Masonry Magazine September 1975 Page. 11
Mason Contractor News...
Your Biggest Asset: Accounts Receivable
A slow-pay account may be preferable to a no-pay account-but both are losers. Account receivables may represent the vital source of income, says William H. Bassett, Jr., president of the National Association of Credit Management, but "time is money" and they can also represent a significant loss if not collected promptly.
For example, a current account dollar decreases to $.90 when overdue three months, $.67 after six months, $.45 in one year, $.23 in two, $.15 in three, and $.04 when overdue for five years.
So, if a company's net profit is 3%, for every credit loss of $100, it has to increase sales by another $3,334 just to stay open.
And, in today's market, an account that is 60 days behind in payment is getting the equivalent of a 12% discount.
FIRESAFETY SEMINAR
Portland Cement Association will conduct a special technical seminar on the state-of-the-art of firesafety in buildings at the Lincolnwood Hyatt House, Lincolnwood, III., on November 18-20, 1975.
The three-day seminar will emphasize the developing new action in firesafety and the relationship of all concerned with firesafe construction: architects, structural engineers, code officials, members of public agencies, building owners/developers, fire fighters, insurance underwriters, test laboratory personnel, and others in the concrete and construction industries. Led by representative guest speakers and PCA specialists, seminar participants will discuss research related to firesafety, U.S. and Canadian code provisions, rational design for fire, automatic suppression, evaluation of fire damage, and other related subjects. They will also witness a structural fire test at the PCA Fire Research Laboratory in Skokie, III. Registration fee: $200.
For registration arrangements or more information, contact the Registrar, Educational Services Department, Portland Cement Association, Old Orchard Road, Skokie, III, 60076. Telephone: 312/966-6200.
masonry • September, 1975
Bledsoe FTI President
BLEDSOE
The Facing Tile Institute has named as its new president, Mr. Ronald I.. Bledsoe, Vice President-Sales of Arketex Ceramic Corporation, Brazil, Indiana.
Mr. Bledsoe has been associated with Arketex since 1948, having handled assignments such as sales representative, advertising manager, and director of sales promotion prior to being elected in 1966 to the company position he now holds. An architect, Mr. Bledsoe was also vice president and partner from 1970 to 1973 in the Indiana architectural firm of John A. Curry Associates. His present tenure as vice president-sales at Arketex began in 1973 when he was re-elected to that position.
FTI is headquartered in Washington, D.C., at 500 Twelfth Street, S.W., and is a trade association representing manufacturers of structural glazed facing tile and glazed brick.
Open Midwest Warehouse
The Muller Machinery Co., Metuchen, N.J., has announced the opening of their new Midwest Warehouse. It is located at 330 Meyer Road, Bensenville, III.
The Warehouse will carry a complete equipment inventory of all the popular sizes and models for distribution to its dealers in the Midwest.
Hold Masonry Seminars
The Metropolitan Chicago Masonry Council recently held two seminars for the architectural and engineering professions. On September 30th Alan Yorkdale, BIA; Thomas B. Redmond, NCMA; and Ed Schultz, Code Consultants, Inc. teamed up to give an update on Load-bearing Masonry Design, Fire Rating, Sound Control and Energy Conservation. On the following day Richard Gensert and Greg Veith joined Yorkdale and Redmond to discuss Load-bearing Masonry with the area's engineers. Both meetings were held at the Hyatt Regency, Chicago, III.
Name Change For KTC
Koetter Tharp & Cowell Architects & Planners, Inc., Houston, Texas, has announced the change of its name to include that of B. Boykin Bartlett who was recently elected executive vice president and a director.
While the firm will now be known as Koetter Tharp Cowell & Bartlett, it will continue to use its present KTC logotype, Gunter Koetter, chairman of the board announced.
People & Events...
Harold F. McDonald and Herb W. Gray have been elected to the newly appointed positions of vice president, products division and vice president ready-mixed concrete division, respectively for Barrett Industries of San Antonio, Texas. Dave Myers has been appointed product marketing manager for Koehring Road Division Norton Company's Safety Products Division has appointed Donald F. Lundy as regional sales manager for the eastern region.
To make a long story short, there's nothing like the boss walking in.
Robert S. Holt has been elected President and Director of Masonry Equipment Co., Nashville, Tenn. NCMA's latest volume of Pictorial features Government & Public Build(Continued on page 19)