The CEO of Tyco was accused of C. using company funds to pay for his lavish lifestyle.
What did Dennis Kozlowski do?
Dennis Kozlowski was the CEO of Tyco but he was found to have evaded taxes by the IRS.
When they investigated his dealings further, they found that he had been using the company's funds to pay for his lavish lifestyle such as purchasing art and taking bonuses.
Find out more on Dennis Kozlowski at https://brainly.com/question/23099133.
#SPJ1
A local government began the year with a portfolio of securities with an historical cost of $1,200 and a fair value of $1,240. During the year the government acquired an additional security at a cost of $260 and sold for $200 a security that had an historical cost of $172 and a fair value at the beginning of the year of $190. At the end of the year, the securities portfolio had a fair value of $1,330. The amount that should be recognized on the financial statements for the year as investment income is:________
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:
Accounts Debit Credit
Cash $ 26,400
Accounts Receivable 48,800
Allowance for Uncollectible Accounts $ 5,500
Inventory 21,300
Land 59,000
Equipment 21,500
Accumulated Depreciation 2,800
Accounts Payable 29,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Totals $ 177,000 $ 177,000
During January 2021, the following transactions occur:
January 2 Sold gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date.
January 6 Purchase additional inventory on account, $148,000.
January 15 Firework sales for the first half of the month total $136,000. All of these sales are on account. The cost of the units sold is $74,300.
January 23 Receive $125,500 from customers on accounts receivable.
January 25 Pay $91,000 to inventory suppliers on accounts payable.
January 28 Write off accounts receivable as uncollectible, $4,900.
January 30 Firework sales for the second half of the month total $144,000. Sales include $10,000 for cash and $134,000 on account. The cost of the units sold is $80,000.
January 31 Pay cash for monthly salaries, $52,100.
Prepare an adjusted trial balance as of January 31, 2021.
The Adjusted Trial Balance of ACME Fireworks on January 31, 2021 is as follows and totals $517,300 on both sides.
Adjusted Trial Balance
January 31, 2021
Accounts Debit Credit
Cash $27,000
Accounts Receivable 188,400
Allowance for Uncollectible Accounts $ 600
Inventory 15,000
Land 59,000
Equipment 21,500
Redeemable Gift Cards 8,200
Accumulated Depreciation 2,800
Accounts Payable 86,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Sales Revenue 280,000
Cost of Goods Sold 154,300
Salaries Expenses 52,100
Totals $ 517,300 $ 517,300
Data and Calculations:
ACME Fireworks General Ledger Account Balances
January 1, 2021
Accounts Debit Credit
Cash $ 26,400
Accounts Receivable 48,800
Allowance for Uncollectible Accounts $ 5,500
Inventory 21,300
Land 59,000
Equipment 21,500
Accumulated Depreciation 2,800
Accounts Payable 29,800
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Totals $ 177,000 $ 177,000
Analysis of Transactions:
Jan. 2 Cash $8,200 Redeemable Gift Cards $8,200
Jan. 6 Inventory $148,000 Accounts Payable $148,000
Jan. 15 Accounts Receivable $136,000 Sales Revenue $136,000
Cost of Goods Sold $74,300 Inventory $74,300
Jan. 23 Cash $125,500 Accounts Receivable $125,500
Jan. 25 Accounts Payable $91,000 Cash $91,000
Jan. 28 Allowance for Uncollectible Accounts $4,900 Accounts Receivable $4,900
Jan. 30 Cash $10,000 Accounts Receivable $134,000 Sales Revenue $144,000
Cost of Goods Sold $80,000 Inventory $80,000
Jan. 31 Salaries Expense $52,100 Cash $52,100
Adjustments of the Trial Balance with Transactions:
Accounts Debit Credit
Cash $ 26,400 + 8,200 + 125,500 - 91,000 + 10,000 - 52,100
Accounts Receivable 48,800 + 136,000 - 125,500 - 4,900 + 134,000
Allowance for Uncollectible Accounts $ 5,500 - 4,900
Inventory 21,300 + 148,000 - 74,300 - 80,000
Land 59,000
Equipment 21,500
Redeemable Gift Cards 8,200
Accumulated Depreciation 2,800
Accounts Payable 29,800 + 148,000 - 91,000
Notes Payable (6%, due April 1, 2019) 63,000
Common Stock 48,000
Retained Earnings 27,900
Sales Revenue 136,000 + 144,000
Cost of Goods Sold 74,300 + 80,000
Salaries Expenses 52,100
Learn more: https://brainly.com/question/24872559
Which of these factors contributes to the popularity of cable TV advertising?
