ALL ANSWERS ASSUME A TAX RATE OF 35% Even though the tax rate appears to be 1720 / 6725 = 25.57% In answering the following questions‚ please refer to the financial statements of Caterpillar Inc. (CAT) and the relevant Notes to these statements at the end of this write-up. 1. What could be the cause(s) for the shift in LIFO-based inventory from 70% at December 31‚ 2010 to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase
Free FIFO and LIFO accounting Inventory Cost of goods sold
1. One organization that I feel has the best longterm position in terms of their stock market price is Barrick Gold. http://finance.yahoo.com/q/bs?s=ABX+Balance+Sheet&annual http://www.barrick.com/investors/annual-report/financial-highlights/default.aspx The most important factor in any organization from what I learnt is how much it can pay its shareholders in dividends. Barrick gold has increased per year their annualized dividend US cents per share from 48 cents per share in 2010 to 60 cents
Premium Generally Accepted Accounting Principles Investment Income statement
Gold Penny Lab Purpose: The purpose of this lab is to convert a regular penny into a “gold” penny. Background: Chemistry is a branch of physical science that studies the composition‚ properties and behavior of matter (www.acs.org). Sodium hydroxide is considered to be a strong base because it breaks up in water. When mixed with certain metals it produces potentially explosive hydrogen gas. Many alchemists believed that doing certain chemical reactions that they would be able
Premium Chemistry
A. What is an account receivable? What other names does it go by? Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services on credit. These receivables are generally expected to be collected within 30 to 60 days. They are typically the most significant type of claim held by a company. Accounts receivable and notes receivable resulting from sales are also known as trade receivables. Accounts receivable resulting from sales are referred to
Premium Accounts receivable Balance sheet
FAR 600 TUTORIAL 4 BACC 8G GROUP MEMBERS: NUR AIN BT ABU BAKAR NUR LIYANA BT MOHD ZAINI AKMA NUR AMANINA BT ZAKARIA MADIHAH BT ABU THARIM DATE OF SUBMISSION: 5 APRIL 2013 PREPARED FOR: MADAM AFIDAH BT SAPARI QUESTION 5 How principal in the agency relationship protects again the opportunistic behavior of the agent and the agent’s response to this. There are two costs that will be implemented by the principal towards the opportunistic agent behavior. First is monitoring cost which
Premium Annual report Energy Financial statements
On Gold Mountain: The One-Hundred-Year Odyssey of My Chinese-American Family written by Lisa See is an inspirational narrative depicting her Chinese families experiences and struggles immigrating to the west coast of America during the 19th and 20th century. The author was effective in telling her families story. There were similarities and differences between the Fong family’s experiences and the Chinese community’s immigration experiences as a whole. Immigration to America was a phenomenon for
Premium Overseas Chinese United States Chinese American
The Gold Rush is an important event in the history of California. The Gold Rush led to an increase in population. The spread of gold craze came over the whole country and even the whole world. Hundreds of thousand of gold seekers rushed to California‚ hoping to makes their fortunes by land or by sea. They were Americans‚ Europeans‚ South Americans and Chinese. Even soldier and sailor deserted by hundreds to find gold. The gold craze spread to Hawaii‚ Oregon‚ and Utah and even to Mexico‚ Peru and
Premium California California Gold Rush Gold
1.Introduction This case study involves the overview and financial analysis of two major telecommunications companies in the world. The two companies are compared based on their financial performance for the last two years by analyzing their income and balance sheet statements. Financial ratios are also calculated to see which company has better profitability‚ liquidity and solvency. 1.1.Aims and Objectives 1. Carry out research on two major companies in the telecommunications market
Premium Balance sheet Generally Accepted Accounting Principles Income statement
Gold Digging Gold mining is one of the most destructive industries in the world. It can displace communities‚ hurt workers‚ destroy environments and contaminate drinking water. Water and land become polluted with mercury and cyanide which endangers ecosystems‚ animals and people. the health of people and ecosystems. Toxic mine waste contains many dangerous chemicals including arsenic‚ cyanide‚ lead‚ acids‚ merry and petroleum byproducts. Mining companies worldwide dump toxic waste into
Premium Mining Water California Gold Rush
How did the Australian Gold Rush effect Australia’s immigration and multiculturalism? During the gold rush period‚ immigrants from all around the world came to Australia to find wealth and riches in the gold fields. The majority of these immigrants came from England‚ Ireland‚ Scotland‚ Wales‚ America and Germany. But the largest foreign contingent was China with over 40‚000 coming to work in the gold fields. The Chinese worked in large groups with one leader who was in charge. They worked hard and
Premium Australia Money Gold