BUSF_A01.qxd

Chapter 13 • Management of working capital lSet inventories reorder levels. lUse budgets. lKeep reliable inventories records. lU ...

Review questions lMake judicious use of bank overdraft finance – it can be cheap and flexible. lUse short-term cash surpluses pr ...

Chapter 13 • Management of working capital (All the problems below are basic-level problems.) 13.1*Dixon plc uses a component, w ...

Problems Month Production (gnomes) Sales volume (gnomes) November 700 700 December 800 800 January 1,000 800 February 1,200 1,00 ...

Chapter 13 • Management of working capital 13.5*North Anglia Engineering Ltd (NAE), a manufacturing business, has recently obtai ...

14.1 Introduction A striking feature of the post-war business scene, throughout the world but particu- larly in the UK, is the e ...

Chapter 14 • Corporate restructuring We shall start our consideration of the major restructuring devices that are found at prese ...

Takeovers and mergers Over the years, many observers have sought to identify the factors that make mergers attractive, particula ...

Chapter 14 • Corporate restructuring l combining administration and accounting activities leading to savings in the asso- ciated ...

Mergers: the practicalities Legislation to protect the public interest from monopolies has meant that mergers within the same in ...

Chapter 14 • Corporate restructuring Target shareholders receiving shares or loan notes that they do not wish to keep must incur ...

Mergers: the practicalities Possible reasons for the reduction in the number of takeovers since the late 1980s will be discussed ...

Chapter 14 • Corporate restructuring Appraisal of the merger By the bidder A merger is simply an investment, and should be appra ...

Mergers: the practicalities l a belief that there is a lack of commercial logic in the merger; l a feeling that the price being ...

Chapter 14 • Corporate restructuring It seems that the Commission does not have great effect in restricting merger activity, nor ...

Mergers: the practicalities It is not common for bidders to acquire a large proportion of the required shares by buying them in ...

Chapter 14 • Corporate restructuring The object of these tactics is probably to increase the share price of the target to a poin ...

Mergers: the practicalities Stock market returns The results from studies of stock market returns consistently show gains for th ...

Chapter 14 • Corporate restructuring that this is not always the case for those of the bidder. As far as the evidence goes, it a ...

Divestments is greater than the whole. An example of this was provided by the Ford Motor Companywhen it sold off Jaguarand Land ...