How the iPhona Changed Modern Economics Essay Example | Topics and Well Written Essays - 1500 words

How the iPhona Changed Modern Economics - Essay Example According to the company, an estimated 200,000 iPhones were pre ordered the very day that the phone went on sale in the country and another 400,000 were sold on that day. The company was able to attract so many buyers because of the popularity that the phone had gained over the Chinese market because of the sale of its previous model, which had further excited a wider consumer base. Even though the phones are more expensive, they offer better features as well as data services which have attracted.In economic terms, it is clear and evident that this particular phone has appealed a great deal to at least half of the Chinese market because more and more people have bought it at the price at which it was launched. The iPad was also released in China and went on sale at a fast pace as well. However, the crux of the matter remained that the iPhone’s demand exceeded the supply that the company was able to give to the people. This goes to show that there was an extension of demand in the particular commodity at the same or even higher price. Since the iPhone 4 was costlier than the previous version, an extension (and not just an increase) in demand can be noticed here in economic terms which means that there is movement along the demand curve.As per the article, â€Å"As of the second quarter, Apple was the fifth-largest smart phone vendor in China with 7.1% of shipments, according to Beijing research firm Analysys International. Nokia Corp. had the largest share with 26.7%.†Ã‚  

Accounting Book Report Essay Example | Topics and Well Written Essays - 5250 words

Accounting Book Report - Essay Example The text has occupied the number one selling slot for a long time on the topic. Now in its 10th edition, the text contains a wealth of conceptual analysis of the International Financial Reporting Standards foundations. Finally the 6th edition of Gray’s and Black’s text primarily treats international corporate strategies along with an emphatic analysis of decision making in an ever increasingly complex international environment of corporate culture. They delineate international accounting standards and practices in a vivid manner so that cultural factors affecting international standards are lucidly explained with IFRS framework as the basis of reference. This edition with Black as co-author has set a new standard in the international financial accounting sphere. The book International Accounting: A Global Perspective by Iqbal, Melcher, & Elmallah provides the reader with a detailed analysis of international accounting principles and then extensively discusses international issues relevant to accounting and finance. Its global perspective analysis cuts across international barriers to achieve a well balanced overreach in international accounting. The book contains very incisive perspectives on the global market place free from prejudice and bias. While its strength concerning elucidation and enlightenment lie in the global culture approach, there is also an additional advantage associated with its treatment of international accounting as a more diverse professional study. (b). Managerial accounting consists of budgeting, costing, foreign investment analysis, transfer pricing, performance evaluation and control, operational auditing, information systems and foreign exchange risk management. Though international finance also receives a fairly enough percentage of analysis in the book, the subject is confined to multinational organizations’ operational bases and not to the overarching domain of