...Thomas Money, Inc. Business Plan Rebecca Summey-Lowman University of Phoenix Fred Bell April 16, 2012 Thomas Money Business Plan Challenges are not new to Future Growth Incorporated (FGI). In fact, the company's success is largely attributable to its ability to navigate changing economic conditions over the past 70 years. In 1940, FGI, known then as Thomas Money Inc., began as a consumer finance company, granting small loans for household needs. Within five years, the company expanded its services, offering business and commercial real estate loans, and business acquisition financing. Six years after its inception, the company made a pivotal decision to diversify its core business by branching into equipment financing. A subsidiary, Future Growth, Inc. was established. FCI capitalized on the rapid growth of the construction and forestry after the end of World War II and purchased a manufacturing company. This allowed the company to build, sell, and finance their own brand of building and forestry equipment. To focus on this new business strategy, the company stopped financing other brands of equipment. These tactical business decisions reaped huge financial rewards. The company's profits steadily increased and never had a reduction in the workforce. Stocks soared from $5 to $85.60 with six stock splits from 1975 to 1998. The Current Economic Condition The downturn in the economy has caused a 30% drop in new home sales. Economists are predicting additional declines in the construction...
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...Existing Good or Service Business Proposal Thomas Money Service Inc. University of Phoenix ECO 561 September 5, 2011 Existing Good or Service Business Proposal The Thomas Money Service, Inc. is a consumer finance company that has been granting loans and financing since 1940. Within the first five years the company expanded its business when it began “issuing business loans, business acquisition financing, and commercial real estate loans” (University of Phoenix, 2011, p. 1). By 1946 the company expanded to include equipment financing by creating a subsidiary named Future Growth Inc. (FGI). Due to increased demand in forestry and construction equipment in 1951 FGI purchased a manufacturing company so that the company was able to offer financing as well as their own brand of construction equipment. Over the past 67 years, FGI has held a monopoly on financing and manufacturing construction equipment and has seen only increased profits year after year. FGI has also never had to lay off any of its employees. “This track record has allowed their stock to grow from $5.00 to $85.60 with stock splits from 1975 to 1998. FGI has never issued bonds, and the present stock value is $35” (University of Phoenix, 2011, p. 1). Unfortunately, with the current economic downturns, natural disasters, and a decline in new-home sales, profits for FGI began to decline by 30% from the previous year. Due to the decline in production, the...
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...Thomas Gentry Thomas Money Service Inc. and FGI Finance Business Proposal Economics/561 Instructor William Kutza May 27, 2013 Business Proposal for Thomas Money Service Inc. The proposal recommendations to analyze the situation at Thomas Money Services Inc. and FGI Finance attributes and introduction a plan to improve existing goods and services. The recommendation suggests applications for increasing revenue, maximizing profits, achieving ideal production levels, determining fixed and variable costs, and identifying methods to reduce the costs. The business proposal will establish that it is in the best interest for both clients and consumers. The current economy has been declining which has driven Thomas Money Service Inc. to find other methods to stabilize their profits, reduce loss, and help to gain or maintain market share. Thomas Money Service Inc. has been hit by the slow economy and the decease in the homebuilding market. The business proposal model will help Thomas Money Services Inc. to put in place applications to increase revenue, profit maximization quantities and to establish a mix of pricing and non-price strategies with low marginal cost and revenue theories. These applications will offset the negative impact of the decease in the homebuilding market. The business proposal presents methods to overcoming barriers to entry in to the market, how to increase product differentiation, how to input applications that will show potential cost savings...
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...Thomas Money Service Inc. established in 1940 with the intent of providing small loans for household needs. The success of the company has led them to expand their services which include business loans, business acquisition financing, and commercial real estate loans. In 1946 Thomas merged with a company that specialized in equipment financing called Future Growth Inc. This merger, although was a risky move was a proven success for The company as they became a competitive company in forestry and construction industry with an advantage in the market. For over 67 years, the company has seen continual growth and financial success. Because of the current economic conditions this past year the company is experiencing significant losses in their stock values and as a result the company has to layoff some employees. Massive flooding, forest fires, animal activist protesters in addition to the economic crisis are all reasons why the company is experiencing a 30% loss in sales from the previous year. Based on the loss in sales and other rivals in the equipment manufacturing industry that can offer substitutions Thomas Money Service Inc. has requested an analysis of the situation to determine the way ahead on how he can turn the company around and re-establish his status in the industry. The intent of this proposal is to provide a recommendation on how the company can increase revenue, achieve ultimate production levels, determine how fixed and variable costs can be adjusted...
