...current expansion rate. Mr. Clarkson’s decision today is whether to expand and, if so, how to raise new funds. Answer: The loan requirement of $750,000 would be dependent on how Mr. Clarkson uses trade credit as a source of funds. If they don’t take advantage of the trade discount and sell $5.5 million and their % of sales were to remain same for the rest of the items in the balance sheet, they would have more than $298,000 increase in uses of cash. This is not including the previous $399,000 that they have outstanding on the previous line of credit from Suburban bank. If you subtract, you can see that he will already use $697,000 out of their $750,000. Consequently, if they grew at the same rate, they would blow through the $750,000 line of credit too. As Mr. Clarkson’s advisor, I would advise him to 1. Reduce his liabilities and debt before accruing more and being consumed with payments and interest payments 2. Set a reasonable stock level to control inventory 3. Mr. Clarkson should consider other forms of financing if he wants to continue at the same growth rate 4. Mr. Clarkson should explore the option of equity financing 5. Mr. Clarkson should also let his brother in law keep his share in the business. This will ease off the financial pressure 6. Mr. Clarkson should have stricter policies on his customers 7. The company needs to think of internal funding through a higher profit retention rate For the banker, until the expansion rate is reduced...
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...Case Discussion Questions: 1) Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? a) Clarkson Lumber has experienced a rapid growth in sales (see net sales below) and the company is finding it hard to find cash to sustain their level of growth (see notes payable below). The amount of working capital needed is outpacing the ability of the company to produce the funds themselves. To keep up with the increase of sales they need to borrow funds to increase their purchases (see Purchases below). • Net Sales = 1993-94 +19.0%, 1994-95 +30.0% • Notes Payable = 1993 $0, 1994 $160, 1995 $490 • Purchases = 1993-94 +23.5%, 1994-95 +31.1% Compounding the problem is an increase in accounts payable over time which is contributing to the shortage of cash (see accounts payable below) and again at the same time purchases are increasing (see purchases below), again leaving the company with less cash. • Accounts Payable = 1993 $213, 1994 $340, 1995 $376 • Purchases = 1993-94 +23.5%, 1994-95 +31.1% An additional contributor to the cash shortage is the fact that the accounts receivable per sales is also increasing over time (see AR/Sales below). Clarkson Lumber is taking a longer time to collect from their customers, leaving the company longer without that cash. By 1995 the AR/Sales ratio is in line with other low profit lumber outlets in the industry (which is 13.7%). • AR/Sales = 1993 10.5%, 1994 11.8%, 1995 13.4% 2) How has Mr...
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...Reader heading: Jaguar F-Type The Clarkson Review: Jaguar F-Type S (2013) It’s a Hard Life English 102-034 January 27, 2015 Abstract The Jaguar F-Type, Jaguar’s first sports car since the E-Type died off in the early 70’s. Jaguar’s idea of the F-Type has been around since the late 90’s, but never followed through, but now it’s here. Considered to be one of the best sports cars on sale, the F-Type has overwhelmed the media and has convinced consumers it is ready to take down its competitors. Originally released as a roadster only, the F-Type has spawned many variants since its launch in 2013. The F-Type has won numerous awards and has shown the world that Jaguar through style, performance and value still knows how to build a true sports car. Article Summary In Jeremy Clarkson’s article, “The Clarkson Review: Jaguar F-Type S (2013) It’s a Hard Life”, written in the Sunday Times Driving, Clarkson talks about the F-Type and what he thinks of it. In his article, Clarkson begins by talking about the last sports car Jaguar produced, the E-Type. He talks about how when world famous singer Frank Sinatra first saw the E-Type, he said, “I have to have this car, and I have to have it now”. He also talks about how when the E-Type first came out, people didn’t car that buying a “Made in Britain” sports car from those days, meant that you would arrive in a cloud of oil and steam. Clarkson then exclaims, that “history has repeated itself with the F-Type”. He tells us...
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...Seems like everybody’s got a price I wonder how they sleep at night They come knocking on my door To say hello But they never did this before Why is everyone so serious? Acting so mysterious They’re saying my pearl Is the key to the world And now it’s all that they adore Everybody look to their left Everybody look to their right Can you feel that yeah Kino’s pearl will be gone tonight It’s all about the money, money, money They just want my money, money, money Just wanna make a living Without all the deceiving Ain’t about the cha-ching cha-ching Ain’t about the ba-bling ba-bling Just wanna make a living Without all the deceiving We need to take it back in time When our songs made us all unite Together as one like one person There’s a ton of us getting tired Why are we so worthless? Money can’t buy us happiness Let’s all get down and step as one Guarantee we’ll be feeling obedient Everybody look to their left Everybody look to their right Can you feel that yeah Kino’s pearl will be gone tonight It’s all about the money, money, money They just want my money, money, money Just wanna make a living Without all the deceiving Ain’t about the cha-ching cha-ching Ain’t about the ba-bling ba-bling Just wanna make a living Without all the deceiving It’s all about the money, money, money They just want my money, money, money Just wanna make a living Without all the deceiving Ain’t about the cha-ching cha-ching Ain’t about the ba-bling ba-bling Just wanna make a living Without all the...
