FILM 2401 Lecture Notes - Stagecoach West Scotland, Footlight Parade, The Broadway Melody

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blushgoldfish638

7 May 2012

School

York University

Department

Film

Course

FILM 2401

Professor

Kispal- Kovacs Kovacs

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Document Summary

First synchronized sound film (had a few moments of talking/ few moments of singing) Within 3 year turned from a silent film industry to a sound industry. The movie business turns into an oligopoly (control of the industry by a few companies. These companies were not vertically integrated but were involved in production& distribution. Poverty row (specialized in making low budge films) Demand for film was tremendous because there was no tv; couldn"t keep up with the demand for the audience. Complimented each other (big 5 & little 3) Established in 1934 as a solution to the censorship debate-run by joseph breen. A form of industry self- censorship (what you can put in movies; what you cant) Always pressure to monitor the content of movies. Done in half hazard way in the united states; didn"t have a unified censorship until 1934. Different states had different rules on censorships; no systematic system of censorship around the country.

Related Questions

True, false or uncertain? Justify your response to the following statements.

Suppose that economic base of The City is experiencing a change in technology. Suppose that the dominant local industry, which produces something needed by all other local industries, used to display increasing returns to scale. The new technology reduces the average cost of production (given the current level of production) and displays constant returns to scale.

a) Would this change in technology affect the equilibrium size of the city?

b) Would the profit earned by local companies in other industries in equilibrium increase, decrease or stay the same because of the change in technology in the dominant industry?

29.	If regulations create barriers to entry in an industry, the result can be _____.
	a. efficiency
	b. monopoly
	c. monopsony
	d. higher output

30.	Government price setting _____.
	a. prevents firms from lowering their prices
	b. creates barriers to entry
	c. helps enforce collusion among industry members
	d. all of the above

31.	Farmers receive a relative large amount of transfers per capita because _____.
	a. farming is in decline
	b. there are more farmers than any other interest group
	c. agriculture is a national priority
	d. farming is the dominant industry in most rural Congressional districts
32.	The free rider problem _____.
	a. leads to an understatement of demand for the good in question
	b. is beneficial because it leads to lower public spending
	c. is functionally equivalent to the transitional gains trap
	d. is more prevalent in small groups

lilactrout204

Problem 4-23
Ratio Analysis

Data for Barry Computer Co. and its industry averages follow.

Barry Computer Company:
Balance Sheet as of December 31, 2014 (In Thousands)

Cash	$153,615	Accounts payable	$167,580
Receivables	516,705	Other current liabilities	139,650
Inventories	391,020	Notes payable	83,790
Total current assets	$1,061,340	Total current liabilities	$391,020
		Long-term debt	$349,125
Net fixed assets	335,160	Common equity	656,355
Total assets	$1,396,500	Total liabilities and equity	$1,396,500

Barry Computer Company: Income Statement for Year Ended December 31, 2014 (In Thousands)

Sales		$2,450,000
Cost of goods sold
Materials	$1,102,500
Labor	661,500
Heat, light, and power	73,500
Indirect labor	196,000
Depreciation	98,000	$2,131,500

Gross profit		$318,500
Selling expenses		171,500
General and administrative expenses		24,500
Earnings before interest and taxes (EBIT)		$122,500
Interest expense		38,404
Earnings before taxes (EBT)		84,096
Federal and state income taxes (40%)		33,638
Net income		$50,458

aCalculation is based on a 365-day year.

Construct the Du Pont equation for both Barry and the industry. Round your answers to two decimal places.

1)	FIRM	INDUSTRY
Profit margin	?%	1.92%
Total assets turnover	?x	1.98x
Equity multiplier	?

2) Outline Barry's strengths and weaknesses as revealed by your analysis.
Select the true statement

a)The firm's days sales outstanding is more than the industry average, indicating that the firm should tighten credit or enforce a more stringent collection policy. The total assets turnover ratio is well above the industry average so sales should be increased, assets increased, or both. While the company's profit margin is higher than the industry average, its other profitability ratios are low compared to the industry - net income should be higher given the amount of equity and assets. However, the company seems to be in an above average liquidity position and financial leverage is similar to others in the industry.

b)The firm's days sales outstanding is comparable to the industry average, indicating that the firm should neither tighten credit nor enforce a more stringent collection policy. The total assets turnover ratio is well below the industry average so sales should be increased, assets increased, or both. While the company's profit margin is higher than the industry average, its other profitability ratios are low compared to the industry - net income should be higher given the amount of equity and assets. However, the company seems to be in a below average liquidity position and financial leverage is similar to others in the industry.

c)The firm's days sales outstanding ratio is more than twice as long as the industry average, indicating that the firm should tighten credit or enforce a more stringent collection policy. The total assets turnover ratio is well below the industry average so sales should be increased, assets decreased, or both. While the company's profit margin is higher than the industry average, its other profitability ratios are low compared to the industry - net income should be higher given the amount of equity and assets. However, the company seems to be in an average liquidity position and financial leverage is similar to others in the industry.

d)The firm's days sales outstanding is more than twice as long as the industry average, indicating that the firm should loosen credit or apply a less stringent collection policy. The total assets turnover ratio is well below the industry average so sales should be increased, assets increased, or both. While the company's profit margin is higher than the industry average, its other profitability ratios are low compared to the industry - net income should be higher given the amount of equity and assets. However, the company seems to be in an average liquidity position and financial leverage is similar to others in the industry.

e)The firm's days sales outstanding is less than the industry average, indicating that the firm should tighten credit or enforce a more stringent collection policy. The total assets turnover ratio is well below the industry average so sales should be increased, assets decreased, or both. While the company's profit margin is lower than the industry average, its other profitability ratios are high compared to the industry - net income should be higher given the amount of equity and assets. However, the company seems to be in an average liquidity position and financial leverage is similar to others in the industry.

3) Suppose Barry had doubled its sales as well as its inventories, accounts receivable, and common equity during 2014. How would that information affect the validity of your ratio analysis? (Hint: Think about averages and the effects of rapid growth on ratios if averages are not used. No calculations are needed.)

Select true statement

a) If 2014 represents a period of supernormal growth for the firm, ratios based on this year will be accurate and a comparison between them and industry averages will have substantial meaning. Potential investors need only look at 2014 ratios to be well informed, and a return to normal conditions in 2013 could help the firm's stock price.

b) If 2014 represents a period of normal growth for the firm, ratios based on this year will be distorted and a comparison between them and industry averages will have little meaning. Potential investors who look only at 2014 ratios will be misled, and a continuation of normal conditions in 2013 could hurt the firm's stock price.

c) If 2014 represents a period of normal growth for the firm, ratios based on this year will be accurate and a comparison between them and industry averages will have substantial meaning. Potential investors who look only at 2014 ratios will be misled, and a return to supernormal conditions in 2013 could hurt the firm's stock price.

d) If 2014 represents a period of supernormal growth for the firm, ratios based on this year will be distorted and a comparison between them and industry averages will have substantial meaning. Potential investors who look only at 2014 ratios will be well informed, and a return to normal conditions in 2013 could hurt the firm's stock price.

e) If 2014 represents a period of supernormal growth for the firm, ratios based on this year will be distorted and a comparison between them and industry averages will have little meaning. Potential investors who look only at 2014 ratios will be misled, and a return to normal conditions in 2013 could hurt the firm's stock price.

FILM 2401 Lecture Notes - Stagecoach West Scotland, Footlight Parade, The Broadway Melody

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