First of all‚ according to Vinod (2008 -2013) books of prime entry are books where transactions are first recorded. These may or may not be part of the double system. These are not accounts; they are simply books that record details of transactions. Books of prime entry are also known as books of original entry / subsidiary book/ daybooks among others. In any organization where company’s buy and sell goods‚ will need to divide the journal into subsidiary books. And they are as follows: Sales
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force firms to set prices to keep industry profits low. The threat of new entrants can be eased by economies of scale‚ the first mover advantage‚ greater access to channels of distribution and existing customer relationships and legal barriers to entry. 3. Threat of substitute products The threat of substitute products can force firms to set lower prices which in turn reduces industry profitability. The importance of substitutes will depend on the price sensitivity of buyers and the degree
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for us for selection‚ I have choose the question five for my assignment this time‚ this question is regarding to two areas‚ one is the market entry strategy and explain why no single strategy can be used in all circumstances; another one is explaining why franchising is popular method of entering markets abroad and describe its characteristic. 2 Market Entry Strategy Why firms go abroad First of all‚ we need to know why firms go abroad and looking for entering foreign countries’ market. In
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are price takers‚ they cannot control the market price of their product‚ firms have a relatively small market share‚ buyers have complete information about the product being sold and the prices charged by each firm‚ and finally the there’s a free entry and exit of firms. In this essay‚ I will attempt to compare face to face this two market structures‚ monopoly versus perfect competition. To begin with‚ in a perfect competition‚ there are no barriers to enter or exit the industry. This means‚ anyone
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ADMS 4900 N: Management Policy Part I Coral Divers Resort: Case Analysis Synopsis Coral Divers Resort (CDR) is a small‚ but well-regarded‚ diving resort in New Providence Island in the Bahamas. It is owned by Jonathon Greywell‚ who work full-time at the resort and is a diving instructor certified by PADI and NAUI. CDR had established a solid reputation as a safe and knowledgeable scuba diving resort that offered not only diving‚ but also a beachfront location. Many divers had come to prefer CDR
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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already gone over this paragraph One and two but I have another answer. The barrier to entry for gaming is relatively low much lower than most normal sports‚ for example any kid could throw football but almost love those kids get into the NFL even with efforts. However the Italy thing about gaming is practice you don’t need to join a team to beat you don’t have to pay to enter most games the only barrier to entry is you and how good you are at the
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the leisure market as well. An attractive frequent flier program will increase the power of the airlines in the customer relationship. Threat of entry: threat of new entrants presents new firms’ possibility to enter the industry and make its returns falling down through prices competition. Since the hub and spoke system has taken place‚ the barrier to entry are higher because new carriers find it difficult to obtain gates and landing slots at the major hubs. In addition governmental and
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instant coffee’s market as a standard cycle market. Giving its characteristic‚ we will see what strategy Nescafe created to maintain the sustainable growth and continue generating rents. We will give example on what Nescafe did in China to analyze the entry barrier‚ convergence‚ oligopolistic scale orchestration‚ etc. We consider instant coffee market as the standard cycle based on the following concerns: 1. Convergence: Both Nescafe and Maxwell were the earliest two instant coffee providers in
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there was not enough time before the meeting with the bank to prepare accurate financial statements that could be relied upon by the bank in making its financing decision regarding Picton. She also could have inserted footnotes with each adjusting entry that she estimated‚ so both the President of the company and the bank would have known of any possible inaccuracies in the financial statements. Additionally‚ she could have told the President that more time would be needed to provide the bank with
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