...CASE: Quality of Earnings #2 – Bear Stearns & Co 1. What is Blockbuster's amortization timetable? Do you think it is appropriate? The amortization timetable of Blockbuster is 40 years. In my opinion as an investor's perspective, it is not appropriate because of this is not as per the SEC standard of 5-7 years. 2. What would be the impact on Blockbuster's 1988 earnings per share if 5 amortization were applied to this goodwill? If the 5-year amortization were applied in its place of the 40-year timetable, then it is necessary for Blockbuster to identify the goodwill in larger amounts. This would increase tax liability of Blockbuster, which would have represented a loss of $0.09 (0.58 - 0.49) per share | 1988 | 40 Yrs. Total | 5 Yrs. Amortization | Current Amortization | 769,000.00 | 30,760,000.00 | 6,152,000.00 | Operating Income | | | 26,345,000.00 | New Operating Income | | | 20,193,000.00 | Income Tax | | | 7,673,340.00 | Net Income | | | 12,519,660.00 | Outstanding Shares | | | 25,741,549 | Earnings Per Share | | | 0.49 | 3. What would have been the effect on earnings per share if Video Superstore purchases were not included in 1988 revenues? If Video Superstore purchases were not included in 1988 revenues then there would be negative effect on earnings per share. The earnings-per-share would be lower in that condition...
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...Group Project: Preliminary Draft of Project Strategic Analysis A. SWOT Analysis Strengths: * Brand recognition * Excellent employee retention * National * Customer loyalty * Segmentation | Weakness: * Global expansion * Competition * Profit Margins | Opportunities: * Expanding – Globally * Going green * Marketing * Updating their look | Threats: * Competition (Starwood, Intercontinental) * Alternative lodging * Terrorist attacks * Economic slowdown | There are many strengths, weakness, opportunities, and threats to Marriott International. To give a better overview of this company, a few of these will be explained. Starting off with strengths, Marriott International is a well-known brand; from Courtyard to Fairfield Inn, it is known world-wide. Anyone will agree that one of the many perks of Marriott is that it is not for just one type of person; it caters to people from all different socio-economic backgrounds. Depending on the time and location, rooms average around $150 per night at the more practical Courtyard or Residence Inn and go up to about $300+ per night at the more luxurious Ritz Carlton or the JW Marriott. However, just like any business that is in demand, Marriott International has to deal with some strong competition as more and more hotel chains and local hotels emerge. Apart from competition, another issue Marriott international faces is global expansion. While Marriott International has aggressively grown...
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...traits in preceding generations. Biologists have recognized that patterns of evolution exist and can vary because every species is unique. Convergent evolution is unrelated organisms living in similar environments, which can evolve with similar characteristics, such as the example of a hurricane can look and feel the same, whether it occurs in Florida or Italy. Divergent evolution, species living in different regions that were closely related, yet perhaps drifted apart, such as the example of the polar bear and the brown bear. Polar bears developed new characteristics because they needed blubber to keep warm in the snowy climates in comparison to the brown bear. Adaptive radiation, several species move into a new territory and evolves into a completely new species, which began from a single species, such as the marsupials – kangaroos with powerful, long legs to cover large areas of land, and koalas with smaller, centralized bodies allowing them to climb trees. Co-evolution occurs between interacting species with parallel evolutionary changes, such as the example of bees and the plants that they pollinate. One species relies on the other species. The implications of adaptive radiation that may occur for future humans could be new physical attributes will continue to distinguish individuals living in hotter climates in comparison to colder climates, such as humans in North America...
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...In the last two centuries, grizzly bears had been hunted and persecuted to extinction and mistaken as black bears. Grizzly bears are often portrayed as dangerous, voracious creatures who hunt and kill people, but they're nothing like that at all. In fact, they are not aggressive unless you’re the one causing a ruckus or being a threat around their cubs or food sources. Grizzly bears are quite intelligent, beautiful and unique creatures who have great memory, senses of hearing, and smell. But, since they are incorrectly portrayed as a threat, people are most likely to not be in favor of them. The FEDS are ready to delist grizzly bears and hunters are ready to make them trophies. David Suzuki, author of Grizzly Bear Trophy Hunt Is a Sport Like Dogfighting is one of many who oppose to killing grizzly bears. David Suzuki finds it inhumane to kill these animals for your own selfish and pleasurable means. On the contrary, Steven Rinella, author of The Problem with Protecting Grizzly Bears is in favor of killing grizzly bears. Due to the amount of money put into protecting these bears from harm's way, it's a waste of money. By reading both positions, it becomes apparent that it is inhumane to kill a grizzly bear as a trophy you hang...
