Apple Store Marketing Opportunities

The historical backdrop of Apple Store Previously known as Apple Computer Inc, Apple store is a worldwide organization that produces PCs, programming, and buyer hardware. The significant product offering for Apple store involves PCs, iPhone, and iPod music store.Advertising We will compose a custom article test on Apple Store Marketing Opportunities explicitly for you for just $16.05 $11/page Learn More The organization was set up in 1976 by two electronic designers in particular Wozniak and Jobs who discharged the main PC named as Apple 1. From that point forward, Apple store has commanded PC showcase by means of its creative items, for example, the Power Mac and Macintosh however experienced promoting issues in 1990s. The organization turned into the new market pioneer in shopper gadgets with the most recent achievement running from items, for example, iPod Touch, iTunes, iPhone, and iPad (Apple Inc., 2011). Presently, Apple store is a worldwide innovator in innovation with income totaling to $60 billion. In the monetary 2010, it surpassed Microsoft as far as market capitalization (Apple Inc., 2011). Markets for Apple Store works Apple store sells its items in different markets over the world. For instance, through retail outlets, for example, online store, the organization offers various items to shoppers and different business undertakings. Moreover, Apple has put resources into programs that advance affiliate deals including ASCP which centers around certain affiliate areas and APRP which gives mastery in items and client assistance (USSEC, 2009). Mac store similarly offers PC items to government organizations, and imaginative markets inside its land area. The business sectors are esteemed vital to outsider PC applications and equipment engineers. The predominant extension and figuring execution of Apples items appear to be the major consumers’ fascination inside the market. In addition, Apple offers PC items to clients inside logical market just as in the data innovation markets. Contenders The significant product offering for Apple is the PCs showcase. This organization anyway faces various rivalries from the U.S. based organizations close by other outside companies. In the U.S., rivalries rise up out of Hewlett-Packard (HP), Dell Computers, and Compaq Corporation.Advertising Looking for paper on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More Foreign market competition emerges from Sony, Toshiba, and new participants, for example, Acer Computers. These companies appear to have caught huge pieces of the pie. A portion of these contenders sell their PCs produced using other working frameworks, chop down their costs and lower item edges so as to increase upper hand. Subsequently, the major serious components are value, item quality, highlights, unwavering quality, development, structure, appropriation capacities, accessibility, and friends notoriety. Gover nment Regulatory Roles Despite insignificant guideline on PCs promoting, there are explicit laws that have consistently influenced advertise rivalry for Apple store. The copyright law for instance constrains the degree to which the organization can get innovation while it likewise permits different organizations to utilize Apple’s innovation to certain level (USITC, 1995). In 1989, Xerox charged Apple for the unlawful usage its innovation which the last organization utilized in making Mac programming. In 1992, Apple blamed HP and Microsoft for copyright encroachment yet the court decided for the charged. Openings and Issues confronting Apple Store Like different organizations, Apple progressively faces issues relating to ecological contamination. Electronic squanders are viewed as significant supporters of ecological corruption and any approach tending to such an issue influences Apple store tasks (Suraj, n.d). Besides, as Apple keeps on extending all around, the all inclusiv e deficiency of ability and talented work keeps on influencing its serious edge. All things considered, Apple has the chance to misuse developing markets, for example, Brazil and India other than using modest work accessible in these economies. All in all, Apple store has become a market head in PC and electronic industry dependent on its unassuming foundation. Since Apple has enormous market all inclusive, it has beaten hardened rivalry in the business however the organization must think about government guidelines and issues that may influence its future. Apple store needs to misuse advertising openings made by rising economies to stay serious. References Apple Inc., (2011). The new, quicker MacBook Air. Web.Advertising We will compose a custom paper test on Apple Store Marketing Opportunities explicitly for you for just $16.05 $11/page Learn More Suraj, S. E-squander and natural corruption. Web. US Securities Exchange Commission, (2009). Structure 10-K: Apple Inc. Web. US Inter national Trade Commission, (1995). Worldwide intensity of the US program and administration ventures. Web. This exposition on Apple Store Marketing Opportunities was composed and presented by client Brenda English to help you with your own investigations. You are allowed to utilize it for research and reference purposes so as to compose your own paper; notwithstanding, you should refer to it in like manner. You can give your paper here.

