Guerilla Marketing

The idea that I liked the most in the 'marketing ideas' was Las Vagas' "what happens here, stays here" campaign. I liked it because Las Vegas, turned themselves around and made it into a very.. Fun, very 'to forget about your problems' place; Sin City. The idea I liked most about the examples video was the Volkswagen one and thats mainly because it was fun, exciting and to me, highly creative. Of course, what's more fun.. Slides or escalators? Aha.

To me I think they're dead on with Generation Y, because well, I like knowing about things with the spread of mouth from friends. Especially friends with the same interest. I'd rather be notified of new products from texts and such instead of sitting and waiting for commercials to keep coming. I especially hate when commercials play on and on. For me, it's simple. I get told by friends, I go check it out and my results wind up from there.

I am sorry mainly because I didn't even pay attention to the video, I tried but my attention was elsewhere cause I have personal problems and I actually brought them to class, when I usually don't. Guaranteed, next video I will pay attention and do my opening activity much better. Kbye.

Is it possible for a business to be solvent but not profitable?

A business can be solvent and not profitable. You can pay all the debts that needed to be paid off and not gain profit.. But, where and what are the solvent businesses? I think it's possible but which company is? But anyways, every company doesn't need to be profitable. Profit gets you more money for more supplies and such. Where it's solvent, the business is handled and still operating. WOO.

Assets:

1. Cash: currency, coins, checking accounts, and cheques that were from customers. 
2. Prepaid Insurance: It's pretty much a contract that has been paid for in an advance. It shows the amount that has paid but doesn't expire due to the balance sheet date
3. Petty Cash: Cash that are given for supplies.. 
4. Supplies: Cost of supplies at one point in time
5. Accounts receivable: A combined amount of debit balance

A doubtful account is the credit balance in the contra asset account.
The difference between assets, liability and equity is that assets control or represent the different receiving of cash, liability is a formal payment and equity is earnings.

What formula must a balance sheet follow?

0 Assets = Shareholders + Equity

1 Assets = Liabilities + Shareholders Equity

0 Liabilities = Assets + Shareholders Equity

What is an asset?

0 A balance sheet item

1 Something that generates cash flow

Is accounts payable an asset or a liability?

1 a Liability

0 an Asset

What are accounts receivable?

0 A company has made a purchase but has yet to pay for it.

1 A company has made a sale but has yet to receive money for it.

What is on the left of the balance sheet?

1 Assets

0 Liabilities

What's on the right of the balance sheet?

0 Assets

1 Liabilities

What is the purpose of the balance sheet?

0 It's an income statement.

0 It's a cash flow tracker.

1 Gives a companies financial position for a single moment in time.

You get 4 points. The maximun a 7