straight hole in the opening through it so I could run it up the the base of the the bottom of the faucet to to to install it and I just spent like 20 minutes like there done now I accidentally flipped the hot and cold around so to get hot you got to move the faucet to the right but it works it works as long as you know who cares yeah the more you know I lived eight years in a house where the water the hot and the cold were mixed in the shower and I didn't I never cared I just you just did it because once you knew then you just did the one that was opposite and you only just had to tell people that visited I guess I've never internalized that dial faucets are supposed to always be cold one direction and hot the other always I've never I've never realized that I'm wondering if the British have it right where you just get two faucet like two yeah that's most most of my faucets work that way same here I have one like that in the house that's the other way the turn one but yeah hotels you see that in for me interest see we're talking about I mean listen patrons and others here yeah you know this is the important stuff I hope yeah the hard-hitting issues yeah this is the this is the plumbing discussion gold or as I like to call it dg dg the dg level of our patreon hey uh we we always have a goal of making at least one new patreon a year a year a month yeah a year would be pretty easy uh we always want to have one more than we did last month so if you're thinking about signing up by all means please do i'm checking in now to see where we are over july so far this august drum roll please drum stick please wow patreon take a little out of load there not gonna criticize but okay uh we are down 20 patrons over the last month oh so if 21 of you would please uh pony up five cents a day that'd be awesome that's your same for your sounded like it was from speed racer it probably was bam bam bam where i get this crap from where's he coming from speed racer you're a big fan you like that don't you oh i was a huge fan when i was a kid i sang that theme song in my sleep i thought it was one of the worst cartoons ever when i was a kid i said like i even as a little kid i could tell me you can stop all over my dreams that's fine roger this is you know i when you know what i'm hearing i'm hearing a great east meets west topic yeah definitely i was a battle of the planets guy i like that all the planets too you don't have to choose between them yeah you do no you don't battle the planets was awesome so was voltron that was the one with the ship that was like a battleship in space what was that called i liked them all star blazers star blazers i freaking love that that was a good job but uh more fun to like things i watched the great space coaster and uh battle the planets and then it was off to school well now we're off to tech news yeah i've heard good things about it about tech news yeah the technology can be both fun and informative let's find out on this okay uh let's get to a point here we go what's that you want to give back some value for the value you get on a daily tech news show no problem just head to daily tech news show dot com slash support to find out how this is the daily tech news for wednesday august 15th august 16th i think it's the 16th 2017 i'm tony mary joining me scott johnson is alongside how are you as they say in english well let me tell you as equally in english as i can i am great that is good not groot no i'm never groot if i was groot i'd make a lot more money than i do now on today's show we're gonna talk about this movie pass thing it's been kicking around in the news a little bit this week and uh it's that idea that you subscribe to get movie tickets uh and and you get not an unlimited amount they say unlimited but there are some restrictions uh but you basically the idea is you can see as many movies as you want for a single price we're gonna talk about movie pass where they've been they've been around for a while this is not a new thing uh and why amc theaters is considering legal action against them even though they're part of the plan let's start however with a few tech things you should know amazon announced it will extend a program that paid developers of top performing amazon voice service skills developers of games already received payments like that so they're extending it to top performing or engaging skills in education and reference food and drink health and left fitness lifestyle music and audio and productivity so we would like to get paid for the audio skill for daily tech headlines that'd be awesome thank you amazon yeah i actually really like that they're doing this it seems like uh i don't know it feels like a thing they don't have to do feels like people may just be making skills because they want it and it's a cool thing to do and it supports whatever product they have but i don't know it's a nice it's a nice little thing they're doing there yeah well a way to encourage more good skills there you go i mean it benefits them for sure but it's a nice little win win factory daily is sources who say amazon speaking of amazon will take advantage of dwali shopping this october to launch the amazon echo in india uh the echo is expected to sell for about 11 000 to 12 000 it's rupees right rupees yes it is i always i you know i always have to be careful because i play a lot of zelda games anyway they have rupees in them and the echo dot for 5000 to 6000 the speakers will only support english at launch but amazon is supposed to be working on hindi and tamil as well that's awesome uh you'll have tom yet another whole part of the world to complain when you accidentally drop the a word on the air i yeah isn't that great you can you can sit off amazon echoes worldwide by merely saying a woman's name now here are some more top stories wall street general reports a source says apple has budgeted $1 billion for original video content next year by comparison hbo is spending $2 billion on content this year netflix is spending $6 billion this year and apparently they're going to spend even more like $7 or $8 billion next year so apple not going to be the biggest spender on this but they're also brand new to the game so committing some serious money to making original content scott how do you think this content will arrive i mean we're not talking carpool karaoke anymore we're talking some serious money here or that app show that's not all that great um no you're talking about maybe some great drama maybe some good comedy maybe maybe some really talented directors or people that are music specials like siri i mean they've done a few documentaries and stuff but more of that they have they have reach and stuff it does it is funny to say that a billion dollars feels like the low the low ball considering what the others are spending right now but i guess that's literally the case as far as delivery goes