Loan Application for the Tootsie Roll Industries Gina Brazelton Accounting 561 November 5, 2012 Loan Application for the Tootsie Roll Industries Tootsie Roll Industries (TR) is one of the world’s foremost confection manufacturers. Known more for the chewy, individually wrapped chocolates and the lollipops with the chocolate filling, the company also produces a variety of nonchocolate candies. For more than 100 years, these confectionary products have favorites for young and old. Currently TR is facing decreased revenue because of increased costs of supply, dated technology, and possible diminished popularity. It is researching ways to increase revenue; to do this the organization is seeking financing to revamp its manufacturing process.
Making this long term commitment to support the new product strategy by knowing my target market which is Young and middle aged families who loves to cook breakfast or bake for their families, even families on the go who microwaves 65% of breakfast food would be a good candidate. I could satisfy consumer’s wants and needs by first having a web site set up with asking people in general there idea of king syrup coming back out on the market with the same taste just a new look with a splash of color that would be eye catching. Second I would gather up a team of go getters everyone on the same page for the market strategy and go to local club stores like Costco’s, Sam’s, Wal Mart and even some local supermarkets with some samples to past out samples of the new bottle . On the back of the bottle asking the consumer to log on to the web site and give there in put of the new bottle of King’s Syrup and along with the taste of maple that potential consumers will always be longing for. The early adapter’s consumers are the ones we are looking for to get a sample of the product and communicate by word of mouth to pass on the information to family, friends, and
Today both Tootsie Roll Industries and Hershey are widely known for their candy products along with being publicly traded on the New York Stock Exchange. Although an investor may love to eat the chocolate, they may not want to take that into consideration when deciding on whether or not to invest their hard earned money. Three items they may want to consider instead is the liquidity, solvency and profitability of the company. In the next three paragraphs I will analyze and compare the 2007 financial data for both Tootsie Roll Industries and Hershey based on the three types of analysis. Liquidity What is liquidity?
Running head: COSTING METHODS PAPER Costing Methods Paper Jane Doe University of Phoenix Accounting ACC/561 Barbara Kantor November 27, 2012 Costing Methods Paper Super Bakery, Inc. was founded by Franco Harris, formerly of the Pittsburgh Steelers, in 1990. The corporation supplies healthy, vitamin enriched doughnuts and other baked goods, out of an initial desire to make a difference in the institutional food market by targeting school systems nationwide (Kimmel, 2009). While, the company experiences positive growth since its inception, Super Bakery is at the point where it needs to explore a costing system that can establish a more accurate product costing method that can, at minimum, improve control of overhead costs. What strategies did the management of Super Bakery, Inc. use? Formed as a virtual corporation, Super Bakery designed a business model that performs key strategic planning and business functions in-house while outsourcing all manufacturing components as a cost reductions strategy.
B&J has a unique branding system for new flavors that uses catchy titles and sometimes humor to attract new customers. As mentioned in its mission statement, B&J used local merchants to help develop its final products and spent valuable time and money searching for the highest quality inputs for its ice cream. * More could be said about the “all-natural” ingredients and how they are sourced. 2. Economic performance The economic dimension of B&J’s mission statement seeks “[t]o operate the company on a sound financial basis of profitable growth, increasing value for our shareholders, and creating career opportunities and financial rewards for our employees” (Bruner, 2009).
2/17/14 Pd.4 Writing and speech Cookie Dough Lately at Knoch, the students have been selling cookie dough to raise money for prom. We need to raise about $20,000 to cover all of the expenses. My best friend Riley and I are participating in this fundraiser. Our goal is to sell ten tubs of cookie dough before February 18th to ensure that we have a great prom. Sounds easy enough, but we needed customers and fast.
Executive Summary Starting with a little seed money from the owners, Sift Bakery was founded with the goal of providing a guilt free dessert that delivers an OMG factor to all their customers through superior customer service and trendy décor. With already acquired knowledge in the specialty baking market for California and increasing pressure from competition it is suggested that Sift implement a steady expansion strategy combining retail and baking stores to increase overall sales roughly 35% year over year and maintaining consistent operating expenses. Sift has remained strong in certain demographics to hold their position as a specialty bakery however, with the spawn of new social media and marketing platforms available, Sift is shifting its efforts to accommodate the increase in new marketing tactics and branding strategy. Considering the high level of competition in the Bay Area market, Sift has considered a few options to increase their footprint. As suggested, it is believed that implementing a targeted and focused expansion based on the current business model will accomplish the overall goal while managing the growth based on financial indicators and health of the business.
Tootsie Roll Loan John peoples University of Phoenix Explanation of Use of Loan Tootsie Roll Industries has been producing America’s most historic and iconic candy for 116 years. Tootsie Roll has been able to be a mainstay in the candy business through great products, established marketing campaign, efficient production and manufacturing processes. The Tootsie Roll confectionary products are made with some very sophisticated manufacturing equipment, however many of the current production facilities are in need of upgrades and technological advances in some of the manufacturing equipment in the plant. Tootsie Roll has also acquired several other confectionary producing companies over the last ten years. Many of these facilities are also in need of major capital equipment upgrades.
They went on lots of trips together but Milton wanted to start a new chocolate factory. He had dreams of building his own town in his childhood town of Derry Church. He choice Derry Church because of all the farm land and cows he needed for the fresh milk for the chocolate. Grounds broke to start the construction when he came back from his trips. The first thing Milton Hershey built was his factory.
I remembered when my parents traveled out of the country, they would always ask me what I wanted for a souvenir. I would always tell them to buy me anything that involves chocolate, no matter if it was chocolate flavored or a box of chocolates. The sweetness of milk chocolate would always give me joy when I was younger and until now. If I cried because I was sad, giving me chocolate would bring a smile to my face right away. The feeling of having chocolate gave me happiness