Essay on Credit Card and Coin

Paper on Credit Card and Coin Paper on Credit Card and Coin Presentation Introduction: Good evening, my name is Denver Lobo and I will talk you about another item called Coin. Change: However before we start I’d like to get a speedy display of approval concerning which of you have more than one credit or platinum card in your wallet, satchel, or pocket. Snare Introduction: An examination from Experian, a worldwide innovator in giving data and diagnostic instruments shows that the normal American has 3.5 plastic cards in their wallet. This incorporates credit and check cards, however bars participation or different cards. Change: with an end goal to disentangle and decrease the quantity of cards that burden you, I need to acquaint you with Coin. Plan Introduction: So today, I might want to acquaint you with another item called Coin. I will take you through why Kanishk Parashar chose to begin this organization and what it’s item achieves. There are numerous points of interest of utilizing a Coin, so I will walk you through several focal points that I believe are generally significant, and afterward through a couple of detriments with the goal that you can settle on an educated purchasers choice regarding whether you might want to utilize such an item. I will tell you the best way to utilize a Coin, and at last show you the best way to pre-request your own Coin. Progress: Last week I disclosed to all of you that 85% of the universes exchanges are done in real money, which adds up to an enormous undiscovered market for card processors, yet in addition new companies, for example, Coin. About Introduction: Kanishk Parashar began this organization in 2012 in light of the fact that he accepted that you can hold one card that holds every one of your cards, he went through the initial a half year prototyping, and the following a half year obtaining investment financing. He stated, â€Å"Small adjustments go far and by disentangling a procedure you can improve a people life. In the long run he thought of Coin. Coin is an associated gadget that can hold and act like the cards you as of now convey. Coin works with your check cards, Mastercards, gift vouchers, faithfulness cards and enrollment cards. Rather than conveying a few cards you convey one Coin. Change: Kanishk needed clients to have an extraordinary encounter on an everyday premise. So he made it basic. Basic Introduction: You can have the entirety of your Cards in One Coin. You could never need to haul a wallet around as you would have each card you required put away between your telephone and your Coin. The components of a coin are actually that of an ordinary Visa, which obliges having more with less. You can hide away to 8 cards on your Coin, and a boundless measure of cards on your telephone. Progress: Along with the extraordinary client experience Kanishk needed to make the interface simple to utilize, so he did. Simple Introduction: Swipes like a card. Handles like a fantasy. With the image on the screen, you can see two indispensable pieces of the Coin. First the switch catch, and second the screen. The switch button is utilized to flip through the 8 distinct cards saved money on your Coin. So in the event that you need to pay for a business supper, you can pay with your corporate card, if you’re out for supper with your family, you can, well additionally utilize the corporate card. You may be thinking great what occurs if the catch is squeezed after you pick your ideal card? When you pay for a check with your card, and the card moves out of your closeness, a low vitality Bluetooth chip bolts the card chose so it can't be changed. Progress: This usefulness likewise makes the Coin Secure. Secure. Secure Introduction: The primary security highlight is that it cautions your telephone in the event that you walk more than 7.5m away from your Coin. As should be obvious in the image, the Coin application asks the client, â€Å"Did you leave your Coin behind?† As coin is a computerized gadget, you can secure it totally on the off chance that you lose it, without securing or dropping any of your cards. The subsequent security include simply like the component Find my Iphone, you would now be able to discover your Coin, so it will have more security highlights than a customary card. Change: Along with the security