we've discussed it a bit on tms today during your segment and i've thought more about it since uh i think that it's a mistake for apple to do what some are suggesting which is to make this exclusive to apple products only when you say sub that was me on tms this morning that's my that is my feeling i feel like they will say this is free for anybody with an ios device or an apple tv if it's free that may be the killer point or the killer selling point if it's a subscription based thing for us as users in that ecosystem but nobody outside of that ecosystem that doesn't make any business sense to me that seems really weird but in your case if they say yeah we've got these top notch top shelf programming coming to you this fall or whenever uh bingeable or however they decide to do it and you're not going to have to pay anything because you're already here great i think that that may work for them um it's a little exclusive i don't love that necessarily but i kind of get it does that rule them out of things like consideration during the emis things like that i don't know there's a lot to consider there i think from that point of view if it's the other way where they offer a subscription and put it on multiple platforms so that i could get it on apple tvs and rocus and fire tvs and everywhere else that i needed it that seems like the smart way if they charge for it if they don't charge for it then maybe you've got a point you know the the charge uh the template for charging for it is apple music uh and apple music very slowly available for android uh and kind of available because itunes is there for windows so i guess you could use it on windows uh but kind of almost grudgingly is is how i would describe apple music rolling out off platform i i feel like if they charge for this then yeah they're gonna have to do that but i would expect the it to launch exclusively on apple products to begin with with plans to roll out for android and windows or maybe it's rolled out the itunes store so you can get it in windows i think it'd be interesting if they did it as a free service for people with ios or apple tv devices and that but the shows don't stay around forever so if you want to catch up on them you have to purchase it from the itunes store when i say that's interesting i don't mean that's what i want to do because i don't want to spend money to catch up on something but i could see apple doing that free for people who you know want want to see the the most recent five episodes let's say yeah no i could totally see that i again wouldn't want that either but uh but i could see them maybe pulling that off in the end i hope what this is is really good programming that will determine a lot of who gets it and how they get it if it's not great no one's going to care about this exclusivity thing it's like powers on the playstation network that could have made a splash had that been any good at all it was a bad show and that's really it and uh you know that's what wins now is content so sure hbo is going to spend 16 or sorry two billion this year on programming a huge part of that i don't have the breakdown but a huge part of that has to be their top tier stuff like game oh yeah so if you're gonna produce that kind of stuff then it will be difficult to deny its its um viability but if you don't then this whole thing looks weird so that's what i'm waiting for i want to see what the content's going to be and then what it turns out to be before i can really judge it because that's everything in this scenario one other option that i wouldn't mind seeing go the amazon way you're already charging a bunch of people for apple music 15 bucks a month or whatever their plans are and let's just say that if you're doing that the high tier 15 family plan you get this too instead of paying some you know extra thing that'd be a way to do it like prime gets people into prime video same and another precedent is the itunes store adding video right and even it's still being called the itunes store apple music plus video um they could they could definitely roll it in and say it's one subscription plan it's a value add for that and then you've already got an app you know that makes a lot of sense now that you say that because you've already got an app footprint out there and you don't have to re-engineer stuff and and put it out in new places i still don't think you're going to see apple music or this new service come to places like roku or certainly not amazon with the dispute they're having yeah that's true if well if the rumors hold true uh that that will get amazon prime finally on the apple tv this fall all if that's true that's not a rumor that the apple announced it that they announced it okay so that's official that was at w w dc i must have missed that so if that's official they that could be olive leaf you know a little bit yeah a little crossover is in order i don't know but uh yeah i'm very curious about this a billion dollars while not a lot of cash for apple can you know in context is still a huge wad of money to enter a scene that is already getting pretty crazy so i'm very curious to see how it turns out uh android phone maker essential sent out emails to everybody who pre-registered you're one of them right you get a little email i did uh they asked folks to complete their orders with a promise to ship black versions of this new phone in seven days and uh if you got the white version though you're gonna have to wait a couple of weeks uh color color options are always i feel like always happen with the motor who's making this phone but you've got one coming i'm i'm stoked to hear your impressions of this thing i mean it is it's been the jankiest of launches i'm very curious i'm only buying it because it is andy rubin uh and there's so much attention on it and it's a new entrance how often do we get a new entrant into a phone market uh at this level at this flagship level so i'm i'm curious to try it out and see how good it is i will use probably use project five i have project five sim card i'll probably take it out of my net my good old nexus five x uh and stick it in this one the supply chain is a mess here though they they've never been able to give us a date even now they're saying within seven days and it's not both colors so there there's there is something going on on the supply chain side here where they've had the design for a while and they just can't get the inventory lined up properly but thankfully it's it's finally here so it's andy rubin like andy rubin made a phone and he brought you android in the first place so here's his phone like it's a big deal and it feels kind of like a bummer that it feels like things are gummed up a little bit but i want i can't wait for you to get it so we can talk about it microsoft completed some tests in nevada of autonomous gliders that require little to no power to keep flying the gliders