsh lacked on giving trust to other people. - Rumors abound that the company is in difficult financial straits, that it is unable to pay suppliers, and it owes a considerable sum for payment on back taxes. - Paint contractors are hesitant...
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...Case Abstract 1) Identification a) Facilities: Inner-City Paint Corporation is controlled under one building. An issue arises with the condition, location and size of the building. The building is 45 years old and in disrepair. If this one building collapses for any reason all products, equipment and customer files are destroyed. The building is located on the south side of Chicago. Crimes happen all the time in this area, anything or anyone could easily destroy or steel this company’s property. No room for management expansion in the 850 square foot office space. b) Management: Stanley Walsh is inexperienced when it comes to management. Mr. Walsh opens all mail, approves all payments, and inspects all customers billing. He is a part of every aspect to this business. If something were to happen to him there might be a problem. In the office, only two part-time clerks and Mary Walsh (Walsh’s mother) record all the processes. There aren’t any true management positions. The plant is managed by a man in his twenties with little to no experience. He might not know the right protocols for maintain safety or health concerns.(Why it’s an issue). c) Financial Structure: The company doesn’t have any financial objectives or no goals. The balance sheet implies a large amount of income and expense accounts. Inner-City has a poor repayment plan which doesn’t hold accountability. inquires when payment is made isn’t a good solution for this business. A poor repayment plan. Negative cash...
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...to relate to. Kozol does, however, offer personal accounts from students in poor systems, adding an emotional element to his argument, as well as offering insight into the effect preschool has on preparing students for standardized testing that is prevalent in No Child Left Behind. Kozol begins by providing statistics to show that in several large cities, public schools primarily consist of minority students (black or Hispanic) despite being in integrated neighborhoods “schools like these are not in deeply segregated inner-city neighborhoods, but in racially mixed areas.” (349). Why, then, do these schools remain segregated? Kozol offers no real explanation, but offers the observation that while black and Hispanic children attend school in their integrated neighborhood, white children are pursuing education elsewhere. Kozol offers statistics that include demographics of schools named after prominent African Americans, pointing out enrollment is primarily made up of black and Hispanic students. Kozol notes that an argument can...
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...children are suffering everywhere from their lack of knowledge of how to protect themselves from such harm, as well as the fact that much of the detrimental effects of pollution in children’s health occurs before they are even born, when they are still in the womb. Negative reports of reproductive health in China prompted scientists to look further. The effects of pollution on the development of children in China and America, though different, are comparable. Pollution in China has increased due to the rapid industrialization of the nation in the past 30 years. According to the World Bank reports in 2007, “of the 20 most polluted cities in the world, cities in China account for 16 of them.” And according to Environment and Reproductive Health in China “Air quality in China is among the worst in the world, with air pollution levels in many cities well above permissible limits, and half of the water resources in China are considered too polluted for human use.” (Weihua et al. 2012) Reproductive health in China continues to be considerably negatively affected as industrialization grows. Due to the abundant population in China and the low working wage, China was forced to rapidly grow, using little precautions when it came to...
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...Strategic Management Στέφανος Αλβανός ------------------------------------------------- ------------------------------------------------- Inner-City Paint Corporation (Revised) ------------------------------------------------- by Donald F. Kuratko and Norman J. Gierlasinski Δευτέρα 19 Μαρτίου 2013 Παρουσίαση της επιχειρηματικής μονάδας Inner-City Paint Corporation Υπάρχουσα κατάσταση με μια ματιά Η εταιρεία “Inner-City Paint Corporation” εδρεύει σε μια παλιά μικρή αποθήκη στη νότια πλευρά του Σικάγου από την ημέρα της ίδρυσης της, την οποία υπενοικιάζει (leasing) για τις ανάγκες λειτουργίας της. Ιδρύθηκε πριν από πέντε χρόνια από τον Stanley Walsh και αποτελεί μια μικρή (οικογενειακή) επιχείρηση που δραστηριοποιείται στον κλάδο παρασκευής χρωμάτων οικοδομής, κατασκευάζοντας χρώματα τοίχου (μπογιές) οι οποίες πωλούνται σε πλαστικά δοχεία χωρητικότητας 5 και 55 γαλονιών, αντίστοιχα. Το κυρίαρχο προϊόν της είναι ένα χρώμα τοίχου που πωλείται σε δοχεία χωρητικότητας 5 γαλονιών, το οποίο διατίθεται στην περιοχή του Σικάγου, κυρίως σε καταστήματα διακόσμησης μικρού και μεσαίου μεγέθους. Ο κύριος S.Walsh είναι ο πρόεδρος της εταιρείας και ταυτόχρονα κύριος μέτοχος και ο μόνος που ασχολείται με τις πωλήσεις της (σε όλο τους το εύρος), για αυτό και δαπανά το μεγαλύτερο μέρος του χρόνου του σε αυτή την ιδιότητα. Ο μισθός του είναι 132.000 δολάρια ετησίως. Πέραν του κυρίου Walsh, στην εταιρεία απασχολούνται η μητέρα του, Mary Walsh, ως διευθύντρια με ετήσιες απολαβές...
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...destruction between the city and county of our town. We always referred to it as rival destruction but it had always been clean fun before this year. It had never led to such destruction in the years past. The old neighborhood versus the new neighborhood was a tradition that always resulted in vandalism but nothing to the nature of what we came back to in our inner city neighborhoods the morning after our festive night. The rivalry turned down right dirty and immoral. Rivalry week, as we called it, was the week leading up to the very special Friday night when the Valdosta High School Wildcats would take on the Lowndes County High School Vikings. The students of Valdosta High, which included me, were referred to as the “old hood” and students of Lowndes County High were the “new hood”, since their county suburbs were freshly constructed. People that aren’t from Lowndes County would wonder why some high school football game be so special, until they witnessed this crazy, exciting annual event. Our town’s high school students wouldn’t revolve a whole week around this one night unless it was truly a big deal! Even so, we were afraid that after this particular year, our “big deal” tradition would forever be put to an end. The Thursday night before the big game, our crew of Valdosta Wildcats set out to seize some seriously planned fun of vandalism. We all dressed in black to disguise as we swarmed the houses of our county rivals. Stocked up on toilet paper, silly string, paint guns, forks and...
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...Overview of Theme in William Blake’s London Many are unaware of the systematic abuse that occurs in society. Through the eyes of a young vagabond, Blake uncovers the truths of maltreatment that take place towards the defenceless by the influential powers in society. He highlights those who suffer at the hand of these abusive powers, such as the “chimney sweeper[]s” (9), the “harlot[]s” (13) and the “soldier[]s”(11). As the speaker wanders through the streets of inner city London, he tells of the repression he sees in those he meets as they endure the abuse of those who are supposed to be improving society. Among those criticized for their heedless actions are the church, the state and the crown. Blake condemns the actions of those who contribute to the injustice and warns of the consequences should it...
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