HORIZON IMPORTS

HORIZON IMPORTS - HORIZON IMPORTS, INC. Horizon Imports,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
HORIZON IMPORTS, INC . Horizon Imports, Inc. is a San Diego-based importer/wholesaler of home entertainment products. The majority of Horizon’s imports are name brand Japanese home audio/video systems. Most of Horizon’s customers are located along the West Coast. Joseph Barnard, credit manager of Horizon Imports, Inc., was reviewing the financial statements of major accounts in March 1982. In particular, Mr. Barnard was concerned with the performance of two long time customers—Symphony Sound in Los Angeles and Entertainment Systems, Inc. in San Francisco. The recent economic downturn had hit the home entertainment industry hard. Recent changes in Symphony Sound’s and Entertainment Systems’ financial statements called into question their financial soundness. Customer Background Entertainment Systems, Inc. retailed a broad line of home entertainment systems throughout the greater San Francisco Bay area. Founded in early 1975, Entertainment Systems had experienced rapid growth—growing from an initial one-store operation to a chain of 9 stores by late 1980.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/23/2011 for the course BUS M 301 taught by Professor Jimbrau during the Fall '11 term at BYU.

Page1 / 2

HORIZON IMPORTS - HORIZON IMPORTS, INC. Horizon Imports,...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online