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dc.contributor.advisorNo Advisor Listeden_US
dc.contributor.authorUpton, Thomas L.en_US
dc.date.accessioned2018-01-05T22:43:01Z
dc.date.available2018-01-05T22:43:01Z
dc.date.issued1974-07en_US
dc.identifier.urihttp://hdl.handle.net/10504/115703
dc.description.abstractIn mid-1974, Mr. George Anderson, President of Midwest Subcontracting, Inc., was reviewing his major equipment acquisitions and their relative financing costs. Midwest Subcontracting is a medium-sized excavating and general contracting firm located in a major metropolitan city. | During the past year and a half, Midwest had been steadily replacing many of its heavy trucks, road graders, and other related heavy equipment. Simultaneously, interest rates had been steadily climbing in response to governmental efforts to control current inflationary trends. By June of 1974, prime interest rates had climbed to a new historical high of 11.5% (See Exhibit 1). Banks and other financial institutions normally required an additional 2% over prime when dealing with firms of Midwest's size and general type. | Midwest's Long-Term Debt for Equipment had grown to $389,000 by early June. Tills amount could be paid-off without penalty for $329,000 while replacement costs for this same equipment were estimated at $465,000. The market for used equipment had been appreciating rapidly in step with steadily rising prices for new equipment. A recent appraisal of Midwest's equipment estimated a current resale value of $379,000 for its financed portion.en_US
dc.language.isoen_USen_US
dc.publisherCreighton Universityen_US
dc.rightsA non-exclusive distribution right is granted to Creighton University and to ProQuest following the publishing model selected above.en_US
dc.subjectBusiness--Case Studyen_US
dc.titleMidwest Subcontracting, Inc.en_US
dc.typeThesis
dc.publisher.locationOmaha, Nebraskaen_US
dc.description.noteProQuest Traditional Publishing Optionen_US
dc.contributor.cuauthorUpton, Thomas L.en_US
dc.degree.levelMBA (Master of Business Administration)en_US
dc.degree.disciplineBusiness Administration (graduate program)en_US
dc.degree.nameMaster of Business Administrationen_US
dc.degree.grantorGraduate Schoolen_US


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