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... Salem Poor: A free black man Margaret Ayres Revolutionary War biography 5th Grade Literacy May 11 ,2017 Who was Salem Poor? He was a black man who fought in the Revolutionary War. His early life, adult life, and contributions to the Revolutionary War made him a brave man and a strong soldier. Poor’s early life was working as a slave for John Poor and Rebecca Parks. He was born into slavery in 1747. He was born in Andover, Massachusetts on a plantation. His parents are unknown and same if he had any siblings. He did not receive any training/schooling of any kind, and if he did he would be taught at home. He grew up his childhood as a slave and worked hard for no payment of any kind. Salem Poor didn’t have a last name so he took the name of one of his slave owners John Poor. He wasn’t a free man till his adulthood. What did Poor do during his adult life? The first time he got married he married a woman named Nancy Parker and had a son named Jonas Poor. He left her when he joined the war. The second time he got married he named a woman named Mary Twig ,and broke up with her when she got them kicked out of a town and before Salem left he posted an ad in the Boston gazette that told everyone to not trust her. The third time he got married he married a white woman named Sarah Stevens and he broke up with her too. He did not get a job because he was a slave until he was 22. Poor bought his freedom when he was 22 for 27 pounds which...
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...Anniversary you’ll never forget Statement to Police Officer: The time was 11:30 p.m. tonight, we had just arrived home. We walked into our home and felt a cold breeze upon entering, the curtains were blowing and the patio door was open. We flipped on the lights and we saw our home destroyed, ransacked. Our television was ripped off the wall, the leather couch was sliced with a sharp object, my $10,000 wedding set gone! I immediately called 911 and waited outside until you arrived. Statement to the Reporter: My husband and I were out celebrating our anniversary Friday night. As we entered the house, we felt a cool breeze and saw that the curtains were swaying back and forth, we immediately flipped on the lights and saw our house ransacked, demolished and personal belongings missing. Our television was ripped off the wall, our couch has been thrashed with a sharp object and white fluff was everywhere, my jewelry box had been messed with, my $10,000 wedding set was stolen. I immediately called 911 and waited until help arrived. I hope that the suspects try to pawn my rings, so they can be caught and punished. Statement to Friend: OMG! Kim, you won’t believe what happened Friday night! Jeremy and I went out for our anniversary and when we arrived home, we felt a cool breeze and our curtains swaying back and forth. I clinched onto Jeremy and was so scared, I flipped on the lights and our house had been broken into and our television was ripped off the wall...
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...to see that author didn’t treat article as seriously as it needed to be treated; his use of sarcasm belittles and demeans what the majority of people find an important environmental issue. However, I wanted to point out that every single bit of the article is rude. Even the title is creating a negative tension. “Stuff” – this word makes reader think to stop caring about this issue and just fill the tigers with stuffing once dead. “Long live extinction” – these words tease the reader with contradiction, and makes them think that everything is going well and extinction is impossible. I think that the use of this language in the title shows that the author is trying to manipulate the reader by making them agree with him through humour. Mr. Clarkson is not showing the whole picture of the problem of extinction. The reader thinks that everything is going well, and people have time to change it. However the problem of extinction is serious, and people should think about it now, because in the future it will be too late. As it was written in the article, tigers provide business; example for it is “demand for illegal tiger parts is booming”. I can agree with the fact of people need money to feed families, clothes and shelter themselves to survive. But I want to argue with this...
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...The movie Amazing Grace open our eyes about how in the 18th century millions of men, women and children were taken from Africa and sold into slavery to England. It gives us a more detailed information about the horrible conditions slaves were brought into England and the process it took for William Wilberforce to overcome the English idea of having hundreds of slaves dying every day to satisfy their necessities. William’s main goal was the abolition of slavery which it took him almost all his life to achieve it. William Wilberforce was an ordinary man and he was able to overcome fear and fight for his believe. I do think the movie Amazing Grace is accurate according to the readings we have been doing because it’s a little related one with the other one; However, I don’t think the readings have given us much to write to compare it with the movie, but I did found a few things relevant that made my understanding of slavery much clearer. One of the parts that I read and where by watching the movie made my understanding better was William Pitt. William Pitt, the Prime Minister, he was William Wilberforce’s best friend. From the handout we can only know that he helped the British Empire (253), but the movie gives us way more information about him. He had a tremendous impact on William Wilberforce’s life. He was able to keep Wilberforce in good mental standing and also assisted in the eventual success of his projected law which banned the slave trade. Since the beginning that I found...
