Essay on Radio One

According to ASC 450-20-25-1, “When a loss contingency exists, the likelihood that the future event or events will confirm the loss or impairment of an asset or the incurrence of a liability can range from probable to remote. As indicated in the definition of contingency, the term loss is used for convenience to include many charges against income that are commonly referred to as expenses and others that are commonly

A profit and loss account is supposed to show a businesses’ income and expenditures and calculate the company’s net profit or loss based on the difference between those numbers. It is really useful in determining past performance and to try to predict future

A profit and loss account is intended to show a business its income and expenditures and calculate the company’s net profit or loss based upon the difference between those figures. It is extremely useful in determining past performance and to try and predict future results. It enables a business to see what changes could make to improve on its profit. It also give enough information to help a business to set targets.

A corporation cannot use net operating losses between C corporation years and S corporation years, with the only exception that net operating losses from C corporation years can reduce net recognized built-in gains from S corporation years.

   John Cheever’s "The Enormous Radio" represents the enormous amount of hidden truths in American society of the 1940s. The problems with society during this time were hidden behind a facade of goodness; however, this false innocence becomes visible through the radio owned by the Westcotts. The radio causes the Westcotts to evolve from an innocent, naive pair who believe that everything they see is real, into individuals who realize that appearances are deceiving.

* There is cash flow loss that might causes continuing losses associated with the use of the asset

Was the decision to avoid the home-center channel a good one? Explain. What are the benefits of sticking with it? What are the concerns?

Opponents of the reallocation, mainly broadcasters argued that wireless carriers were not using the spectrum efficiently and they had alternatives to increase the capacity of the spectrum without reallocation. Gordon H Smith (President of The National Association of Broadcasters(NAB)) said that more investment in towers and infrastructure and receiving standards could maximize the large range of spectrum already allocated to them. They also did a study and released its findings that the FCC did not take into account all the various ways that wireless carriers could increase the capacity of the spectrum they already allocated. They pointed that increase use of femtocells, improved receiver standards and spectrum sharing will do the purpose. They were also concerned about the fact that the FCC could simply not renew the licenses for the broadcaster`s spectrum and they may just reallocate the spectrum for wireless broadband carriers. They were also concerned if they sue FCC, but the result may come only after a long time. Eventhough the spectrum offering by the broadcaster is voluntary, they think it may not the case in reality.

The telecommunications coverage in rural and regional areas in Australia has monopolistic characteristics. Telstra has a competitive advantage over Optus with 99.3% coverage of the population compared to Optus with a 98.5%, this is equivalent to an estimated 192,000 more potential customers. Although Telstra has this competitive advantage they claim that the revenue received from their rural base stations does not cover the cost of development and maintenance.3.

25-7 If a loss cannot be accrued in the period when ti is probable that an asset had been impaired or a liability had been incurred because the amount of loss cannot be reasonable estimated, the loss shall be charged to the income of the period in which the loss can be reasonably estimated and shall not be charged retroactively to an earlier period. All estimated losses for loss contingencies shall be charged to income rather than charging some to income and others to retained earnings as prior period adjustments.”

Q1. Why was the decision made to close the West Coast DC and transition to Memphis?

The acquisition would allow Radio One to acquire stations in the top 50 African-American markets. Radio One has always produced broadcasts that target that group, which is the largest minority group in America. Based on the information from the case, the African-American minority group is expected to experience 60% faster population growth than the general population. The minority group has also experiencing 150% faster income growth between 1980 and 1995. African-Americans listen to the radio on average 24% longer than the general population. That information is favorable to the acquisition decision, as the new markets should experience an increase in advertising revenue. One concern is that

The terminal year cash flow accounts for the recovery of NWC, the after-tax salvage value of the new machine, and the lost

The net income was negative from 1989 to 1991. The net income is negative due to the depreciation costs. Operating

Due to entry of other networks in the competition, the situation has started to become more challenging for TFC as many advertisers are moving to its competition. Hence, when selecting the appropriate strategy, consideration of the channel’s collaborators is also necessary for TFC in order to build or maintain a good reputation and relationship.