harley davidson financial service

Harley-Davidson was highly profitable, had one of the world’s most valuable brands, and by the end of 2008 had repurchased $4.7 billion of its common stock.  Harley-Davidson Financial Services made low-risk loans to Harley retail customers and then sold those receivables to Harley-Davidson Motorcycle Trust.  The Motorcycle Trust sold notes backed by the motorcycle receivables to institutional investors.  Harley-Davidson’s highly loyal customers rarely defaulted, so the Motorcycle Trust sold notes equal to about 93-96% of the face value of the receivables collateralizing the notes.

The subprime securitization market collapsed in late 2007 and entire securitization market effectively closed in the second quarter of 2008.  From then through June 30, 2009, the Motorcycle Trust was unable to sell notes backed by Harley-Davidson receivables.  As a result, “Finance receivables held for sale” increased from $781 million on December 31, 2008, to $2.444 billion on December 31, 2009.  To finance those receivables, Harley-Davidson increased its debt by over $2 billion.

Harley-Davidson’s pension and retiree health care funds also suffered major losses.  Possibly because of Harley’s weaker financial condition, its reserve accounts for items such as receivables and warranties seemed far less conservative at the end of 2008 than at the end of 2007.

Does Harley-Davidson have adequate allowance/reserve  balances in : (a) warranty and safety recall liability; (b) accounts receivable; (c) finance receivables held for investment; (d) finance receivables held for sale, and (e) inventories?  Are these balances more or less adequate than in the past?  Explain in a paragraph.

 

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assignment 1 145

Develop your group’s new business venture. This must be a brand new business that manufactures a product. Include your company name and describe the products or services offered, basic logistics, etc.

This is a group project and all group members are expected to contribute to the project. Read this article for some Success Strategies for Teamwork in the Online Setting. Please define your group roles and include a description of them in your deliverable. Examples of possible roles include (you may create your own roles and responsibilities):

  • Leader: Makes a list of the project content and distribute it to the group members. Your main role is to make sure that all members of the group are responsible for an equitable share of the project.
  • Organizer: Schedules group meetings, communicates time lines, and keeps the group on task. You are in charge of making sure the group meets the deadlines.
  • Editor: Integrates each persons’ work into a seamless document. Edits grammar, spelling, formatting, and ensures there is no replication of information.
  • Peace Keeper: Makes sure that participants are working together and getting along. When conflicts arise, you use good conflict management skills to work through it together. If a resolution cannot be found amongst your group, you make an appointment with the instructor to find a resolution.

Collaborate with your group using your group discussion board. Your participation in the group discussion is mandatory and is how I will assess your overall group progress and individual contributions. All graded work must be submitted to the Group Deliverable #1 assignment. One group member should submit your final deliverable for grading.

Your deliverable should be four to six pages in length. Make sure to include a title page and references section (that do not count towards the length of your assignment). Use New Times Roman, 12-size font with one inch margins. Incorporate APA style. Click the assignment link to compare your work to the rubric before submitting it. Click the same link to submit your assignment.

 

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please help me please please

The concentration of a given NaOH(aq) solution is 1.4 M. Determine the pH of the solution.
Determine the pOH of the solution. 
 
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help finance today

Watch the “Your Business Structure” and “Corporate Business Structures” videos on the Electronics Reserve Readings page.

Identify the different business structures.

Write a 350 to 700 word explanation of how each business structure might and might not be advantageous.

Click the Assignment Files tab to submit your assignment.

 

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