Between 1865 and 1920, industrialization caused significant changes in many people’s lives. First, the development of a new railroad system help settle the west and made it more accessible to people. Second, public transit systems in big cities provided an outlet from congested cities. Last, the discovery of a method for transmitting electricity helped to light up our daily lives. I feel that these are three of the most important changes in people’s lives caused by industrialization.
In September 11th- A National Tragedy, James Peck writes about how the tragic event, September 11th has affected our world today. Peck states that tragedy is a word that has commonly been overused by Americans throughout news articles and magazines when a significant event happens. When referring to September 11th, the crashing of the twin towers, this is a tragic event.
In the 17th Century there was a high level of competition for land and power between the European countries because the more land a country colonized the more money it could make off of that land. Britain colonized America in order to provide themselves with raw materials and in effect made agriculture dominant in America’s economy rather than industry. Without industry, the colonists were forced to import the majority of their goods from Britain instead of from domestic production (Reef 1). After the American Revolution, America was independent from Britain both politically and economically and Americans began to feel the pressure to industrialize in order to keep up with the demands of Americans and to compete with Britain (Peskin 1;
In the Case of the Unknown Industries, we matched several industries with their corresponding balance sheets. We used several different methods to come up with our conclusion. An important factor we had to remember was the economic state industries were in their respective year.
In this case, a summary sheet which contains 14 sets of financial data from 14 different industries is provided. The task is to match 14 different firms with 14 industries by distinguishing the differences (e.g. sources of financing, profitability, the inventory turnover and the accounts receivable collection period) in the financial structures.
Industrialization has revolutionized America’s economy. Mass production allows products in demand to be easily available for purchase. But at what point does this system cross the line? It is one thing to mass produce electronics and clothing, for example, but applying mass production to the meat industry is entirely different. In order to generate the most profit, livestock are killed systematically at a massive scale on an assembly line. These animals are treated as nothing more than objects that can be processed, packaged, and sold to a consumer. For this business to take place with both time and cost efficiency, the welfare of the livestock is placed as one of the last priorities. Factory farming has gotten out of hand, and America is
3. Household International is a financial institution and I would link this company with the first balance sheet. First clue is that they have no inventory which is the case with financial institutions. Second, the receivables are the largest part of the total assets, 81, 9%, and the total debt is much higher than the equity, 88, 8 % of total liability and shareholders’ equity. The last clues are that this company has the lowest PPE form all five listed here.
Computer Company E’s Intangibles represent 0.0% of its total assets, while Computer Company F’s Intangibles are 1.2% of its total assets. Intangibles like patents (for highly differentiable devices) and a company brand (led by its charismatic founder) have value. I believe Computer Company F is Company 2.
The largest floor covering product is carpet and rugs followed by ceramic tile, vinyl, hardwood, stone, laminate and rubber floorings.
The automotive component & Fabrication Plant, ACF, was the original plant site for Bridgeton Industries, a major supplier of components for the domestic automotive industry. All of the ACF’s production was sold to the Big-Three domestic automobile manufactures. Its main competitors were local suppliers and other Bridgeton plants. This company did very well but recently it became less effective when foreign competition and scarce, expensive gasoline caused domestic loss of market share. For boost its selling, it made four criteria, quality, customer service, technical capability, and competitive cost position to evaluate three classifications of products.
Poultry is by far the number one meat consumed in America; it is versatile, relatively inexpensive compared to other meats, and most importantly it can be found in every grocery store through out the United States. All of those factors are made possible because of factory farming. Factory farming is the reason why consumers are able to purchase low-priced poultry in their local supermarket and also the reason why chickens and other animals are being seen as profit rather than living, breathing beings. So what is exactly is factory farming? According to Ben Macintyre, a writer and columnist of The Times, a British newspaper and a former chicken farm worker, he summed up the goal of any factory farm “... to produce the maximum quantity of
Farmington Industries is a small, publicly traded U.S.-based corporation, which produces programmable control instruments. With high interests in Mexico, the company has expanded to four Mexican-related businesses, which are listed below along with their specific function:
Mark Twain once called Industrialization an, “Era of incredible Rottenness.” Industrialization had both negative effects and positive effects on city life. While big businesses thrived, the gap between the rich and poor grew larger day by day. Progressive reformers sought to close this gap and bring together the nation.
The company’s debt ratios are 54.5% in 1988, 58.69% in 1989, 62.7% in 1990, and 67.37% in 1991. What this means is that the company is increasing its financial risk by taking on more leverage. The company has been taking an extensive amount of purchasing over the past couple of years, which could be the reason as to why net income has not grown much beyond several thousands of dollars. One could argue that the company is trying to expand its inventory to help accumulate future sales. But another problem is that the company’s
Suppose you are provided the following balance sheet information for two firms, Firm A and Firm B (in thousands of dollars).