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...Being the only girl in my family, I never had any sisters growing up. That was until I met you. Taylor, I knew from the moment when I met you in GSU as my Rho Chi we’d be best friends. I feel like we are the same exact person. From the way we speak, to the way we think and act. Being a family means you are a part of something very wonderful. It means you will love and be loved for the rest of your life, no matter what. And That’s exactly how I feel in my Delta Gamma Family. I couldn’t have been accepted in to a more perfect family for me. For the past 12 weeks you’ve watched me grow from a potential new member to a new sister of Delta Gamma. You guided me into being a better person and taught me how to stay true to myself and how to uphold the values of our sorority. Now this is me saying Thank you. Thank you for being a reliable supporting caring big sister to me. Although you’re leaving me in a couple weeks, our sisterhood is not a destination, but a journey that’s just begun. Thankfully you’ll be right around the corner from me in Bloomfield. Im so proud of you for accomplishing so much in your college career. From being in red caps, to becoming a sister in Delta Gamma and now being my perfect big! Congratulations on graduation in a few weeks and good luck in the future. With your determination, pride and integrity you will be successful in anything you put your mind too. Come rain or come shine, low or high tide, always I will stay, right by your side. We’ll always be anchored...
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...ENTERTAINMENT SPORT MONEY LIFESTYLE HEALTH & FITNESS FOOD & DRINK TRAVEL CARS VIDEO TOP STORIES new caption PM: Farage's call to scrap race laws 'deeply concerning' The Independent Australia's 'Jihadi Jake' In Suicide Attack Sky News new caption Two police officers shot in Ferguson Sky News new caption Who could replace Jeremy Clarkson on Top Gear? Motoring Research CAR CRASH CLARKSON: 5m viewers, 214 countries, three Stigs: Top Gear in numbers Motoring Research BBC faces multimillion-pound bill from Jeremy Clarkson suspension The Guardian Jeremy Clarkson is 'huge talent' says Cameron Sky News new caption Gigi Hadid: Who is fashion's newest 'It' girl? PLUS-SIZED ANIMALS new caption Massive 13ft alligator spotted on Florida golf course The Independent new caption Giant lobster ancestor was once Earth's biggest animal The Verge new caption Chelsea branded '11 babies' and 'pathetic' after defeat The Telegraph MORE CHAMPIONS LEAGUE: Champions League in pics: Chelsea fan Clarkson spotted...
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...The Narrative of the Life of Frederick Douglass expresses various rhetorical strategies that the author, Frederick Douglass, employs in order to establish his argument regarding slavery. One such strategy, categorization, is used to categorize all slaveholders into an antagonistic role. Even though Douglass experienced moderately just slaveholders during his captivity in Maryland, Douglass' rhetoric allow readers to classify slaveholders as the enemy despite their infrequent generosity. For example, one of Douglass' masters forces Douglass to earn nine dollars a week through the shipbuilding trade; subsequently, Douglass is allotted little compensation. He states, " . . . I became quite restless. I could see no reason why I should, at the end of each week, pour the reward of my toil into the purse of my master."; furthermore, he states, "He was satisfied with nothing but the last cent." Thus, Douglass grows to detest his master; moreover, readers of The Narrative of the Life of Frederick Douglass identify with Douglass' categorization. Frederick Douglass utilizes description as a tool to convey his rhetoric in addition to his use of categorization. In various instances throughout his narrative, Douglass depicts specific examples of the inhumane brutality associated with slavery. When Douglass was a young adolescent, two rampaging oxen narrowly miss gouging him and eventually become the cause for Douglass' master to whip him ferociously. Additionally, description is used to...