Top 5 Reasons NOT to Become a PA

Here are the Top 5 Reasons NOT to Become a Physician Assistant (PA) 1. You are becoming a PA because its (enter your reason here) than becoming a doctor Examples include: Its easier than becoming a doctor Its more convenient than becoming a doctor Its more practical than becoming a doctor Its my backup plan in case I dont get into medical school There are lots of excellent reasons to become a PA but doing so because it's easier, more practical, as a last resort or any of the examples listed above is certainly not one of them. The physician assistant profession should never be your failsafe fallback plan just in case becoming a doctor doesnt work out for you. As in: I wanted to be a doctor, but I am choosing to become a PA because I didnt get into medical school, or I did poorly on the MCAT, so I guess Ill apply to PA school, or Because Ive heard that PA school is easier. We dont mind that you weigh the decision to become a PA against that of becoming a doctor because many of us who went into the PA profession also considering becoming an MD at one time or another. But even if you were on the MD path and later changed your mind (like I did) make sure that the decision to become a PA is in line with your passion and your purpose. Use the same type of decision making you would use while choosing a life partner. There are lots of options, many of them good ones, but only one or two that truly tickle your fancy. Admissions committees are on the lookout for insincere candidates, and they can spot them from a mile away. Be a PA because it checks all the right boxes because you WANT to be a PA NOT because you fell short of becoming a doctor. We are not the fall short plan nor do you ever want the profession you choose for your life to be one. 2. You are becoming a PA because of better work-life balance or better hours If you have spent time shadowing or working with PAs, it becomes readily apparent, very quickly that PAs put in a lot of hours! Not to mention, many MDs are seeing the light and embracing the opportunity to offload some of the more undesirable aspects of their work (like weekend rounds and after hours phone calls) to their PAs who are often left shouldering more of the clinic responsibilities. Recent research shows that most PAs spend at least two hours per week unpaid just catching up on charting. Of course, this is in addition to an already packed 40 to 50-hour workweek. Its true that with time, effort and the right financial situation (i.e., two incomes, a low cost of living, not much student loan debt, the avoidance of lifestyle expansion) you can structure your life in a way so that its possible to work part-time or at reduced hours. I know many PAs who do just that, and its a dream come true. But I also know PAs who exists on the opposite end of the spectrum. They are putting in long 5 or 6-day workweeks, using weekends to catch up on errands, picking up call, working nights, dropping their kids off at daycare at 7 am and picking them up at 6 pm then going to bed with a laptop and their trusty EMR. They are burning out just trying to keep the treadmill turning. The truth is that work-life balance is not innate to any profession, especially healthcare workers and yes, even PAs where office hours are at all hours. So if you are becoming a PA because of its optimal work-life balance, you may be in for a big surprise. 3. You are becoming a PA because its more affordable In a recent blog post titled The Top 5 Reasons People Choose to Become a PA: Put To The Test, I tested the feasibility of the fifth most common reason people choose to become a PA based on the latest AAPA survey results: The ability to pay off debt. Unfortunately, the results were not encouraging. Based on national 2019 averages reporting PA student loan debt of $125,000 repaid over ten years at 4.45% interest with an estimated monthly payment of around $1,292.47 - To justify the cost of PA school education you should make no less than: $93.21 Hourly $16,155 Monthly $193,870 Annually As a new graduate PA, these are hard numbers to attain unless you are willing to trample all over your purpose, passions, and highly sought after work-life balance as discussed above. With the increasing cost of PA school tuition, combined with sky-high undergraduate education costs and current annual reimbursement rates at around $104,000 pursuing the PA profession as a cost-saving measure is not what it used to be. 4. You are becoming a PA because someone told you too (i.e., school counselor, friend, teachers, mom, dad, etc.) I recently had lunch with a student who is on a pre-med track. As I write this, he holds a full-ride scholarship to medical school upon graduation should he choose to accept it. He is somewhat non-traditional as he has two children and is in his early 30s. For the last ten years, he has focused on providing for his children while completing his undergraduate coursework, preparing to take the MCAT and applying to medical school. That is until his academic advisor told him that PA would be a better route. Before this encounter with his advisor, he had never considered becoming a PA. But as he researches the PA profession, he is beginning to think that this may be a more practical route. Naturally, he is now full of doubt and questioning his decision to become an MD. Should he take the more efficient, more practical route and become a PA or become an MDthe path he has been treading for many years and the one he has had his heart set on since kindergarten? Good question! While it is true that he will have less time in school and a faster path to full time paid work as a PA student, its not true that by attending medical school, he will limit his flexibility and options. Medical schools have been around for a long time, and because of this many programs have developed flexible options for parents. Part-time opportunities for PA students have been phased out at many PA programs. Residency programs are grueling, but with the right support system, can be manageable. There are many creative financing solutions. Dont give up on your dream of becoming a doctor because other people (including doctors) told you to do so. If you do, this is a recipe for disappointment, constant and caustic comparison, and a lifetime full of debilitating what ifs. Trust me, Ive seen it, and its not pretty! 5. You are becoming a PA because you are coming to the United States as a doctor from another country I get emails every week from foreign medical doctors and other health care providers from non-US countries looking to become a PA. Foreign physicians interested in practicing medicine as an MD in the US, need to prepare to pass the US Medical Licensing Exams, get certified by the Educational Commission for Foreign-Trained Medical Graduates, enroll in a residency program, and then take a third licensing test. Its a grueling path, one that as an MD you have already completed once in your home country, so its natural to look for alternatives, I get it. But becoming a PA to avoid the work of medical licensing in the US is a HORRIBLE reason to choose the PA profession. Although your prior medical training may have prepared you well for the rigors of PA school education, PA schools are on the look-out for insincerity. You may genuinely want to use your skills to help patients here in the US, and I applaud that, we are looking for PAs from diverse backgrounds who are passionate and excited about patient care and our profession. If this is you, then we want you. But, dont choose the PA profession as a half-hearted attempt to avoid the process of relicensing as an MD in the US. And whatever you do, if you do decide to go the PA route dont complain about having to complete the necessary prerequisite coursework and required two years of PA school education to receive your PA license. These standards are in place to protect both you and your patients. , Do your research, make it a point to understand the PA profession fully, know what you are getting into, then decide if it is right for you. I know several foreign MDs who are ecstatic about the idea of becoming a PA and many others who have completed the process and are rocking their PA-C, we are more than excited to have you. But if this is not you, then I would advise you look into a different profession. - Stephen Pasquini PA-C You may also like -The Top 5 Reasons People Choose to Become a PA: Put To The Test What are the most important considerations for a career path after PA school for PA students and future PAs? Here are the top 5 reasons PA students give for choosing PA school Work-life balance Availability of jobs Stable, []Why Do You Want to be a Physician Assistant?Have you spenthours thinking about your answers to why you want to be a PA? Do you have the perfect pre-formulated answer just waiting to deliver; hook, line and sinker? Or, maybe you are approaching this question as I did: You []20 Answers to The Question: Why Do You Want to be a Physician Assistant?Why Do You Want to be a Physician Assistant? You will be asked many different times: "Why?" "Why do you want to become a physician assistant?" "Why don't you just go to medical school or NP school?" "You will make more money as []

