Accounting Theory and Current Issues Sustainable Feeds Limited

Question: Examine about theAccounting Theory and Current Issues for Sustainable Feeds Limited. Answer: Presentation The report is expected to consider various bookkeeping hypothesis ideas alongside the current issues with extraordinary spotlight on Sustainable Feeds Limited perceived as the BSF Ltd Company just as its business activities present inside the contextual investigation. The current contextual analysis likewise considers assessment of the business behaviors of the association, which is openly recorded, in the Australian stock trade. BSF Ltd has its business leads in unmistakable business fragments that incorporate exploration culmination on a few feasible feeds of water culture for more than two years (Ball 2013). The report has a target in assessment of the definite highlights just as network esteem expansion for the examination finished by the organization. Also, the report will consider concentrating on some imperative viewpoints that that happens in the underlying phase of exploration finished by BSF Ltd. In this examination, investigation of certain issues with earlier exploration just as the examination incorporate nature and varieties inside the innovative work (R D) in regards to actualized bookkeeping measures and guidelines. Also, the current area will assess the issues for which an association is engaged with such procedure of R D (Beattie 2014). The assessment led in this exploration will likewise think about the market estimation of the licenses alongside the processs list and speculation, the diary exchanges for continuing record of various passages identified with innovative work. Examination Nature Exploration Completed by BSF Ltd According to the Accounting Standards of (Australian Accounting Standard Board) AASB 1011, the exploration and procedure of improvement inside an association is recognized and there is a legitimate bookkeeping treatment for the equivalent. Subsequently, any of such exercises, which encourages inside the limits of the associations are recorded in an organized way. Along these lines, the different examination just as advancement exercises, which are started by Bio-Sustainable Feeds (BSF), are comprehended through the assistance of AASB 13 (Bonin 2013). This standard really watches and structures the innovative work exercises of aggregate organizations. Then again, the concerned association is likewise occupied with the matter of changing the low estimated fish items into a result of high worth. So as to satisfy this procedure the fishes with high worth are dried on the plant-wet food. Such change process acquires certain dangers which inevitably influence the individuals and it even ou tcomes in lack of healthy sustenance of the equivalent. Moreover, remembering the prosperity of the needy individuals, the target of the organization has additionally been adjusted where the assembling the extravagance food items is utilized to achieve the hold over the individuals. According to the ongoing investigation directed on the organization, the costs on the innovative work would profoundly outperform the current cost of AUD160mn to reach AUD200mn (CBC News. 2016). The investigation, which has been led, is of two kinds specifically fundamental and applied exploration. Thus, the primary goal of this paper is to find out the information behind the inventive innovative work of the association. Issues Explanation of Prior Research from BSF Ltd BSF Ltd Company is occupied with a business where its activities include elevated level of innovative work to recognize the manageable just as water appropriate fish takes care of. Be that as it may, the organization saw a disappointment while it was completing its test on premise of plant-based fish feed. This disappointment has cost the organization close about AUD160mn (Henderson et al. 2015). This contextual investigation about the disappointment of the organization likewise features different real factors which the organization saw with respect to the binds of the water culture takes care of. The organization was for the most part occupied with a movement where it changed or in better words supplanted the low evaluated fish takes care of with high worth fish. The proportion was in such a manner where 10kg of sub-par esteem fish were supplanted with 1kg of extravagance fish while thinking about the 1/third of dead fish. So as to actualize the equivalent, the business primarily centered around the rich individuals though exacerbates the danger of unhealthiness for the individuals of poor fragment of the general public (Sciencenordic.com. 2016). On the opposite this activity by the organization is likewise bolstered considering it a stage towards advancement and development. In any case, this examination has seen disappointment yet bookkeeping standard according to (International Accounting Standard) IAS 38 notices that the equivalent may help in further preparing and improvement of the advantages all through the examination. This exploration and examination procedure may be a wasteful undertaking yet will be a wellspring of information for any sort of future argumentation. In spite of the fact that the securing of