OA.
wide reach
OB. locality of the audience
Ос, caters to wealthy audiences
OD. lengthy ad-making procedure
The factor that contributes to the popularity of cable TV advertising is "wide reach."
Unlike the normal print, newspaper, radio, or local television stations, cable TV advertising can reach a larger audience.
This is evident in the fact that Cable TV adverts can be viewed anywhere in the country and across the globe.
Also, another advantage is that it can easily be tied to a particular program, such as sports programs and other exciting programs.
Hence, in this case, it is concluded that the correct answer is option A. "Wide Reach."
Learn more here: https://brainly.com/question/9799669
Để hành nghề, thẩm định viên bắt buộc phải có những năng lực tối thiểu về
Explanation:
here is the answer enjoy and please mark me as brainliest and follow me
Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719. The company purchased $44,200 in fixed assets and had a depreciation expense of $17,705. During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What was the company's cash flow from assets
If Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719. During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371
First step is to calculate the cash flow to creditor
Cash flow to creditors = $21,700 + $29,571
Cash flow to creditors = $51,271
Second step is to calculate the cash flow to Stockholders
Cash flow to Stockholders =$28,400 - $25,500
Cash flow to Stockholders =$2,900
Now let determine the cash flow from assets using this formula
Cash flow from assets = Cash flow to creditors + Cash flow to stockholders
Let plug in the formula
Cash flow from assets = $51,271 + $2,900
Cash flow from assets = $48,371
Inconclusion if Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719. During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371
Learn more here:
https://brainly.com/question/11009567
Which questions can most help a writer revise an argumentative essay?
Answer:
Explanation:
Argumentative essays are written to prove a point and convince the reader that your claim is superior to opposing points. Therefore, A) “Do details help support the claim?” Is the best answer out of these choices..
what is a CIRTA policy
Answer: Candice
Explanation: CANDICE D FIT IN UR MOUTH
Siobhan's boss asked her to take over a project with several problems. What is the first step Siobhan should take in tackling the problems?
Answer:: evaluate the impact of the problemm & clssified them
Explanation:
plz mark brainly
the initial action Siobhan ought to take in resolving the issues Determine the impact of the issue and classify them.
What is meant by Problem solving?Being a common component of most activities, problem solving is the process of reaching a goal by overcoming barriers. From personal difficulties (such how to turn on an appliance) to complicated problems in the commercial and technical industries are all problems that require solutions.
The former is a simple problem solving (SPS) example that only addresses one issue, whereas the latter is a complicated problem solving (CPS) example that must solve many interconnected hurdles. Undefined problems, in which the existing state is problematic but it is unclear what kind of resolution to aim for, are divided from well-defined difficulties,
which have obvious obstacles and goals. Similar distinctions can be made between formal, fact-based challenges requiring psychometric intelligence and socio-emotional Problem solving that depend on people's or groups' fluctuating emotions.
Learn more about Problem solving, from :
brainly.com/question/3418829
#SPJ6
Graphs can be used to estimate information not represented on the graph. Please select the best answer from the choices provided T F
Answer:
True :)
Explanation:
The answer is true :)
Please mark brainliest if you get it right! :)
Answer:
True shahzadanwar25
is correct.
(give that person brainliest lol)
Which of the following is NOT a factor of production?
A) mineral resources
B) a university professor
C) an apartment building
D) 100 shares of Microsoft stock.
Answer:
C
Explanation:
C is not the factor of production
Give me braniliest
Which part of the Business Cycle would this graph represent?
bust is the correct answer
How would you interpret the relationship between two numeric variables when the estimated least squares regression line for them is essentially horizontal (slope 0)?
We know that the least square regression line is given by the equation:
y = a+b x
Here is the Y-intercept of the line and is the slope of the line that is, angle made with the horizontal axis or corresponding change in Y when X increases by one unit. This implies that the least square regression lines are completely determined by the slope and the intercept as given in the above equation.
Now if this line is found to be horizontal as shown in the figure below then it can be easily observed from the figure that the horizontal least square regression line makes no angle with the horizontal axis of the independent variable and thus is parallel to it.
3. Which of the following statements is true with regards to an investment property? (A) An investment property generates cash flows largely independently of the other assets held by an entity (B) The value in use of investment property is significantly higher than of owner-occupied property (C) An investment property unlike owner-occupied property shall not be depreciated over its useful life (D) An investment property unlike owner-occupied property shall always be measured at its historical cost
Answer: An investment property generates cash flows largely independently of the other assets held by an entity
Explanation:
pls give brainliest
Another name for back rushing is?