use predictive math to anticipate thermal updrafts and use them to stay in the air the crafts worked and they worked fine but they fell short of the goal the goal was to beat the record of five hours in a loft for gliders they didn't quite get there but still really interesting that microsoft is also in this game we hear a lot about facebook we hear a lot about google as far as these these gliders and planes that will deliver internet and microsoft's got its own efforts that's looking promising yeah i think those are cool i like um i like that microsoft does this they tend to be a little bit late to it sometimes or at least they get reported late maybe their r&d's been working on stuff just as long as anybody else but um when they get into these things they usually try to put their own spin on it so when vr is all the ruckus they say no we're more of a hollow lens kind of idea and here's what here's how it works or when everybody was all about motion controls and video games the xbox team's like yeah we're going to do full body tracking and do this you know which never works great but you know the connect was their answer i i i wonder what the twist is here if there is one there may not be one but it's difficult to say what even their in-game is like why are they my guess is it would tie in with microsoft azure uh and and cloud services and cdn's somehow uh it's it's obviously not a direct connection because i don't i don't know flying data centers uh for rural areas uh and and certainly the obvious use would be to deliver some kind of connectivity maybe in partnership with an isp yeah i'm i'm looking forward to our blade runner future we're getting there quick it's gonna yeah uh google's alo chat application you might remember it uh can now pair that was not a slight i promise could now pair with android version of its app with the desktop version of the chrome browser and you just use a qr code i do this with what's app works really well uh the ios support is coming soon so you guys have to wait a little bit the web version only mirrors the mobile version so the phone must be connected for it to work uh sensor tower estimates that indian users account for 38 of the 21 million estimated alo downloads so this is working like what's app they're basically trying to make a what's app clone even though they could tie it in to their many other messaging efforts like i don't know g chat hangouts android messenger uh that's not what they're doing they're just just making it work like what's app and it does feel like this is becoming a developing market play the us is the number two user of alo at this point but the fact that india has such a big chunk of it and is number one i think points out that you know what what's up is huge in india and google sees that and sees an opportunity to play in that market where people don't have any confusion they don't we're like ah but we have hangouts and g talk that doesn't exist in a lot of markets a lot of markets see alo and they're like oh it's a new thing from the guys who make android all right i'll try it out yeah no i i could totally see that by the way maybe maybe part of this is the word alo as translated to hindi is alo so it's easier than the word what's app which translates to something totally different that's just doesn't translate at all right maybe it doesn't translate at all it's kind of a side point but i don't understand why you have to stay connected this is a whole weird thing that drives me a little bit nuts with this kind of stuff in the case app i don't i don't have to have my phone attached to the app while i'm running the desktop or the we don't have that you have to have your phone on no because the because the tech branch described this is working the same as what's app in that if your if your phone goes away you start it stopped being mirrored well in the case of what's app right now i'm pulling it up um and my phone is off currently and i can send you hi tom i just say yo what's that message to your phone probably is where you'll get it and i'm connected so i don't know if they if that's a recent change but they do not make me have that app open or my phone even on like literally physically on uh like i can shut power down and still use what's app which is kind of nice so i talked to her a lot so it works out pretty good that may have just changed but i i guess what i'm wondering is whether it does or doesn't why couldn't it always just work once you've qr coded it you've kind of done the security step so it's your account maybe it makes you do that once a month or something i don't understand the problem well it could be that sarah parez uh wrote this in a confusing way for me for tech crunch that that would be the other thing hold on i got it i got a whatsapp hi scott yeah that was the desktop there you go mine was not on my desktop because i don't have it there thank you for the reply though yep uh apple facebook google microsoft and the snap are among the tech companies who jointly filed an amicus brief in the u.s supreme court case of carpenter versus the united states at issue is whether the fourth amendment protection against unreasonable search and seizure was violated when police used information from cell towers to determine a suspect's location without obtaining a warrant tech companies including airbnb sisco dropbox and verizon verizon's on this as well argue in the amicus brief that consumers should not risk warrantless surveillance by using cell phones so this is going to be precedent setting supreme court weighing in on this some courts have said you have no expectation of privacy with your cell phone location because you're sharing it with the third party and that is a a storied principle in legal circles to say if you're sharing your information with someone public with a third party not you know not your priest not your doctor not your wife uh or your husband you're sharing it with somebody outside then you should have no expectation of privacy you already shared it with people and what the tech companies are saying with the amicus brief is cell phones are different these are ubiquitous things that people use to carry their entire lives around and we do now have an expectation of privacy when using them yeah and my understanding is i'm so torn on this issue but i'm actually in arguing favor of the side that i don't actually agree with the most because i'd prefer less tracking more warrants that sort of stuff however if i'm uh need somebody needs to find me based on a landline phone trace that can happen and is not considered with a warrant can it though yeah can't they do it without one i thought they could i mean is it just i thought they if they had cause or yes that's called what you need to get a warrant cause probable cause if they had probable cause to catch this guy this carpenter fella assume uh then what's the difference