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...In the book Touching Spirit Bear, the main character is a boy named Cole Mathews. He is very aggressive towards other people and as a result has been to multiple juvenile detention centers and police stations. There was one situation where he robbed a hardware store, trashed it, then bragged openly about doing it because the police hadn't caught him. A boy named Peter turned him in and as a result, Cole beat up Peter to the point where he had to be hospitalized and later had speech issues. Cole went to yet another juvenile detention center where an officer visited him regularly and informed him about a program called Circle Justice where instead of locking the kid up, they help them “heal”. Cole was accepted and they decided to put him on an...
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...someone/myself a tattoo 11. Build bIg muscles 12. Grow a full beard 13. Teach a weights class 14. Learn to dance like a pro 15. Go windsurfing. 16. Ride a jet ski. 17. Go water skiing. 18. Go water skiing barefoot. 19. Be a millionaire 20. Go deer hunting. 21.Go duck hunting. 22.Go alligator hunting. 23.Hunt grouse in Scotland. 24. Go bear hunting. 25. Go to Space 26. Land on the moon. 27. Find a alien life form. 28. Find a new galaxy 29. Time Travel 30. Learn parkour 31. Speak french 32. Speak Spanish 33. Speak dutch 34. Speak Italian 35. Speak Portroguese 36. Speak Chinese 37. Speak Japanese 38. Drive a car into a lake 39. Drive a car into a telephone pole 40. Drive a car into a building 41. Drive a car on water 42. Drive a flying car 43. Drive a car off a cliff 44. Drive a car into a car 45. Drive a car into a house 46. Build a house 47. Build a building 48. Build a car 49. Build a bike 50. Build a business 51. Build a Computer 52. Make the sickest phone ever 53. Build a teleporter 54. Revive a mouse 55. Revive a human 56. Revive a deer 57. Revive a bear 58. Revive a ferrit 59. Revive a dog 60. Revive a cat 61. Take a cross country road trip 62. Window shop at every store in the Mall of America 63. Go on all the rides at Disneyland 64. Complete a triathlon 65. Teach an adult how to read 66. Attend an event at the Olympics 67. Take a transatlantic cruise 68. Spend the night in a Medieval castle ...
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...About one-third of Bigfoot sightings are concentrated in the North America, while Bigfoot advocates, postulate that Bigfoot is a worldwide phenomenon: Bigfoot researchers and critics agree that approximately 80% sightings are misidentification, as the reported size of Bigfoot approximates that of a bear standing on its hind legs, and bears have a high prevalence in regions said to be inhabited by Bigfoot. Bigfoot sightings or footprints are often demonstrably hoaxes as seen through this contemporary example. On July 9, 2008, Rick Dyer and Matthew Whitton posted a video on YouTube claiming that they had discovered the body of a deceased Sasquatch in northern Georgia forest. They received $50,000 from Tom Biscardi; Searching for Bigfoot, Inc. Popular news networks covered the story of the men's claims across the globe. The alleged Bigfoot body arrived in a block of ice in a freezer with the Searching for Bigfoot team. When the contents were thawed, it was discovered that the hair was fake, the head was hollow, and the feet were rubber. Subsequently, the discoverers...
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...Cole is an average kid from Pittsburgh that love to have fun. All throughout his life his motto is “just keep on doing you”. He grew up in a suburban area with a ton of friends. Cole was very outgoing and he really liked talking to people and being around his friends. Most of the time he could care less about school. All he wanted to do was party and have the best time of his life. This all changed when he had the biggest scare of his life. During this journey will venture through Coles life and what happened that almost changed his life. The moment when Cole walked through the door of the high his whole life change. He was an innocent little kid going into 8th grade and like every other kid had no idea what to expect. In middle school he had good grades and didn’t do anything bad or get in trouble ever. He was one of the good students, always participating in class and willingly ready to learn every day. He had a ton of friends that were always hanging out together outside of school. Cole was very athletic and played football and baseball as long with the rest of his friends. In 8th grade every person goes through a change of some sort because of all the different surroundings and how much freedom they have. Cole never really had the freedom to do whatever he was always babied through everything. In the lower grades Cole always had someone to help him do everything and now there is no one to help you besides yourself. Cole initially liked like and thought it was so nice because...
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...threatening to remove grizzly bears from the Endangered Species list. While the grizzly bear population in the Greater Yellowstone Ecosystem has increased since the bears were added to the listing in 1975, the struggles to survive continue (U.S. Park Service). The Defenders of Wildlife agree that the government needs to keep protecting the grizzly bear because of the threats of human encounters, habitat availability and climate change. First, human encounters are a risk to the survival of grizzly bears. The National Park Service at Yellowstone reports that the management of grizzlies will not change within the park if these animals are removed from the list. Hunting will still not be allowed in the area. However, grizzly bears do not know the boundaries of the park. The states that surround the area could allow hunting of these animals during their regular seasons. As a result, the population of grizzly bears would decline. Next, habitats for grizzly bears are still fragile. The Greater Yellowstone Ecosystem is an ideal place for these bears to live and thrive, but outside the area there are many dangers. Humans continue...
