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Smith and Wesson one of the world’s leading manufacturers of firearms was founded in 1852 by Horace Smith and Daniel B. Wesson (Form 10-K Annual Report p.1, 2011). Over the next 160 years the company would be bought and sold several times starting with Mr. Wesson purchasing Mr. Smith’s interest in 1873. The Wesson family sold Smith & Wesson Corp. in 1965 and the company would change hands 4 more times between 1984 and its final resting place as Smith & Wesson Holding Company in 2001.
They are one of the largest manufacturers of handguns and handcuffs in the USA and the largest US exporter of handguns. They have a plant in Springfield Massachusetts, Houlton Maine and Rochester NY, as well as a plant in Franklin Tennessee producing a large selection of hand guns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, firearm related products and accessories (Form 10-K Annual Report p.1, 2011)
Smith & Wesson Holding Company started trading their common stock on the American Stock Exchange in November 2002 under the symbol “SWB” and on the NASDAQ Global Select Market in July 2006 under the symbol “SWHC” (10-K Annual Report P.35, 2011). There are 20,000,000 shares of preferred stock at $.001 par value authorized, no shares issued or outstanding. Common stock at $.001 par value 100,000,000 shares authorized of which 65,710,531 shares are issued, 64,510,531 shares were outstanding, 185,802,000 shares paid in capital, and 1,200,000 of treasury stock as of 4/30/11 their year end. (10-K Annual Report p.F-3, 2011)
Smith & Wesson has a Stock Option Plan (SOP) for its employees as well as stock based compensation. Shares issued under the SOP were 1,062,000 and stock based compensation 1,680,000. (10-K Annual Rep...
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(2011). 10-K Annual Report p.2. Springfield.
(2011). 10-K Annual Report p.22. Springfield.
(2011). 10-K Annual Report p.3. Springfield.
(2011). 10-K Annual Report P.35. Springfield.
(2011). 10-K Annual Report p.43. Springfield.
(2011). 10-K Annual Report p.49. Springfield.
(2011). 10-K Annual Report p.7. Springfield.
(2011). 10-K Annual Report p.F-12. Springfield.
(2011). 10-K Annual Report p.F-17. Springfield.
(2011). 10-K Annual Report p.F-22. Springfield.
(2011). 10-K Annual Report p.F23. Springfield.
(2011). 10-K Annual Report p.F-3. Springfield.
(2011). 10-K Annual Report P.F5. Springfield.
(2011). 10-K Annual Report p.F6. Springfield.
10-K Annual Report P.F8. Springfield.
(2011). Form 10-K Annual Report p.1. Springfield.
John j Wild, K. W. (2011). Fundamental Accounting Principles Twentieh Edition p.187. McGraw-Hill Companies, Inc.
According to the ASC 718-10-30-2: When companies grant share options to their employees, the calculations of payment (compensation cost) only depend on the fair value. This means that only fair value is useful to calculate compensation cost of OMS recognize in each year of the award’s service period.
The company was founded in Southport, Connecticut in 1949 by Alexander McCormick Sturm and William B. Ruger. In 1969 Sturm, Ruger & Company incorporated under the laws of the state of Delaware. It joined the New York Stock Exchange in 1990.
One of Colt's best inventions was the revolving cylinder which led to his company to expand to its full potential. During the 1830’s Samuel Colt was a sailor for the ship Carlo where he got the idea for the revolving cylinder from the wheel to turn the boat(Kirkland 6). In 1868 to 1871 Colt made the Thuer it came in a 44 and 36 cal that came in a metallic cartridge that did not infringe on Smith and Wesson’s patent(Lee). Like every good inventor you have mistakes but Colts first handgun that he made blew up in his hand. But that mistake gave him the chance to improve and expand his design for the modern day revolver(Kirkland 6). In 1836 Samuel Colt produced the first working and patented revolver(Kirkland 9-11). In 1855 elisha K. Root was hired by Samuel Colt to reengineer his revolving rifles. She made the rifle in to a solid frame and she made the Root Model 1855(Austerman). Another gun that Samuel Colt made was the dragoon it came in a .36 ,.34 ,.31 ,and a .28 caliber pistol most of these were sold to civilians in 1850’s(Lee). Lastly Samuel Colt named this pistol the Dragoon because for centuries men who attacked ...
The rifle was manufactured by the Winchester Repeating Arms Company, which was once the New Haven Arms Company and before that the Volcanic Repeating Arms Company. One has to wonder, why so many name changes? The Winchester Repeating Arms Company would not have been successful without Oliver Fisher Winchester. Originally Winchester gained some wealth in producing dress shirts in a fa...
[4] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 3, Cost Assignment, p. 54-59
During the mid 2000’s until late 2012, media mogul Rupert Murdoch’s newspaper company, News Corp, conceived one the biggest scandals in media history to date. Speculation of phone hacking occurred in November of 2005 when the Royal’s officials reported possible voice mail phone hacking to the police because News of the World released a story about Prince William hurting his knee. The victims of the phone hacking scandal not only included the Royal family but also politicians, celebrities, people who were murdered, and family members of soldiers who died during combat totaling the victim list to 3,870. The entire duration of the investigation revealed not only disturbing information about the conducts committed by journalist, but the conspiring with private investigators and the London police enforcement, also known as the Scotland Yard, to cover up corruptions on all ends (CNN, 2012).
The Economist (2015) article also states that since Obama’s election into office, there has been 450% increace of American gun makers Smith & Wesson’s share price.
Some choose the noble choice of the military, others to work in construction and automotive toiling with shovel and wrench. Others choose more precise work, such as becoming machinists, doctors and engineers--the secret behind the scenes people who make things work in today’s society. But, there is a job that entails all, something complicated requiring the finesse of a heart surgeon, but with the understanding of a engineer: the art of gunsmithing. An art that essentially made the United States possible and separates it from others in the world. From the invention of black powder and the hand cannon to the 6,000 round per minute Dillon Minigun, firearms
Wintemute, Garen J. "Where the Guns Come from: The Gun Industry and Gun Commerce." Princeton University 2002: 54-71. Web. 24 Nov. 2013.
The National Rifle Association (NRA), recognized today as a major political force and as America's foremost defender of the Second Amendment, “A well regulated militia being necessary to the security of a Free State the Right of the people to keep and bear arms shall not be infringed.” The NRA adheres to the belief that the Second Amendment guarantees the right of individuals to bear arms. Recent U.S. Supreme Court cases have confirmed those beliefs. In spite of whether one personally adheres to these interpretations of the amendment or not, the fact is there are over two hundred million guns in this country. Moreover, there are over seventy-five million firearm owners. In addition to the NRA’s political activity for second amendment rights, it has fulfilled a service, as since its inception, it had been the premier firearms education organization in the world by providing firearms safety and training.
in1873. Colt made a lot of pistols in his lifetime. Colt will always be remembered for his
The sale of firearms is an incredibly confusing process. Shotguns, rifles, and handguns all have individual registration and guidelines of sale. Althoug...
The automobile industry began with Henry Ford’s production of the Model T in the early 1900’s. With the creation of the assembly line, cars became cheaper and quicker to produce, thus making them affordable for many people. There were originally 500 auto manufacturers. By 1908, there were only 200; and in 1917 only 23 remained. This vast reduction was due to large amounts of consolidation within the industry.
... per share it had requested. As a result, it appears that Cooper should be successful persuading Nicholson shareholders and unaccounted for shareholders to accept the offer, and in return acquire at least 80% of the outstanding Nicholson shares of stock
13. Romano, P.L. "Trends in Management Accounting." Management Accounting, August 1990, pp. 53-56. 14.