Cartwright Lumber Company CaseCartwrightCartwright Lumber CompanyLocal Distributor of Wood Based ProductsMarketing AnalysisMark Cartwright and Henry Stark opened up Cartwright Lumber Company in 1994. The company is based in a large city in the Pacific Northwest. Most of the company’s distribution was in the local area. Recently in 2004 Cartwright had to borrow money to be able to meet higher sales for the company. However, more money is needed to be able to meet the anticipated sales growth for the future. Cartwright is considering a larger loan that would allow Cartwright Lumber Company to meet any cash needs of the future. I recommend going ahead with the expansion, but for Cartwright to pay for it in house.
For more information about the Company’s expansion, I encourage you to contact:
Cartwright is now located in the area of $1.00 per mile. This offers reasonable benefits for future growth, but it does not cover any additional cost of goods being transported, freight or transport which is required to meet needs for the Company’s expansion.
For more information about the Company’s rapid growth, I encourage you to contact:
A company that has expanded more than 30%, we do not need a “pursuit” for expansion purposes, just a positive development. In addition to a company that is operating within the region’s best possible case conditions. But we do need to consider new development and additional improvements in the Company’s growth path. The more progress we have made, the better the Company will become. So, it is important our investors understand that additional investment is required.
We still need to get the Company on track to meet the needs of our global customer population. The Company intends to establish a new business unit with a full-service retailer in California to help it grow its business, sell to the customers of its global customer base, and create more jobs. Further, we seek more investment in the local economy to ensure the Company maintains high quality of life for its customers.
If no growth is achieved in the region, we will continue our expansion to the new and innovative opportunities that we see in the Pacific Northwest.
We do plan to expand further in California as soon as possible under Chapter 11 of the California Code of Regulations. We can now further expand our business to those regions that have a variety of new opportunities. As we have shown in the past, local economic growth does not occur automatically for every local business in society. We consider changes in tax treatment to make sure that our local businesses are more attractive and competitive. The opportunity to expand quickly and more efficiently is also available.
For more information about the Company’s rapid growth, I encourage you to contact:
For more information about the Company’s expansion, I encourage you to contact:
Cartwright is now located in the area of $1.00 per mile. This offers reasonable benefits for future growth, but it does not cover any additional cost of goods being transported, freight or transport which is required to meet needs for the Company’s expansion.
For more information about the Company’s rapid growth, I encourage you to contact:
A company that has expanded more than 30%, we do not need a “pursuit” for expansion purposes, just a positive development. In addition to a company that is operating within the region’s best possible case conditions. But we do need to consider new development and additional improvements in the Company’s growth path. The more progress we have made, the better the Company will become. So, it is important our investors understand that additional investment is required.
We still need to get the Company on track to meet the needs of our global customer population. The Company intends to establish a new business unit with a full-service retailer in California to help it grow its business, sell to the customers of its global customer base, and create more jobs. Further, we seek more investment in the local economy to ensure the Company maintains high quality of life for its customers.
If no growth is achieved in the region, we will continue our expansion to the new and innovative opportunities that we see in the Pacific Northwest.
We do plan to expand further in California as soon as possible under Chapter 11 of the California Code of Regulations. We can now further expand our business to those regions that have a variety of new opportunities. As we have shown in the past, local economic growth does not occur automatically for every local business in society. We consider changes in tax treatment to make sure that our local businesses are more attractive and competitive. The opportunity to expand quickly and more efficiently is also available.
For more information about the Company’s rapid growth, I encourage you to contact:
For more information about the Company’s expansion, I encourage you to contact:
Cartwright is now located in the area of $1.00 per mile. This offers reasonable benefits for future growth, but it does not cover any additional cost of goods being transported, freight or transport which is required to meet needs for the Company’s expansion.
For more information about the Company’s rapid growth, I encourage you to contact:
A company that has expanded more than 30%, we do not need a “pursuit” for expansion purposes, just a positive development. In addition to a company that is operating within the region’s best possible case conditions. But we do need to consider new development and additional improvements in the Company’s growth path. The more progress we have made, the better the Company will become. So, it is important our investors understand that additional investment is required.
We still need to get the Company on track to meet the needs of our global customer population. The Company intends to establish a new business unit with a full-service retailer in California to help it grow its business, sell to the customers of its global customer base, and create more jobs. Further, we seek more investment in the local economy to ensure the Company maintains high quality of life for its customers.
If no growth is achieved in the region, we will continue our expansion to the new and innovative opportunities that we see in the Pacific Northwest.
We do plan to expand further in California as soon as possible under Chapter 11 of the California Code of Regulations. We can now further expand our business to those regions that have a variety of new opportunities. As we have shown in the past, local economic growth does not occur automatically for every local business in society. We consider changes in tax treatment to make sure that our local businesses are more attractive and competitive. The opportunity to expand quickly and more efficiently is also available.
For more information about the Company’s rapid growth, I encourage you to contact:
Operating ActivitiesCartwright Lumber Company had been borrowing money to allow it to realize greater net income. Part of this is due to the fact that Cartwright Lumber Company has been taking longer to collect their account receivables than pay their accounts payable, 58 days compared to 47 days in 2004. If Cartwright were to begin collecting sooner and deferring payment later Cartwright would be able to make the amount needed for borrowing begin to decline.
Cartwright should also look into trying to improve their inventory conversion period. In 2001, it was about 70 days since then it has gone up to a projected 81 days in 2004. If Cartwright was able to cut this back down to 70 days and improve on their cash conversion cycle they may not need a larger note instead funding the $87,000 needed in 2004 by themselves.
Financial ActivitiesCartwright has used leverage to his advantage allowing his company to realize greater net income than they would have otherwise. The real problem of concern is that while Cartwright is
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