Salinas Company Case Summary

Satisfactory Essays
A complicated financial history exposed a significant weakness in the company’s operation; lack of proper personal and business financial management and accounting practices. This has led to decisions that was not beneficial to the operational part of the business. Salinas’s including. Poor credit due to default on cosigned personal loans for various family member mistrust toward government and large financial institutions. Tax minimization strategies that lowered income reporting, thereby reducing their credit potential that has now made it difficult for the company to expand. Another issue is that in its current state the company is operating at fully capacity 6 days a week round the clock while serving 5% of the local Hispanic market with
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