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... 3 The Narrative of the Life of Frederick Douglass, written in 1845, is an autobiography that elucidates the hardships of the author's life and his eventual escape from slavery. The book allows us to see what slavery was like for those who unfortunately experienced the horrendous event.4 The main conclusion found in the autobiography, presumably what led to Douglass’ escape, was the idea that liberty and freedom are inseparably linked. This conclusion allowed Douglass to come to the realization that without both of those ideas, he had nothing. Unfortunately, the liberty that Douglass possessed in his life led him through misfortune and anguish. The new profound knowledge that Douglass obtained throughout his life caused him pain, but in the end allowed him to commit a bold course of action of escaping from slavery. The start of Douglass’ liberty began with him learning to read and write. Though this seems as something that would allow Douglass to gain an advantage, it caused him more grief than good in his life. 7 While living on Master Hugh’s land, Douglass was taught to read--by accident--by his mistress. 5 Douglass believed her to be a: “kind and tenderhearted woman” (Pg 28). At the start of acquiring the ability to read, Douglass had the motivation to advance his knowledge and learn to write.2 He soon found that his new knowledge would give him “sorrow” and bring him massive, undeniably horrendous grief (Pg 28). 6 From his new knowledge, Douglass was able to understand what...
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...PAndorum You excited? – Kaleb You think I would be. At first I was relieved to be doing solo repairs. Now the whole idea makes me nervous. – Scott You gotta relax man. You’re the best deep space welder the UNSC has to offer. You’re gonna do just fine. – Kaleb Yeah, thanks. Well alright, what do you got for me today? – Scott Lets see…Oh here we are. Apparently the UNSC lost communication with one of their ships. The UNSC Valkyrie. – Kaleb Oh great the Valkyrie? That’s the ship they conduct all those weird experiments on Spartans. – Scott Will you let me finish? They reported a rupture in the hull on the lower deck before they lost contact. So while you’re there can you fix the comms too? – Kaleb Wonderful my first assignment and it’s on the Valkyrie. How far out is it? – Scott Its far enough that you have to take a Saber. Stop bitching; you got a simple hull repair. Just get there and do your job. Ill even leave a channel open for ya, you’ll be done in no time anyhow. – Kaleb Oh my hero – Scott Get going, the quicker you get out the faster you’ll be back. – Kaleb Alright wish me luck – Scott I’ll keep my fingers crossed for ya – Kaleb GOES TO COUNTDOWN Nothing to be nervous about. I’ve done this a dozen times. – Scott He gets in the saber and soars off into space. Hey Kaleb can you hear me? – Scott Yeah I can hear ya loud and clear – Kaleb Hmm, the ships comms must have come online – Scott Maybe the crew fixed it. – Kaleb Yeah, but if they did fix...
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...Christian Meyers The Abolitionists Soul In “Learning To Read and Write”, By Frederick Douglass, Douglas discusses how he seceded in learning to read and write, and the obstacles he faced during slavery in the early 1800’s. Furthermore, he speaks about the tactics he used to succeed, being that slave’s weren’t supposed to know how to read and write. As well, I see that he tells how his mistress, the wife of his owner, would get upset if he was caught reading a newspaper, or anything that she considered would be teaching of any sort to Douglas. Douglas states, “The first step had been taken”, which were powerful words to me because to him, the world had opened his eyes to something that was that he wasn’t suppose to know about in the times that he was living in. With his mistress teaching him the alphabet, combined with working at the shipyard placing letters on the timber, he utilized being exposed to that type of information, which was something that most slaves at the time, never thought about. Douglas shows that no matter what obstacles that are placed in front of you, there’s always away to make it work to your advantage, without fully exposing you intent. . The author faces many conflicts in his quest for knowledge. One of those conflicts is that at the time, Douglas felt that, “Learning to read had been a curse rather than a blessing.” Learning to read had showed him how other slaves had just settled for what they had been given, and that he was he was born to...
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...album cover AdChoices Cloudy Leicester / 10°C Edit Settings NEWS ENTERTAINMENT SPORT MONEY LIFESTYLE HEALTH & FITNESS FOOD & DRINK TRAVEL CARS VIDEO BREAKING NEWS: Ex-TV weatherman Fred Talbot jailed for five years over historic child sex abuse new caption Male domestic violence victim: I never thought this would happen to me The Independent Iron man gives bionic arm to boy born with a missing limb Iron Man star Robert Downey Jr gives bionic arm to boy born with missing limb Sky News new caption Jeremy Clarkson 'alerted BBC bosses to fracas incident' The Guardian CAR CRASH CLARKSON: 'Clarkson threatened producer with dismissal' Sky News Who could replace Jeremy Clarkson on Top Gear? Motoring Research 5m viewers, 214 countries, three Stigs: Top Gear in numbers Motoring Research new caption The Sound of Music: where are the stars now? Freaky Friday new caption Happy Friday the 13th! 13 superstitions and their origins new caption The weird world of phobias Ed Miliband in his kitchen Another PR opportunity... another PR disaster for Ed Miliband new caption Gentlemen, start your engines! F1 2015 season preview MORE ON FORMULA 1: Sauber team principal won't quit in row over number of signed drivers...
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