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Essay / Research Paper Abstract
This 6 page paper is an analysis of a Harvard Case study provided by the student. The issue is what kind of funding should this aluminum company obtain. The treasurer of the company has three options. The writer provides a historical background of facts relevant to the decision and then discusses the advantages and disadvantages of each of the three funding options. Bibliography lists 1 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGcrwnhv.rtf
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Unformatted sample text from the term paper:
The forecasts and expectations can be used as long as Bennett would have known these in February 1969. Also, since there are so many facts and descriptions given, it sometimes
helps to outline these as the basic historical background that could affect the decision Bennett needs to make. Well begin with a synopsis, in outline format, of the relevant facts
that Bennett would have had.] In February 1969, Crown Corporation was faced with the challenge of obtaining $30 million in funds to complete the construction of another aluminum plant
and for working capital. Walter Bennett has three main options in terms of securing that funding for the corporation. Bennett has two goals: to hold to a $0.70 dividend rate
and to have a financing plan that will help meet both the short-term and long-term needs of the company. Before discussing these options, it is helpful to have an
understanding of the historical background and data that will affect Bennetts recommendation regarding funding. This information and these data will be provided in outline format to help clarify the exact
issues relevant to this decision. * Crowns sales are evenly divided between casting and aluminum products. * The completion of the new plant will increase Crowns capacity by about 85
million pounds were year and increase revenues by $3 to $4 million per year. * Earnings have been erratic ranging from a high of $1.13 in 1959 to a low
of $0.34 in 1963. * Crown is constantly threatened with new entrants to the market of fabricated products. The fact that so many small independent companies entered this
part of the industry caused prices to drop by 20 percent between late 1961 and late 1963. * Demand-supply conditions improved, however, and demand rose by 14 percent between
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