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...Thomas Money Service Inc. Revised George Rodriguez ECO/561 February 25, 2013 Fred Tadros, Ph.D. Introduction Thomas Money Service Inc. is a company that has been in business since 1940. The business started as a consumer finance company providing small loans for household needs. With time, Thomas Money Service Inc. expanded its business and grew into a company that was providing its services by issuing business loans, providing business acquisition financing, and commercial real estate loans. In 1946, Thomas Money Service Inc. decided to branch out into equipment financing creating a subsidiary named Future Growth Inc. (FGI). This changed turned out to be very profitable because it was after the end of World War II were society had a demand for construction and forestry equipment. FGI had been able to see increased profits throughout the years, even through difficult times; however, with the current global downturn has caused the American economy to suffer. As a result of the current economic situation, FGI has seen a 30% drop in sales, and have had a reduction in the work force. FGI’s market structure is based on facilitating forestry equipment. Since this was a success, FGI incorporated a new into its business model the build, sell, and finance of its own products and ceased the support and financing of other brands. This paper will discuss how to increase FGI revenue, determine the profit-maximizing quantity, how to utilize the concepts of marginal cost and...
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...Revised Business Proposal ECO/561 February 13, 2012 Revised Business Proposal Background Thomas Money Service Inc. began its operations in 1940 as a consumer finance company granting small loans for household needs. By 1945 TMS had expanded its services to include business loans, business acquisition financing, and commercial real estate loans. The following year, the company branched out into equipment financing through a subsidiary named Future Growth Inc. (FGI). The company’s decision was made at just the right time. The end of World War II brought about an increasing demand for construction and forestry equipment and paved the way for the company to purchase an equipment manufacturing company in 1951. The manufacturing company allowed FGI to build, sell, and finance their own brand of building and forestry equipment. At the same time, FGI made the decision to discontinue financing other brands of equipment. The company continuously increased profits year after year for 67 years. Even economic downturns did not slow them down and FGI continued operations without laying off a single worker. The value of the company’s stock grew to $85.60 from $5.00 and experienced six stock splits from 1975 to 1998. The present stock value is $35. A recent global downturn in the economy has affected the industry. Several forestry states including Oregon and Washington have encountered flooding, massive fires, and protests from animal activists. The effect of these disasters affected...
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...Business Proposal for Thomas Money Service Inc. Thomas Money Service Inc. has been in business since 1940 and provides a wide array of financial services for both individual consumers and large businesses. Thomas Money Service Inc. branched out in 1946 to include also a financing subsidiary called Future Growth Inc. (FGI) that specializes in equipment financing. The current global downturn, Thomas Money Service Inc. and FGI must restructure its operations and broaden its financial services for profit-maximization. This paper will identify how Thomas Money Service Inc. and its subsidiary FGI can improve its finance services for consumers and how its elasticity of demand and market structure can be analyzed to increase consumer spending. This paper will include ideas for increasing revenue, determination of the profit-maximizing quantity, how to use its marginal cost and revenue to maximize profit, non-price and pricing strategies, creation of barriers to entry, and product differentiation. How to Increase Revenue Thomas Money Service Inc. and FGI discontinued equipment financing of other brands of equipment when they began manufacture of their own equipment brand, Thomas Money Service can start cross-selling equipment financing to expand to other consumers and to give their current consumers more purchasing and finance options. This strategy will allow FGI to outpace competition by the development of new business opportunities, sales growth, increased revenue...
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...Managerial Analysis Sherry Perry ACC/561 October 28, 2013 Norberto Torres Managerial Analysis Ideal management is considering Activity-based Costing (ABC) to absorb its increasing Research & Development (R&D) costs that have been spiraling uncontrollably. Ideal R&D Department has only provided in-house services to its manufacturing departments, but Ideal management is considering outside R&D support to other manufacturing firms that have requested support to help with the R&D costs. To accomplish this goal, with an activity based costing (ABC) system, which is a two-step process, first we need to identify the activity cost pools. This is an essential task to identify the tasks performed to produce a product or perform a service. All activities must be documented. In the case of Ideal, for just the R&D Department, four cost pools have been identified; they are Market analysis, Product design, Product development and Prototype testing. The next task is to determine the annual overhead costs for each cost pool. The annual costs for each pool are as follows; Market analysis: $1,050,000, Product design: $2,350,000, Product Development: $3,600,000, and Prototype testing: $1,400,000. The next step is identifying cost drivers within each cost pool. One cost driver has been identified for each cost pool. Once the amount for each driver is calculated, the annual overhead cost for each cost pool is divided by the cost driver for that cost pool to determine...
