Business Administration 1220E Lecture Notes - Ge Capital, Cash Flow, Income Tax

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: Sean Burkett

Document Summary

You: steve rendi, assistant account manager for the commercial equipment. Requesting: loan (to purchase two new 2003 freightliner transport trucks, four new 53-foot trailers and four new mobile satellite systems to track the location of the transport trucks) General electric (parent company) was a publicly traded corporation with net earnings over . 6 billion us in 2002. General electric expected each of its divisions to generate a 20% after-tax profit, and if divisions fell below the goal, they would have to justify why this occurred. Majority of cef"s business was loans to medium and large-sized transportation and construction companies. Loans from to million were provided to purchase assets such as transportation trucks, trailers, paving equipment, and heavy machinery. Motto: find, win, keep -find new business, win new business, and keep new and existing clients . As at april 1, 2003, less than one percent of cef"s portfolio of over 2000 accounts had been lost to bad debt.