buy custom Winnebago Industries essay

buy custom Winnebago Industries essay Winnebago Industries is a prominent manufacturer of motor homes in the U.S (Winnebago Industries, Inc. 2011). The company has a good history of manufacturing entertainment vehicles for over 50 years now. This company produces facilities in the State of Lowa and they distribute their products through independent dealers throughout the U.S and Canada who tell the products to the final consumers. Winnebago industries lead the industry with the greatest retail market in the U.S. In addition, the company has reintroduced the ERA in the 2012 model which will help to improve its market share (Winnebago Industries, Inc. 2011). Winnebago has demonstrated its ability to maintain its liquidity through its improved profitability. However, in 2010, the company was negatively impacted by the increased compensation and benefit expense. Its employees have not had salary increase since 2008 and in 2009; salaries were reduced across the board in order to reduce the companys cost. Equity grants have al so been awarded to the top management and this has resulted to incremental stock based compensation. Restricted stock awards were given to maintain and motivate key managers to continue improving long-term stock market performance in order to increase shareholder value (Winnebago Industries, Inc. 2011). Net values for Winnebago industries have increased due to towables and motor home delivery. In 2011, the gross profit was 6.4% of the net revenues (Winnebago Industries, Inc. 2011). There is also increased cost of expenses as well as administrative expense due to increase in legal expense. On the financial condition of the industry, cash equivalent of the company have increased from 65.2 to 74.4 Dollars in 2011. The company has a loan agreement that provides it with 20 million dollar credit facility. In addition, the company has signed registration statement which allows it to sell up to 35 million dollars of its common stock. The companys current working capital is 109.4 million dollars which is increase from the 91.3 in 2010 (Winnebago Industries, Inc. 2011). The cash that is spent in operating activities is lower than the cash generated from operating activities and this signifies good financial status. In Winnebago, financial statements are prepared in accordance with GAAP. This requires the company to make assumptions concerning future events that affect the amounts of revenue, liabilities and expenses (Winnebago Industries, Inc. 2011). Such assumptions are based on the time when the financial statements are prepared. The company recognizes revenues from recreation vehicles when they get orders for the products and they deliver the product to the dealer who placed the order. In addition, the company accrues for sales promotions and incentive expenses. Moreover, Winnebago industries repurchase goods defaulted by dealers if the goods have not been sold to retail customers. Winnebago Industries is involved in legal proceedings which are ordinary routine litigations which are essential to the business. The company may have a risk if it will not be able to integrate the operation of SunnyBrook Company to its operations after purchasing the company (Winnebago Industries, Inc. 2011). Some of the possible risks include the diversion of management to the integration operations, difficulties in assimilating and retaining employees as well as difficulties in the integration of departments, systems and accounting systems. Unregistered sales of equity securities are repurchased by the outstanding shares of the common stock but this only depends on the market conditions. In this connection, the Winnebago Industries shows improved financial performance as shown in its financial statements. Each class of financial instrument in Winnebago industries is based on the short-term and long-term investments and assets and liabilities measured on fair value (Winnebago Indus tries, Inc. 2011). Winnebago industries thus have good financial statements that fully present their financial status. Buy custom Winnebago Industries essay

Funny Quotes About Life

Funny Quotes About Life People have been pondering, debating, and writing about life for millennia. Sometimes, no matter the circumstances, humor can help with healing or understanding- and sometimes you just have to laugh. Its all about perspective. Alan Bennett Life is rather like a tin of sardines- were all of us looking for the key. Carl Sandburg Life is like an onion: You peel it off one layer at a time, and sometimes you weep. Charles Schulz My life has no purpose, no direction, no aim, no meaning, and yet Im happy. I cant figure it out. What am I doing right? Charlotte Bronte Life is so constructed that an event does not, cannot, will not, match the expectation. Elbert Hubbard Do not take life too seriously. You will never get out of it alive. Douglas Adams Life...is like a grapefruit. Its orange and squishy and has a few pips in it, and some folks have half a one for breakfast. Friedrich Nietzsche He who has a why to live can bear almost any how. Alice Roosevelt Longworth I have a simple philosophy: Fill whats empty. Empty whats full. Scratch where it itches. George Bernard Shaw Life does not cease to be funny when people die any more than it ceases to be serious when people laugh. Anatole French The average man does not know what to do with his life yet wants another one which will last forever. J.P. Getty â€Å"My formula for success is rise early, work late and strike oil.† T.S. Eliot â€Å"The journey, not the arrival, matters.† Ralph Waldo Emerson â€Å"Do not follow where the path may lead, go instead where there is no path and leave a trail.† Winston Churchill If you are going through hell, keep going. Douglas Adams â€Å"There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another theory which states that this has already happened.† Mark Twain Age is an issue of mind over matter. If you dont mind, it doesnt matter. Ray Kroc Luck is a dividend of sweat. The more you sweat, the luckier you get. Mahatma Gandhi   There is more to life than increasing its speed.   Maya Angelou   Ive learned that you can tell a lot about a person by the way (s)he handles these three things: a rainy day, lost luggage, and tangled Christmas tree lights.   Abraham Lincoln   Everyone desires to live long, but no one would be old. Mother Teresa   I know God will not give me anything I cant handle. I just wish He didnt trust me so much. Robert Louis Stevenson Dont judge each day by the harvest you reap, but by the seed that you plant. W. Somerset Maugham Its a funny thing about life; if you refuse to accept anything but the best, you very often get it.  Ã‚   Mark Twain â€Å"All you need in this life is  ignorance and confidence, and then  success is sure.† Voltaire â€Å"Life is a shipwreck but we must not forget tossing in the lifeboats.† Sydney Harris â€Å"When I hear somebody sigh,  Life is hard, I am always tempted to ask, ‘Compared to what?† Terry Pratchett â€Å"Wisdom comes from experience. Experience is often a result of lack of wisdom.† Jim Harrison â€Å"The simple act of opening a bottle of wine has brought more happiness to the human race than all the collective governments in the history of earth.† W.H. Auden â€Å"We are all here on earth to help others; what on earth the others are here for I don’t know.† Abraham Lincoln â€Å"The best thing about the future is that it comes one day at a time.† Bernard Baruch â€Å"Be who you are and say what you feel, because those who mind don’t matter and those who matter don’t mind.† Dalai Lama â€Å"If you think you are too small to make a difference, try sleeping with a mosquito.† Dorothy Parker â€Å"The cure for boredom is curiosity. There is no cure for curiosity.† Douglas Adams â€Å"Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.† George W. Bush â€Å"To those of you who received honors, awards, and distinctions, I say, Well done. And to the C students, I say you, too, can be president of the United States.†