business: Cartwright Lumber Company Nature of the business: Retail distribution of lumber products Overview The Cartwright Lumber Company had been found in 1994 as a partnership by Mark Cartwright and his brother-in-law Henry Stark. Later in 2001‚ Mr. Cartwright bought out Stark’s shares and incorporated the business. Now‚ Mr. Cartwright is a sole owner and president of the company. The business is located in the Pacific Northwest region and does the retail distribution of lumber products in the
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Cartwright 1. Why has Cartwright Lumber borrowed increasing amounts despite its consistent profitability? Cartwright lumber has had to borrow substantial amounts of money due to the fact that the firm is a growing company with sales rising quickly. In order for the company to sustain this growth rate‚ they will have to get additional external funding. Growth in sales nearly doubled from 2001 to 2003‚ with a percentage growth of 18% and 34% in 2002 & 2003 respectively. While sales are growing steadily
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on American Idol. Later in the year 2013‚ she won Grammy’s for her hits “Tennessee Waltz” and “Natural Woman”. She once again got on American Idol this year because of her newest hit “Piece by Piece”. Kelly Clarkson now has 3 Grammy’s and other numerous industry hardware. Kelly Clarkson was born on 24th April 1982‚ in Fort Worth‚ Texas. She graduated from Burleson High School in the year 2000 (Biography.com). After graduation‚ Kelly had moved from Fort Worth‚ Texas to Los Angeles‚ California
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his point of view and the way he writes them‚ a good example of this is when Clarkson uses inappropriate sarcasm to belittle the sensitive issue. I begin to realize that he thinks any publicity is good publicity as has a passion for pontificating on subjects that he knows absolutely nothing about. He begins to patronize the tigers by trying to be humorous. He first uses this with the title‚ where he uses an innuendo. Clarkson claims that 600 million people in China use animal bones and penises in medicine
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The maximum loan that the Butler Lumber Company (BLC) could obtain from Suburban National was $250‚000 in which his property would be used to secure the loan. Northrop National Bank offered BLC a line of credit of up to $465‚000. BLC would have to sever ties with Suburban National if they were to have this LOC extended to them. As Mr. Butlers financial advisor‚ I would advise him to take the loan in an attempt to grow the business. One alarming fact about his business is the lack
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1. Why has Butler Lumber borrowed increasing amounts despite its consistent profitability? How has Mr. Butler met the financing needs of the company during the period 1988 through 1990? (It would be helpful to develop a cash flow analysis (use vs. source) and the cash flow statement based upon the income statement and the balance sheet provided in the case for the period of 1988 to 1990.) Through the period of 1988 to 1990 Mark Butler has met the needs of financing through decreasing the amount of
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The Lumber Room The text under analysis is written by an outstanding British novelist and short story writer Hector Munro. Hector Hugh Munro was a British writer‚ whose witty stories satirized Edwardian society and culture. The author’s style of writing is satirical in a humorous way. He uses a witty tone to mimic characters in order to subtly criticize them. The criticism is done in a subtle way that is humorous. The excerpt is homogeneous. The story is narrated in the 3rd person
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The Lumber Room The text under analysis is entitled “The Lumber Room” and it is written by an outstanding British novelist and short story writer Hector Munro. Hector Hugh Munro‚ better known by the pen name Saki‚ was a British writer. In her Biography of Saki Munro’s sister writes: “One of Munro’s aunts‚ Augusta‚ was a woman of ungovernable temper‚ of fierce likes and dislikes‚ imperious‚ a moral coward‚ possessing no brains worth speaking of‚ and a primitive disposition.” Naturally the last
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Butler Lumber Case Study I. Statement of Financial Problem Butler Lumber Company‚ a growing profitable business has exhausted its credit limit and the key issues facing it are: 1. Need for additional funds to continue the growth 2. Need to consolidate debt 3. Need to improve cash flexibility. In this case study I will be discussing following problem: Why has Butler Lumber been profitable in the increasing volume of sales but at the same time it is experiencing cash difficulties
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Butler Lumber After thorough review and analysis of Butler Lumber’s financial reports‚ I believe that it is in the best interest of Northrup National Bank to not only approve the requested $465‚000 loan‚ but look to increase the loan amount. A review of the 5 C’s will show in more detail the decision to approve this loan: 1. Capacity/Cash Flow: Butler runs a lean operation that has allowed them to have success due to competitive pricing. They have met their financing needs by increasing
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