Competition in the Movie Rental Industry in 2008: Netflix and Blockbuster Battle for Market Leadership 2. What forces are driving changes in the movie rental industry and are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability? -The economy is one of the reasons why rental industry went down. Less people are able to rent a lot of movies. -Second and main reason that drives
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SOLUTIONS TO EXERCISES EXERCISE 4-1 BRISCOE COMPANY Worksheet For the Month Ended June 30‚ 2008 Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 2‚320 2‚320 2‚320 Accounts Receivable 2‚440 2‚440 2‚440 Supplies 1‚880 1‚580 300 300 Accounts Payable 1‚120 1‚120 1‚120 Unearned Revenue 240 140 100 100 Common Stock 3‚600 3‚600 3‚600 Service Revenue 2‚400 140 2‚540 2‚540 Salaries Expense 560 280 840 840
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PLANNING HORIZON a 1. The long-range time period‚ usually the next two to five years‚ over which the financial planning process focuses is known as the: a. planning horizon. b. planning strategy. c. planning agenda. d. short-run. e. current financing period. AGGREGATION b 2. The process by which smaller investment proposals of each of a firm’s operational units are added up and treated as one big project is known as: a. separation. b. aggregation. c. conglomeration. d. appropriation
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(10 min.) E 1-23 Req. 1 The owner’s equity increased during the year by $4‚000. Beginning owner’s equity: $19‚000 – $9‚000 = $10‚000 Ending owner’s equity : $27‚000 – $13‚000 = $14‚000 Change in owner’s equity: $14‚000 – $10‚000 = $4‚000 Req. 2 Owner’s equity can change three ways: Owner’s equity can increase through: Owner contributions and/or Net income Owner’s equity can decrease through:
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TOK Essay 4. “That which is accepted as knowledge today is sometimes discarded tomorrow.” Consider knowledge issues raised by this statement in two areas of knowledge. Knowledge is formed from different ways of knowing‚ with different language‚ perception‚ reason and emotion‚ a same issue can be interpreted differently by different person or group. From a personal level perspective‚ due to the difference in their background‚ culture and experience etc‚ a person’s knowledge is often different with
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1. Arredondo‚ Inc. has current assets of $2‚170‚ net fixed assets of $9300‚ current liabilities of $1350‚ and long-term debt of $3980. Building a balance sheet for this company‚ address the following questions: a. What is the value of the shareholders’ equity account for this firm? b. How much is net working capital? Arredondo‚IncBalance Sheet | Assets Liabilities and Owener`s EquityCurrent assets $2‚170 Current
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The Little Rock School Desegregation Crisis: Moderation and Social Conflict. 1. What are the major claims/conclusions? Where can you find them stated? First‚ she explains that the Little Rock crisis has become and “international symbol of violent resistance to federal authority‚” pg.603 beginning of first paragraph. A constant feud of admitting black student into white schools was causing violence and political turmoil‚ thus threatening the economic development of Little Rock‚ pg.604 second paragraph
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1. According to the cost allocation methods used in the company’s accounting system that are described in the Production Cost Report‚ if a company employs 100 PATs at a total labor cost of $15‚000‚000 (including wages‚ fringes‚ incentives‚ overtime‚ training‚ and severance expenses)‚ assembles and ships 800‚000 entry-level cameras and 200‚000 multi-featured cameras over the course of a year‚ has revenues of $100 million from sales of entry level cameras‚ and revenues of $150 million from the sale
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Castaway Just the thought of us never getting off this island‚ circled through my head. Barely any food or water is left‚ the shelter we made from palm tree leaves is destroyed‚ and nine other people I don’t know are stranded on this deserted island. All of this did not start off the way it did; in fact I would be laying on the beach in the Bahamas right now. But‚ all because of that storm we are here. Thinking back to the night like it was yesterday. My family and I are middle class living in
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information‚ what amount of differential will be amortized annually? A. $0 B. $750 C. $1‚000 D. $2‚000 2. Based on the preceding information‚ what will be the balance in the investment account on Dec 31‚ 2007? A. $150‚000 B. $157‚500 C. $154‚500 D. $153‚500 3. Based on the preceding information‚ what amount of investment income will be reported by Rotor for the year 2007? A. $6‚500 B. $7‚500 C. $7‚000 D. $25‚000 4. Based on the preceding information‚ what amount will
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