information for the bombed examination could of help and even include advantage yet that will clearly not outperform the cost which they brought about in the bombed understanding. Varieties and Nature Explanation Between R D In spite of the fact that the term innovative work are utilized at the same time however while assessing the equivalent through top to bottom examination, there are a few components which distinguish the distinction of the innovative work. According to the (Accounting for Research and Development Cost) AAS 13, research includes different exercises, which are planned to increase an imaginative information, which is new to the world (Smith 2014). Thus, when any sort of movement finished with a goal of contemplating the equivalent is considered as a viable and productive exploration which could be additionally improved and actualized through advancement process. In addition, producing the merchandise intermediaries rather the non-indistinguishable fish products is viewed as the primary target of the exploration exercises made by the association. Notwithstanding the equivalent, the examination requires a through distinguishing proof procedure in regards to the change, change and substitution. While auditing the AAS 13, section 8, the procedures of the business which are occupied with improvement for the most part needs to assess their procedures. In addition, such procedures additionally includes different other methodology, for example, structuring the item, testing the example items so it can unmistakable itself and guarantee itself to be imaginative with usage of updated innovation. Besides, the formative procedure envelops the fundamental factor which is activities of the business through usage of vital arrangement. Thus, the innovative work process principally makes the assembling procedure increasingly attainable just as conservative (Bonin 2013). Along these lines, the procedure of examination includes top to bottom investigation just as assessment of the plans. This is the thought, which characterizes the connection of exploration with that of improvement inside the operational procedure of the business association. This then again likewise builds the hope of the accomplishment of specialized just as logical objectives. It additionally builds the adequacy of the usefulness and gives predominant item and administrations. RD through Accounting Techniques The innovative work are all around figured in bookkeeping standard AAS13s subsection inside section 14. It expressed different standards for recording and demonstrating the innovative work works with the financials. It has been a serious significant assignment and ought not be left unaccounted. By and large, the innovative work process incorporates cash matters and the greater part of them in the area of costs. Subsequently, this was to be charged to the salary explanation in legitimate way so as to distinguish reasonable estimation of benefit or misfortune from the activities. Besides, with regards to the equivalent, the concerned association makes all the fundamental strides so as to record the equivalent. It is so in light of the fact that any of the conceded cost can really mess with the certified figures and any sort of expectation in regards to the equivalent could likewise be without reality later on years (Dyckman and Zeff 2015). Thus, any sort of costs, which are identified with the innovative work process, should be amortized or weakened all through to adjust it to the current consumption or compensations. In this manner, any of the expense in setting to innovative work, which were delayed in the earlier years, are presently examined and distinguished as often as possible. This will really bring the distinctions, where the standards may stay unfulfilled and the benefit or misfortune for a particular period shows a reasonable and unadulterated worth. Henceforth, amortizing the costs in setting to the innovative work really joins and adjusts it to current articulations and direct it to increase reasonable estimation of profits. Besides, costs with respect to the exploration for item buying are additionally thought of and are added to the general costs for innovative work (Bonin 2013). Notwithstanding the equivalent, it additionally consolidates the capital, which is utilized behind the innovative work exercises. Henceforth, more or less, it considers all the costs with respect to the innovative work and joins it into the estimation in the financials. Honest evaluation Patent Evaluation and Associated Assumptions Calculations demonstrating the current estimation of the patent Present Value (PV) of Patent: PV of income from first year: (PV of 100+PV annuity of 800) of 8% = $778,463,000 PV of income from Second year: PV of 100 for 10 yrs 8% =$671,008,000 Examination of the standards upheld in finding a reality with respect to reasonable worth, which implies that, foreseen worth of sufficient resources just as the liabilities of a particular budgetary statements of the worry. In addition, there is a presence of a basic statement which explains excellent estimation of reasonable worth is effective. Bookkeeping standard of AASB 13 implies whole justification of a reasonable worth acc

