Statement of firm’s position Butler Lumber Company is looking for more cash due to a fast-paced lumber market and a shortage of funding. Their regular bank‚ Suburban National Bank‚ is not willing to expand their exiting loan to an amount greater than $250‚000 without securing the loan with real property. Another loan is being offered by a second bank‚ Northrup National Bank‚ for $465‚000‚ with the understanding that the previous loan would be rolled into the second. The interest on the new loan
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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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possible for the right price if at all rejecting the takeover bid will strengthen USG’s negotiation strategy and encourage the tendering company to increase their price. The bid was considered to be unsolicited‚ coercive and inadequate. Desert Partners has indicated a willingness to increase their tender offer to $50.00 per share in cash‚ debt‚ and stock. This change is not official and we feel that this makes their true intentions uncertain.
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Gospel Extravaganza I can honestly say that I’m truly blessed to know the faculty and staff that I do on campus. I’ve always been told that it’s not about what you know but about who you know and on May 30th‚ 2014. I’ve always been a fan of gospel music‚ considering I grew up in the church and most of my family is in the ministry in some way‚ I guess I didn’t really have a choice. I’ve been on he choir myself since before I can remember and there just something about gospel music that makes me
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Accounting Mitchells & Butlers Plc Mitchells & Butlers PLC Mitchells & Butlers PLC (M&B) is a major operator of managed pubs and restaurants in the United Kingdom. The corporation runs restaurants and pubs below the Alex‚ All Bar One‚ Browns‚ Crown Carveries‚ Ember Inns‚ Harvester‚ Innkeeper ’s Lodge‚ Metro Professionals‚ Miller & Carter‚ Nicholson ’s‚ O ’Neill ’s Premium Country Dining Group‚ Sizzling Pub Company‚ Toby Carvery‚ Village Pub & Kitchen‚ and Vintage Inns
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BUTLER LUMBER COMPANY CASE REPORT Francis Davidson Tanguay Paula Zalba Dounia Tazimezalek Carl Helou Applied Corporate Finance Larbi Hammami McGill University‚ Montreal Tuesday‚ May 14th‚ 2013 1. Problem 1.1 Why was sales growth so robust‚ but net income growth anemic at best? 1.2 Does Mr.Butler need additional funding to fuel his growth? 1.3 Why does butler lumber have a cash shortage problem to begin with? 1.4 Could the cash flows of Butler Lumber support additional debt? 1.5 Should butler lumber
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Butler Lumber Case Study Solution Options: The Butler Lumber Company (BLC) could obtain from Suburban National Bank maximum loan of $250‚000 in which his property would be used to secure the loan. Northrop National Bank is considering BLC a line of credit (LOC) of up to $465‚000. BLC would have to sever ties with Suburban National if they were to have this LOC extended to them. | 1988 | 1989 | 1990 | 1991Q1 | EBITDA coverage (times) | 2.5 | 2.26 | 2.15 | 2.1 | Debt Equity Ratio
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BACKGROUND & PROPOSAL In April of 1992‚ a movie industry analyst name Mr. David Davis of Paul Kegan Associates‚ Inc. was approached with an interesting and fresh business idea. The proposal was to create a new investment group‚ Arundel Partners‚ that would exist solely for the purpose of purchasing sequel rights to motion pictures produced by major U.S. movie studios. The proposal was unusual in that studios rarely sold rights to sequels prior to 1992‚ and interesting in the sense that it did
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Butler and Foucault The ideas of Foucault can be seen as an influence on Butler in a number of ways. The most important of these is Foucault’s treatment of power and its relation to the body and sexuality as well as his identification of the body as the central target of power. As Butler is trying to prove that gender and sex differences are a social construct‚ the idea that those in power as well as society can shape our perceptions of our bodies and sexuality would be appealing to use. However
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The Butler Lumber Company 1) Is Butler Lumber a profitable business? 2) Why does Mr. Butler have to borrow so much money to support their business? 3) Prepare pro forma income statement and balance sheet. Is Mr Buttler’s estimate loan requirement correct? What amount will he need to finance the expected sales increase? 4) As his financial advisor‚ would you support this expansion? As his banker‚ would you approve the loan and under what conditions? 1) The Butler Lumber Company has positive
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