Answer:
Ruffing
Hope this helps!!!
heiniken's macro-environment analysis
Answer:
Heineken is a big factory producing the beer drinsk
identify two ways lean production might be achieved
Answer:
VJNJMJNBGNFVF VGJFKVKFKRKELÑKTKFKLRGRLBG
Explanation:NBGNNUKIKUUHKNU6GGGTGJ
Fixed-income recipients, savers, and creditors are hurt by unanticipated inflation because inflation ______. Multiple choice question. redistributes real income away from them and toward others reduces the burden of debt is indexed redistributes real income towards them and away from others
Unanticipated inflation usually hurt the creditors, Fixed-income recipients as well as savers simply because:: inflation redistributes real income away from them and toward others
Unanticipated inflation can be regarded as kind of inflation whereby, people are not aware that there will be inflation, it caught them unaware until there is general price level increases. When this happens, alot of people will be left unprotected, especially those lenders that will be paid back with the same amount they Lent out even though there is a reduction in purchasing power.Therefore, unanticipated inflation usually caught people unaware.
Learn More at:
https://brainly.com/question/15245433?referrer=searchResults
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its "free service after the sale" policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 − 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits? Price: $ Quantity: computers What long-run adjustments should you anticipate?
The price and quantity of computers that should be produced to maximize the firm’s profits will be $360 and 80 computers.
The demand curve for College Computers is given as (Q) = 800 - 2P where, P = 400 - 0.5Q.
Therefore, the weekly total revenue will be:
= (400 - 0.5Q) × Q
= 400Q - 05Q²
Marginal revenue = 400 - Q
Weekly cost of producing computers will be:
= 1200 + 2Q²
Marginal cost = 4Q
Maximum profit will b earned when MR = MC
Therefore, 400 - Q = 4Q
Collect like terms
4Q + Q = 400
5Q = 400
Q = 400/5
Q = 80
Quantity = 80 units
Therefore, the price will be:
P = 400 - 0.5Q
P = 400 - 0.5(80)
P = 400 - 40.
P = 360
The price is $360.
The weekly total revenue will be:
TR = price × quantity.
TR = 360 × 80
TR = $28800
The total cost will be:
TC = 1200 + 2(80)²
TC = 1200 + 12800
TC = 14000
Therefore, the profit will be:
= TR - TC
= $28800 - $14000
= $14800
Read related link on:
https://brainly.com/question/25238337
A firm says it cut its labor costs by 35 percent between 2014 and 2019. Workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
If the workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
Between year 2014 and year 2019, the real wage rate fell by less than 35 percent.Calculation for the real wage rate in 2014
Using this formula
2014 Real wages=2014 Wage rate/2014 CPI×100
Let plug in the formula
2014 Real wages=$80/202×100
2014 Real wages=39.60%
Calculation for the real wage rate in 2019
Using this formula
2019 Real wages=2019 Wage rate/2019 CPI×100
Let plug in the formula
2019 Real wages=$58/218×100
2019 Real wages=26.61%
Based on the above calculations between year 2014 and year 2019, the real wage rate fell by less than 35 percent.
