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Hampton Machine Tool Company

Hampton Machine Tool Company

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Title: Hampton Machine Tool Company

Essay Details:

Subject: Business

Author: Betty H

Date: July 3, 2010

Level: University

Grade: B

Length: 2 / 348

Essay text:

Hampton slowed down in the 1970s with the withdrawal from Vietnam War and the oil embargo. Hampton stabilized by the late 1970s and now has a larger market share as other competitors were unable to make it through the tough times. Situation It is now September 14, 1979 Hampton has asked for an extension to the end December 1979 on the $1 million loan they took out from the St. Louis National Bank at the end of December 1978. The loan was originally taken out on the terms of monthly interest payment at a rate of 1.5% with the principle to be paid back at the end of September 1979. Hampton also has asked for an additional $350,000 loan to also be repaid at the end of December 1979 with interest payments monthly at the rate of 1...

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