C5 3 consolidating an unprofitable subsidiary

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In order to meet some of the requirements under this Act, the Commission's transcripts will therefore be bilingual as to their covers, the listing of CRTC members and staff attending the hearings, and the table of contents. This is to show the Commission and Northwestel that our economy is even in greater dire straits than the two pieces of evidence I presented at the cross-examination. 2807 THE CHAIRPERSON: Counsel, I'm just -- as I indicated at the outset, I am a little rusty at this. BATSTONE: There will be an opportunity to file written argument and make oral argument. This is not the proper time for submissions or new evidence. I was suggesting if we can start the panel by four o'clock, then, you know -- 2821 THE CHAIRPERSON: Well, we will see how the order of the day goes, I guess. 2867 MS LAWSON: That was also a time, the end of 1998, after which the CRTC had already approved a 55 per cent equity ratio. 2882 MS Mc SHANE: It's in the 0- to 0-million-range. 2885 MS LAWSON: First sentence, last paragraph: 2886 MS Mc SHANE: Oh, yes. 2887 MS LAWSON: I think this is going to the issue of risk. 2891 MS LAWSON: Because if you look at the Northwestel evidence itself, at page 61, we see there 56 per cent of total revenues came from toll revenues in 1998. ROGERS: In view of your statement that there is no need to target a particular coverage ratio, is it your view that the Commission's discussion and analysis of coverage ratios in 189 in 98-2 is essentially misguided and unnecessary? What you do is you just put the fibreoptics between your central office and the location where you want to go. O'CONNOR: There is a physical limitation regarding frequency of transmission on wire when you get to distance that the wire is carrying. YEULET: It depends on what you are calling a radio phone. Today those customers are considered underserved, which means they will not have to pay the thousand dollars. Whatever the cost, it has cost him something, we know that. 4479 Now, what is happening in the communities, in the Yukon at least and I don't know if it is the same in the other territories, but in the periphery of Whitehorse there is a stringing of power lines that usually precede the telephone service.

However, the aforementioned publication is the recorded verbatim transcript and, as such, is transcribed in either of the official languages, depending on the language spoken by the participant at the hearing. Chairman, I think you had noted in your closing comment when that subject came up yesterday that you recalled an exemption because of the lack of statistical base. 2802 I'm not sure of the process, but I am requesting that I can do this now. If it's something -- I would tend to think it would fall into that category. 2812 THE CHAIRPERSON: In fact, that was what was crossing my mind as you were saying that. Rondeau was -- typically an exhibit would be supporting your questioning or cross-examination of the parties. We will try and accommodate that so we are able to move along efficiently. 2883 MS LAWSON: Now, I understand, from page 18 of your evidence, at the bottom, the last paragraph, that Northwestel's toll revenues make up close to 60 per cent of its total revenues. So, again, I'm just concerned about how that may have changed. It's the standard deviation of the returns divided by the average return. So now you have a capacity of fibreoptics which is today, with the -- well, I won't go further. As you transmit longer wire the frequency that you are able to transmit along that wire increases. DEAN: Again, with the limit that we experience today is today's limit. Recognizing the copper limits, we don't want to be running copper for miles and miles and miles. RONDEAU: When Ms Lawson was giving her cross-examination I think I heard that a consumer who was presently on a radio phone in one of the subdivisions would have to pay the thousand dollar fee. Right now we have a couple of different technologies out there. 4472 The customers that have the fixed manual mobile, which is the push to talk scenario that Claude was talking about earlier, they are considered unserved because they don't have a phone number. They have to actually do a voice call to an operator to access it, so they are considered unserved and, yes, those would have to pay the thousand dollars. RONDEAU: I will give you a scenario then that one of my members passed on. RONDEAU: What he has told me is that it already cost him a thousand dollars to buy the equipment and this system that he has now and he has the push to talk type service. Our electrical service comes in and then there poles to hang the wires. 4480 However, these people are required to pay a thousand dollars to get the power line into their places. Also, it is my understanding that the poles have to be spaced 60 metres apart, rather than 100 metres apart in order to get the regulations for telephone service.

Telephone: (516) 936-6644Fax: (516) 938-5644Web site: Company Incorporated: 1959 as Waldorf Controls Corp.

Griffon was founded in 1959 as Waldorf Controls Corp. The Garretts closed deficit-ridden plants and began seeking civilian markets while also successfully seeking government research-and-develop-ment contracts.

