FIN 486 Week 3, Individual Assignment - Long Term Financial Needs

Apr 24th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

FIN 486 Week 3, Individual Assignment - Long Term Financial Needs

Word Count: 671
Showing Page: 1/8
Long-Term Financial NeedsFIN 486 Strategic Financial ManagementNameDateInstructor Long-Term Financial NeedsGiven recent changes in the economy and the needs for the consumers, Huffman Trucking would like to take this address the direction that the company is heading in. The company continued to grow from great logistics and acquisitions. Five eastern regional carriers were acquired by Huffman trucking and this has enabled the company to become more diverse and better serve its clients. The mission of the company moving forward is to be a profitable, adaptive company in an intensively competitive logistical services business environment.Huffman Trucking has some key initiatives that can integrate the new direction in the strategic planning as well as differentiate it from their competitors. These initiatives were developed based upon extensive marketing research regarding customer needs and growth opportunities as well as looking at the financial report for the previous year.Huffman TruckingBalance Sheet(Unaudited)December 31st20062005(In Thousands)AssetsCurrent AssetsCash & Cash Equivalents$51,993$38,893Accounts Receivable56,29257,441Prepaid Expenses & Supplies3,4433,343Total Current Assets$111,728$99,677Carrier Operating Property (at cost)$73,024$70,957Less: Allowance for Depreciation(57,536)(55,477)Net Carrier Operating Property$15,488$15,480Assets of Discontinued Operations16,19218,891Good

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors