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Rubber Reserve Company
Kenneth Stanley "Boots" Adams (August 31, 1899 – March 30, 1975) was an American business executive, University of Kansas booster, and civic philanthropist of Bartlesville, Oklahoma. Adams began his career with the Phillips Petroleum Company in 1920 as a clerk in the warehouse department. Twelve years later, he was chosen by founder and president Frank Phillips to fill the newly created position of Assistant to the President. On April 26, 1938, Adams was elected president of Phillips Petroleum Company by the unanimous vote of the company's Board of Directors. Upon succeeding Frank Phillips as president, Adams, then 38 years old, became one of the nation's youngest leaders of a major corporation. He remained in continuous service as the company's chief executive until his retirement in 1964. Although he retired from company operations, Adams continued serving as its board chairman until 1968; finishing his affiliation as a board member from 1968 to 1970. During his tenure, Adam ...
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Horton, Kansas
Horton is a city in Brown County, Kansas, United States. As of the 2020 census, the population of the city was 1,523. History Horton was founded in 1886. It was named for Albert H. Horton, chief justice of the Kansas Supreme Court. On January 22, 2013, the host of CNBC television show '' The Profit'' toured Horton in hopes of revitalizing Horton's downtown business district. Within 18 months, the community started the “Reinvent Horton” campaign to clean up the community and update "run-down" aspects of it, including the installation of curbs, sidewalks, and light poles, razed some buildings, and a large community effort to try to change Horton. Geography Horton is located at (39.663817, -95.528130). According to the United States Census Bureau, the city has a total area of , of which, is land and is water. Climate Humid continental climate is a climatic region typified by large seasonal temperature differences, with warm to hot (and often humid) summers and cold ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% an ...
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University Of Oklahoma
, mottoeng = "For the benefit of the Citizen and the State" , type = Public research university , established = , academic_affiliations = , endowment = $2.7billion (2021) , president = Joseph Harroz Jr. , provost = André-Denis G. Wright , faculty = 2,937 , students = 28,564 (Fall 2019) , undergrad = 22,152 (Fall 2019) , postgrad = 6,412 (Fall 2019) , city = Norman , state = Oklahoma , country = United States , campus = Midsize Suburb/College Town, , colors = Crimson and cream , nickname = Sooners , sporting_affiliations = NCAA Division I FBS: , mascot = Sooner Schooner , website = , logo = University of Oklahoma logo.svg , accreditation = ...
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Geologist
A geologist is a scientist who studies the solid, liquid, and gaseous matter that constitutes Earth and other terrestrial planets, as well as the processes that shape them. Geologists usually study geology, earth science, or geophysics, although backgrounds in physics, chemistry, biology, and other sciences are also useful. Field research (field work) is an important component of geology, although many subdisciplines incorporate laboratory and digitalized work. Geologists can be classified in a larger group of scientists, called geoscientists. Geologists work in the energy and mining sectors searching for natural resources such as petroleum, natural gas, precious and base metals. They are also in the forefront of preventing and mitigating damage from natural hazards and disasters such as earthquakes, volcanoes, tsunamis and landslides. Their studies are used to warn the general public of the occurrence of these events. Geologists are also important contributors to climate c ...
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Bottom Line
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Definition Net income can be distributed among holders of common stock as a divid ...
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Dividends
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax dedu ...
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Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by ...
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Wellhead
A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for the drilling and production equipment. The primary purpose of a wellhead is to provide the suspension point and pressure seals for the casing strings that run from the bottom of the hole sections to the surface pressure control equipment. While drilling the oil well, surface pressure control is provided by a blowout preventer (BOP). If the pressure is not contained during drilling operations by the column of drilling fluid, casings, wellhead, and BOP, a well blowout could occur. When the well has been drilled, it is completed to provide an interface with the reservoir rock and a tubular conduit for the well fluids. The surface pressure control is provided by a Christmas tree, which is installed on top of the wellhead, with isolation valves and choke equipment to control the flow of well fluids during production. Wellheads are typically welded ont ...
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Helms Athletic Foundation
The Helms Athletic Foundation, founded in 1936, was a Los Angeles-based organization dedicated to the promotion of athletics and sportsmanship. Paul H. Helms was the organization's founder and benefactor, funding the foundation via his ownership of Helms Bakery. Bill Schroeder founded the organization with Helms and served as its managing director. The men were united in a love of amateur athletic competition. The organization became well known for presenting awards and trophies for local, national, and international competition, naming the Southern California Player of the Month and Year, national championships in college basketball and college football, Rose Bowl Player of the Game, Coach of the Year, and other such awards for athletic achievement. The organization dedicated Helms Hall in 1948, which housed a museum for sporting artifacts as well as the Helms Hall of Fame. Following the death of Paul Helms in 1957 and the eventual closure of Helms Bakery in 1969, Schroede ...
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Amateur Athletic Union
The Amateur Athletic Union (AAU) is an amateur sports organization based in the United States. A multi-sport organization, the AAU is dedicated exclusively to the promotion and development of amateur sports and physical fitness programs. It has more than 700,000 members nationwide, including more than 100,000 volunteers. The AAU was founded on January 21, 1888, by James E. Sullivan and William Buckingham Curtis with the goal of creating common standards in amateur sport. Since then, most national championships for youth athletes in the United States have taken place under AAU leadership. From its founding as a publicly supported organization, the AAU has represented U.S. sports within the various international sports federations. In the late 1800s to the early 1900s, Spalding Athletic Library of the Spaulding Company published the Official Rules of the AAU. The AAU formerly worked closely with what is now today the United States Olympic & Paralympic Committee to prepare ...
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Bud Browning
Omar M. "Bud" Browning (October 5, 1911 – September 11, 1978) was an American basketball coach. In 1948, he became the United States' second Summer Olympics men's basketball head coach. Browning led 1948 USA team to a final record of 8–0, en route to a gold medal at the 1948 Summer Olympics basketball tournament, in London. Browning became the winning-est coach in AAU tournament history, when his teams won AAU championships in 1962 and 1963. He performed as a player in the AAU from 1935 to 1943, but achieved his greatest fame as a coach for the Phillips 66ers, leading them to five consecutive AAU national titles from 1944 to 1948, and to two more titles in 1962 and 1963. Browning first achieved name recognition in the AAU in 1935, when he helped lead the Southern Kansas Stage Lines win the national championship over the McPherson Oil Refiners, 45–26. He was selected for the AAU All-American (all-star) team. The following year, playing for the Santa Fe Trailways team of ...
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Chuck Hyatt
Charles D. Hyatt Jr. (February 28, 1908 – May 8, 1978) was a collegiate basketball player in the late 1920s. The Syracuse, New York native played three seasons at University of Pittsburgh under coach Clifford Carlson (1927–30). An exceptional shooter, Hyatt scored then-outstanding 880 points throughout his college career. He was named an All-American three consecutive times, and additionally Helms Foundation Helms Foundation Player of the Year, Player of the Year in 1930, when he led the nation in scoring with 12.6 ppg. After his college career, Hyatt played Amateur Athletic Union, AAU basketball, and later coached in the Professional Basketball League of America. Hyatt was inducted into the Helms Athletic Foundation Hall of Fame, the Naismith Basketball Hall of Fame in its inaugural class in 1959, and the College Basketball Experience, National Collegiate Basketball Hall of Fame in its inaugural class of 2006. In 2019, Charley Hyatt was posthumously inducted into the Pitt At ...
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