Inconclusion if the workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
Between year 2014 and year 2019, the real wage rate fell by less than 35 percent.Learn more here:
https://brainly.com/question/17184449
https://brainly.com/question/add?entry=1642&task_content=Michael+Anderson%2C+Social+Security+No.+999-00-3691%2C+works+for+a+weekly+paycheck.+He+is+single+and+claims+no+allowances.+Last+week+he+worked+five+days%2C+for+a+total+of+46+hours.+His+regular+rate+of+pay+is+%247.80+an+hour.+%0AIn+addition+to+required+deductions+and+social+security+and+Medicare+taxes%2C+he+also+has+insurance+withheld+of+%2416+a+week+and+puts+4+percent+of+his+gross+pay+into+a+retirement+account.+Use+the+state+and+federal+tax+withholding+tables+on+textbook+pages+38%E2%80%9339.+%0AIf+an+amount+box+does+not+require+an+entry%2C+leave+it+blank+or+enter+%220%22.+%0AEMPLOYEE+WITHHOLDING+SHEET+%0AEmployee+Name+%0AMichael+Anderson+%0ASocial+Security+Number+%0A999-00-3691+%0APay+Period%3A+%0Aweekly+%0ANumber+of+Allowances%3A+%0A0+%0Asingle+%0AGROSS+PAY+%0A1.+Regular+Wages%3A+%0A40+%0A+hours+at+%24+%0A7.80+%0A+%2Fhr.+%3D+%24+%0A312+%0Aor+%0A2.+Regular+Salary%3A+%3D+%0A3.+Overtime%3A+%0A6+%0A+hours+at+%24+%0A+%2Fhr.+%3D+%0AGROSS+PAY+%24+%0AREQUIRED+DEDUCTIONS+%0A4.+Federal+Income+Tax+(use+tax+tables)+%24+%0A5.+State+Income+Tax+(use+tax+tables)+%24+%0A6.+Social+Security+Tax+(use+6.2%25+%C3%97+gross+pay)+%24+%0A7.+Medicare+Tax+(use+1.45%25+%C3%97+gross+pay)+%24+%0AOTHER+DEDUCTIONS+%0A8.+Insurance+%24+%0A9.+Union+Dues+%24+%0A10.+Credit+Union+%24+%0A11.+Savings+%24+%0A12.+Retirement+%24+%0A13.+Charity+%24+%0A14.+Other%3A+%24+%0ATOTAL+DEDUCTIONS+(total+lines+4+through+14)+%24+%0ANET+PAY+(subtract+total+deductions+from+gross+pay)+%24
Answer:
lol so much linkExplanation:
Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for example, Boy Scouts, church groups, civic groups, and local businesses) would like to hold one-day outings for their members. Groups would engage in outdoor activities such as rock climbing, fishing, capture the flag, paintball, treasure hunts, scavenger hunts, nature hikes, and so on. The purpose of these one-day events would be for each member of the group to learn the importance of TEAM (Together Everyone Achieves More).
Tony knows that most people are not familiar with these types of activities, so to encourage business he allows groups to participate in the event before paying. He offers a 4% quick-payment discount to those that pay within 10 days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a 20% discount. For the first six months of the year, the following activities occur for TEAM operations.
Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $6,000 cash.
Feb. 25 Mr. Kendall’s Boy Scout troop participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $4,500, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $4,000. Great Adventures provides these services on account.
Feb. 28 The Boy Scout troop pays the full amount owed, less the 4% quick-payment discount.
Mar. 19 Reynold’s Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $5,000, and Reynold’s agrees to pay within 30 days.
Mar. 27 Reynold’s pays the full amount owed, less the 4% quick-payment discount.
Apr. 7 Several men from the Elks Lodge decide to participate in a TEAM adventure. They pay $8,500, and the event is scheduled for the following week.
Apr. 14 The TEAM adventure is held for members of the Elks Lodge.
Apr. 30 Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $7,000, and Myers agrees to pay within 30 days.
May 31 Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three-month, 7% note receivable to replace the existing account receivable.
Jun. 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $29,000 to these groups, with payment due in July.
Required:
a. Record adjusting entry for uncollectible accounts.
b. Record the accrued interest revenue.
If on Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $6,000 cash. The adjusting entry for uncollectible accounts and the accrued interest revenue are:
a. The adjusting entry for uncollectible accounts are:
Jan. 24, 2022
Debit Equipment $6,000
Credit Cash $ 6,000
(To record purchase of equipment and other materials)
Feb. 25
Debit Account Receivable $4,000
Credit Service Revenue $4,000
(To record service revenue on account)
Feb. 28
Debit Cash $3,840
($4,000-$160)
Debit Cash Discount $160
(4%×$4,000)
Credit Account Receivable $4,000
(To record cash receipt and discount)
Mar. 19
Debit Account Receivable $5,000
Credit Service Revenue $5,000
(To record service provided on account)
Mar. 27
Debit Cash $4,800
($5,000-$200)
Debit Cash Discount $200
(4%×$5,000)
Credit Account Receivable $5,000
(To record cash receipt and discount allowed)
April 7
Debit Cash $8,500
Credit Unearned Service Revenue $8,500
(To record cash receipt for providing service in future)
April 14
Debit Unearned Service Revenue $8,500
Credit Service Revenue $8,500
(To record unearned revenue being earned)
April 30
Debit Account Receivable $7,000
Credit Service Revenue $7,000
(To record service provided on account)
May 31
Debit Note Receivable $7,000
Credit Account Receivable $7,000
(To record a 3 months, 7% Note Receivable)
Jun. 15
Debit Account Receivable $29,000
Credit Service Revenue $29,000
(To record service provided on account)
b. The journal entries to record the accrued interest revenue are:
Jun. 30
Debit Interest Receivable $40.83
Interest Revenue $40.83
($7,000×7%× 1/12)
(To record accrued interest for 1 month)
Learn more here:
https://brainly.com/question/16940377
Your Company reported net sales in June of $500,000. At the beginning of June, the company reported beginning inventory of $375,000. Cost of goods purchased during June amounted to $164,500. The company reported ending inventory at the end of June of $210,500. What was the company's gross profit margin for June
If your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500. The company's gross profit margin for June is : $355,500.