The Guide on How to Write a Global Warming Essay

The Guide on How to Write a Global Warming Essay An Earth-wide temperature boost is an exceptionally interesting issue of today’s world and understudies are doled out to compose on an unnatural weather change article points. The educators request that the understudies compose papers on an Earth-wide temperature boost, a worldwide temperature alteration contentious article or an Earth-wide temperature boost convincing exposition. An a worldwide temperature alteration article is some way or another comparable to some other general paper. The thing that matters is that you need to focus on the issue of an unnatural weather change as the theme is about a dangerous atmospheric devation. By thinking about the theme, an article on an unnatural weather change ought to delineate and demonstrate the present circumstances and end results of an Earth-wide temperature boost. An Earth-wide temperature boost article can be a ‘causes of an Earth-wide temperature boost paper, impacts of a dangerous atmospheric devation exposition or an unnatural weather change circumstances and logical results paper and can be composed by keeping in see the sort of the essay.If the a dangerous atmospheric devation exposition is about causes, it ought to be written such that it ought to demonstrate the causes associated with a worldwide temperature alteration, the an unnatural weather change article should give the reasons because of which the world is having the issue of an Earth-wide temperature boost, in the event that it is about the impacts of a worldwide temperature alteration, the author ought to compose what impacts an unnatural weather change can acquire the globe, what will be th e eventual fate of the world due to a dangerous atmospheric devation, how it very well may be disadvantageous for the world, and so forth and if the article about an unnatural weather change is both about the circumstances and end results, at that point the essayist ought to incorporate the reasons because of which the issue of an Earth-wide temperature boost is there and what will be the conceivable result of this issue in the improvement of the world. In a stop a dangerous atmospheric devation paper, the author needs to remember for his composing certain ways by which a worldwide temperature alteration can be maintained a strategic distance from and halted. Besides, he/she can give advices that are vital for controlling the issue of an Earth-wide temperature boost. An a dangerous atmospheric devation inquire about article will be a paper where the issue of a worldwide temperature alteration will be investigated completely by methods for looking into in the specific field. Not just the past specialists in the zone of a worldwide temperature alteration will be perused yet in addition the individuals will be gotten some information about their reactions as far as a dangerous atmospheric devation however as the paper body is a littler one so the author must be extremely brief and clear. You should as a matter of first importance present the issue of an Earth-wide temperature boost in your exposition on an unnatural weather change. The body of the article on an unnatural weather change ought to remember all the pertinent data and your thoughts for terms of a worldwide temperature alteration. The determination ought to be a summed up adaptation of your contention and should give a last word on the theme. Your exposition on an Earth-wide temperature boost, for example, convincing paper on an unnatural weather change or contentious article on a dangerous atmospheric devation ought to uncover your insight about a worldwide temperature alteration. On the off chance that you need some article composing help, you can arrange custom paper on a dangerous atmospheric devation from our exceptionally qualified exposition scholars who can compose an article as indicated by your directions. Here is a rundown of the most well known a dangerous atmospheric devation article themes: 1. A dangerous atmospheric devation Fact or Fiction? 2. A dangerous atmospheric devation a Global Catastrophe? 3. What the World Can do to Change Global Warming, the Greenhouse Effect and the Ozone Layer? 4. Inspect the Causes and Concequences of Global Warming 5. A worldwide temperature alteration Case Not Proven 6. The job of the universal law corresponding to the ecological security by investigating the current laws identified with the issue of an Earth-wide temperature boost, destinations of such laws, fundamentally assessing their usage, relevance and progression. 7. Another Inconvenient Truth: Meat is a Global Warming Issue 8. Why Global Warming Would Be Good for You?

Word of the Week! Parvenu Richmond Writing

Word of the Week! Parvenu Richmond Writing Unknown Professor Joe Hoyle once again comes to our rescue in the dog days of August. He suggests parvenu and its a fine word I never use. Now, however, I plan to do so! Professor Hoyle writes: The Thought for the Day in the Richmond paper was, We are all snobs of the infinite, parvenus of the Eternal.   James Gibbons Huneker.   The word that caught my attention was parvenus, the plural of parvenu which means, a person of obscure origin who has gained wealth, influence, or celebrity. Though the usage here may be kindly and figurative, usually to be called a parvenu is not flattering. The OED entry notes that term as more derogatory than descriptive. Its a French loan-word dating only back as far as the 1700s. To those we quaintly called the Old Money crowd, when I was an undergraduate at UVA, parvenus drove new Pontiac Trans-Ams or some other gaudy machine, purchased by newly wealthy parents. Two old-money classmates I roomed with in a Summer language institute drove beaters and never had what my mom called folding money.   One could sense their disdain for the flashy, even tacky, new wealth. I never heard them say  nouveau riche, also a French borrowing, but I bet their parents did. The noun and adjectival forms are the same, as is the sense of being a social climber, an upstart.   Parvenus are not typically  ingenues, a term I associate with young innocent women in films and literature. Think of the main character, at least in the start of the novel, in Theodore Dreisers Sister Carrie. By the end, Carrie is most certainly a parvenu. Parvenus often, however, are  louche, another Gallic loan word that I adore. Please send us words and metaphors useful in academic writing by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below. See all of our Metaphors of the Month  here  and Words of the Week  here. Image of Screaming Chicken 1977 Pontiac from Wikipedia Commons.

