The Case of the Unidentified Industries—2006
FIRM A- Department Store Chain Looking at the balance sheet of firm A, we can notice several things right away. We can see that a large chunk (54%) of its assets is in cash and marketable securities. From this fact we can deduce that this firm does a majority of their business with consumers and not other businesses. On the liabilities side, we can see that the company has large percentages of accounts payable and long-term debt (37% and 41% respectively). When we put these pieces of information we can see how a department store can have financial data that is consistent with firm A. The majority of transactions would be cash sales; however the company still has some accounts receivables,
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This would suggest that the company has a product that they are selling that is aimed mainly for cash sales to consumers and has some intellectual property value to it, explaining the “other assets” percentage. Furthermore, the firm has very litter plants and equipment, eliminating the possibility that it is a retail operation. This would fit with the model of a computer software developer who has claims to intellectual property for their software and who also sells their software directly to the end user.
FIRM G- Health Management Organization Firm G has a large percentage of assets consisting of accounts receivable (51%), yet it has no inventory. This would suggest that the firm is based on services that require payments in installments. Furthermore, it has a large percentage (46%) dedicated to accounts payable suggesting that it is making payments to other firms. A health management organization would fit this description because it receives payments from customers and would pay hospitals and other health care providers. HMOs act as liaisons between consumers and health care providers and the financial data for Firm G would be suggest that it the case.
FIRM H- Airline Firm H has very low inventory, yet it has a very high percentage of plants & equipment. This would suggest that the firm is engaged in a service-intensive industry. The airline industry would fit this description as they provide services
The Industrial Revolution brought many changes to society in the nineteenth century. With the rise of factories following the Agricultural Revolution and Enclosure Movement, it allowed goods to be readily available to the public due to mass production from having a large and available workforce. This led to further economic growth within the urban areas. While some might argue that Industrialization had primarily positive consequences for society because of this economic growth, it was actually a negative thing for society. Industrialization’s negative effects were the lack of working conditions, child labor, and horrible living conditions.
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.
Industrialization was a turning point in history for countries across the globe in the 18th century and the 19th century. In the time period of 1850 and 1914, most of Western Europe and America had already experienced impressive economic and lifestyle adjustments thanks to industrialization. In this time of constant innovation and change, Japan and Russia were both trying to industrialize like Western Europe and America did. The goal for both: to keep their own identity and culture in the process and ultimately have great success. Although both Japan and Russia had a similar goal with industrialization, and both were driven by a state-sponsored industry, the experiences for industrial workers in Russia were significantly worse than those in
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.
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:
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.
The United States has always housed two types of people: those who embrace change and those who resist it. From loyalists and revolutionaries in the eighteenth century to democrats and republicans in the twenty-first, changing economic tides and social conditions often spark factions in this nation. In the case of the Antebellum period, new technology and working environments caused turmoil. In a few short decades, the country would be locked in a civil war. However, before that came a series of religious and reform movements. Some of these movements would grow into national conversations, but began first with small groups. In Antebellum America, industrialization caused a breakdown in social structure, especially norms of class, gender, and race. This led to middle and upper class men in the North and the South using similar strategies to resist social change. Industrialization also allowed alternative voices to advocate for entirely new dynamics of power surrounding class, gender, and race.
Animal rights are practically non-existent in many different ways today. Factory farming is probably the worst thing they can do to the poor helpless animals. Factory farming effects chickens, cows, pigs, and many other animals that are used for food, milk and eggs. One of the biggest organizations against factory farming is called Compassion Over Killing (COK). They go to great lengths to protest and inform people about animal cruelty.
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
4. May Department Stores is a merchandising company and I would link it with balance sheet number four. First clue are the inventories, 23, 2 % of total assets, usual for this type of company. As stated above, the offer their own credit cards, which can be explained the level of account receivables, 25, 7 % of total assets. Compared to the other five companies, May Departments Stores have an amount of PPE (20 % of total assets) that suits best for this type of company. The current liabilities are relatively high, 38, 3 % of total liabilities and shareholders’ equity, usual for merchandising company and a low level of long term debt, 9, 3 %.
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.
This set of data belongs to the online retailer industry. The most significant categories that helped with our decision was the low inventory for a retail business and the relatively high inventory turnover. The reasoning behind the high inventory turnover was because the goods were allowed to sit in storage until sold because of the online aspect of the business. We were also able
America has been expanding and growing since its birth out of Great Britain. The Industrial Revolution has been an influence in the American life since it first began in the 1700s. Many of the effects resulting from the revolution still affect America to this day. The entrepreneurs of this time and their industry still are around, although they have molded and shaped themselves into better products their still known from the originality of it all. Although the Industrial Revolution began hundreds of years ago it has affected everything on a global scale with other nations adapting from the innovations of this era. Economically speaking its increased money for the nation tremendously although the nation in debt to other nations to this day;
The Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture, manufacturing and technology had a profound effect on the socioeconomic and cultural conditions of the world. The Industrial Revolution began in the United Kingdom as large deposits of coal and iron were found throughout the land which brought the rise of factories and machines, the idea then subsequently spread throughout the world. It was perhaps one of the greatest moments in human history, as it gave rise to industrialization and the switch from manpower to machine power. It completely revolutionized the world and forever changed the course of humanity. However, many scholars and historians believe that the Industrial