Presentation Transcript

1. “Cool” Inventions

   Hunter Aselton Taylor Deck Domenick Esposito Madison Johnson
2. Motion Picture Camera Invented by Thomas Edison in 1891 Originally called Kinetoscope meaning “movement”-Kineto “Watching”-Scope First movie recorded of a man sneezing in 1893 Gained interest after French inventor created the first cartoon
3. Household Computer Invented by Commodore International Created to make mathematics easier Invented in 1977 Modern computers are so much more advance Made 126 billion dollars since 1985
4. Telephone Invented by Alexander Graham Bell Created so people could talk over long distances Invented in 1875 Can talk to people regardless of time/day Made about 35 billion dollars
5. Atomic Bomb Created by Robert Oppenheimer Invented to end World War II July 16, 1945 Modern bombs weigh 2400 pounds Explosive radius 1.1 million pounds of TNT No money made, not sold to others Stolen by the Soviets in 1947
6. Coca Cola Invented by John Pemberton Woman wanted medicine for head ache Put syrup into carbonated water May 8, 1886 It is delicious. Fact. Made many billions
7. Henry Rifle (First Repeating Rifle) Invented by Benjamin Tyler Henry Muzzle Loaders were too much trouble Faster rate of fire Invented in the late 1850s Foundation of modern automatic rifles 4 million dollars (colonial era)
8. Airplane First flight in 1903 by Wright brothers First heavier than air flight Propellers were 66% efficient By 1914 airplanes were used in warfare Used for Reconnaissance By the 1920’s, used for transport/commercial use Got a contract by US Government in 1911 to create new and better models
9. Sports Car First developed in 1920s Used by rumrunners to outrun police during prohibition in the 30s No single inventor By 1940s, thrill seekers improved on the design By 1950s, major car producers designed their own versions New sports car in 50s were $4000
10. Refrigerator First introduced by General Electric in 1927 Called the USS Monitor because it depicted the Civil War Ironclad Over 1 million units produced Sold for 100 dollars Used menthol-highly poisonous/flammable to consumers
11. S Corporations Elect to pass corporate income, losses, deductions Credit to shareholders for federal tax purposes report the flow-through of income Advantages: have limited liability tax accounting is easier than for LLCs saves corporate income taxes allows shareholder employees to saves on payroll taxes
12. Youtube Created February of 2005 Created by three former PayPal employees Revolutionized video sharing Sold in 2006 to Google for $1.65 billion First YouTube video was titled Me at the Zoo
13. S-Corporations Disadvantages: requires more book keeping and accounting tax returns cost more to prepare increased accounting, banking, and legal costs, some ownership restrictions sole proprietorships and partnerships are easier and less expensive to start than corporations can't be liquidated without paying some federal and state income taxes
14. S-Corporations calculates its income just like any other corporation instead of taxing the corporation of on those products, the corporation’s owners get taxed on their shares of the corporation’s profit examples of an S-Corporation are Seller Corporation which is in the business of leasing office space in the building it owns , PDW&A is a company that is in the business of real estate