title: Stock Photography - 2nd Edition: How to Take Great Photographs and Sell them Online to Stock Photo Agencies
author:  Blair Howard 
description: This book, Stock Photography, is the result of almost a lifetime of experience. I cannot remember a time when I did not have a camera in my hands. For more than 35 years I have made my living using the techniques you'll find in this book.
zlib_text: Question #1 of 25
  Question ID: 1209208
  Mahakali Book Center 
  9920411158 / 9820665601 
  
  SnapPrints and NetPhoto Case Scenario
  Josephine Howard, CFA is an equity analyst for an investment bank. She is preparing
  financial reports for two publicly traded digital photography companies, SnapPrints and Net
  Photo. Howard just attended a CFA Institute sponsored conference on detecting quality
  issues in financial statements and is eager to apply what she has learned.
  SnapPrints provides photo prints and various other photo-related products, including
  calendars, T-shirts, and coffee mugs. NetPhoto is SnapPrints' largest competitor. NetPhoto
  has been receiving increasing attention from the analyst community due to its high sales
  growth rate, although NetPhoto's sales are still less than 50% of SnapPrints' sales.
  During the conference, Howard learned about the importance of analyzing accruals to
  evaluate earnings quality. Therefore, Howard is going to analyze the accruals for each
  company as part o