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...Don’t we all wish we could hibernate during the cold winter months? Unlike us, these furry critters can. Keep your eyes open for these five hibernating animals this winter season. 1. Deer Mice Deer mice have short lives and light hibernation periods, entering a state of light torpor instead of full hibernation. Even though they don’t completely hibernate, they still appear pretty sluggish, as their body temperature falls several degrees during torpor. Between daily snuggles and shared heat, deer mice save a lot of energy. They’re known to enter domestic spaces looking for warmth. They’re more nocturnal than diurnal, so expect to see them during the night. They’re bundled up from morning to late afternoon, leaving at night to go out in search of food. While they’re active, they’re busy putting on body fat and storing seeds. 2. Grey Squirrels The grey squirrel, which can be spotted throughout southern Ontario, uses its bushy tail and thick, long winter coat to stay warm. It remains in its den on severely cold days, but it ventures outside on warmer ones. There are many different types of squirrels, but not all enter full hibernation. Studies have shown that some squirrels enter hibernation as a response to a change in blood temperature, and males actually come out of hibernation first, followed by their female counterparts. 3. Raccoons On warmer winter days, don’t be surprised to come across a raccoon. Slightly warmer weather, combined with hunger, pulls them out of their dens...
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...Based on Julia’s years of buying experience, the tested result would give Julia a clear estimation about how many new stuffed animals she needed to order. Figure 1 in below shows the timeline of how Julia buys the toys for the company: 1992 January 1993 December 1994 50 of Each Tested for sale: Evaluation Test Results then Order Estimated Number of Bear, Pig, Bear, Pig, & Raccoon & Buy Test Toys for 1994 Christmas & Raccoon for Christmas Season Figure 1: Timeline of how Julia buys the toys for the company Decision Problem During last year, three stuffed animals were tested for sale, including a bear, a pig, and a raccoon. The result shown there were 10 out of 50 bears, 4 out of 50 pigs, and 32 out of 50 raccoons sold. Julia was faced with a decision to make about whether she should import the toys from Germany or but the toys domestically, and if the toys were to be imported, how many of bears, pigs, and raccoons she should buy for the Christmas season of 1993. Analysis of the Industry and the Company Looking at the toy business, there was an intensified competition between different companies. The toy departments of department stores are generally less profitable comparing with other departments. Those toy...
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...Bears may be large and intimidating, but do not pose a threat to humanity. This essay will go deep into the myths about bears to uncover the truth behind these myths. What are these myths? Bears for years have been portrayed as deadly, overwhelming beasts which attack on sight, but after years of research, is this true? Primarily, over the years the years the media and public have made many false stories about bloodthirsty bears. One outrageous myth is that if bears taste human food, they don't go back; yet, “bears prefer natural, wild food unless it is difficult to find and human food is too easy to get” (Rogders). This is proof that bears do not go out of their way for humans; they prefer natural food. In summary, bears are not blood thirsty creatures but intelligent animals that do not pose a threat to humans if handled appropriately....
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...To me, it seems that Herzog has a lot of respect for Treadwell and what he did. I think that Herzog acknowledges that his methods weren’t perfect, but, he does so in a respectful way. I think that Herzog saw Treadwell as someone who was determined and someone who did have pure intentions. I do think that Herzog also let the footage mostly speak for itself, only adding commentary when he saw fit. He interviewed Treadwell’s parents and individuals who disagreed with what Treadwell did, and I see this as being one of the ways that he tells viewers that there are two sides to the story. He met with experts about the hunting of bears. This was another piece of information that allowed viewers to decide if the bears did need someone watching over...
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...Bear attacks are rare, however, inevitable where humans and bears interact. One of the first thing to note is whether the bear is a grizzly or a black bear. Studies show that grizzly bears tend to be more aggressive compared to black bears because of the difference in selective pressures that have acted on them in the past and, act on them in the present (Herrero, Aspects of Evolution and Adaptation in American Black Bears (Ursus americanus Pallas) and Brown and Grizzly Bears (U. arctos Linne.) of North America n.d.). Herrero also states that there is evidence in data from the North American National Parks of bear encounters with humans as well as North American hunting records. Some reasoning for why this is true is due to the fact the black...
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...sensationalized then ever before in human history. As people become more disconnected with nature and animals, more and more people are becoming depressed through their hectic lives and often yearn to be reconnected to the natural world again. However, the bond between humans and the wild are connected through the lens of a camera. As Chris Palmer has mentioned “During primetime in September 2008, more than 30 million viewers tuned in to Animal Planet, which is now seen in 94 million households in the United States and more than 220 million internationally.”(Palmer. Pg 5). Larger and more expensive productions such as Arctic Tale gives audiences a newer cinematic experience to the wild habitat. The films overall journey follows Nanu the polar bear and ** the seal in their struggle to find food because of the effects from...
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