Summary Of Short Answer Questions - 1957 Words

Ian Graham Nadler World Lit 12 August 2014 â€Å"Short Answer† Questions for Persepolis 1. In your own words, describe the setting/exposition of the story. The story is about a little girl, Marji, who is growing up in the midst of the Iranian Revolution, also referred to as the Islamic Revolution. This is an extremely volatile time in both her country’s history and her own life. This is displayed on one of the first pages of the story where she tells us that, â€Å"Everywhere in the streets there were demonstrations for and against the veil† (Satrapi 5). During one of these demonstrations her mother is photographed taking part, and she must disguise herself for her own safety (5). It is also a story of self-discovery, as it is the author’s personal memoir. She starts off the story deeply religious, even believing herself to be the last prophet chosen by God (6), and ending the story a free thinker who stands up for the truth by correcting her propagandist teacher (144). All in all, it is a riveting story indeed. 2. Please write about the original religious views of the narrator. Originally, Marji is extremely religious, even going so far as to state, â€Å"Deep down I was very religious†¦ I was born with religion.† (6) She had nightly discussions with God (8), and wanted to end suffering and bring peace to the world. Her views were based upon those of Zarathustra, the first Persian prophet before the Arabic invasion. 3. A bicycle is used as a metaphor for government and revolution;Show MoreRelatedEssay on Legal Studies: Tips on Hsc Extended Responses1569 Words   |  7 Pagesuse of topic sentences and ï‚ · correct paragraph structure are important. The first sentence (topic sentence) of each paragraph introduces the paragraph and should inform the reader of the point you are making and how this paragraph relates to the question. In fact, if the reader were to scan your topic sentences, they should be able to obtain a sketch of the entire essay. 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Answer any questions that need to be addressed. 9. Hand out the three rubrics for the different projects. 10. Explain to the students, â€Å"These are rubrics and they are the way that I will be assessing your final presentations.† 11