Sales increased from .3 million in fiscal 1964 (the year ended September 30, 1964) to .76 million in fiscal 1967.

Employees: 5,400Sales:

Employees: 5,400Sales: $1.03 billion (fiscal 1999)Stock Exchanges: New York Boston Chicago Philadelphia Ticker Symbol: GFFNAIC: 321911 Wood Window and Door Manufacturing; 322221 Coated and Laminated Packaging Paper and Plastics Film Manufacturing; 326199 All Other Plastics Product Manufacturing; 332321 Metal Window and Door Manufacturing; 33429 Other Communications Equipment Manufacturing; 44411 Home Centers; 44419 Other Building Material Dealers; 56179 Other Services to Buildings and Dwellings Griffon Corporation is a diversified manufacturing company with operations in four business segments: garage doors, installation services, specialty plastic films, and electronic information and communication systems.

Crumple Car Rentals is planning to expand into the western part of the United States and needs to acquire approximately 400 additional automobiles for rental purposes.

Because Crumple's cash reserves were substantially depleted in replacing the bumpers on existing automobiles with new "fashion plate" bumpers, the expansion funds must be acquired through other means. Create a wholly owned leasing subsidiary that would borrow the money with a guarantee for payment from Crumple.

The two companies continued to operate as separate entities subsequent to the combination. Although the board of directors was never formally asked to approve this new venture, the president moved forward with optimism and a rather substantial amount of money each of the five prior years and had never reported a profit for the original owners.

Immediately prior to the combination, the book value and fair value of the companies' assets and liabilities were as follows: B. Counter Ticken Tie BV FV BV FV Cash 12,000 12,000 9,000 9,000 Receivables 41,000 39,000 31,000 30,000 Allowance for Bad Debts -2,000 -1,000 Inventory 86,000 89,000 68,000 72,000 Land 55,000 200,000 50,000 70,000 Buildings and Equipment 960,000 650,000 670,000 500,000 Accumulated Depreciation -411,000 -220,000 Patent _________ _________ _________ 40,000 Total Assets 741,000 990,000 607,000 721,000 Current Payables 38,000 38,000 29,000 29,000 Bonds Payable 200,000 210,000 100,000 90,000 Common Stock 300,000 200,000 Additional Paid-in Capital 100,000 130,000 Retained Earnings 103,000 148,000 Total Liabilities and Equity 741,000 607,000 At the date of combination, Ticken Tie owed B. Counter $6,000 plus accrued interest of $500 on a short-term note. Not surprisingly, the boatyard continued to lose money after Amazing Chemical purchased it, and the losses grew larger each month.

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Employees: 5,400Sales: $1.03 billion (fiscal 1999)Stock Exchanges: New York Boston Chicago Philadelphia Ticker Symbol: GFFNAIC: 321911 Wood Window and Door Manufacturing; 322221 Coated and Laminated Packaging Paper and Plastics Film Manufacturing; 326199 All Other Plastics Product Manufacturing; 332321 Metal Window and Door Manufacturing; 33429 Other Communications Equipment Manufacturing; 44411 Home Centers; 44419 Other Building Material Dealers; 56179 Other Services to Buildings and Dwellings Griffon Corporation is a diversified manufacturing company with operations in four business segments: garage doors, installation services, specialty plastic films, and electronic information and communication systems.Crumple Car Rentals is planning to expand into the western part of the United States and needs to acquire approximately 400 additional automobiles for rental purposes.Because Crumple's cash reserves were substantially depleted in replacing the bumpers on existing automobiles with new "fashion plate" bumpers, the expansion funds must be acquired through other means. Create a wholly owned leasing subsidiary that would borrow the money with a guarantee for payment from Crumple.The two companies continued to operate as separate entities subsequent to the combination. Although the board of directors was never formally asked to approve this new venture, the president moved forward with optimism and a rather substantial amount of money each of the five prior years and had never reported a profit for the original owners.Immediately prior to the combination, the book value and fair value of the companies' assets and liabilities were as follows: B. Counter Ticken Tie BV FV BV FV Cash 12,000 12,000 9,000 9,000 Receivables 41,000 39,000 31,000 30,000 Allowance for Bad Debts -2,000 -1,000 Inventory 86,000 89,000 68,000 72,000 Land 55,000 200,000 50,000 70,000 Buildings and Equipment 960,000 650,000 670,000 500,000 Accumulated Depreciation -411,000 -220,000 Patent _________ _________ _________ 40,000 Total Assets 741,000 990,000 607,000 721,000 Current Payables 38,000 38,000 29,000 29,000 Bonds Payable 200,000 210,000 100,000 90,000 Common Stock 300,000 200,000 Additional Paid-in Capital 100,000 130,000 Retained Earnings 103,000 148,000 Total Liabilities and Equity 741,000 607,000 At the date of combination, Ticken Tie owed B. Counter $6,000 plus accrued interest of $500 on a short-term note. Not surprisingly, the boatyard continued to lose money after Amazing Chemical purchased it, and the losses grew larger each month.Below, because surgeons attemptedto glean somewhat coming from Side Sky_s restriction media entry around the rest evening, Brailsford accused a writer, Barry Ryan, involving _contact shit about [him]_ then narrated him he became banished from hearing to Froome because the contest boss spoke in order to tv set means. 217512.html&page=Looking for a job sertraline maximum dosage uk Although most of us think of Amazon as a retailer, thecomputer sector has long regarded it as a tech company,competing with IBM, Microsoft, Google, and others as a seller of"cloud" computing power through its Amazon Web Servicessubsidiary. sumatriptan buy uk Facebook generated $2.84 billion in ad revenue for the first half of 2013, which was 87 percent of the Menlo Park company's total of $3.3 billion.