Using this formula
Gross profit margin =Net sales- Cost of goods purchased
Where:
Net sales=$500,000
Cost of goods purchased=$164,500
Let plug in the formula
Gross profit margin=$500,000-$164,500
Gross profit margin=$355,500
Inconclusion if your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500. The company's gross profit margin for June is : $355,500.
Learn more here:
https://brainly.com/question/24212635
During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually decline.
a. True
b. False
Answer:
a
Explanation:
this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons
Why is competitive aggression, such as Tesla's drive to become the safest car factory in the world, considered to be an independent strategy
to influence the organization's environment
Competitive aggression like the actions of Tesla are considered independent strategies because d. It is an independent response to exploit a competence or efficiency for competitive advantage.
Independent strategies:
Are based on the way a company responds to a particular issue that is independent of their competitors Usually exploit some sort of competence that enables the company involved to gain a competitive advantage over its rivalsTesla is engaged in an independent strategy because they are responding to the needs of the auto industry by exploiting the safety angle and they are doing this independently, not based on competing with another rival.
In conclusion, Tesla is engaged in an independent strategy by aiming to be the safest because it is an independent response to the industry.
Options for this question include:
a. It is a cooperative strategy with another party to reduce its costs and risks.
b. It is a private legal action taken against market encroachment.
c. It is an independent action to improve relations with competitors.
d. It is an independent response to exploit a competence or efficiency for competitive advantage.
e. It is a coalition among two parties that act jointly to accomplish a set of initiatives.
Find out more at https://brainly.com/question/23013378.
Explain the role of a good business plan in setting up your business. Why is it an important step
in the success of your business?
Answer:
A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Explanation:
It is important to help articulate a strategy for your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. And help your business prosper and grow.
Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission.
A. rootedness
B. commitment
C. satisfication
D. comprehension
E. engagement
If Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission: B. commitment
Commitment has do with showing support or been committed by showing supports towards the success of the company or organization.
To be committed at a work place shows that you are devoted to the company and you want the aims and objective of the company to be realistic.
When an employee is committed to their job it means employee is passionate about their job as well as the mission of the company because a committed employee will always support the company.
Such an employee are often exceptionally good when carrying out the tasks or assignments assign to them because they have company best interest in mind.
Inconclusion commitment is the one that helps determine the degree to which employees will support the company and its mission.
Learn more here:
https://brainly.com/question/14984101
how to deal with accrued income in accounting equation?
Explanation:
Accured income is the income that has been earned during the year, but is still to be received. Accordingly, it will increase the capital of the proprietor.And secondly it would be treated as a asset as it due from some third party that would be considered as a debtor of the firm.
I hope it will be help you
the selling price of a product is $20 and the markup is $4 what percentage of the selling price does the markup represent a 20% B 24% C 28% D 40%
Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland, opened in Anaheim, California, in 1955. Its theme song, It’s a Small World After All, promoted an idealized vision of America spiced with reassuring glimpses of exotic cultures all calculated to promote heartwarming feelings about living together as one happy family. There were dark tunnels and bumpy rides to scare the children a little but none of the terrors of the real world. The Disney characters that everyone knew from the cartoons and comic books were on hand to shepherd the guests and to direct them to the Mickey Mouse watches and Little Mermaid records. The Anaheim park was an
The Anaheim park was an instant success, which Walt Disney Company replicated in Florida and Tokyo but failed to export to Paris, France.
The failure of Disney Paris was the result of a misunderstanding of the cultural peculiarities of the French. Some Frenchmen described the introduction of Disney Paris as "a cultural Chernobyl" and "a symbol of American cliches and consumer society."
Despite the envisaged 30,000 jobs that Disney Paris was to create and the demographic centrality of Paris in Europe, the diversification in Europe flopped.
Thus, Disney's misadventure in Europe became a short-lived and disastrous dream for the Walt Disney Company because of cultural misunderstanding.
Learn more: https://brainly.com/question/15228066
How to calculate opening capital
Answer:
Opening Capital = closing capital + drawings - additional capital - profit + loss.
Explanation:
The opening capital is the balanced equalization exhibited around the beginning of an accounting period.
