Butler Lumber Company Case Study Report - 6120 Words

| Corporate Finance Case Study Report â…   | Butler Lumber Company | | | 2010-3-17 | | 陈æ€ ¡ 1091209054 ä ¸ ¥Ã¤ ¼Å¸Ã¦ ´  1091209036 Ã¥ §Å"Ã¥ ¸â€  1091209052 æ•â€"ç ¿â€ 1091209024 Abstract In this report, we study the case of Butler Lumber Company and analyze the financing problem it was facing. First, we give a brief review of the background information of the company. Then we diagnose the business by examining its financial statistics and discover that company was seriously lacking of cash due to the poor operation of working capital and cost control. Free Cash flow is the key concern in our estimation. â€Å"Break-Even Analysis† stressing on the balance of free cash flow is applied in the estimation of the loan amount needed for†¦show more content†¦He also held a $70,000 life insurance policy, payable to his wife. She owned independently a half interest in a house worth about $55,000 | * Illustrative provisions on this kind of notes: 1. Restrictions on additional borrowing would be imposed; 2. Net working capital would have to be maintained at an agreed level; 3. Additional investments in fixed assets could be made only with prior approval of the bank; 4. Limitations would be placed on withdrawals of funds from the business by Butler. 1.3.2 Operating Statements Table 1.2.2 Operating Statements for Years Ending December 31, 1988-1990, and for First Quarter 1991 (thousand of dollars) | | | | | | 1988 | 1989 | 1990 | 1991(Q1) | | | | | | Net sales | $1,697 | $2,013 | $2,694 | $718a | Cost of goods sold: | | | | | Beginning inventory | $183 | $239 | $326 | $418 | Purchases | $1,278 | $1,524 | $2,042 | $660 | | $1,461 | $1,763 | $2,368 | $1,078 | Ending inventory | $239 | $326 | $418 | $556 | Total cost of goods sold | $1,222 | $1,437 | $1,950 | $522 | Gross Profit | $475 |Show MoreRelatedCase Study Butler Lumber3374 Words   |  14 PagesCase 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 ofRead MoreFord Motor Vep4377 Words   |  18 PagesCorporate Finance Case Study 1 Butler Lumber Company 王金明 1101289036 æ Å"é› ªÃ¥ · 1101289033 æ Å"金é ¹  1101289039 å‘ ¨ æ  ¨ 1101289040 Abstract In this report, we study the case of Butler Lumber Company and analyze the financing problem it was confronted. In the first part, we give a brief description of the company, including the development process, equity structure, several important financial ratios which shows the basic conditions of the firm. Then we talk about the dilemma the company was facing and giveRead MoreFord Motor Vep4363 Words   |  18 PagesCorporate Finance Case Study 1 Butler Lumber Company 王金明 1101289036 æ Å"é› ªÃ¥ · 1101289033 æ Å"金é ¹  1101289039 å‘ ¨ æ  ¨ 1101289040 Abstract In this report, we study the case of Butler Lumber Company and analyze the financing problem it was confronted. In the first part, we give a brief description of the company, including the development process, equity structure, several important financial ratios which shows the basic conditions of the firm. Then we talk about the dilemma the company was facing and give someRead MoreManagement and Teaching Note19520 Words   |  79 Pagesecch the case for learning case collections update 2007 Quarter 4 Visit the case search section of the ecch website at www.ecch.com to identify relevant cases from the ecch collection and view over 31,000 full text inspection copies. ecch provides a free monthly e-mail update service giving details of new cases from all sources. Visit www.ecch.com to subscribe. Economics, Politics and Business Environment 9-407-049 ALLIANZ AG: BECOMING A EUROPEAN COMPANY Lorsch, JW; Chernak, A HarvardRead MorePropaganda by Edward L Bernays34079 Words   |  137 Pagesheard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. Our invisible governors are, in many cases, unaware of the identity of their fellow members in the inner cabinet. They govern us by their qualities of natural leadership, their ability to supply needed ideas and by their key position in the social structure. Whatever attitude one chooses toRead MoreProject Mgmt296381 Words   |  1186 Pagesdevelopment 7.3.2.1 Earned value system (F.4) 7.3.2.4 E.V., performance status report 7.3.2.2 E.V., forecasts 7.3.2.3 EV., to complete index (EAC) 7.3.2.5 Schedule and cost variance Developing a Project Plan 4.2.2 Planning tools 6.2 Sequence activities [1.2] 6.5.1 Bar and milestone charts 6.5.2 Critical path method (.2) 6.5.2.6 Lead and lag activities [6.2.3] F.3 Project duration Chapter 14 Project closure Closure report 4.5.1.4 Organization processes (.5) [4.5.3 4.6.3.2] 4.6.1 Administrative

Literacy As A Social And Cognitive Process - 1320 Words

Literacy is not simply being able to read and write. There are many different definitions of literacy for instance the NCTE states that Literacy is thought of as a purposeful social and cognitive process. Another definition by the IRA states that Literacy is the ability to read, write, understand, interpret and discuss texts. Empowering Literacy encompasses both of these definitions, but also includes the consideration that Literacy Empowers one to take control of their own life. Empowering Literacy enables one to improve their life or to improve the lives of others. In order to understand Empowering Literacy we need to understand the difference between Empowering Literacy and Domesticating Literacy. Fin explains â€Å"first there is empowering education, which leads to powerful literacy, the kind of literacy that leads to positions of power and authority†. This type of literacy allows the student to take power over his/her learning. He then states â€Å"second, there is