Based on the vertical analysis done on the income statement‚ further explanation would be needed to explain the decrease in gross profit (as a percent to sales) over the three year period while overall expenses increase each year on both a percent-to-sales and total dollar amount increment. I would also be curious to understand why cost of goods sold is increasing year-over-year – are raw materials increasing‚ are inventory levels too high and we are writing off obsolete inventory‚ is part of the
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Gulf Oil Corporation Time lag in reserve use Barrels 3‚038 725 2‚313 End of 1983‚ Gulf reserves (Ex 3) less projected expropriations Estimated reserves 1983 production of 290 barrels suggests it takes about 8 years (2‚313/290) to produce discovered oil. We’ll thus use an eight-year cycle. Gulf Oil Corporation 4 What is Gulf worth? To assess their value we proceed as follows. 1. Identify key assumptions. Finding cost per barrel E&D outlays usually take a year to produce reserves
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security or defense purposes. Whatever the case may be‚ wars have been apart of human life and will always be. There were no differences when it came to the Persian Gulf War. This war involved the United States‚ Iraq‚ and Kuwait. When trying to determine the purpose behind this war I chose to view it from a comparison of both the realist and liberalist views on the war. The Case The Persian Gulf War stemmed from tension over long-term border issues and oil possession disputes between Iraq and Kuwait
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McConomy Intermediate Accounting‚ Tenth Canadian Edition SOLUTION TO ASSIGNMENT #4 – COMM 3111 PROBLEM 9-4 (a)Investments (FV-OCI)—December 31‚ 2014 Securities Cost Fair Value Anderson Corp. Munter Ltd. King Corp. Total of portfolio $48‚750 580‚000 255‚000 $883‚750 $49‚580 569‚500 254‚400 $873‚480 Note: Balance in AOCI‚ December 31‚ 2014 = $10‚270 debit ($873‚480 – $883‚750) since all securities were purchased in 2014. The Anderson
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Course: Corporate Finance Faculty: Prof. Pramod Yadav Submitted by: Jeet K Bhatt Roll No: 14 Assignment – FMC Corp. 1. What were the motivations for FMC corp. to go for recapitalization? a) To eliminate a takeover attempt: The stock was attractively valued and the company had quite a lot of cash ($403 million in 1986) in its hands. It made the company attractive to hostile takeovers. b) To give FMC employees a greater stake in the company: Company showed strong cash on its balance sheet. But
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1975 GULF OIL REFINERY FIRE In the early hours of August 17‚ 1975‚ a tragic disaster occurred on the Gulf Oil refinery in Philadelphia‚ Pennsylvania. This horrific disaster took the lives of eight firefighters‚ and potentially could have taken more lives if it wasn’t for the help of many surrounding fire stations. The cause of the fire was the overfilling of Tank 231. While no crude oil escaped from the tank as a result of being overfilled‚ large quantities of hydrocarbon vapors were trapped above
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Introduction - The Persian Gulf The Persian Gulf is a geographical area in the Middle East. It is located in the Western Asia between Iran (Persia) and the Arabian Peninsula. The basin countries include: Iran‚ Iraq‚ Kuwait‚ Saudi Arabia‚ Qatar‚ Bahrain‚ United Arab Emirates‚ Oman and the Musandam Governorate. This land is well-known because of the oilfields and natural gas fields but also for different good fishing grounds‚ extensive coral reefs‚ and abundant pearl oysters even though this activities
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throughout the course to work on your project rather than wait until Week 6. The subject of the project may be based on any Case from any chapter assigned in this course. Examples are Case 10.3- Montgomery v. English on page 175 and Case 14.2- Page v. Gulf Coast Motors on page 111. Choose the case you wish to research and then do the following: Read and understand the case. Show your Analysis and Reasoning and make it clear you understand the material. Be sure to use the concepts of the course to
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Case Study: Merit Enterprise Corp March 19‚ 2013 After careful review Merit Enterprise Corp case study the pros of option 1: (assuming that JP Morgan Chase will continue to extend season credit lines and medium term loans.) First‚ it would keep Merit Enterprise as a private company. Secondly‚ Merit’s would have the right of non-disclosure. Private companies are not required to disclose details about their operations. Third‚ Merit Enterprise does not have to answer to shareholders if the stock
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Procurement at Betapharm Corp. (A) Notes George Brannigan‚ Vice President Doug Burke‚ Director of eSourcing - Betapharm recently implemented the Emptoris ePass system‚ which facilitates eProcurement activities and‚ specifically‚ reverse auctions Industry Information - Pharmaceutical sales experienced average growth in the low teens between 1996 and 2003‚ single-digit growth was expected over the next few years - Betapharm outperformed the industry - Industry benefited from increased demand
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