Acknowledging Female Stereotypes in Much Ado About Nothing

Acknowledging Female Stereotypes in Much Ado About Nothing Women in the Elizabethan age were extremely repressed and discriminated against. Most would not have gone to school or received any type of formal education. They were not allowed to vote, own property, or freely voice their opinions. They were seen as the property of a man, subject to his wants, needs, and not allowed to have their own; men held extremely stereotypical views of their female counterparts that helped them justify the way they treated them. Shakespeare exposes many of these injustices and biases in his stage plays, which are still commonly read and performed today. In Much Ado About Nothing, Claudio moves from seeing women (specifically Hero) as goddesses and wives†¦show more content†¦This implies Beatrice, and by extension all women, to be controlled and weakened by their emotions. Claudio says that Hero had told him that Beatrice would surely die if her situation with Benedick progresses in any dire ction, again poking fun at womens irrationality. He suggests she wear herself out by talking to someone about her love, as though she were a small child throwing a temper tantrum. Like most men of his time, Claudio appears to believe that womens perceived lack of control of their emotions made them less worthy of esteem. His view of women again turns cynical again when he receives news in Act 3, Scene 2 that leads him to believe that Hero has had an affair with another man. Don John uses the word â€Å"disloyal† to describe her actions, and Claudio repeats that word in outrage and confusion about this blow to his honor (3 2 76). Being â€Å"disloyal† seems worse than most other things, in that it has wounded Claudios pride and reputation. The prefix â€Å"dis† is extremely negative and poignant. He emphasizes that if he sees anything with his own eyes, he will believe these accusations. He describes the issue as â€Å"mischief strangely thwarting,† and e xtends that description to all women in general; here he shows that he has moved from seeing women as wives and goddesses to adulterers and shrews. At their wedding ceremony in Act 4, Scene 1, Claudio spitefully and ironically addresses Hero with all

Formulation And Evaluation Of Bi Layer Matrix Tablets

Formulation and Evaluation of Bi-Layer Matrix Tablets Containing Amoxicillin and Pantoprazole an Oral Modified Release Dosage Form for Treatment of Peptic Ulcer Sudhanshu K Chakravati1, Javed Khan Pathan1, Sapna Malviya1, Anil Kharia1 Modern Institute of Pharmaceutical Sciences, Indore (MP) ABSTRACT The aim of the present study is to formulate a dual therapy of peptic ulcer containing antimicrobial agent amoxicillin and anti-secretory agent pantoprazole, utilizing the concept of bi-layer tablet system for the effective treatment of H. pylori associated gastric/duodenal ulcer, in an attempt to improve bioavailability and to get maximum therapeutic benefits and patient compliance about the treatment. Different formulas of 575 mg amoxicillin were prepared as sustained release layer by wet granulation method and different formulas of 40 mg pantoprazole in form of immeadeaye release was prepared as extended release matrix layer by direct compression technique. The results showed that formulas prepared with Hydroxypropylmethyl cellulose (HPMC K100M) and xanthan gum and acasia as binder was capable to retard the release of Amoxicillin and Pantoprazole for 12 hr and 8hr respectably which according to dosing frequency of amoxicillin in treatment of peptic ulcer (twice daily) it will prev ent drug free interval so achieve complete eradication of H. pylori, thus it was selected for preparation of bi-layer tablet. Regarding Pantoprazole, formula PS-6 (which consist of HPMC K 15 M,Show MoreRelatedThe Human Gastrointestinal Track Is A Complex Time9513 Words   |  39 Pagesinterest in multiple-layered tablets as an oral controlled release System has increased. Multiple-layered tablets have some advantages Compared to conventional tablets. Commonly used to no chemical Incompatibilities of formulation components by physical separation. Release profiles of drug may depend on combining layers with different release patterns, and by combination of slow-release with immediate-release layers. Conte and Maggi have described an oral controlled-release tablet called Geomatrix, whichRead MoreStrategic Marketing Management337596 Words   |  1351 Pagesand the development of strategy The competitive intelligence system The development of a competitive stance: the potential for eth ical conflict Summary CONTENTS vii Stage Two: Where do we want to be? Strategic direction and strategic formulation 7 Missions and objectives 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 Learning objectives Introduction The purpose of planning Establishing the corporate mission Influences on objectives and strategy Guidelines for establishing objectives and setting goals