domesticating education which leads to functional literacy, literacy that makes a person productive, dependable, but not troublesome†. This type of literacy takes his/her learning power away. Maybe a better way to explain this would be that Empowering Literacy is memorable and serves a specific purpose in a student’s life. Whereas Domesticating Literacy takes place to please someone else and is not purposeful or memorable. Empowering Literacy is multimodal. As Siegel states â€Å"despite the claim thatShow MoreRelatedThe Aging Process Of Aging910 Words   |  4 Pagesand development as a lifelong process†(Novak, 2012), in other words, we as humans are constantly changing, evolving and adapting to the world we live in. Many studies delve into the aging process, physical, mental and emotional to name a few. These studies have been cross-sectional, longitudinal as well as using cohorts to develop conclusions that will enlighten and enhance the aging proces s in society. Researchers have based their studies on the process of aging, the aged and the manyRead MoreHealth Literacy And Its Effect On Health1501 Words   |  7 Pages Literacy is the ability someone has to read and write. Most of us are taught this skill when we are young. Those of us who learn this during childhood seem to forget this is a privilege not everybody has. The people who do not has this advantage are affected in more ways than we think. Especially when it comes to their health, this understanding is known as health literacy. â€Å"Health literacy is the degree to which individuals have the capacity to obtain, process, and understand basic health informationRead MoreThe Impact Of Visual Literacy On Today s Technology913 Words   |  4 PagesImpact of Visual Literacy in Today’s Technology Why is visual literacy important in today’s technology and how does it affect our day-to-day lifestyle. As we walk about our daily, commute how does visual literacy compare and contrast in our stride. Can we describe how visual literacy reflects as universal language in our lifestyle? What does the impact of visual literacy have on the communication and global understanding of it as well? Visual literacy can portray itself through so many channelsRead MoreSocial And Cultural Factors Have A Significant Influence1680 Words   |  7 Pages Social and cultural factors have a significant influence on the way a child interprets and views language. 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Also, language is not enough to be recognised in a specific community or group. Person must behave and act in ways considered right among this community or group. This essay ...... Forms of literacy There are variety criteria of literacy that haveRead MorePiaget and Vygotsky1272 Words   |  6 PagesIntroduction Cognitive development is interpreted as the gradual orderly development of thinking, understanding and reasoning processes from birth to maturity. The aim of primary school is to build the knowledge and the skills children need to have for further cognitive development. Therefore, the constant development of coginition is very important to young children, because it gives them the basic understanding towards themselves and the world. As a result, in order to assist and support children’sRead MoreTheories And Practices Of Teaching And Learning Literacy1339 Words   |  6 Pagesand learning literacy across preschool, elementary, middle and early high school. 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Democracy in the Philippines free essay sample

This is the moment in the history of society where technology is at its highest point and it continues to move forward. This is also the occasion when democracy in the Philippines faces one of the greatest challenges in its existence after it has been restored several times. A new round of scandal has brought democracy in the Philippines to another challenging point. If democratic revival is possible it can only come from the people themselves, and from the higher power directing it. This paper is to tackle current issues in our government that I consider a tele-novela which remains a box office hit. What I think about the ongoing saga regarding former President Gloria Macapagal-Arroyos (GMA) efforts to leave the country to get medical treatment abroad and the Aquino administrations efforts to stop her. Not to mention the controversial TRO issued by the Supreme court in connection with the refusal of the DOJ secretary to implement the ruling, and most specially, the infamous ‘electoral sabotage against GMA’. All these current issues affect the democracy of our country. The strength of democracy is measured, not by economic gains, but primarily by the strength of the country’s rule of law and its justice system. The state of innocence until proven guilty is a legal right of every accused in a lawful trial. The trouble of evidence legally obtained and lawfully acceptable in a court of law is therefore on the entity that prosecutes the accused. These facts must show guilt of the accused ‘beyond reasonable doubt. ’ If reasonable doubt continues, the accused must be set free. This is how the court of law thinks and acts, in an ideal world. Sadly, the court of public view seems to sway with the wind. November 15, 2011 is a shameful day for our nation. The court of law is dragged down as substandard to the court of public opinion and this is with the initiation of the government. Former President Gloria Macapagal-Arroyo, accused (by the Aquino government and a large part of the population) of involvedness on a number of unlawful/illegal acts, was not allowed by the Aquino government to board