they had they didn't get a warrant oh that's the difference that's the difference the entire point is they didn't get the warrant i totally get that i guess what i'm saying is hmm scott's flopping around i yeah what the tech companies are saying is not that you shouldn't ever be tracked what they're saying is you should require probable cause you should require a warrant to be able to get location information uh because and again it's the the argument has never been like well but we want to catch criminals so make it easy the argument has been you've already shared this publicly so the courts like we don't care whether you're a criminal or not a criminal this is public information because you shared your location with the cell phone company and the tech companies are saying this is different this is not like publishing your location in a newspaper and therefore and then trying to make it private this is not what you would typically this does not need to be considered public information it's a change in the way that is looked at that they are asking the supreme court to make and the supreme court will decide whether this warrants a change or not not to use the word warrant in another sense sure especially the band i used to hate them but anyway if i my cherry pie if i if i put mine if i give my mother my new address but i don't want it to be published in a local newspaper or a local that's your mother though that's my mother you have an expectation of privacy with direct family members let's say you give me and terpster and roger and and justin and and a couple of fans of the show your address yeah and then one of those fans gives it to somebody else and you sue them per that person to say hey you weren't supposed to give that to somebody else the court would say look you started giving it to the public and if that's their stance then they're probably going to rule in favor of yeah this is already out there you've given it to your isps or your carriers therefore you've given it to us which i i again i'm still sort of torn on it i need to think more about it but it it does feel like a precedent setting thing and uh i think what the tech companies are saying is supreme court you need to rule that this is a new situation that the precedents set in the eras of telegraphs and newspapers aren't sufficient yeah i can see that yeah uh folks if you want to get all the tech headlines each day in about five minutes or less subscribe to daily tech headlines daily tech headlines dot com available as a podcast on the amazon echo as a flash briefing on google home through the anchor service and on anchor itself at anchor dot f m and that's a look at our top stories all right let's talk about this movie pass uh the big news is that movie pass lowered its monthly subscription to ten dollars a month the service uh which launched in 2011 and back then it was more than 30 a month let subscribers see multiple movies in a month with a few restrictions on advanced purchase and frequency and stuff like that but the idea is you can see as many movies as you want for the most part uh for one price a mc theaters which has been a partner in the program since 2014 said it is actively working now to determine whether it may be feasible to opt out of this program and not participate in what they call a shaky and unsustainable program now this company launched in dune 2011 in san francisco they paused after resistance from theaters and worked with the theaters to come up with a new system they relaunched in september 2011 a voucher system was used it was real clunky you know you got a voucher from movie pass then you took it to the theater in exchange for a ticket in october 2012 they launched a location based payment system so you could just go direct and then in december 2014 their big win was getting amc theaters on board because amc is a huge chain in the united states june 2016 they hired mitch lowe as their ceo he is the former president of red box and also was one of the founding executives at netflix back when they delivered dvds and they started some new plans shortly after that starting at $15 getting higher based on your your area so if you were in an area that had more expensive films the they would charge you a little more well now they're bringing that price way down and and scott i guess the the objection from amc is that we aren't losing money directly on this because movie pass has to pay the full price of every ticket that you buy that you get through them but amc is worried about price deflation they're saying if suddenly everybody can get an unlimited number of tickets per month for $10 that's going to drive down prices well a theater wide industry wide and we're not going to be able to make money if that's the case yeah i i think they're worried about the perception and precedence that's something like a $10 a month subscription sets i think they're scared of that because that sounds crazy cheap i know that if you said to me my local theaters that i use here we're all getting on this program i would in in less than a heartbeat sign up for this thing and do it and i will if they do if this you know ends up working out neither of which or amc theater so i'd be okay if they if they boycott this thing i guess but that's ridiculously cheap from a consumer standpoint even if i really don't go that often i may go twice a month if i'm lucky given my my schedule that's still going to be worth it to me so i have two i have two weird concerns here one is i can't believe they can go as low as 10 that just seems insane to me and say hey go to any of them you want other restrictions like you mentioned before no 2d movies you can't see the same no 3d movies it's 2d movies only that's what i meant 2d movies only no 3d movies no i max special screens those kind of things are kind of out of the door but there's no 24 hour restriction anymore so you can kind of used to have that they got rid of it yeah right but you could go three new releases that weekend go on a saturday morning and don't leave tell that attorney because you went and saw three movies so that that is very palatable from a consumer standpoint but on there and they're probably seeing that as whoa this really cheapens the movie going experience suddenly instead of that or higher being a single ticket price for a 2d digital film now they're getting that for a whole month of all you can eat it seems like a buffet that has lost their minds and i get it i totally get where they're coming from they're already having enough time or a hard enough time making sure people get out as good as this year was in terms of actual film releases and and big movie moments box office receipts are way down in 2017 and why well we probably know the answer to why and and this needs to be announced there they need to come up with answers to netflix to home theater experiences to all of those things