Business Administration 1220E Lecture Notes - Lecture 18: Retained Earnings, The Motor Cycle (Magazine)

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: Trina Ruthes

Document Summary

Business 1220e- lecture 18- analysis of scf, ratios, projections, 4 c"s of credit (envy. Asking for a loan during the peak of the recession in 2008. Biggest competitors are snow city cycle and kahuna power sports. Recession brought a significant change to the recreational motor sport indusry, affecting the sales of new and used motorcycles. Recession led to reduced consumer spending on luxurious items such as motorcycles. The motor cycle industry council reported that 12 of the leading brands has seen a decrease in sales by 30. 5% in the first quarter of 2009. Jacob hessels was a talented businessman and specialized in business start-ups. Was the general manager for the start-up of a hyundai dealership in a small. Is a motorcycle enthusiast and is a motorcycle rider himself. Possessed the knowledge and expertise of motorcycles. Ledning the money to jacob hessels who is the owner of envy riders inc.