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...“The Rocking-Horse Winner”, particularly the climax of each story, illustrate a powerful preoccupation with the ruining of lives because of a desire to control the material world. Outline: I. Introduction--thesis statement as well as introductory material regarding the two texts to be referenced. II. The Destructors--a discussion of Greene’s story a. major plot points from the story b. T.’s impulse to control the material elements of the house c. the obsession with materialism and its effect on Mr. Thomas’s life III. The Rocking-Horse Winner--a discussion of Lawrence’s story a. major plot points from the story b. the obsession with wealth, materialism, and the need to make more money within the family c. the effect that this obsession had on the children of the family, particularly Paul who would ultimately pay for this obsession with his life IV. Conclusion--tie together the impulse to control material objects with the deleterious effects experienced by characters at each story’s climax Materialism and the Shattering of Lives in Greene’s “The Destructors” and Lawrence’s “The Rocking-Horse Winner” The preoccupation with materialism can take many different forms in society and literature. An examination of Graham Greene’s “The Destructors” and Lawrence’s “The Rocking-Horse Winner” illustrates this point. In both short stories, the climax of each story highlights the disastrous consequences...
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...Schaff English 12 2/28/14 Misconduct of a professor Professor Laurence Thomas at Syracuse had informed his students that if he caught any one of them texting or any other kind of misconduct; that he would leave the classroom. With that said, one of the students that sat in the front row of the classroom was caught texting. Once the professor saw, he immediately walked out of the classroom without a word said. Later on emailing his students, explaining to some extend why he left as well as leaving some comments that students found controversial. It was wrong of the professor to leave the classroom and cancel classes just because of some small issue. In the professor’s email that he sent to his students, he stated that the student whom sent the text message in class was Cuban. And that two other Latino students that had started playing tic-tac-toe in class the year before. By stating the fact that in both incidents where he has walked out on the class, it has been because of Latino students. This shows that the professor might have a bias feel towards Latino students. Racism is being showed against a certain race; even though he states that he is a “minority scholar himself”. Thomas also says that he is both black and Jewish although he does “not have the Jewish look”. There was no reason for the professor to state that the students are Latinos, unless he has a racial issue towards them. Thomas could have handled the issue in a much different way. He had no reason...
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...Into the World Essay – DRAFT ESSAY QUESTION: Individuals venturing into new experience may encounter obstacles, but may also gain significant rewards. Do you agree with this perspective? Discuss this view with reference to your prescribed text and at least ONE other related text of your choosing. The concept of ‘Into the World’ invariably involves the transitions of individuals into new phases of life, worlds and experiences in order to attain growth, maturation and emotional development. During this transition individuals may encounter obstacles, but also gain personal rewards resulting in growth and maturity. The prescribed text, novel ‘The Story of Tom Brennan’ written by JC Burke and two related texts, film ‘The Black Balloon’ produced by Tristram Miall and ‘The Road Not Taken’ written by Robert Frost, clearly display these misadventures and the rewards achieved once overcoming them. In difficult times individuals have must leave behind their old life and the safety it once provided in order to fully accept and enjoy their new life. In the novel ‘The Story of Tom Brennan’, Tom’s family is forced to leave the comfort of their hometown Mumbilli and move to Coghill due the selfish actions of his brother Daniel. Symbolism throughout this novel highlights the suffering of Tom and his family. “My father closed the door…for the last time”, this symbolic act and the secrecy in the way the Brennan family leave Mumbilli reveals the families remorse about the situation, they...