and this seems like a good one for me as a consumer and a terrible one for the business because suddenly if the whole thing looks cheaper and i think there were i think that's what amc's problem is well and the problem too is for movie pass i mean if someone subscribes and goes to one movie a month they lose money because most movie tickets are priced more than ten dollars and maybe they won't in some cases but but honestly like this is below market price in a lot of cities in the united states so the idea with a subscription service like this thirty dollars makes sense thirty dollars for an unlimited number of movies a month well you know what they're probably not going to go to three movies every month so we're going to make it up on the back end ten dollars seems like you're banking on people subscribing and skipping months not in enough amount that you can make money or it's an it's a way to get people to use the service it could be a gamble that like let's just lose money lost leader this for a while to get people in the door and then we'll raise the price once people start talking about how great it is but we need enough critical mass using the service to get the word out i was talking to some gamer friends of mine about uh free the free to play model in video games these days and they were like well look at that that's free you don't have to pay a dime and they just count on quote unquote the whales to pay for everything and make the money because they're the ones spending all the money on cosmetics or whatever it is in the game and my point is we're not looking at a tiered or add-on system here we're talking about ten bucks a month done the only add-ons are concessions people buying popcorn and drinks and that's really where the theaters make most of money anyway exactly so the theaters will do okay but i don't know about movie pass like it i'm completely with you on this is my point i i feel like it's amc's not wrong to say that it's unsustainable potentially anyway um because i i don't think you can have i mean what's they there it's a data firm who owns movie pass now which no they divested themselves of that stock to raise money i see i had to be able to do this crazy plan is my guess well then it's even worse than i was thinking because yeah i'm going well they're smart data people they must know what they're doing but if they if there's not even that pedigree then what they're doing is taking a wild risk and hoping that what uh two out of it every ten people don't use their passes more than six of the 12 months or something i mean it's not a bad gamble all of us have had those subscriptions where we just forget we have them and stop using them and we're like oh crap another month went by and i didn't go see my movie you know had to remember to do that this month yeah and there's i mean subscriptions are meant to be lost leadery in that way not exactly a loss leader but they you know they yeah look like a steal they take advantage of breakage so to speak wastage yeah but there's no add-on there's no stack on there's no other way to augment the monthly and because of that you you are gonna the whales of the world are just going to pay their 10 like the people who forget so there's no advantage to the whales who who who are going to theaters all the time except they're buying a lot of concessions and i don't know it does seem a little unsustainable i'm telling you right now though for as long as it lasts i do it like well i think people are interested because i can't get moviepass.com to load i just get an application error so i have a feeling it's it's uh it i guess it may be being d-dost but it's probably just got a lot of people trying to sign up for this crazy deal for as long as it lasts because i think a lot of people don't think it's gonna last yeah we call this a natural d-dost is what they're getting yeah hey thanks to everybody who participates in our subreddit you can submit stories and vote on them at dailytechnewshow.reddit.com and go check out our facebook group at facebook.com slash groups slash daily tech news show there's all kinds of cool people in there chatting it up having a good time discussing the tech news sharing pictures with each other uh there's there's no reason not to join one or both of these uh in fact ed is in there asking what the best most innovative commercial or industrial use for uiv has been started off a good conference conversation go so go check them out uh and join in on the fun all right our thing of the day comes from fredrik the ebay engineer who says i hadn't heard of france's minitel which we talked about with patrick beigey yesterday until last november when i listened to an episode of the reply all podcast that was all about the wacky pre-internet day as a minitel if you want to make reply all a pick of the day i highly recommend it to anyone who likes good and often amusing storytelling and is interested in technology it's kind of like an internet focused version of radiolab another podcast i love of course i love yours too and listen to it every day thank you fredrik uh gimletmedia uh does a bunch of great podcasts gimletmedia.com does the reply all podcast go check it out i assume that's in english can i get it's in english yeah it should be yes it's in english why would you think it's not in english the french podcast network and france's minitel and all this gimlet's not a french podcast network is it well is it i thought it was i don't know i think it's just gimlet's in new york i think it's just that we're talking about a french device the minitel oh maybe that's why i'm getting confused but okay the title of the episode is the french connection is that what that's probably what's throwing me off that's what you're looking at okay all he had to say is that it's like radiolab and he's got me so i'm gonna go check it out all right i got another email from pushpock revetage in india talking about renting farm equipment in india we mentioned this company that's doing a great job kind of being the uber for farm equipment pushbox says i'm from a southern part of india and i have some agricultural background the practice of renting farm equipment is more common than you might think an average farmer owns about half an acre of farmland that is very small to justify owning your own equipment my uncle was a farmer and i used to spend summers there the common practice there is about one to two people own tractors in a village and rented out to other people by the hour this is a very efficient way to farm if you're financially able to invest in a tractor in accessories it's a viable business as there will be a year round demand in the off season the tractor with trailer as an accessory is rented out as trucks to move stuff well i even remember a time when it was rented out as a tour bus to carry about 40 people it's also relatively common place to rent out