Butler Lumber Company I. Statement of Financial Problem Butler Lumber Company is facing the internal risk of not having enough borrowing power to continue operations as desired. The owner of the company has established a relationship with a new bank to increase their borrowing power‚ however‚ based on Butler Lumber Company’s past Operating Statement and Balance Sheet‚ the company is expecting to continue substantial growth without considering external risks that may affect their business. Currently
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Mark Butler‚ sole owner and president of the Butler Lumber Company has approached George Dodge of the Northrop National Bank with a request for a loan of $465‚000 to finance the company’s anticipated growth in the near future. The company’s current bank cannot provide it with an amount higher than $250‚000‚ a figure too low to meet its substantially large working capital requirements. It is for this reason that Mr. Butler is seeking the new banking relationship. The problem that lies before‚ Mr.
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Clarkson Lumber Company Dishaun Aboulatifa‚ Ryan Domingo‚ Nathan Lugo‚ Erika Villaneda‚ and Heather Williams California State University‚ Los Angeles The Clarkson Lumber Company was established in 1981 which began as a partnership amongst Keith Clarkson and his brother-in-law Henry Holtz. The Lumber Company was located in the Pacific Northwest in a large city in a growing suburb. The company is known for their distribution of lumber goods in the local area‚ where they have access to railroads
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Butler Lumber Company Background: Butler Lumber Company was founded in 1981‚ in a large city in the Pacific Northwest. Typical products of the company included plywood‚ moldings‚ and sash and door products. After a rapid growth in its business during recent years‚ the company in the spring of 1991 anticipated a further substantial increase in sales. Despite good profits the company experienced a shortage in cash and found it necessary to increase its bank borrowings. Issues: • Butler Lumber
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The Butler Lumber company is facing cash difficulties due to the buyout of Henry Stark’s share and because it is operating a high growth rate. Thus‚ it is imperative to analyze the various options available to Mark Butler in order to meet the cash needs of the Butler Lumber Company. In order to support the reasoning for our recommendation‚ we constructed a ratio analysis (Appendix I; Exhibit 1). Even though the firm has realized increasing sales and decreased its operating and cash cycle‚ other
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http://www.dailymotion.com/video/xbgioh_the-lumber-room-by-hector-hugh-munr_creation The Lumber Room Saki THE children were to be driven‚ as a special treat‚ to the sands at Jagborough. Nicholas was not to be of the party; he was in disgrace. Only that morning he had refused to eat his wholesome bread-and-milk on the seemingly frivolous ground that there was a frog in it. Older and wiser and better people had told him that there could not possibly be a frog in his bread-and-milk and that he
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Objective National Bank of Canada ("NBC" or "the Bank") is tasked with the decision to review Dawson Lumber Company Limited ’s ("Dawson") request for an increase in its line of credit up to the amount of $10.8mm. Dawson intends to finance inventory and receivables with the line of credit. NBC must remain cognizant of the competitive landscape of the lumber industry and assess whether a focus on the retail segment is beneficial to Dawson ’s strategic plan. Given that Dawson is one of the region
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Case Study: Capital Budgeting Butler Lumber Company Abstract Butler Lumber Company‚ a lumber retailer with a rapid growth rate‚ is faced with the problem of cash flow shortage. In order to support this profitable business‚ BLC needs a great amount of cash. The loan of $250‚000 from Suburban National and a line of credit of up to $465‚000 from Northrop National Bank are the two choices provided. After a brief review of the operation and financial conditions of BLC‚ we first make analysis of
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‚ and living for the moment. At the same time‚ the Renaissance was also filled with great spiritual journeys. John Milton‚ and John Bunyan both had stories about spiritual journeys. The Fall of Satan From Paradise Lost ‚ The Pilgrim’s Progress‚ and Mcbeth are all great examples of the Renaissance showing their true spiritual colors. It seems that Milton and Bunyan both represent the Renaissance with their show of spiritual belief. John Milton was a great writer during the era of the Renaissance
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1. How much is the Bet Performer worth based on comparable transactions? What ship is the best reference transaction? (the closest comparable)? Comparable transaction is a conventional method of evaluating the value of something that is ready for sale. To value a ship‚ one had to identify a set of “comparable” ships where comparability was based on four main factors: ship type‚ size (DWT)‚ age‚ and condition. The Bet Performer was a 11 year old ship‚ built in 1997‚ 172‚000 DWT capsize bulk
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