The Theory Of Moral Sentiments And The Wealth Of Nations

How Adam smith can change your life, at the beginning the author gives you a history of Adam smith and all that he has done. From his books: The theory of moral sentiments and the wealth of nations. How can someone from two hundred and fifty years ago, a Scottish moral philosopher can still be relevant currently in 2016. Why is because of the questions that he asked in his two books above some of which have been through different editions like The Theory of Moral Sentiments. The author of this book Russ Roberts had not even read the book the Theory of Moral Sentiments until his friend Dan Klein at George Mason University suggested him to interview him about it on one of his weekly podcast, EconTalk (Roberts, p.2-3). The first chapter the author is preparing you for what to expect and what Adam smith is like with his sense of writing. I did not what to expect when I started reading this but, Roberts giving you a brief insight into Smith’s life and more importantly his death. No journal or diary survived Smith’s death which surprised me for what type of impact he had back in the 1700s until now (Roberts, p.7). The author lets you know what is upcoming in the next few chapters and is not giving you too much information too soon. Even though, Adam Smith is the father of economics this book is not exactly about that. These concepts in this book to apply to anyone of any major, any demographic, any race, or any place in your life. Lastly, the last part that at the end of chapterShow MoreRelatedA Textual Analysis of the Adam Smith Problem1353 Words   |  6 Pagesour self-interest – that contradict each other. Through careful examination of Smith’s explanations, however, th ese two apparently separate forces that drive human behavior become not only interwoven, but symbiotic. In his first work, Theory of Moral Sentiments, Smith seems to argue that sympathy is the guiding force that produces most human behavior. He writes that it is human nature to be concerned with both the wellbeing and misfortunes of others, and that this concern for others is felt soRead MoreThe Theory Of Moral Sentiments By Adam Smith1184 Words   |  5 Pagesand moral philosophy, but also in charge of school administration, until 1764 to leave.In 1759, the publication of the theory of moral sentiments, obtain high academic evaluation.In 1768, began writing the study on the nature and causes of the wealth of nations, referred to as the wealth of nations . Smith in heaven had not happy, people worship him, talking to him, but do not understand the essence of his thought, just use one of his ideas for their own services. The wealth of nations, summedRead MoreAdam Smith : The Father Of Modern Trade And The Free Market1258 Words   |  6 PagesInquiry into the Nature and Causes of the Wealth of Nations, a masterwork of political and economic analysis published in 1776. The general thesis of Smith’s argument is that it is in the best interest of countries to manufacture or maintain a â€Å"perfect liberty† in their economies, raising worthwhile questions of what this notion of liberty entails, and where it originates. To understand Adam Smith, one must first understand the underlying logic his theories are premised on. Smith subscribes to theRead MoreThe Father of Classical Political Economy, Adam Smith, Believed People Are Driven by Morality1499 Words   |  6 Pageshad one son, Hugh, a sickly child, who seems to have worked in the customs a Kirkcaldy until his death in 1750. (Phillipson, 2010: 9-11) Lilias Smith died sometime between 1716-1718. Smith remarried again in 1720, and once again married into wealth. His second wife was Margaret Douglas, the daughter of a substantial and well-connected Fife laird who had sat in the old Parliament. Again it was a short marriage. Smith senior died in January 1723, six months before the birth of his secondRead MoreAdam Smith s Theory Of Moral Sentiments1617 Words   |  7 PagesOver the past centuries, Adam Smith ideas on morality and economics have given rise to various controversies and debates. Many moral and economic philosophers have bee n arguing on this topic whilst most neglected the important part of Smith’s ideas on natural liberty. As an Enlightenment thinker, Adam Smith was interested in finding out the natural laws of economics just like Newton’s successful achievement in finding out the universal law behind nature. In addition, he was also interested in investigatingRead More The Wealth of Nations Essay1349 Words   |  6 Pages In 1759 Adam Smith, then a thirty-six year old Professor of Moral Philosophy at Glasgow University, published his Theory of Moral Sentiments. This work attracted the attention of the guardians of the immensely wealthy Duke of Buccleuch towards retaining its author as a tutor to the youthful Duke whilst on a protracted, and hopefully educational, quot;Grand Tourquot; of continental Europe. nbsp;nbsp;nbsp;nbsp;nbsp;While tutoring from 1763 Adam Smith found some of the time spent in the FrenchRead More Adam Smith Essay820 Words   |  4 Pageseven oblivious, but I rather like to think of it as frequent states of profound thought. The man I refer to is Adam Smith and after having read the assigned excerpts and a few other passages from his The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations I not only hold him in a new light, but I have arrived at three heavily debated conclusions. First, he believed that self-interest is the singular motivation that effectively leads to public prosperity. SecondRead MoreMoral Sentiments, By Adam Smith997 Words   |  4 Pagess well as abroad (Mastin, 2008). In Theory of Moral Sentiments, Adam Smith developed the foundation for a general system of morals. It showed that the moral ideas and action are the basic elements since human is social creatures. It identified that moral is the basic need as social using it to interact and express their feelings. It also stated that the society nee d the prudence and justice to survive, and explains the additional, beneficent, and actions that enable it to flourish. It was a veryRead MoreAdam Smith Essay1550 Words   |  7 PagesGlasgow when he was fourteen and studied moral philosophy under Francis Hutcheson.[7] Here he developed his passion for liberty, reason, and free speech. In 1740, Smith was awarded the Snell exhibition and left the University of Glasgow to attend Balliol College, Oxford.[8] Smith considered the teaching at Glasgow to be far superior to that at Oxford, and found his Oxford experience intellectually stifling.[9] In Book V, Chapter II of The Wealth of Nations, Smith wrote: In the University of OxfordRead MoreThe Invisible Hand By Adam Smith1897 Words   |  8 PagesRichard Cantillon who developed both economic applications in his model of the isolated estate. He first introduced the concept in The Theory of Moral Sentiments, written in 1759, invoking it in reference to income distribution. In this work, however, the idea of the market is not discussed, and the word capitalism is never used. By the time he wrote The Wealth of Nations in 1776, Smith had studied the economic models of the French Physiocrats for many years, and in this work the invisible hand is more