an airplane to travel abroad and seek further medical help. This is done after a temporary restraining order (TRO) has been released by the Supreme Court with immediate effectivity. A scandalous public display of an awful wit develops. What Is a Restraining Order? According to Lawyers. com: â€Å"A restraining order is a court order directing someone to follow certain conditions or to not do certain things. Its literally a piece of paper a judge signs stating the terms someone must follow or risk legal consequences. Restraining orders are often used to give legal protection to victims of domestic abuse, harassment, stalking and neighborhood disputes. Temporary restraining orders, another short-term order type, are usually in effect for  less than a month. This order is issued when a victim applies for a restraining order. Its purpose is to give the victim protection until a hearing can be held and a restraining order can be issued. † I noticed a lot of comments blaming the Arroyos. So far, most of the basis forwarded by these same comments relate to things outside of the immediate concerns of the drama at the NAIA. Some question the hurriedness of the Arroyos to buy plane ticket even before the release of the TRO. If the woman is truly in need of urgent medical attention, the rush is but necessary to the need. They have the money. Still, one cannot avoid the growing suspicion that the St. Luke medical team was not able to diagnose precisely all the medical illness of GMA, is I think, reason enough for a family that has the money, to look for the best medical help for their loved one in another country. Based from the Inquirer news report: The Supreme Court on Tuesday, Nov 29, 2011 clarified that it did not suspend the temporary restraining order (TRO) it granted to former President and now Pampanga Representative Gloria Macapagal-Arroyo despite her failure to fully comply with the conditions of the injunctive relief. At a news briefing, court administrator and spokesperson Jose Midas Marquez said the high court en banc issued the clarification amid allegations that the justices had temporarily recalled the TRO. â€Å"The court resolved to clarify that the TRO was not suspended even with the finding that there was no full compliance with the conditions of the TRO,† Marquez said. â€Å"There was †¦ some sort of confusion whether the TRO was in full force and effect pending full compliance of the petitioner, and that is why the court had to make a clarification,† he added. The court’s latest resolution debunked the claim of Associate Justice Ma. Lourdes Sereno that majority of the justices moved to suspend the injunctive order during its special session on Nov. 18. The TRO prevented Justice Secretary Leila de Lima from enforcing the travel ban she issued against Arroyo and her husband, Jose Miguel â€Å"Mike† Arroyo. â€Å"There was just a misunderstanding and confusion so the court resolved to clarify. I think that issue should rest for now,† he said. The Supreme Court on Tuesday,11/29, also blocked the move of the Department of Justice (DOJ) to summon the attending physicians of Arroyo in a bid to justify De Lima’s decision to bar her from going abroad. Then who committed a mistake here? Some people questioned how the Arroyos know what ruling is about to be served. That could simply be explained by the real odds of this family having a person in the offices of the Supreme Court to notify them of what decision is forthcoming and use cell phones to pass on such information. It is obvious that the Arroyos do have the funds to pay for expensive plane tickets. GMA still is an elected public official and benefit from the privileges rightfully connected to that office. However, to mean that the judges owe their positions to the Arroyos and are for that reason indebted to give a positive ruling is tearing down one of the three pillars of this government. Without determining the ‘burden of proof’, a lot of people have assumed the position of a judge and marked these justices accountable as charged. In a press conference, Jose Midas Marquez said majority of the magistrates believe that â€Å"it might probably work as an injustice to them of their continued inclusion in the Watch List Order (WLO)†¦Majority is of the thought that the TRO is consistent with the constitutional presumption of innocence. He said, however, that the TRO can be lifted anytime if the high court deems forthcoming arguments sufficient to counter those of the couple. In this case, in my point of view, I dont believe the Arroyos are to blame for the terrible incident in NAIA. The supreme judge of the law of the land has pronounced judgment in favor of allowing th em to travel abroad and such order is to take effect right away. According to the Philippine Constitution: The Supreme Court of the Philippines (Filipino: Kataas-taasang Hukuman ng Pilipinas or Korte Suprema) is the Philippines highest judicial court, as well as the court of last resort. Therefore, the Department of Justice has no jurisdiction to second guess the Supreme Court unless it responds with the required legal procedures to overturn the order. Unreasonably, the DOJ challenged the very order of the Supreme Court in a manner inappropriate of an agency of the executive branch of the government. Sad to say, I dont like one bit of what the Department of Justice is doing on this case. In another different scenario, GMA is charged with electoral sabotage. Manila Times Published :  Friday, October 21, 2011 A JOINT fact-finding team on Thursday ordered the filing of formal charges for electoral sabotage against former President and now Rep. Gloria