se the starting balance sheet, income statement, and the list of changes to answer the question. Nippon Technology Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 37,000 Liabilities 24,000 Other Assets 39,000 Equity 52,000 Total Assets 76,000 Total Liabilities & Equity 76,000 Nippon Technology Income Statement January 1 to March 31, 2020 (amounts in thousands) Revenue 5,800 Expenses 3,400 Net Income 2,400 Between January 1 and March 31, 2020: 1. Other Assets increase by $300,000 2. Liabilities decrease by $200,000 3. Paid-In Capital does not change 4. Dividends paid of $100,000 What is the value for Cash on March 31, 2020? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i. e., enter the number from your updated balance sheet).

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?