Professional Documents
Culture Documents
Citizens band radio is a system of short-distance radio communications between individuals on a selection of 40 channels within the 27-MHz (11 m band! "n many countries# $% o&eration does not re'uire a license# and (unli(e )mateur *adio it may be used for business or &ersonal communications! +i(e many other two-way radio services# $itizens band channels are shared by many users! ,nly one station may transmit at a time- other stations must listen and wait for the shared channel to be available!
.he citizens band radio service ori/inated in the 0nited 1tates as one of several &ersonal radio services re/ulated by the 2ederal $ommunications $ommission (2$$ ! .hese services be/an in 1344 to &ermit citizens a radio band for &ersonal communication (e!/!# radio-controlled model air&lanes and family and business communications ! "n 1345# the ori/inal $% *adios were desi/ned for o&eration on the 4606470 Me/acycle 0H2 band!
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Q. 1 SWOT analysis
) 17,. analysis is a structured &lannin/ method used to evaluate the stren/ths# wea(nesses# o&&ortunities# and threats involved in a &ro8ect or in a business venture! ) 17,. analysis can be carried out for a &roduct# &lace# industry or &erson! "t involves s&ecifyin/ the ob8ective of the business venture or &ro8ect and identifyin/ the internal and e9ternal factors that are favorable and unfavorable to achievin/ that ob8ective! The SWOT analysis of Citizens Band Antenna Company: Strength: - ,ri/inal contribution of e'uity ca&ital by family member - Manufacturin/ modern antenna - Manufacturin/ various ty&es of antennas - 0sin/ mar(etable securities for tem&orary investments
Weakness: - 2orcin/ to curtail some fi9ed asset! Citizens Band Antenna Company
+ower &ower communication )mateur radio do not wor( well in other a&&lications
Opportunity: )ddin/ e9tra wor(ers 1chedulin/ a second &roduction shift :urchasin/ some new e'ui&ment "ncreasin/ inventories )&&lyin/ e9ecutives mana/er for increasin/ sales and &rofit
Threat: - 2amily owned com&any - $ash amount dan/erously low level ;li'uidity crisis - "ncreasin/ liabilities
Q. 2
2! "ncreasin/ liabilities< when firm face li'uidity &roblem and shorta/e of fundin/ then firm forced to borrowin/ fund from fund! %y this way increasin/ liability of the year 1374 and 1376!
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=! $urtail fi9ed assets< curtail of fi9ed assets is another challen/es of this firm! 7hen the firm e9&erience fundin/ shorta/e then curtail the fi9ed assets ac'uisition &lan!
4! +ower &ower communication< the $itizens> %and )ntenna $om&any &rovide low &ower communication! "t is a set of radio fre'uency near 27 me/ahertz!
6! 2amily own com&any< it is a family own com&any! )nd most of the fund is come from the family member! 1o that the fund of the firm is com&aratively lower than any other com&any! "t also has declinin/ &ossibilities hi/h!
)n the flo#ing #ay the Citizens Band %ntenna Company can o$ercomes the challenge #hich comes from mar et( 1! $ontrollin/ overtime wor( and administrative e9&enses closely! 2! ?9&andin/ (e&t sales! =! %orrowin/ lon/-term debt because ris( is low! 4! :ost&onin/ &urchase of fi9ed asset!
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4! $uttin/ the firm>s dividend &ayout rate! 6! "m&lementin/ a &olicy of delayin/ &ayments to trade su&&liers beyond the su&&liers> stated terms of sales! 7! "ncrease the li'uidly of the firm! 5! "m&rove the connection a&&lication and &rovidin/ hi/h &ower communication system!
Q. *
@255
@424
@364
.o determine the &erformance of wor(in/ ca&ital of $itizens> %and )ntenna $om&any# at first we need to Aet wor(in/ ca&ital of the com&any in the years of 1374# 1374 and 1376! .he wor(in/ ca&ital is calculated as<
Cear
(.housands of dollars 1374 1374 1376 ( 592 (507 ( 318 ( 880 ( 1031 ( 1282 ( 288 ( 524 ( 318
Recommendation( "ncreasin/ in investment of wor(in/ ca&ital of the firm durin/ the time &eriod of 1374 to 1376! .he &ortfolio of mar(etable securities used as tem&orary investments when the firm had sur&lus funds and instead funded seasonal variation in assets by borrowin/ of short term credit from firm>s ban(! .he firm also curtails some fi9ed assets for the shorta/es of fund!
.he #or ing capital ratio indicates whether the com&any has enou/h short term assets to cover its short term debt! )nythin/ below 1 indicates ne/ative 7;$ (wor(in/ ca&ital ! 7hile anythin/ over 2 means that the com&any is not investin/ e9cess assets! Most believe that a ratio between 1!2 and 2!0 is sufficient!
Cear (.housands of dollars 1374 1374 1376 !.)& 1."# 1.!! @ 500 @ 10=1 @ 1252 @ 255 @ 424 @ 364
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Recommendation( 2rom the scenario of wor(in/ ca&ital ratio of $itizen>s %and )ntenna $om&any is &ositive and it also show that in 1374 the firm invest low amount of assets but in the year of 1374 and 1376 is normal amount! .he "m&act of wor(in/ ca&ital in overall &erformance of the $itizen>s %and )ntenna $om&any is seemin/ly /ood situation but not actually in /ood situation! %ecause they are involved in hu/e liabilities com&are to 1374 with 1374 and 1376! .hou/h the firm increase in sales 65!4D and increase in &rofit 72!4D! "n the situation# if the firm had one more year of this sort of success# it would end u& in ban(ru&tcy court!
Con*lusion: The $itizen>s %and ($% is a set of radio fre'uencies with low-&ower
commutation radio s&ectrum aside in 0nited 1tate! .hou/h the firm e9&erience some odd situation but the com&any always try to im&rove their wea(ens for build u& the firm in financially health!