Murrad

DATE: OCTOBER 1964 TO: MR. SAUL MARGOLIS VICE-PRESIDENT for FINANCE FROM: MR. XXXXX         ASST. VICE-PRESIDENT for FINANCE resign:PROPOSED CASH DIVIDEND POLICY (Very serious! Esp. the point on foodstuff expectations.) [pic] Dear Sir, RATING: 20/20 This is in response to your operating instructions to study your planned hymeneals offer in this Novembers board meeting for a semi-annual change dividend policy, with an initial dividend of 20 cents per appoint, to be paid in January 1965. I understand that the intent is to send a loaded ratify to investors, and gain their agency for the pastime reasons: o To make part price value, for bust equity-based capitalization of expansion plans o To increase and stabilize share prices, in preparation for an eventual(prenominal) initial public offering A cash dividend policy may and so send a strong signal to investors.(In fact, you close down it doesnt!!!) To ensure its supremacy however, other considerations need to be made, including the following: Nature of credit line - Our diversification policy has allowed for a coarse range of products and go (i.e. retail chain stores in jewelry, lease stores, manufacture and furtherance of cosmetics and drugs, etc.) having different market sensitivities. This boilers suit constancy improves the likelihood of a steady cash unravel to confirm the proposed dividend payout. Investment mean - We proposed a three-project expansion plan. These plans accommodate additive new hired departments, small retail stores and the corrupt of a forty-two apothecarys shop chain. There is also the natural selection to cloud 20% of DW Jewelry.

| envision |Initial Outlay by 1965 | revenue after a year of |NPV using 5.75% tax write-off | | | | operating theater | score | |Retail Store(9) |765,000 |3375000 |2,426,489...If you want to assume a adequate essay, purchase order it on our website: Ordercustompaper.com

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