farmland on a profit sharing model say you're a landowner you'd let a farmer who does not own any land use your land to grow crops and the profit is shared at a set percentage effect my sister actually does this in a lot of cases if for some reasons the crop is destroyed and no profits are made the rent is waved off to help the poor farmer these are very there are very strict laws regarding land ownership and sale in india here is some reading about it and we'll have that link in the show note from the hindu.com fyi i am from karnataka the hindu is one of the oldest national publications he wants to point out as well so i say my sister does this she does it in illinois not in india but but does rent out some of her land for someone else to farm on and and she farms some of it herself like she does both sides so i think the company we were talking about yesterday was just helping make it even more efficient than what was already happening and thank you pushpock for for the email yeah very cool i have a friend who does a whole orchard of cherry trees in this way just rents it out and let the people grow cherries on it and and and then pick them and takes a cut just a cut of everything they sell which is you know i don't know it's a little seventy thirty apple steam kind of looks cherry actually next email says hey tom i'm an avid listener and consumer electronics manufacturer and retailer so when i heard you discussing the botched wireless update for the model 6000 i remote locks from lock state i just had to chime in on the one hand you applauded lock state for updating the firmware in their iot device at all which i agree is commendable however the mistake of accidentally pushing an incompatible update to the 6000 i model originally intended for the 7000 i model shows serious security concerns if engineered properly this shouldn't have been technically possible updates should be signed for the model of device they're intended for just imagine a samsung galaxy s8 getting bricked because it got pushed firmware update for the s7 my company makes two devices in the same product family and they get frequent firmware updates it's imperative that neither are able to accept the updates of the other model so we ensure that over the air updates can't cross the streams even if a customer were tried to manually flash their wi-fi pineapple nano with wi-fi pineapple tetra firmware the device would reject the updates since the consequences would mean a bricked device when i recognize those names and brick devices are a costly problem for any company i sympathize with lock state ceo nolan mandro i'm honestly surprised that the only recourse customers have is to send their units in for repair at hack five huh we learned the hard way with very early models of the wi-fi pineapple which didn't have methods to prevent users from accidentally bricking their own units since then we've gone to great lengths to provide unbricking options things like exposed serial consoles and bootloaders with web recovery modes our customer base may be far more technical than the average iot smart lock user but there are absolutely technical measures that could be put in place to prevent this sort of thing from happening that's transparent to the user things like boot failure recovery functions that fall back on last known good firmware images for example furthermore it brings up the concern that a malicious attacker could push an unsigned update to these models of smart locks that would give them literal backdoor access to your backdoor this serves as an important case study for any internet of things manufacturer anyway love the show ps you should have that good looking hacker kid on with len more often i hear he's done hacking across the planet oh it's not signed but uh thank you darin for the email and yes we're going to get darin back on the show i promise uh it's good that that he's back and uh and helping us understand this because he does this like you said like for the pine apples he's has to manage this exact kind of thing i already like listening to darin i really like reading what darin writes the guy's uh brilliant so yes more of the hacker kid uh from fridays please all right uh thanks god johnson i like listening to you too oh thanks man uh so much to listen to by the way a quick thanks i'd be remiss if i didn't say this last week we did the kind of special topic about animation software and what's being used today and all that stuff so much feedback for that and not just stuff from through you i got direct feedback from people asking questions wanting to know more and one of the things i noticed is a huge bunch of questions about how i'm actually working in tools like photoshop illustrator kind of the adobe suite and competing apps that sort of thing to create illustration work and that sort of stuff i was surprised how much interest there was so i think sometime in the future either as a little standalone or as part of our main topic we'll delve more into digital tools these days for what artists and technical people are using um but i just wanted to thank everybody for that amazing feedback that was really really great um also god and i are actually talking about figuring out some on the regular kind of special thing for that yeah and it would be a perfect fit for that so um perhaps look forward to that in the near future and we'll let you know also if you'd like to follow more of me and what i'm doing you can find all of my shows at frogpants.com and uh do a live gaming stream now every day about an hour from now is when it starts four o'clock monday through thursday till about 5 30 90 minutes that's mountain time uh i do a gaming stream and don't know what i'm playing yet today because i'm going to take votes and you guys are going to help me pick so anyway check that out frogpants.com or on twitch at frogpants.tv hey thanks to everybody who gives a little value back to this show for the value get back the more of you who help us out at patreon.com slash dts the more we can do like art tech shows with scott johnson so our goal every month and somebody who was like your goal should be bigger but our goal is to get at least one more patron than last month we definitely think we can get more and would like more so uh if you're on the fence and you want to help make a cool new stuff happen we've got a lot of ideas in the works please back us at patreon.com slash dts and huge thanks to everybody who already does and we want to hear from all of you please fill out our latest survey we promise it won't take more than 10 minutes and includes one question about coffee and it is going to help us figure out those cool new things we can do head to dailytechnewshow.com slash survey our email address is feedback dailytechnewshow.com we're live Monday through Friday 4 30 p.m eastern 22 30 utc at alpha geek radio.com and diamond club.tv and our