timely and costly) to the companies as they might lose the client and will be pressured (by companies threatening to go to other competing auditors) to issue an unqualified opinion. 3. Who‚ if anyone‚ was primarily responsible for the internet stock bubble There is no entities to put the full blame on as everyone was to blame as everyone was caught up in the bandwagon of the rapid expansion of the world wide web that they were to lax in their deals. However‚ more emphasis would be put on buy and sell-side
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Strategy and The Internet Michael E. Porter Harvard Business Review In this article‚ the author (Michael E. Porter)‚ explains his opinion on the use of the internet by organisations. He points out that both dot-coms and established companies have both‚ by way of competition‚ violated the core precept of strategy in businesses. Porter brings out the fact that companies focussed more on attracting more customers‚ via discounted channels‚ discounting and advertising‚ rather than having profit in
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Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
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mastery of this paper is bubbles. Through different types of mediums‚ the chemical composition of a bubble will be discovered. This will be combined with the evaluation of a bubble as a metaphor for and ancient society and for me. For the chemical composition of the bubble the evidence has been found and put into the References portion of the master. The physical and symbolic metaphor of the bubble through history is also told in the References. The last comparison between the bubble and I was performed
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1. List the ideal role of each financial intermediary Here the answers are not including the information intermediaries since we can differentiate intermediaries into two types in the capital market‚ one is financial intermediaries such as venture capital firms‚ banks‚ mutual funds‚ and insurance companies‚ and the other is information intermediaries such as auditors‚ financial analysts‚ bond-rating agencies‚ and the financial press. a) Venture Capitalists (VCs) There are several types of
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essay on bubbles Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are pretty cool. Bubbles are
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BUBBLES …As the cool air whiff to my face‚ I can’t resist closing my eyes and pretending to fall into deep asleep‚ to fade all the pains and emptiness brought about my consciousness. But the sounds of the bird chirping and the touch of the cold bench where I am sitted made me realize that it is still a wee time since I got up from my bed. The moment I open my eyes‚ the intense feeling of loneliness filled my whole being as the tiny bubbles blown out in the air. Wondering where it came from
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R&D‚ Advertising and the Market Value of Internet Firms By: Damir Tokic Outline: 1. Introduction 2. Article Summary 3. Discussion 4. Conclusion Introduction During the Dot-com “bubble”‚ internet firms were highly valued compared to “old economy” firms. Internet firms’ stock prices were unrealistically high. Most of those firms were operating under loses and no tangible assets to warrant those prices. Analysts justified those prices and recommended buy ratings but later
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1. Intended role of each institution/intermediary: Venture Capitalists – They screen companies with good business ideas from bad ones and provide capital to the start-ups with good business ideas. The required return on capital for VCs is very high to compensate the shareholders for the higher risk in investing in new businesses‚ and this is achieved when VCs sell their stake in the business through IPOs or trade sale. Thus‚ VCs will work to ensure the business is sound so that it will fetch the
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The Impact of Video Games on Children Video games have been available to consumers for the last 30 years. They are a unique form of entertainment‚ because they encourage players to become a part of the game ’s script. Video games may have a negative or positive effect on children. The most widely used "positive" impact video games are said to have on children is that they may improve a player ’s manual dexterity and computer literacy. The online video games that children play require abstract
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