GOVAN’S CATERING SUPPLIES 1. Comment on the performance of the company. 2. Why has this profitable company had to borrow so much money from the bank? 3. What overdraft would Govan expect to have if he continues with “business as usual”? 4. Should Govan take advantage of the 2½% settlement terms offered by his suppliers? Explain. 5. As Govan's financial adviser, would you encourage him to go ahead or reconsider his anticipated expansion and his plans for its financing? What should he do? 6. As his banker would you approve his loan request? If so, would you put any conditions on the loan? 7. (Optional extra question…) Estimate a selling price for the business. GOVAN’S CATERING SUPPLIES After …show more content…
As part of its customary investigation of prospective borrowers, Investec Bank sent inquiries concerning Govan to a number of firms that had business dealings with him. The manager of one of his large suppliers, the CaterTech Company, wrote in answer: The conservative operation of his business appeals to us. He has not wasted his money in disproportionate investments. His operating expenses are as low as they could possibly be. He has personal control over every feature of his business, and he possesses sound judgement and a willingness to work harder than anyone I have ever known. This, with a good personality, gives him an excellent turnover. All of the other trade letters received by the bank bore out this opinion. In addition to the ownership of his catering supplies business, which was his major source of income, Govan jointly owned, with his wife, a small holiday cottage. The cottage cost R500 000 to build on in 2009 and was mortgaged for R270 000. He also held a R500 000 life insurance policy, payable to his wife, who also owned independently, a half interest in a home worth about R400 000. Otherwise, they had no sizable personal investments. The bank gave particular attention to the debt position and current
Customers come to this restaurant because of the good Italian food at a low price – you can get a meal for $7, including drinks. Customers also eat at Papa Geo’s due to the cleanliness of the facility, the speed of getting their seat and food, and the vending machines which keep the children busy while adults enjoy their meal.
Allied Bombers dropped 3.4 million tons of bombs between 1939 and 1945. That is an average of 27,700 tons of bombs each month. These are the types of things in the world that present day people need to be aware of! Not everyone in the world is aware of all the terrible and horrifying things that have happened in the past, and even things that happen in today's world, and Projekt 1065 will help people to realize some of those things. Projekt 1065, by Alan Gratz, has a reading level of 5.3 and is worth 10 points. Projekt 1065 would be an amazing book for the Language Arts Curriculum because it has an incredible plot, it has very fascinating characters, and the Point-of-View helps to see something in an astonishingly new way.
Hold on to his savings and look for investing in a more secure and stable business than The Leeds Livery
-therefore not only does her 50k loan fall within the experts range, but surely does the 150k.
Recently, along the Nebulosas Chain, a string of islands which boasts a dense fog and extraordinary marine life and dots across the the Oceanus Tempestatus from the Digitus Peninsula of Illysium to the shores of Obscurata, four excavations have been undertaken in a bid by Illysium to claim ownership over the isles. While ownership may be impossible for archaeologists to prove, the recovered artifacts and faunal assemblage suggest a strong relationship between subsistence practices and changes in tool technology. Based upon the radiocarbon dates, the absolute date of the volcanic eruption at 3870 ± 40 B.P. as well as the recovered tool kits, I have distinguished between three separate prehistoric periods based upon tool technology:
Aibileen, on the other hand, hasn’t obtained as much education as Mrs. Skeeter. Aibileen was black, and back in her days, blacks did not have the opportunity to receive the same education as whites did. Aiblieen was a very bright student and would have been very successful if she could have finished school. Even her teacher, Miss Ross, said that she was very intelligent, “You’re the smartest in the class, Abilieen.” Unfortunately, she could not finish school because she had to support her mother with bills that she could not pay herself. She stopped going to school when she was fourteen years old. She instead went to work as a maid and wait on white families. Because of her lack of education, she did not speak very well. She often used slang
Flinder expected the merger to generate significant cost gains. RSE’s greater purchasing power would lower the cost of materials and components for FVC. RSE’s new resource-management system could be expected to reduce FVC’s in-process costs. Estimates from FVC’s accounting group had identified pretax constant-dollar cost savings of $2 million in the first year of operation and $4 million thereafter. He also recognized other synergy gains that arose from RSE’s stronger marketing clout, cross-selling with other RSE products, and its deep financial pockets. He believed that the widening-gyre project could have a broad application in nautical, aerospace, and automotive products. Based on the investment required to bring such technology to market, he estimated the economic
Primarily responsible for the investigation into criminal violation(s) of the Immigration & Nationality Act (INA) that occur at the port of entry in violation of Title 8, Code of Federal Regulations and Title 18 United State Code. Conduct sworn statements, personal search,baggage search and review collected evidence. Conduct research of the criminal statute and immigration law to cite section(s) of law violated. Review completed case and determine if the case falls within US Attorney guidelines for acceptance. Liaison with Assistant US Attorney to seek acceptance of the case. Prepare criminal complaint in accepted cases and present to Assistant US Attorney. Testify in federal court during the proceedings as the government witness.
In 1745, Olaudah Equiano was born in a small village in Isseke,Nigeria. His father was one of the chiefs in the village. At age eleven Equiano and his sister were kidnapped by two men and a woman never to see his home or parents again. After being kidnapped he was hiked across part of Africa untill he arrived at the coast where he was loaded onto a slave ship. While crossing the Atlantic to Barbados onboard the slave ship he and his countrymen were subject to horrors you could hardly imagine. Equiano tells about the horrors and torture slaves face not only on the slave ship but also on plantations and many other aspects of a slave's life. Equiano experienced almost all parts of a slave's existence. He was
1) What accounts for Deutsche Brauerei’s rapid growth in recent years? Specifically, what policy choices account for this success?
Giovanni Pierluigi da Palestrina was an Italian Renaissance composer of spiritual music and the bestknown 16thcentury representative of the Roman School of musical composition. He has had a marvelous influence on the development of church music, and his work has often been seen as the culmination of Renaissance polyphony. Palestrina's masses show how his compositional style developed over time. One of the symbols of Palestrina's music is that dissonances are typically credited to the "weak" beats in a measure.This produced a smoother and more consonant type of polyphony which we now consider late Renaissance music, given Palestrina's position as Europe's leading composer. In this piece, Sicut Cervus,
The Emergency Medical Treatment and Active Labor Act (EMTALA) was enacted in 1986 as a part of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985. EMTALA was enacted to prevent hospitals with Emergency Departments from refusing to treat or transferring patients with emergency medical conditions (EMC) due to an inability to pay for their services. This act also applies to satellite locations whom advertise titles such as “Immediate Care” or “Urgent Care,” and all other facilities where one-third of their patient intake are walk-ins. Several rules and regulations to this act have been established and it has become a very serious piece of legislation and health
1. Which accounting method best reflects the economic reality? Put another way, which accounting numbers – the GAAP or non-GAAP numbers best reflects economic reality? [10 points]
The general topic covered in these articles is about Trump's decision to allow plastic water bottle sales in national parks. Trump’s administration ended a six-year-old ban that prohibited the sale of plastic water bottles. It was placed in effect to ease plastic pollution.
large amount of money, with the agreement that he would pay back in either monthly or