Type Of Chinese Economic Reform - 1278 Words

Type of Chinese economic reform Chinese economic reform is experimental, fast and upheaval. Reform and Opening-Up Policy is a significant policy in the Chinese economics reform. It was a turning point that Chinese economy got over the shock from the aggressive economic policies ahead and realized the economics renaissance gradually. One of the most important changes is in resource allocation. Now, resource allocation is mainly influenced by the market rather than the central planning. As the alternative mechanism, government interventions take place when the market mechanism is not enough to maintain the good performance of economy. Besides, China is opening to the outside world away from the closed and self-fettered condition. Four†¦show more content†¦The policy was planned to attract foreign investors. And it works very well now. The investment from overseas mainly contributes to key infrastructure sectors such as agriculture, forestry, energy, transport, and raw materials. The investment helps the national economy recovered from the economic depression in the long period of the Cultural Revolution and maintains a high rate of growth. Investment is recognized as an effective measure to maintain the economy stable and ease the unemployment rate if financial crisis happens. When the global economic crisis happened in 2008, Chinese government invested 4 trillion RMB for expansion of domestic demand because the government thought that rarely depending on export cannot develop economy anymore. The fact is, the financial crisis reduced the consumption capacity of developed countries and they decrease the import from China. So, it is very important for Chinese government to do the investment. This investment plays an essential role in the consequent good economic performance of China while a wide range of severe economic depression happened in the world. However, now, many people agree that that 4 trillion stimulus package is a overreaction for financial crisis and lead to detrimental consequences. Based on the data of National Bureau of Statistics of China, Investment Rate of China has fluctuated between 30% and 50% since 1978, much higher than responding world