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...year old son name Thomas. She is seeking help for herself and her son. Susan is suffering from depression and Thomas is acting out in school and being rebellious. Aside the fact the she is a single mother raising her son with minimum income and the father is not a part of their life. Thomas is starting to get into trouble at school and Susan is starting to feel overwhelmed and needs guidance how to handle Thomas and her emotional state. I have put together an outline to assist Susan, with getting her and Thomas back on track. 6:00- 6:15 a.m. Wake up with a different outlook, let’s start working on you first. 6:20- 6:35 a.m. Wake up Thomas, don’t fight with him. Inform Thomas that he has to go to school today and when he gets home were going to make a new start for ourselves. 6:40- 7:00 a.m. Grab some coffee and start to journal. Journal about all of the things that’s on your mind, son, your career, ex-husband and how all of this makes you feel. 7:05- 7:35 a.m. Leave what you wrote all of those feelings on the page and start you day, shower, apply make-up and off to work you go. 9:00- 9:15 a.m. Call my office to schedule an appointment for you and Thomas 5:00- 5:30 p.m. Take a deep breath and head home. 6:00- 6:30 p.m. Ask Thomas can you talk with him, don’t demand and discuss with him that you have made an appointment for the two of you to come see me and you hope he will go with you. At this point it is not to antagonize Thomas or make him feel...
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...Flowchart Paper Assignment Sodney Theodore University of Phoenix Operations Management Abstract This paper will underline a flowchart of Bimbo Bakeries USA production process and how the business operates on a day-to-day basis. There will also be a metric chart that will show the amount of time it takes for each process to be completed within the production process. A short description of Bimbo Bakeries will also be addressed in this paper as well. Bimbo Bakeries is an International manufacturing company who specializes in producing products such as, Thomas muffins, Entenmanns cakes, and etc. They’re also one of the largest bakeries in the world, and they have bakeries in over a hundred countries. Bimbo has also purchased companies such as, Sara Lee and Hostees, they are expanding very quickly in the U.S. and around the world. Process The process that I perform on a daily basis at work is mixing, which is the second step in the process of producing muffins. Currently, in order to load the ingredients into the mixer, is manually. This concept to me takes up more time to complete, and I think there’s a faster way to complete this step. The type of process for this chart will be a multistage because it has many steps to complete within the process of production. According to the text, “A multiple stage process has multiple groups of activities that are linked through flows( Chase,Jacobs,Aquilano 2006)”. Metric Measure Performance Efficiency ...
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...should not include YouTube or Google VideoTM video search. Select a story in which claims are made, and note the story title and source name. If you cannot obtain a direct link to a video, write a summary of the video’s key points and provide a link to the Web site where you found the clip. Answer the following questions in a 100- to 200-word response: What claims are being made? Do the claims conflict with your personal observations? What background information do you have about the claims? What is the expertise of the author, if any? Is the author biased and untrustworthy, or unbiased and trustworthy? The article I chose is, Greece Nears the Precipice, Raising Fear by Landon Thomas Jr., Published: September 19, 2011 - NY Times. http://www.nytimes.com/2011/09/20/business/global/as-greece-struggles-the-world-imagines-a-default.html?ref=economy I chose this article for its argumentative but explanatory explanation on the topic of Greece’s debt problems. This article describes the recent economic troubles in Greece and possibilities of default on government debt. The article claims that if Greece does not act upon its debt and default larger problems can arise in their economy as well as other parts of Europe. The article states, "My view is that it is very much in Greece’s interest to default now, as there is no prospect that it can repay its debt,” said Desmond Lachman, a former I.M.F. economist at the American Enterprise...
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...but particularly the economy involving the Second Bank of the United States. Jackson opposed all banks, believing that they only made the rich more wealthy and corrupted government. Although Jackson’s main concern was to give lower social classes the same opportunities that the wealthy Bank owners denied, as time went on, he clearly made the Bank issue personal resulting in temporary abolishment of the Second Bank of the United States. Along with the bank itself, Jackson more specifically despised the paper currency distribution because it caused Americans to desire wealth without labor and increased the temptation to obtain money at any sacrifice. Jackson’s thorough hatred for paper currency and the monetary system of the United States during the time of his Presidency raises the question as to why he is on the most widely used denomination of paper money in America to this day, the twenty dollar bill. The Treasury and Federal Reserve ironically chose Andrew Jackson’s portrait to appear on the twenty-dollar bill to get revenge long after his death, but also to constantly remind Americans of the great effort Jackson put into destroying the Bank. The Declaration of Independence on July 4, 1776 was a bold step for the struggling colonies of North America. Not only did it defy the greatest military power of the day, but it launched the colonies on a political and economic journey that was without precedent. Because the colonies lacked any...
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