Chapter 12 Blog

http://www.canada.com/harbourcitystar/news/story.html?id=68a5083a-f7f0-49af-a30e-f2aa7750335c

Summary:

This article talks about how BC Hydro is trying to make everyone help in conserving energy. BC Hydro has partnered up with more than 500 retailers within the province to try to convince everyone to help conserve energy. Every October, BC Hydro would have a Power Smart Month. They hope that customers would give energy efficient products a chance. They have offered a special instant in-store discount on specialty compact fluorescent light bulbs and Energy Star lighting fixtures. They're trying to attract more customer to use these energy conserving products. Some of the retailers that are taking part are Costco, London Drugs, Zellers, Home Depot, Illuminations, Save on Foods, Walmart and Thrifty Foods.

Connection:

The connection between the article and chapter 12 is the cash discount. They're trying to use cash discount to attract more customers. BC Hydro uses cash discounts to attract more customers to switch to energy efficient products. This would attract more customers to buy from BC Hydro, because everyone likes discounts. The participating retailers would have benefit the most from this. They can use discounts to attrat more customers. The retailers would have their revenue reducted slightly, but can also increase it greatly due to the high amount of consumers.

Reflection:

I think that conserving enegry is a big thing. Even though I don't help much with conserving energy, I think that it is definitely an important thing to do. Energy conservation will greatly affect our future. We should start conserving energy, if we haven't started. I think that starting to save energy now, will greatly benefit our future generations, and of course we want our kids, and their kids to have a good life to live. If we use too much energy now, we'll just teach our future generations to do the same thing, and this world will run out of power sooner than we'll think.

Accounting 12 - Chapter 11

http://www.canada.com/victoriatimescolonist/story.html?id=728a00b3-77a3-4d66-80c5-703d63118480

Summary:

Studies have shown that 2 out of the many major cities in Canada have house prices that are overpriced by atleast 7% and up to 20%. This article was researched by researched at UBC. It showed how the house pricing in Canada had rose drastically starting from 2001. The house pricing many major cities in Canada, like Vancouver, Calgary, Montreal, Ottawa etc..., have been continuing to raise over time. Now that the prices are so high, there are many houses that are unsold or empty new housing. This is caused by many things, the first is obviously the increase in price, the other thing is that The employment rate, especially in Victoria (3.2% scoring at the lowest rating in all of Canadas major cities.), have been dropping. There are 4200 new jobs created locally so far this year to try to up the employment rate. Studies have shown that, many of these emptied out houses are bought by investors or merchanters, who want to make big money when the market goes up, which in time causes so many unsold or unoccupied houses.

Connection:

The connection here in the article is the supplies they have. They have their sale prices so high that no one is buying them, which in a long run, kills their income. Because the prices are so high, and no one is about to be ready to lose some money, the supplies just keep piling up. Soon they will have a hard time to keep track of them. The studies have shown that, some cities have to lower their prices by as much as 20% to have a balance in house prices and rents. If the price of the houses drop, then they will make less profit or might even lose money, but little amounts of money is better than to pile up supplies that are unused and just sitting there wasting.

Reflection:

I think that everyone in Vancouver knows that buying a house in Vancouver costs a fortune. Because of the employment rate dropping, I think that house prices should drop as well, or else they will no longer be demands. If a house costs so much, I would rather just live with my family instead of going out to buy a house for myself to live. It is just not worth it. I think I would consider to live in Edmonton because the house price there is 8% underpriced. But unless I go there for a job, or for school, i would like to live in Vancouver more.