exhibited. Today we can arrizcs‚ watch‚ rent or purchase just about any major/blockbuster film through hand-held devices‚ iTunes platform‚ technology industry giant Apple offers movies for sale and rent. In recent times Netflix has provided customers the option to rent by mail or access movies online. Movies are offered cheaper and trips to video rental stores such as Blockbuster are avoided or eliminated. In fact‚ Blockbuster has been navigating troubled waters for quite some time a direct result of
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P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
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Exercises and Problems –W2 E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan
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customs‚ and regulations -How long will food patents last? Will it be enough to cover high R&D costs or will Nestle need to pass on costs to consumers thereby breaking its goal to keep products affordable? -Is it possible to find a universal blockbuster product given the differences between food/nutrition and drugs/diseases? -Competitors may be able to develop products faster and or outspend on R&D (arms race?) -No info on Danone’s R&D budget given similarities in product groups However
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can download it the very first day. No running down to Blockbuster and having all copies checked out already or waiting for Netflix to get around to sending you a copy weeks later once the new release demand for that particular title has died down. Second‚ online distribution is also ideally suited to fulfill the long tail of demand for low-volume niche movies in many genres. Netflix was able to exploit this advantage against Blockbuster and other bricks and mortar DVD rental shops‚ who were unable
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Video Concepts Inc. Written Analysis and Communication - I Instructor Nitin Parmar Submitted by Manisha Kabra GMCS - Batch No. 25 Date January 20‚ 2011 Date: January 20‚ 2011 To: Chad Rowan‚ Owner‚ Video Concepts‚ Inc.‚ Lexington‚ North Carolina‚ United States. From: Manisha Kabra‚ Consultant Subject: Advice on alternative to select on account of no bright future growth in video rental business. This report is a summary and analysis of current situation on Video
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In contrast‚ if dividends are small or not paid on a regular basis‚ a Dividend Income balance might vastly understate the profits to be recognized by the business combination. Amount of excess amortizations. If Pilgrim has paid a significant amount in excess of book value so that annual amortization charges are quite high‚ use of the equity method might be preferred to show the effect of this expense each month (or whenever internal reporting is made). In this case‚ waiting until the end of
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issued at 98: 2‚693‚334 26‚667 2‚666‚667 2007 Dec 31 Bond Interest Expense Discount on Bonds Payable Bond Interest Payable To record accrual of bond interest expense for four months in 2007: Contract interest ($80‚000‚000 x 10% x 4/12) Discount amortization ($1‚600‚000 ÷ 20 years) x 4/12 Bond interest expense for four months 2008 Mar 1 Bond Interest Payable Bond Interest Expense Discount on Bonds Payable Cash To record semiannual bond interest payment and interest expense for two months (1/2 of interest
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Merger of Metrobank & Globalbank Table of Contents History of Global Business Bank.............................................................................................................. 2 History of Metropolitan Bank & Trust Corp............................................................................................. 3 History at the time of the Merger.............................................................................................................. 4 Reasons for Merger
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E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet. (b) Indicate how‚ if at all‚ the items not reportable as intangible assets would be reported in the financial statements. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering
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