.03 billion (fiscal 1999)Stock Exchanges: New York Boston Chicago Philadelphia Ticker Symbol: GFFNAIC: 321911 Wood Window and Door Manufacturing; 322221 Coated and Laminated Packaging Paper and Plastics Film Manufacturing; 326199 All Other Plastics Product Manufacturing; 332321 Metal Window and Door Manufacturing; 33429 Other Communications Equipment Manufacturing; 44411 Home Centers; 44419 Other Building Material Dealers; 56179 Other Services to Buildings and Dwellings Griffon Corporation is a diversified manufacturing company with operations in four business segments: garage doors, installation services, specialty plastic films, and electronic information and communication systems.Crumple Car Rentals is planning to expand into the western part of the United States and needs to acquire approximately 400 additional automobiles for rental purposes.Because Crumple's cash reserves were substantially depleted in replacing the bumpers on existing automobiles with new "fashion plate" bumpers, the expansion funds must be acquired through other means. Create a wholly owned leasing subsidiary that would borrow the money with a guarantee for payment from Crumple.The two companies continued to operate as separate entities subsequent to the combination. Although the board of directors was never formally asked to approve this new venture, the president moved forward with optimism and a rather substantial amount of money each of the five prior years and had never reported a profit for the original owners.Immediately prior to the combination, the book value and fair value of the companies' assets and liabilities were as follows: B. Counter Ticken Tie BV FV BV FV Cash 12,000 12,000 9,000 9,000 Receivables 41,000 39,000 31,000 30,000 Allowance for Bad Debts -2,000 -1,000 Inventory 86,000 89,000 68,000 72,000 Land 55,000 200,000 50,000 70,000 Buildings and Equipment 960,000 650,000 670,000 500,000 Accumulated Depreciation -411,000 -220,000 Patent _________ _________ _________ 40,000 Total Assets 741,000 990,000 607,000 721,000 Current Payables 38,000 38,000 29,000 29,000 Bonds Payable 200,000 210,000 100,000 90,000 Common Stock 300,000 200,000 Additional Paid-in Capital 100,000 130,000 Retained Earnings 103,000 148,000 Total Liabilities and Equity 741,000 607,000 At the date of combination, Ticken Tie owed B. Counter ,000 plus accrued interest of 0 on a short-term note. Not surprisingly, the boatyard continued to lose money after Amazing Chemical purchased it, and the losses grew larger each month.Below, because surgeons attemptedto glean somewhat coming from Side Sky_s restriction media entry around the rest evening, Brailsford accused a writer, Barry Ryan, involving _contact shit about [him]_ then narrated him he became banished from hearing to Froome because the contest boss spoke in order to tv set means. 217512.html&page=Looking for a job sertraline maximum dosage uk Although most of us think of Amazon as a retailer, thecomputer sector has long regarded it as a tech company,competing with IBM, Microsoft, Google, and others as a seller of"cloud" computing power through its Amazon Web Servicessubsidiary. sumatriptan buy uk Facebook generated .84 billion in ad revenue for the first half of 2013, which was 87 percent of the Menlo Park company's total of .3 billion.

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