Folio Various Independent Fashion Industry

Question: Discuss about theFolio for Various Independent Fashion Industry. Answer: Fashion Brands Plagiarizing Independent Artists Lucy Cormack has collected statements from various independent artists who claim that there design ideas have been plagiarized by fashion industry giants such as Zara and Bershka. Around 40 independent artists from US, UK, Europe and Australia have made these claims through an online campaign called hold the company accountable (Cormack, 2016). Instagram, the popular social app has helped the artists realize that there designs were copied after the followers of these artists mailed them asking if they collaborated with the big brands (Cormack, 2016). Both the companies in question are a part of the Spanish multinational Inditex who responded to one such claim stating that the design was not unique and hence cannot be associated. Since the artists dont have the resources to go against a monolithic firm they plan to file a class action (Cormack, 2016). Fashion, Wealth and Conformation Fashion is a way of expressing ones own desires and at the same time staying in tune with the trend (Swanson, 2016). The need for women to conform to the people around them has been studied by Jeff Galak, a professor at Carnegie Mellon Universitys Tepper School of Business and three other co-authors, who put up a paper on the height of womens high heels. The study was done by examining the 15,000 purchases from an online luxury store over five years and analysis has been made to see how the pattern changed when women moved from one locality to another (Swanson, 2016). Women who moved from wealthier backgrounds to low income areas were consistent with the heel height. However women who moved to a wealthier area changed the height of their heels to the height of those purchased around them in that area thereby confirming the upper class theory of fashion (Swanson, 2016). Chinese Market Influence in Hollywood Hollywood has been expanding over the past years and has now included an audience of 1.4 billion with its penetration in to the Chinese market (West, 2016). The massive hit of the film Warcraft in China which was a critical flop in the United States shows that there might come a need where Hollywood films would be made exclusively for the Chinese audience. The current Chinese market is worth $8bn and is growing rapidly opening 15 screens a day (West, 2016). However, the China has a restriction of releasing only 34 foreign made films a year making it a challenging task for the studios to choose the films they want to release here. It is not just the movies but also Chinese groups such as Wanda have a significant share in the production of Hollywood films making ensuring that the Chinese movie industry would be a potential boon to the Hollywood (West, 2016). References Cormack, L. (2016) Fashion giants Zara and Bershka have been accused of copying designs by independent artists. Available at: https://www.smh.com.au/business/consumer-affairs/zara-and-bershka-accused-of-copying-designs-by-independent-artists-20160725-gqdoos.html (Accessed: 31 July 2016). Swanson,A. (2016) What high heels say about the massive gap between the rich and the poor. Available at: https://www.washingtonpost.com/news/wonk/wp/2016/07/26/what-high-heels-say-about-the-rich-and-the-poor/ (Accessed: 31 July 2016). West, K. (2016) Success of Warcraft in china helps US open door to audience of 1.4 billion. Available at: https://www.theguardian.com/business/2016/jul/02/warcraft-film-china-blockbuster-hollywood-investment (Accessed: 31 July 2016).