The Energy Sector Is The Most Fundamental Resource That Fuels The Entire Globe

The Destin Brass Products Company case analysis focuses on the current accounting practices utilized by the company and its effects on product pricing. Destin’s president, Roland Guidry, is concerned about the pump market competition dropping prices and his company’s ability to remain competitive, yet profitable; since, pumps are 55% of Destin’s revenues. At the same time, the flow controller market remains seemingly untouched. The company’s controller, Peggy Alford, and manufacturing manager, John Scott, are charged with experimenting with a new accounting method that could more precisely cost each of Destin’s three products: valves, pumps, and flow controllers.

SUMMARY OF STUDY OBJECTIVES 1Identify the sections of a classified balance sheet. In a classified balance sheet, companies classify assets as current assets; long-term investments; property, plant, and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders' equity section shows common stock and retained earnings. 2Identify and compute ratios for analyzing a company's profitability. Profitability ratios, such as earnings per share (EPS), measure aspects of the operating success of a company for a given period of time. 3Explain the relationship between a retained earnings statement

The decline of inventory turnover presents the incresed possibility of inventory obsolescence which is likely to be assessed as higher business risk. In debts to equity part, the ratio in current year is much higher than that of preceeding year, which means the extent of use of debt in financing company is much higher than before. Pinnacle has used most of its borrowing capacity and has little cushion for addional debt.This action brought high business risk to Pinnacle. In addition, Pinnacle puchase more inventory in current year that that of preceeding year, and net sales are increasing also compared previous year. However, the net income is decreased significantly. These changes show expenses (maybe direct or indirect) have increased dramaticly. The company uses more expensive materials and labors to manufacure and sell products.

Financial planning ensures that any great company operates successfully. ExxonMobil has put different measures in place for the financial means of the business by expanding across the country to increase product sales. Exxon has made it a point to focus more on expanding and creating jobs across the country. According to the 2013 summary annual report, “We look for opportunities to create jobs, build local supplier capacity, and make strategic community investments that will generate sustainable economic growth. This is good for communities and good for our business (2013).” ExxonMobil performed extremely well in 2013 with earnings of 32.6 billion, despite the conditions of the industry during that time. ExxonMobil takes advantage of every opportunity to financially plan for the future of the company. Exxon is preparing the business for future growth by investing in new

4. Translate Exxon’s 2011 Cost of Revenue into an amount that approximates the FIFO basis and calculate its percentage change. Use t-accounts.

A company which is publicly traded in the U.S. is required to submit the 10-K form to Securities and Exchange Commission (SEC) once a year. The 10-K form is a comprehensive report of a company’s performance. This report is essential to an investor for evaluating a company’s financial health. For this assignment, I have chosen to consider Macy’s Inc. 10-K form and evaluate its financial condition. I am going to discuss about Macy’s Merchandise Inventories including the inventory method used by Macy’s, Cost of Sales to net Sales Ratio, Inventory Turnover and Days in Inventory.

Recently an operating budget was created for Peyton Approved, a pet supplies manufacturer. The company’s operating budget is a projected forecast for the quarter July through September 2015. The budget includes specific calculations of the sales, production, manufacturing (raw materials, direct labor, and factory overhead), selling, and general and administrative operations. After actual activity was recorded and compared to the operating budget for Peyton Approved, variances were found that caused unfavorable results in the company’s total direct labor and total direct materials accounts. These variances need to be analyzed and investigated so corrective actions can be taken.

This paper uses the terms natural resource(s), resource(s), and reserve(s) in many different contexts. Please use care when interpreting their usage and context.

After looking at the 10-K of Exxon Mobil and the 20-F of Royal Dutch Shell, I found that there are three main categories that they are differed from each other: Revenue Recognition, Inventories, and Property Plant and Equipment (PP&E). In revenue recognition, both companies’ customer was titled for the risks and rewards of the ownership; however, when it comes to reporting the

Amazon’s main aim is to deliver a product to a customer to their doorstep at the best possible price. Though there was a significant increase in the revenue generated by Amazon, it’s ROE and ROA dipped by 2.2% and 6.43% respectively. On the other hand even though Wal-Mart’s ROE saw a dip of 1.71%, its ROA rose by 1.2%. This difference is due to a considerable increase in the assets of Amazon in comparison to those of Wal-Mart’s. A high account payable turnover (APT) is an indicator that shows that the firm is running its operatives based on its supplier’s money. Amazon has higher APT when compared to Wal-Mart when compared to Wal-Mart. Amazon used its supplier’s money for performing its operations for around 20 weeks in 2009 and 2010 while Wal-Mart used its supplier’s money to perform its operations 8.62 in 2009 and got worse to 8.15 in 2010. A low value of APT improves Amazon’s financial performance. Wal-Mart’s high APT is due to its inventory storage and transportation. Amazon holds inventory for longer periods of time which can be obtained by looking at INVT (about 5.6 weeks for Wal-Mart and over 6 weeks for Amazon) values when compared to Wal-Mart due to which the APT of Wal-Mart is higher.

Two major world concerns today are the energy crisis and economic instability. Hydrofracking may be the key for finding the solution for both of these issues, because this technique allows the oil and gas areas which could not be developed previously to be productive. Cooley and Donnelly (2012), experts on global energy policy; state that the world natural gas reserves will be more than enough for the next 130 years, and the latest extraction technology of shale gas can bring a significant contribution to opportunities of gas industry. According to a report by the International Energy Agency (2012), if Europe and Asia countries follow the USA example in the development of shale gas production, gas reserves will sufficient for the next 250

Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation

Fossil fuels are essential to life on earth as we know it today. Our world would certainly be much different if it weren’t for such seemingly simple things such as coal, oil, and natural gas. These basic elements of life on earth may not seem like a major concern to some people until we put into perspective how they have shaped our world today. Civilizations have been built, economies have risen and crumbled, and even wars have been fought over these precious fossil fuels. However, these fossil fuels serve us in ways we may never truly appreciate, as long as we use them as recklessly as we do now. The major entity about fossil fuels is concerning their longevity and permanence in our world, and we all know, they will be around forever.

The Dow Chemical Company is the second largest chemical manufacturer in the world in terms of revenue and in terms of market capitalization; it is the third largest in the world (as of 20071). There was a steady growth of the market from the year 2002. But before that the company faced a back drop in the profit margin. The company realized its growth in 2002 only after merging with Union Carbi as the company’s sells rose to $27.8 billion. Back in 1998, the company faced the real down turn of the sale to $18.4 billion. Then, for 4 years continuously, the company managed to keep the sales around $20 billion. In the year 2000, the company planned to adopt a

The search and need for an energy source is a universal objective for all nations on earth. Human societies have been built on the consumption of natural resources for energy since the beginning of human existence. The first source of course came from the burning of wood from trees to produce fire that has kept humans warm and fed throughout the ages. With the evolution of human civilization the need for more powerful energy sources have arisen. The industrial revolution of the early 20th century demanded a new source which could keep up with humanities growing technologies. Coal, oil, and natural gas now account for the vast majority of nation’s sources of energy, but these resources have only finite supply. Nuclear energy became an important next step in humanities source for a sustainable energy source. In recent years though nuclear energy has started to decline in use primarily due to the public’s disapproval after such devastating nuclear disasters such as Chernobyl, Three Mile Island and more recently the Fukushima nuclear accident in Japan. This decline in nuclear energy is not the case in China today, in fact they are making huge movements to ramp up their use of nuclear energy. By looking at the history then taking an in-depth look into recent nuclear power in China we will be able to see why and how China is making such extensive leaps in nuclear energy.