Apple – How High Can You Go?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Apple made history this week by becoming the first $1 trillion publicly traded U.S. corporation on Thursday.

Questions:

1. How many years has it been since the 1st company became a $1 billion U.S. corporation?
2. What company was the first $1 billion U.S. corporation?
3. What companies are close behind Apple’s $1 trillion?
4. If you invested $10,000 in Apple when it first sold publicly traded stock at its initial public offering price of $22 in December 1980, how much would it be worth now, with reinvested dividends?

Source:
Heath, T. (2018). Apple makes history by hitting the $1 trillion cap. How high could it go? Washington Post, Aug. 3 (https://www.washingtonpost.com/business/economy/apple-has-made-history-by-hitting-the-1-trillion-cap–but-what-does-that-mean/2018/08/03/74525746-9670-11e8-810c-5fa705927d54_story.html)