RECOMMENDATION I recommend that Cartwright Lumber should extend a line of credit up to maximum amount of $465‚000 by Northrop National Bank. However‚ it should be taken some additional measures. In addition‚ Cartwright should develop a sustainable business strategy. These strategies based on extended and ongoing retail distribution‚ hiring sales representatives for telephone ordering and restructuring of sales department. As a result of this will be expected an improvement in enter and the target
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Clarkson Lumber Case FIN 4422-002 Spencer Ely September 22‚ 2011 Clarkson Lumber appears at first glance to be a healthy‚ successful company with increasing sales and rapid growth. Clarkson Lumber has relatively low operating cost‚ allowing them to give competitive prices‚ which results in their increasing sales. However‚ even with continual increases in sales‚ Clarkson Lumber has a constant cash flow problem that can be credited to several factors with the result of looking for additional
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Rationale Shipping services played a vital role in the development of modern economies. Nowadays‚ the shipping industry has grown tremendously with the introduction of highly sophisticated sea vessels. In the field of the shipping industry‚ computers are used by companies in order for them to have a quicker way in the issuance of tickets. A ticket gives the passenger the right to board a ship. It indicates that the passenger has paid for or is entitled to a specified service. In most cases‚ shipping companies
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Statement of the Problem At first glance‚ Clarkson Lumber appears to be a healthy company. However‚ despite rapid growth and increasing sales Clarkson Lumber finds itself searching for additional funding to compensate for a shortage in cash to fund its expanding business. Clarkson Lumber is in this situation for a number of reasons. The company’s inability to receive payments from customers in a timely manner created a severe impact in the company’s cash flows. The age of account receivables
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Clarkson Lumber Case I. Statement of Problem. The basis of Clarkson Lumber Companies problems occurs from their rapid growth in the recent years. Sales have increased by 54.7% from 1993 to 1995; assets have increased by 78.12%‚ while net income has only increased by 28.33%. In order to support these growth patterns‚ Mr. Clarkson has been required to rely on loans in order to have sufficient funds. Also‚ Mr. Clarkson decided to buy out his old partners Holtz’ interest in the company. Clarkson
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MERCHANT SHIPPING ORDINANCE 1952 MERCHANT SHIPPING (CENTRAL MERCANTILE MARINE FUND) RULES 1984 In exercise of the power conferred by subsection (8) of section 467 of the Merchant Shipping Ordinance 1952‚ the Minister makes the following rules: 1. These Rules may be cited as the Merchant Shipping ( Central Mercantile Marine Fund) Rules 1984 . 2. In these Rules‚ unless the context otherwise requires- "adopted children"- (a) in relation to a seaman who does not profess the religion of Islam‚
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Clarkson Lumber Company Situational Overview: Clarkson Lumber Company or the “Company” has encountered financial troubles in the midst of expanding revenues. In order to satisfy the demands of expansion and continue growing top line revenue‚ an increased amount of borrowing is necessary. This increased borrowing will be in the form of a revolving line of credit with an interest rate of 11%. The following paragraphs will examine what has led to the Company’s current illiquidity and what can be done
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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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Introduction The Stateline Shipping and Transport Company is negotiating a shipping contract with Polychem. Polychem would like Stateline to pick up and transport their waste products from their six plants to three waste disposal sites. There is a possibility that using the plants and waste disposal sites as intermediate shipping points could lower the overall shipping costs. A Stateline manager is trying to determine the shipping routes that will minimize Stateline’s total cost and if it would
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Kilkenny Lumber Case Study Assignment Part I 1. Productivity of the crew would be below standard. I believe for the productivity to be below standard because they were sent to this crew because of their lack of work. Just because they have been assigned to another crew‚ does not mean that they will begin to work well right away. When compared to the Equity Theory‚ I believe there to be positive inequity for the three men assigned to the new group. For being assigned to the group due
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