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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Most of the times‚ the room is dark. There are days when it is bright and I can see almost everything clearly. The sunshine is reflecting through the cracks in the door‚ spreading across the room. My face breaks into a smile‚ my eyes shine and happiness fills my heart as I think I can leave the darkness. I can leave and be happy‚ be myself and no one will care. I open the door‚ just a little‚ and take a small peek. When I see the happiness shine‚ I expect to see smiling faces‚ people saying they’ll
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An Almost Real Life “A real life” is a short story; and part of a collection of stories called‚ “Open Secrets‚” written by Alice Munro. This story introduces a woman named Dorrie‚ a woman who lives in the countryside of Canada. For years since her brother’s death‚ Dorrie has remained stagnant in her home; collecting berries and muskrat furs to survive‚ as she and her brother have always done. Suddenly‚ and unexpectedly an Australian suitor named‚ Wilkinson Speirs‚ is introduced to Dorrie over dinner
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Sabira Abdulla Mr. Craig Sinclair English 102 25 September 2012 Dystopia: Ray Russell’s “The Room” The short story “The Room‚” by Ray Russell‚ focuses on aspects developing in our society and creates exaggerations to show a future world that psychologically destroys the people. It explores the excess advertisement and addiction to technology present in the West today. While the protagonist tries to escape his horrible life‚ where he seeks refuge turns out to be a conspiracy of the government
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CASE SUMMARY Date: 1/29/12 Case Title: Clarkson Lumber Company (CLC) (1) Background: CLC was founded in 1981 by Mr. Clarkson and brother-in-law Henry Holtz in the Pacific Northwest. The company has experienced rapid growth over the recent years and it is anticipated to continue. Mr. Clarkson bought out Mr. Holtz for $200‚000 to become the sole owner. This resulted in the need of more cash inflow from the bank. Even with consistent profits‚ the company has suffered a shortage of cash
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Clarkson Lumber Co. 1. Why does Mr. Clarkson have to borrow to support this profitable business? A. This company now faced the cash shortage trouble which we can see from its liquidity‚ such as current ratios‚ quick ratios and return on sales for these three years‚ following a decreasing trend. From accounts receivable statistics‚ we learn the cash inflows is decreasing since it takes longer time to collect the money from customers. And they still need to pay for purchases‚ so borrowing from
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Hector the Heinous In Homer’s Iliad‚ Hector is presented an intriguing character‚ a description that stems from a number of sources. First and foremost‚ unlike other main characters in the Iliad‚ including: Paris‚ Helen‚ and most of the important Achaeans‚ who all have histories‚ outside the Iliad that Homer’s audience was familiar with‚ Hector has no history outside of this story. We‚ the readers‚ are already familiar with Paris’ exploits‚ Achilles’‚ Agamemnon’s etc. but there are no tales of
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Comparison and Contrast: Achilles and Hector In Homer ’s epic poem‚ The Iliad‚ the subject is war. The Greek army has traveled to Troy to battle the Trojan army‚ resulting in a war that rages on for the better part of a ten year time span. The men of both armies fight not only for their prospective sides‚ but also for their own personal glory‚ which is consistent with the heroic warrior code of ancient Greece. Two of the main characters‚ Achilles and Hector‚ both continuously display a complexity
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accordance with the way Achilles and Hector interact with each other. People‚ heroes in particular‚ in this time are thinking of the glory or the shame they would receive after a battle‚ not whether or not the battle itself and the acts one commits are good or evil or pleasant or unpleasant. Achilles and Hector exemplify the truthfulness of the quote in the way they act throughout their battle‚ in the way Achilles gives his glory speech as Hector is dying and how Hector reacts‚ and in the way how Achilles
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Alice Munro has long been critically acclaimed as an expert in short fiction throughout the past decades. Her prose has earned the praise of many and is filled with evocative language and colorful characters. Within a period of seven years she published the short stories “Forgiveness in Families” (1974)‚ “The Moons of Jupiter” (1978) and “Prue” in 1981. All three of these stories center around women and their different experiences in life. In these short stories‚ Munro uses the main characters to
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