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Resources Unlimited

Resources Unlimited. Chandra Quarles. Resources Unlimited. History Established in 1985 as a result of two pipeline merger Merger created 38,000 miles of pipeline which included the Southwestern and mountain states(Idaho, Montana, and Wyoming).

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Resources Unlimited

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  1. Resources Unlimited Chandra Quarles

  2. Resources Unlimited • History • Established in 1985 as a result of two pipeline merger • Merger created 38,000 miles of pipeline which included the Southwestern and mountain states(Idaho, Montana, and Wyoming)

  3. Resources UnlimitedProjected Quarterly profits (1986-88)

  4. Resources Unlimited Oil/Gas accounts (1988 & 1990)

  5. Resources UnlimitedAccounting department dispute • Mean of salaries: 52333.33 • Standard deviation: 2516.61 • Female salaries: 32,000 • Standard deviation:20848.33 • Percentage of increase: 61% • Salary increase must be: 51,520

  6. Resources UnlimitedAccounting department dispute(cont)

  7. Resources UnlimitedGas Account Transfer • Resources Unlimited transferred 41.28 gas accounts to help prevent bankruptcy

  8. Resource Unlimited Additional Comments What lead to the demise of Resources Unlimited -Poor decision making on the part of corporate senior management • Using derivatives and hedges to absorb the risk of cost and price swings • Failing to head advise of the accounting departments advise to relook at the use of derivatives • Failure to project accurate profits • Failure to adhere to laws concerning discrimination

  9. Conclusion • Poor business practices along with poor decision making led to the closure of Resources Unliminted

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