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Resources Unlimited Corporation

Resources Unlimited Corporation, formed in 1985 from a merger, became a prominent player in the gas distribution industry. However, it faced significant challenges, including a discrimination suit, unethical accounting practices, and a lack of clear leadership, leading to bankruptcy in June 1994. The organization struggled with cash flow despite projections of growth in oil and gas accounts. The analysis reveals issues like insufficient communication and integrity, highlighting the company’s decline in stability and profitability.

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Resources Unlimited Corporation

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  1. Resources Unlimited Corporation Javon Annie Oh MSM 630 Bellevue University

  2. History of the Organization • 1985 Formed from Merger of Two Companies • Largest Gas Distribution Network • Deregulation of the Natural Gas Industry • Use of Derivatives and Hedges • Discrimination Suit • 1994 Entered Bankruptcy

  3. Quarterly Profits

  4. Analysis of Senior Leaders • No Clear Leadership • Not Responsive • Not Reactive • Lack of Communication • Lack of Integrity • Unethical Accounting Practices

  5. Gas & Oil Accounts • 1988 • 60 Oil Accounts • 32 Gas Accounts • Projection for 1990 • 86 Oil Accounts • Unable to Determine the Number of Gas Accounts

  6. Salary Ranges Mean $52,333 Male Salary

  7. Salary Recommendation • Male Salary • Mean $52,333 • Standard Deviation $2,516 • Female Salary $32,000 • Does Not Fall Within the Mean or Standard Deviation of Men's Salary • Recommended Adjustment of Female Salary • $52,000

  8. Actions Taken • Insufficient Cash Flow • 500 Gas Accounts • Cash Flow for 30 Days • Transfer of Gas Accounts • Not Enough to Avoid Bankruptcy • Bankruptcy was filed • June 1994

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