INVENTORY VALUATION Retailers, such as college bookstores, use the retail method instead of the more familiar FIFO/LIFO methods of inventory valuation because it is easier to comply with GAAP reporting under the retail method. FIFO or LIFO would not be very effective in this scenario because it would be tough to account for which books were purchased in what order. Not only would it be difficult to decipher the order in which the books came, but it would also be tough to keep track of individual textbook prices. As a result, certain retailers, such as The University Store, use the retail method, which estimates the value of ending inventory through the cost to price ratio. Under the retail method, retailers only have to keep track of retail value of goods available for sale, retail value of goods purchased and total costs.
He compares and contrasts how his life was with the Web and without it. For example, “Just as Microsoft Word had turned me into a flesh-and-blood word processor, the Internet, I sensed, was turning me into something like a high-speed data-processing machine, a human HAL (325). The Web has changed him in such a way that he felt like a machine. He wanted to stay connected, therefore, he would yearn to check his e-mail, click links, or explore on Google. He noticed the Net was having a much stronger influence over him than his PC ever had (324).
1. How often does eBay create value? eBay creates value by making it easier to sell “For Sale by Owner” items. It makes that world a little bit smaller by bringing together buyers and sellers of many different items to one place. According to our text, as of 2008 eBay operated in 39 countries with 276 million registered users worldwide (Brickley, Smith and Zimmerman, 2009, p.334).
Case Study: “Mighty Amazon” 1. What is Amazon’s business? Amazon started off as a first online bookseller building up a network of suppliers, which now grew into a biggest online retailer (selling almost everything from food to furniture) also having the most high tech warehouses in the industry. 2. What challenges did Amazon face when it first entered the marketplace?
Adding an e-business will also allow better interaction with suppliers on the global market as well. Overall, the e-business will provide a twenty four hour order and support site that runs with a low cost of overhead and reaches an unlimited market that only the internet can provide. Broadway Café Project Focus What Type of e-business would you deploy at The Broadway Café? In order to make the café more competitive, since business is steadily declining, the idea of implementing an e-business is a great idea. This would allow for non-perishable products such as coffee to be sold on a global market.
(TCO 5) What looks like a credit card or debit card, acts like a credit card or debit card, but isn't a credit card or debit card? (Points : 5) Stored-value card Closed-loop card Open-loop card All of the above Question 12.12. (TCO 5) Why should EC companies comply with ethical privacy practices? (Points : 5) Customers need to trust that the online marketplace and its businesses will not violate the right to privacy. Unethical privacy practices can have both immediate and long-term negative business consequences.
Rought draft of Journalism final essay Caleb mcconnell journ 102 In our 21st century society with technology blooming steadily, Internet access has become a necessity to strive in modern times. As our world rapidly advances into the digital age everything is starting to switch to online. Almost every bank has an online banking website that lets you handle your money from home on your computer instead of having to go to the bank every time you want some cash. Because 77% of the United states population uses the internet, online shopping has also become a huge industry. According to the National Retail association 51% of the US will shop online this up coming holiday season.
The editors at Wikipedia consist of volunteer editors, writers, and administrators who attempt consensus to ensure comprehensive, quality material is produced by the millions of worldwide contributors (Bernstein, 2011). New information is posted much more quickly than print resources, ensuring the most up-to-date information on any given subject. Another advantage of Wikipedia is easy access via the Internet. In today’s technology-laden world, access to an Internet connection is almost as common as restroom facilities. Providing students, researchers, and the public across the globe with a library that does not require a working knowledge of the Dewey Decimal System provides more opportunity for learning, collaboration, and connectivity.
Critical Issues E-commerce: Tristan needs to be able to get his customers to book directly through an e-commerce page. Most travelers in this day and age book online because of the convenience it offer. E-commerce sites allows travelers to get a feel for the place before deciding to book there or not. Content Marketing Strategy: Like stated above, more people are using the internet to find hotels and other services. Having a good content marketing strategy can set a business aside from the next.
He thought that people would be more inclined to “try something new if the price was low enough, and that businesses would offer low prices if they knew they could sell a large quantity.” He came up with the concept that offers are only carried out if there were enough people to commit to participate in them. The company and concept of Groupon spread so quickly because of the power of the internet, being able to reach millions of people across the world and giving people the opportunity to get a good “deal” on something. 2. The Groupon Promise is “any customer can return a Groupon, no questions asked—even if they have used it—if they feel like Groupon has let them down.” The Groupon Promise affects a consumer’s perceived risk by making the consumer feel less committed. They know that if something comes up and can’t participate in the Groupon that they aren’t obligated to show up or use it.