Effect vietnam had on its veterans Essay Example For Students

Effect vietnam had on its veterans Essay It was not until World War I that specific clinical syndromes came to be associated with combat duty. In prior wars, it was assumed that such casualties were merely manifestations of poor discipline and cowardice. However, with the protracted artillery barrages commonplace during The Great War, the concept evolved that the high air pressure of the exploding shells caused actual physiological damage, precipitating the numerous symptoms that were subsequently labeled shell shock. By the end of the war, further evolution accounted for the syndrome being labeled a war neurosis (Glass, 1969). During the early years of World War II, psychiatric casualties had increased some 300 percent when compared with World War I, even though the preinduction psychiatric rejection rate was three to four times higher than World War I (Figley, 1978a). At one point in the war, the number of men being discharged from the service for psychiatric reasons exceeded the total number of men being newly drafted (Tiffany and Allerton, 1967). During the Korean War, the approach to combat stress became even more pragmatic. Due to the work of Albert Glass (1945), individual breakdowns in combat effectiveness were dealt with in a very situational manner. Clinicians provided immediate onsite treatment to affected individuals, always with the expectation that the combatant would return to duty as soon as possible. The results were gratifying. During World War II, 23 percent of the evacuations were for psychiatric reasons. But in Korea, psychiatric evacuations dropped to only six percent (Bourne, 1970). It finally became clear that the situational stresses of the combatant were the primary factors leading to psychological casualty. Surprisingly, with American involvement in the Vietnam War, psychological battlefield casualties evolved in a new direction. What was expected from past war experiences and what was prepared for did not materialize. Battlefield psychological breakdown was at an all-time low, 12 per one thousand (Bourne, 1970). It was decided that use of preventative measured learned in Korea and some added situational manipulation which will be discussed later had solved the age-old problem of psychological breakdown in combat. As the war continued for a number of years, some interesting additional trends were noted. Although the behavior of some combatants in Vietnam undermined fighting efficiency, the symptoms presented rare but very well documented phenomenon of World War II began to be reobserved. After the end of World War II, some men suffering from acute combat reaction, as well as some of their peers with no such symptoms at wars end, began to complain of common symptoms. These included intense anxiety, battle dreams, depression, explosive aggressive behavior and problems with interpersonal relationships, to name a few. These were found in a five-year follow-up (Futterman and Pumpian- Mindlin, 1951) and in a 20-year follow-up (Archibald and Tuddenham, 1965). A similar trend was once more observed in Vietnam veterans as the war wore on. Both those who experienced acute combat reaction and many who did not began to complain of the above symptoms long after their combatant role had ceased. What was so unusual was the large numbers of veterans being affected after Vietnam. The pattern of neuropsychiatric disorder for combatants of World War II and Korea was quite different than for Vietnam. For both World War II and the Korean War, the incidence of neuropsychiatric disorder among combatants increased as the intensity of the wars increased. As these wars wore down, there was a corresponding decrease in these disorders until the incidence closely resembled the particular prewar periods. The prolonged or delayed symptoms noticed during the postwar periods were noted to be somewhat obscure and few in numbers; therefore, no great significance was attached to them. .uddfdee80fa08c9a7eeb9f1cca49ccbbb , .uddfdee80fa08c9a7eeb9f1cca49ccbbb .postImageUrl , .uddfdee80fa08c9a7eeb9f1cca49ccbbb .centered-text-area { min-height: 80px; position: relative; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb , .uddfdee80fa08c9a7eeb9f1cca49ccbbb:hover , .uddfdee80fa08c9a7eeb9f1cca49ccbbb:visited , .uddfdee80fa08c9a7eeb9f1cca49ccbbb:active { border:0!important; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .clearfix:after { content: ""; display: table; clear: both; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb:active , .uddfdee80fa08c9a7eeb9f1cca49ccbbb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .centered-text-area { width: 100%; position: relative ; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb:hover .ctaButton { background-color: #34495E!important; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb .uddfdee80fa08c9a7eeb9f1cca49ccbbb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uddfdee80fa08c9a7eeb9f1cca49ccbbb:after { content: ""; display: block; clear: both; } READ: Animal Rights - Cause for Vegetarianism Essay However, the Vietnam experience proved different. As the war in Vietnam progressed in intensity, there was no corresponding increase in neuropsychiatric casualties among combatants. It was not until the early 1970s, when the war was winding down, that neuropsychiatric disorders began to increase. With the end of direct American troop involvement in Vietnam in 1973, thDuring the same period in the 1970s, many other people were experiencing varying traumatic episodes other than combat. There were large numbers of plane crashes, natural disasters, fires, acts of .

