Hampton Machine tool

Essay specific features

 

Issue:

Business

 

Written by:

Jessie J

 

Date added:

May 21, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1716

 

Was viewed:

2107 times

 

Rating of current essay:

 
Essay content:

Hampton also has asked for an additional $350,000 loan to also be repaid at the end of December 1979 with interest payments monthly at the rate of 1.5%. The additional loan is a must for Hampton to update its machinery which they have not done since the economy went into a recession. The problem currently facing Hampton Machine Tool Company is the ability to payback it's current loan and the additionally requested loan from the St...
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Louis National Bank. If Hampton carries forward as planned they will be short $331,500.(Exhibit 1) Ways to fix the current problem are to not pay dividends; this will save $150,000 but still leave them at a shortage of $181,500. Payment of dividends would be a nice gesture to stockholders that have stood by them, but may be at too great of cost...
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