Arroyo of Pampanga province and several others in the 2007 polls. In its 81-page Initial Report, the team from the Department of Justice (DOJ) and the Commission on Elections (Comelec) recommended that eight others be charged for the same unbailable offense—former Comelec Chairman Benjamin Abalos Sr. ; former Comelec Commissioner Nicodemo Ferrer; former DOJ Secretary Alberto Agra; Michael Abas, former acting Region XII election director; Col. Reuben Basiao, former Region XI chief of the Intelligence Service of the Armed Forces of the Philippines (AFP); former Gov. Andal Ampatuan Sr. of Maguindanao province; Lintang Bedol, former provincial election supervisor of Maguindanao; and Norie Unas. The report said that Mrs. Arroyo gave â€Å"direct instruction to manipulate the results† of the 2007 race for Senate seats in Maguindanao â€Å"by ordering (Ampatuan Sr. ) to implement a 12-0 result in (Maguindanao) in favor of (Arroyo administration) candidates and to alter or change the results if necessary. The joint probe further recommended expanded investigation of supposed involvement of Mrs. Arroyo’s husband, lawyer Jose Miguel â€Å"Mike† Arroyo, in the poll fraud. De Lima said that the probers headed by Prosecutor General Claro Arellano would convene on Monday to discuss other recommendations made by the DOJ-Comelec panel. In this case, Arroyo was charged primarily based on testimony of former provincial administrator Norie Unas, who claimed he had heard the former president instruct Ampatuan to ensure 12-0 victory of Team Unity in his rovince during an event in the Palace days before the 2007 polls. I believe this accusation is inescapable (if there’s such a word)! The Philippines is now considered a corrupt country and this is one proof of it. The sinners should be punished and there is no exception to this rule. Arroyo failed to submit her answer during the two-hearing preliminary investigation by the joint panel that did not grant her plea to have more ti me to file a counter affidavit. We may say that the lady is heartless and could just be faking it, and is likely to just want to escape prosecution. Yet, as already identified by the same Supreme Court, the executive branch has legal options to bring back the Arroyos to face charges filed against them without creating another incident that would bring us all to great humiliation. I’m definitely sure that democracy is a fundamental way to reassure some freedoms and never doubted its importance to the economic development of societies. I could not think of any other efficient kind of government in a long term process of development. Democracy as defined â€Å"is a government by the people, for the people, and of the people. † Yes, by the people whose absolute right to suffrage has been the accessory or partner in crime of the corrupt officials in pushing through their vested interests and motives. Enormous vote buying and vote shaving and filling become the indicator of most national and local winners whose rise to power was aided by the political alibi to lessen poverty. Eventually, these so – called leaders ruin the essence of democracy of our country.

Oscar Wilde Influence Essays - Operas, Anglo-Irish People

Oscar Wilde Influence One of the most difficult obstacles a playwright has to overcome is finding a way to engage and interest their audience to their piece. Often having to deal with such problems such as boredom, inattentiveness, or just a general lack of interest, playwrights often invent dramatic devices that entice and entertain their audiences. An example of this is the character Lane in Oscar Wilde's "The Importance of Being Earnest." Not only does he portray what the public sentiment is like, he also offers a channel for Wilde to portray the handling of the "lower orders" by the English upper class. Lane, as any good servant should be, is loyal and trustworthy towards his master Algernon. Lane dutifully obliges to his master's requests, and even defends Algernon when he gets in trouble. For example, when discussing with Lady Bracknell the subject of the missing cucumber sandwiches, Lane quickly replies, "There were no cucumbers in the markets this morning,...I went down twice." The reader and the audience are both wise to this ploy. Lane's character also serves a very interesting dramatic function in this piece, in that he serves as a facilitator for Wilde to comment on social perceptions of not only marriage, but of the lower classes as a whole. Before the audience is introduced to Jack, Algernon comments, "Lane's views on marriage seem somewhat lax. Really, if the lower orders don't set us a good example, what on earth is the use of them? They seem, as a class, to have absolutely no sense of moral responsibility." This is a rather bold statement, and it relates to the piece in that it portrays"aristocratic" sentiment towards marriage and society. It also serves a function in portraying that aristocratic sentiment is not always the correct one. The comment shows more that this elitist sentiment is skewed, and out of touch with reality. If it were correct that Lane had no sense of moral responsibility, he probably would not have saved his master from inevitable shame later in the act. While doing this produces some humor in the audience, it is interesting to note that Algernon's perceptions of his servant are so different from how Lane is portrayed in the piece. Lane allows the audience to see how warped high-class perceptions are of society. In the end, Lane is less of a servant to Algernon, and more of a servant to the audience, for he allows them to see things the way they really are in society.