website is dailytechnewshow.com back tomorrow with Justin robert young talk to you then this show is part of the frogpants network get more at frogpants.com good show what should we call it we have uh oh hello again movie pass the buck multi pass wait movie pass setting off echoes world worldwide apple's core content itunes and chill amc will do anything for your love but it won't do movie pass amc will do anything for your love uh cell towers am over past president future amc movie question mark pass exclamation mark ah clever microsoft glad are not quite go not quite coasting to the goal alo and hindi is alo amc passes a movie pass such a dumb comment i apologize it was dumb amc again missing canada oh they what if he takes a pass they don't think they're in canada is why oh well okay we never get shaw down here either i don't know that it seems slightly beside the point yeah slightly i i think silver blade may be canadian that would explain why why would explain silver blade any canadian's probably like and you don't want shaw but it's not a loss i've heard that before well we did have a shaw's but it was a confectionary store it did ice cream i think that's a different company but it's named shaw all right uh billion dollar low ball essentially says essentially we'll ship essentially you know we scott and someone disagree tom is that someone same apple time same apple stream they're trying to do for a while we were trying to do the the format of like you know host says this other host does that yeah i think they're trying to make that happen yeah good luck next time guys good truck silver blade has shaw cable 150 meg down unlimited data so there maybe shaw got bad for silver blade i always heard horror stories about shaw so it's good well he has unlimited i thought all internet plans are capped well maybe there's some secret cap that they haven't enforced yet like comcast did or something or maybe they've changed yeah or maybe they are leading the world now in proper internet maybe they turned over a maple leaf you think kane says his first assignment was shaw air force base you don't want that either no according to him yeah well roger what do you think hmm there's movie past the buck multi-pass wait movie pass i do want uh movie past the bucks is kind of cool yeah movie past the buck seems pretty good movie past the buck i like it the movie no the movie it's about dollar bills it's about responsibility what were you gonna say scott no i was dumb i was thinking the emphasis was on the word buck and then i realized it isn't it's never mind it's kind of about where the buck stops but we're actually talking about passes more than bucks so passing the buck yeah movie past the buck stops with you see that's what my brain just didn't it yeah didn't work that's when we used to allow um male deer and how many points congress it would be off season so no antlers mm okay i don't think he had seasons back then when that phrase was touching man how many votes did the thing go and he said how many points how many points i get it on the bucks i need to hunt more apparently yeah you do get on it here what are you what are you hunting salt lake city uh oh there's so much hunting out here it's ridiculous what's what's the what's the popular ones uh elk um um uh what do you call let's see the other one uh elk quail pheasant um trying to think another big deer thing pronghorn maybe what's another well do you know it's funny is i know all the illinois like it where i grew where i grew up it's deer turkey duck i have no idea in la la i think you hunt agents outside of la the so cal air you hunt deer bore bore okay all right yeah wild boar i don't think there's a limit on that but you still need a permit it's a big deal the um they're pretty tasty but man are they they all over the place make sure they don't get underfoot i always get elk derky derky jerky out so so yesterday i told you to make sure to put yourself in the lineup so i'll forget won't forget to introduce you today you put yourself in the lineup and then i forgot to introduce you roger so we'll work on that i'll get better i promise oh yeah i was gonna ask him i wondered i just forgot all right because you were doing it last weekend yeah that's all i forgot all right it's all right i understand i know i know how it works i know how it works i gotta start paying attention to the blue text sharks la roman says uh if we hunt sharks in california sharks you should introduce them is it more like you fish for sharks and even then it's like the little lemon sharks no you fight sharks yeah fight them in the water because that's where they are until they become land sharks you're that clever land shark you're not i'm really a porpoise oh okay on porpoise on porpoise yes and i'll skit land shark kandagram shark nido that was a weird if my weird it was one of those weird movies that became so well we're now for being as crappy as it was that they've made five of them now yes like i it's like i guess i guess people are generating enough money off don't forget it was on you know it's kind of on purpose like it was camp we're making camp so here's some camp but it's not even it's like it's even below camp it's just it's just bad it's like plan planet nine or plan nine from outer space that was bad but it was campy because they played it straight but when you try to play it funny and it's still crappy it's just i don't know i'm sure the first one was fine but actually no it wasn't it's kind of weird because for the longest time i thought sci-fi just wanted to do their own kind of godzilla king kong thing oh lemar wilson on twitter i just noticed this says i used movie pass for three months when it was $50 a month imagine how quickly i canceled and moved to the new $10 a month plan i wonder the the website's down everybody's probably doing that this isn't a startup all of that revenue changes even for people that's just i'm not so sure amc's totally crazy here i think we might be onto something that's a mean i first i was a little puzzled i'm like yeah but you're still getting the money and if this makes more people show up you get the same ticket revenue and you get more concessions so why wouldn't you support it and i'm guessing that's why they supported it at the higher subscription levels but the more i think about it the more i realized this puts a general price pressure if people get used to paying ten dollars then the people who aren't subscribing are going to start expecting you know or might stop going i don't know uh or this company goes out of business because they can't sustain the ten dollar a month thing and then everybody's like well i'm not paying that much now because i'm used to only paying ten dollars a month like it could have some bad medium term effects yeah i agree i'm super curious about it and i'm i'm i'm guessing movie pass is like we're not going to