Word: accounting
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Dates: during 1960-1969
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...agnostic who began his Dictionary as "a literary diversion," Davidson thinks that primitive man came to believe in angels because of his need to account for the fearful things he could not see or understand. Many contemporary Christian theologians concede the mythic character of most religious references to angels. Although unable to say for sure how many angels can dance on the head of a pin, Davidson otherwise has come to several conclusions about them as a group. Most are male, and their principal language is Hebrew-one reason, perhaps, why 11,000 angels are alleged to guard every...
...acquire such firms as Pennsylvania-based American Safety Table Co. (industrial sewing equipment), New York's Wah Chang Corp. (rare metals) and Denver's Aqua Tec Corp. (oral-hygiene appliances). That kind of diversification means that Teledyne has thereby reduced its reliance on Government contracts, which now account for only 45% of its business v. 82% in 1964. With profits increasing by an average 190% annually (to probably $20 million in 1967) Singleton's Teledyne holdings have grown from his original stake of $225,000 to about $32 million...
While smokers get hooked by their habit in more ways than one, the blame cannot be put on manufacturers; they sell at a standard price, which has increased only 7¾% since 1958. Even federal, state and local taxes, which account for more than 60% of the price of cigarettes in some areas, are not responsible for the local price variations. The rub really lies with the retailers...
...stock rises as much as $5 a share by that date, the investor will be able to exercise his call at a profit. If Video climbs $10 a share, he stands to net about $550 on a $450 investment, or 122%. Calls for six months and ten days account for about 40% of such activity because the profits from selling them are long-term capital gains, taxable at a maximum...
...agreeing to stop selling Fund of Funds shares to Americans, limit holdings in U.S. funds, and sell off Investors Planning Corp., a mutual-fund sales firm that I.O.S. purchased in 1965 for $2,000,000. Cornfeld claims to be happy the way things turned out. American clients account for only 3% of l.O.S.'s business anyway-and Cornfeld figures to unload Investors Planning at an $8,000,000 profit...