Butler Lumber 1. Why does BL need to borrow money to support its profitable business? Draw up a Fund Flow Statement‚ i.e.‚ Funding and Uses a. Funding would include Bank Borrowing‚ Trade Credit‚ Retained Earnings‚ Cash‚ Accrued Expenses b. Uses would include Inventories‚ A/R‚ Buyout‚ Reduction in debt‚ increase in fixed assets/accounts Response: BL needs to borrow money from the bank to take benefit of the purchase discounts. During the last two years‚ BL had taken very few purchase discounts
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1. Why do we have states? Would it be possible for people to live without them? If they disappeared in the future‚ what would replace them? We have states so that the general public can be protected from external‚ as well as internal threats. States have armies to protect citizens from other countries who might invade or who pose some other sort of threat. States also have some sort of police force to protect citizens from criminals who wish to do them some kind of harm. The social contract theory
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can hardly live without money. Even buying something small such as sweet will cost you some money. However‚ this does not mean that money can buy happiness‚ unlike the misconception of most people in the world. In fact‚ wealth is a far cry from happiness. If you disagree with me‚ let’s look at the reasons for my stand. While it’s true that having money can make life easier—I mean what’s easier than spending all day rolling around in a pile of $100 bills?— money doesn’t necessarily make
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Young people today have too much freedom. Do you think? Nowadays‚ many teenagers are spoiled; they are doing things which are unsuitable for their age. You may ask‚ why? Personally I think that some kids have too much freedom. Majority take the privilege for granted and doesn’t know how to control them. It’s a pity to see students in midnight wandering in streets smoking‚ when they are supposed to be sleeping at home. It is also sad to see youngsters taking drugs‚ when they are supposed to be
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Part A: Provide Mr. Wilson with three possible growth strategies. One growth strategies that Mr. Wilson should consider for growing his business‚ Tuscan Treasures is to implement a sales incentive program. In most cases‚ Employees will work harder if there is a target (incentive) provided for them to strive for. Many successful and progressive businesses are embracing performance-based compensation and incentive programs. Why? Because most of the time‚ they meet a need and offer tangible benefits
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CASE #0 Butler Lumber Company Analysis I. Conclusion Based on the information and corresponding financial statements provided‚ we concluded that: Bulter Lumber Company has to collect money from outside resources to compensate its funding gap of 383‚000 USD. From the perspective of banker‚ we won’t approve Mr.Butler ‘s loan request From the perspective of firm’s financial advisor‚ it is better to finance from new shareholders than to borrow from bank. II. Analysis i. Funding gap There
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Butler Lumber Company Case Butler Lumber Company Case Summary of facts: In 1981 by Mark Butler and his brother-in-law Henry Stark founded the Butler Lumber Company. In 1988 Mr. Butler bought Mr. Stark’s share for $105‚000 to be paid of in 1989 out of which $70‚000 was raised by a loan carrying an interest rate of 11% and repayable at the rate of $7‚000 over the next 10 years. Over the past five years‚ Butler Lumber Company has experienced rapid growth in its business. It derives its business
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Enter Without So Much as Knocking What is the poem about? The Poem follows the journey of a man’s life from birth into society to death. It shows how he and his family conform to society as becomes just like everybody else taking a critical view of modern day society. The signs throughout the poem indicate that we‚ as humans‚ are told how to live. Beginning with the birth of the child in the hospital‚ comes home to hear Bobby Dazzler on the TV‚ where the baby is seen as lucky because he doesn’t understand
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Why does E-Bay have problems in its Asian Markets? TUI University XXXXXXXX Module 1 BUS 401 Introduction to International Business & Global Marketing XXXXXXXX 18 April 2008 There are several reasons why EBay failed trying to enter and get a foothold into the Asian Markets. American companies as a whole have had difficulties trying to get into the Asian Global market beginning in the year 2000. The biggest reason is our cultural differences. EBay was an outsider and did not understand
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1. What does Gilgamesh search for in his life and why? 2. In what ways does the story in Gilgamesh parallel the story in the Old Testament in the Bible? Gilgamesh searches for immortality in his life. He sees immortality as a meaning to peace‚ meaning and joy in his life. After the death of his friend Enkidu‚ Gilgamesh suffers a lot for 7 days and thinks the only way to get peace is the eternal life. Since he is man for one third and god for two thirds Gilgamesh wants the status of the gods to
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