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Lecture 5

AFM 211 Lecture 5: T4C

2 Pages
30 Views
Spring 2016

Department
Accounting & Financial Management
Course Code
AFM211
Professor
Nancy Vanden Bosch
Lecture
5

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Who Am I?
Chris Janseen, CEO of T4C
Industry/Market
Move HQ from London to Hamilton by August 2015
Western  GTA and Southwestern Ontario
Marketing/Sales
May 2015
o24k books donated
o$69.3k microloans
o$37.6k Canadian non-profits
oRecycled 37k textbooks
15/14
o88k textbooks collected
Expansion if 5% profit earned
Operations
Textbooks collected and transported to HQ at $0.2/km and $14/hr for drivers
600 books in one shipment, but average is 250
Drivers
oCompensated for round trip + 1hr of time for collection
Warehouse workers
o$11/hr
oScanned, sorted, shelved & tracked 30 books in one hour
Textbooks
o25% listed on Amazon
Half of listed books sold at average price of $40
After time, listed unsold books donated in East Africa
o50% immediately donated once 24k books were collected
Shipping costs fluctuate  $16k per shipment
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Description
Who Am I?  Chris Janseen, CEO of T4C Industry/Market  Move HQ from London to Hamilton by August 2015  Western  GTA and Southwestern Ontario Marketing/Sales  May 2015 o 24k books donated o $69.3k microloans o $37.6k Canadian non-profits o Recycled 37k textbooks  15/14 o 88k textbooks collected  Expansion if 5% profit earned Operations  Textbooks collected and transported to HQ at $0.2/km and $14/hr for drivers  600 books in one shipment, but average is 250  Drivers o Compensated for round trip + 1hr of time for collection  Warehouse workers o $11/hr o Scanned, sorted, shelved & tracked 30 books in one hour  Textbooks o 25% listed on Amazon  Half of l
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