Acct Unit 1 Homework Assignment 06/12/15 Question 1: Brady Brothers, a partnership, has total assets of $350,000 and $100,000 of owners’ equity. What are the partnership’s total liabilities? $350,000 – Liabilities = $100,000 $350,000 - $100,000 = $100,000 - $100,000 Answer: $250,000 = Liabilities Question 2: During the first month of operation, Brady Brothers made sales to customers totaling $12,000 but received only $6,000 from customers in cash. Brady Brothers incurred $8,000 for operating expense but only paid $5,000 in cash for those expenses. What was Brady Brothers cash basis income?
(PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production. Contract drilling makes up 65% of total revenues, pressure pumping makes up 33% of revenues and oil and natural gas exploration and production makes up 2% of revenues. Patterson operates primarily in the Southwestern and Northeastern regions of the United States with 308 contract drilling rigs and 631,070 hydraulic horsepower in pressure pumping equipment; and operates 20 contract drilling rigs in
It is also contributed to United States oil industry by seventeenth percent of produce oil, as said by (Pam Barrett pg. 43) “Oil is by far the largest of Alaska’s industries”, and (R. Warren Anderson ) “Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It has pumped nearly 14 billion barrels of oil and $400 billion into our economy”, it gave jobs for several thousand people, Alyeska workers and sub-contractors. The pipeline has help Alaska which is the most heavily tax state to the most tax-free state. Alaska has profit more than half of the income from the pipeline has produces and the other profit goes to the United States.
Exxon Mobil Corp is in the top 6 in all of the top major integrated oil and gas companies by Market Cap. with 353.94B. However, in terms of P/E Exxon is found in the middle of the pack, ranking 25/46. Overall, Exxon Mobil Corp. ranks in the top 25% of Integrated Oil and Gas Companies. The most notable statistic is Exxon's return on equity which ranks #1 in the industry with 21.61% Nike Inc. Market Capitalization: 41.01B Trailing P/E/: 21.67 Forward P/E: 17.41 PEG Ratio: 1.80 Profit Margin: 10.07% Total Cash: 4.69B Short Ratio: 2.30 Dividend Payout Ratio: 27.00% How do these
Citigroup was ranked 20th by Fortune 500 ranking of America largest corporations. In 2012 the company has profits of over $11 billion, which was up from $10.6 billion in 2010 (Citigroup, n.d.). The company is traded on the NYSE (New York Stock Exchange) under the symbol C and in 2012 celebrated its 200th anniversary (Citigroup, n.d.). Citigroup is a the world leader when it comes to financial services and has over 260,000 employees, 16,000 offices worldwide and does business in over 140 countries (Citigroup, n.d.). The company is still recovering from the hit it took during the financial
US Steel – Andrew Carnegie sold Carnegie Steel in 1900 to a new steel corporation headed by JP Morgan US Steel. First billion dollar company, largest company in the world, owned over 3/5 of the nation’s steel industry 7. Federal Government Aid to RRs – Federal gov’t provided RR companies with huge loans and land grants (170+ acres of land), helped build a transcontinental RR during Civil War (Union Pacific + Central Pacific = Promontory Point), 4 other transcontinental RRs built. Panic of 1893 JP Morgan consolidated smaller RRs into large companies, essentially eliminated competition in RR industry 8. Andrew Carnegie and his Theories of Wealth – “Wealth” – essay arguing the wealth had a god given responsibility to care out charity to benefit society, put over $350M into support for libraries, universities, and other public institutions 9.
370 Integrative Problems; Riordan Manufacturing Riordan Manufacturing is a global plastics manufacturer that employs over 500 people with projected annual earnings of $46 million. Riordan Industries, Riordan Manufacturing’s parent company is a Fortune 1000 enterprise with revenues in excess of $1 billion. The corporate headquarters is located in San Jose, California with additional manufacturing plants in Georgia, Michigan, and China. Products include plastic beverage containers, custom plastic parts, and plastic fan parts. Growth is the ultimate goal of any business and without growth success cannot be achieved.
Management Planning Paper MGT 330 May 26, 2010 Management Planning Paper Global Crossing is the world’s largest provider of telecommunications around the world. Global Crossing brings its IP-based network to over 500 cities in fifty different countries. Management strategies at a large corporation are held to highest standards, so the planning function of management is essential to running a successful business. Global Crossing has had its share of corporate scandal in 2002 they filed the 4th largest bankruptcy in US history. Dave Carey Corporate Ethics Officer holds the company’s ethics with the highest standards.
He died at the Kennedy compound, on Cape Cod along Nantucket Sound in Hyannis Port, Massachusetts, on November 18, 1969, at the age of 81. When he died in 1969, his estate was estimated to be worth $400 million. Legacy Joseph P. Kennedy, Sr. was a genius, concurring Wall Street, Hollywood and Washington. When Fortune magazine published its first list of the richest people in the United States in 1957, it placed him in the $200–400 million band[13] ($1.66 billion–3.32 billion today[14]), meaning that it estimated him to be between the ninth and sixteenth richest person in the United States at that time. The purchase of Chicago’s merchandise Mart provided enough income for generations Kennedys to live on.
On December 27, 2006, Pilgrim’s Pride completed the acquisition of Atlanta-based Gold Kist for $1.1 billion in cash and the assumption of approximately $144 million of debt. At the time, Gold Kist had been the third-largest poultry processor in America, processing 14 million birds per week and employing 16,500 people at the time it was acquired by Pilgrim’s Pride. With the addition of Gold Kist, Pilgrim’s became the world’s leading chicken company