Monopoly An Analysis of Its Transactions Essay Example

Monopoly: An Analysis of Its Transactions Essay In 1933, Charles Darrow lived in the period known as the Great Depression. During this period the United States was experiencing massive unemployment and misfortune. This heightened period of economic ruin gave rise to the board game Monopoly which promised its players vicarious fame and fortune through characters such as a dog, a car, a horse, and many others. In addition to its leisure value, Monopoly provides valuable lessons in business, specifically for those interested in Accounting principles. The overall objective to Monopoly is to bankrupt all of your opponents. To do this, a player needs to acquire multiple properties while maintaining a reasonable amount of cash to pay debts such as rent and fees. The example company used in this analysis was Edwards Property Management (EPM) who managed properties for other companies and stayed at other properties in order to assess their competitive value. The company goal was to own/rent certain monopolies and to manage others for companies. To start the business, EPM borrowed $1500 from the local bank. This money will be used to purchase property, pay taxes and general operating expenses. These funds were acquired as a note payable at 10% interest. The starting capital was recorded in the journal on January 1, 2001 and the game began. In this scenario of game play, the four corners of the board represented the 4 quarters of the year for EPM. Adjusting entries for the interest due to Monopoly Savings and Loan were journalized to the Interest Expense and Accrued Expenses accounts. This was done to attempt to show the true value of EPM. If we had not made these entries, we would have been overstating the value of the company. The entries were tedious but proved to be helpful. An example of one follows: We will write a custom essay sample on Monopoly: An Analysis of Its Transactions specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Monopoly: An Analysis of Its Transactions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Monopoly: An Analysis of Its Transactions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Mar 31, 2001 Interest Expense 37.50 Accrued Expense 37.50 Description: First quarters interest on funds borrowed from Monopoly Savings and Loan for operating expenses. In the first year, Edwards Property Management invested in a hotel on Connecticut Avenue along with several other properties including Tennessee Avenue, Ventnor Avenue, and Pacific Avenue. These properties were bought with cash and intended to be rented by EPM for Rent Revenue. Their corresponding journal entries reflected their purchase with the balancing side of that entry to the Building-Hotel account and to the Hotel Property. We made an across the board assumption that twenty percent of the value was attributable to the land and eighty percent was attributable to the building. For example: Jan 1, 2001 Building Hotel 96 Hotel Property 24 Cash 120 Description: Purchased Connecticut Avenue with cash. Assumed 80% of value is in existing building and 20% was in the land purchased. Given the current accounting rules, the land was not amortized but the buildings were. These buildings were depreciated over 10 years using the straight-line method. Because the actual date of acquisition for each of the properties varied considerably from the start of the year, EPM used the half-year convention as visible in the chart below. As a fee to their clients for managing their properties, EPM charges a flat fee of $200 per year total (one turn around the board) regardless of the number of properties managed. This fee is collected as the EPM representative (in this case the dog) passes the proverbial Go corner which also triggers the new fiscal year. This $200 is booked to the Precollected Revenue account. This money is precollected for services to be rendered throughout the year. The cash is recognized but the revenues are not recognized until the service is provided. Jan 1, 2001 Precollected Revenue 200 Cash 200 Description: Received revenue from clients for managing properties. $50 to be earned per quarter. We use the liability account, Precollected Revenue, as a representation of our own obligation to provide property management services to our clients. Adjusting entries are made at the beginning of each quarter to show earned revenue. Throughout the year, Edwards Property Management stays at competitors properties to perform competitive analysis of their offerings including the state of the property, cost, availability of beds, and general hotel assessment. The competitors charge Rent for each visit. These values are part of the expense of day to day operations. For example, in July of 2003, EPM prepaid rent for the second half of that year. EPM anticipated only needing one visit to assess the hotel but nonetheless, prepaid rent for half a year at that visit. The total prepaid was $22 which our competitors gladly accepted. There were two adjusting entries for the third and fourth quarters to spread the expense over its potential service life (the second half of 2003). Journal entries were made against Cash and Prepaid Rent Expense for the outlay of the expenditure. The reconnaissance mission was a success and we benefited greatly from the experience. One visit to Community Chest showed that lady luck was no longer on the side of Edwards Property Management. The card had explained that we owed $100 for a hospital visit. This happened when a client had slipped and fallen on the ice while EPM was showing their prized property, Boardwalk. In order to avoid a lawsuit, EPM immediately called the hospital and had an ambulance sent over. The client was very understanding and accepted our apologies. The accountants viewed this expense as an entry to the Medical Expense account. Jan 1, 2001 Medical Expense 100 Cash 100 Description: Paid for hospital visit when Mr. Slipper E. Feet fell on ice at the Boardwalk property. The Medical Expense was aggregated into the Miscellaneous Expenses account at year end as there were no other medical expense attributed to the company. The competition in the property management business was tough for Edwards Property management. In their fifteen years, they built an empire that spanned from Baltic Avenue to Boardwalk. However, they eventually were outgrown by the Car and the Hat who formed a larger corporation containing two monopolies, one consisting of the red properties and the other consisting of the purple properties. Competitive analysis proved to be too costly while visiting properties such as Illinois Avenue or New York Avenue. Luckily, EPMs accounting records were as solid as their reputation and the new corporation paid handsomely for the goodwill that EPM had built.