keep it at this rate forever we just really need to do this please be on board because yeah i mean we all know the theaters make their money off the concessions yeah they even say that but they won't if if if if the price of the ticket didn't matter at all they wouldn't charge you anything for it right yeah exactly if that was already a thing they would have been doing it i agree i don't understand is and and actually some of the deals may be structured where the studio requires a ticket price right they may not have any price flexibility yeah that's true entirely true just let me watch it at home see this is the problem i gotta combat that yeah because you're right that's how i feel 90 of the time you know i think better food if you want people to pay money at the concession stands you get real hot dogs not that warmed over reheated three times let me tell you for me and people's complain about the other concessions aren't that good that concessions are great at a lot of the theaters in la now roger i don't think you go to movies very often because the concessions are way better than they used to be but that's not even the issue people talking to movies not the issue for me anyway and i have a wife who works at fandango so we get deals let me just say uh it's not even about the price it's about the time it takes yeah movies being three hours i gotta drive 15 maybe 20 minutes to get to any theater and then i gotta park all of a sudden this is like a this is turned into a you know four-hour proposition maybe five in some cases i don't have time for that whereas on my couch like roger's saying i just turn it on and if i have to be interrupted pause and come back later yeah i would even pay the same actually i would pay the same price like say it's it's it's um i don't know how much is an average non matinee take it now 10 bucks 15 bucks see a movie for an adult like if you let's just say i could pay 20 bucks i could watch a first one movie at home i would pay that because there's just so many things i wouldn't have to do to get go and see the movie and one of the things that's kind of weird is that movie theaters aren't as convenient as they used to be parking getting in line oh yeah it's just dude i live five minutes from a huge movie theater the nerd tackler one we used to use to all right yeah i have five minutes down the road from that you and i've been down there because we had lunch down in that area sure and i've been doing to see the warcraft movie it couldn't be more yeah but it couldn't be more convenient for me and i still have to each time where there's like a minute i really want to see this one or not i could wait for you know should i wait for streaming or video like even then it's not convenient i use this as an example like so remember when second run theaters were a thing where they would just show all the movies that used to be big like six months earlier but they've they're in a smaller theater and you pay a dollar theaters yeah yeah and so i used to hit those all the time when i was in college not because you know it was it was convenient it was actually very far away but it was just i could go there watch a movie and leave like it was just very very simple because it wasn't crowded yeah well it's just yeah it wasn't it wasn't just wasn't crowded it's just there was no stress about getting it i didn't have to worry about getting in line and finding a good scene well assigned seats have gotten rid of a lot of that i don't have that stress anymore either because you you have an assigned seat and you know what the big one was they didn't run as many trailers they ran one and then they would that's another thing that extends the amount of time you're sitting there uh we went to see what did we go see we said we saw dunkirk this weekend it was comical how many trailers and i love trailers but i was like wow are we ever going to get to see the movie it was 15 minutes of trailers i was we literally i we got in there my friend and i and we watched we sat down the lights dimmed they had one thing um kind of some weird not weird but some sort of ps a they ran like a trailer for another movie they were playing in the theater and then it was the movie yeah i mean that was how long ago though too oh yeah i was back in like the early 2000s but we you know they didn't show as many trailers anywhere back then so it's just it just seems like it's a spectacle that you don't want to be a part of because it's so time consuming it's like i get it i know these movies are coming out i already watch these trailers because they're on youtube i will pick movies sometimes simply because i know it's going to be easier to get in and out yeah rather than because i want to like if there's a few different movies i want to get i want to see i won't i won't decide to one on the content i'll be like oh well amc dine in theater you know it will actually be a little easier to get in and out of right now than the cinemark cinemark used to be the easy one but now i've already discovered that sentry city who man that one's always a problem oh so this is the other thing i realized a lot of the big google plexus or google plexus synoplexus they require a hike to get to the actual theater like even if you're at the even if you park at the front and you go through the front door it's kind of a height to get to that you gotta go well that's sentry city where you have to know the right garage or else you're walking forever to get to the theater absolutely one theater is just i'd park by the door and there were like three screens it would be like abc okay i go to the far right den yeah man i used to go to the bond theater in greenville growing up you just parked on the street right angle park right in front of the theater walk in and buy a ticket i kind of miss i kind of miss drivins too yeah i do a little bit i don't miss them too much though well yeah i mean they were great if you're on a date i saw star wars in a double feature with grizzly adams had a driving theater star wars grizzly adams yeah grizzly star wars what did they have in common other than they came out in the 70s my one that that they were out that weekend that's what that's what they had in common and they were both family friendly right there you go it was the family friendly double feature that's hilarious yeah i forgot they made a movie i thought it was just a tv show oh yeah we love grizzly adams who's the one was the one gentle ben yeah that bear was from beaver utah utah connection totally utah connection yep and he was gentle stuff that bear before he died so that same bear was in grizzly adams or no yeah yep because before i remembered someone telling me it's like you see all those animals in movies that generally are the same animal actors yeah i even worked with one of the famous bears at and by bear i literally mean a animal the bear uh at youtube space they brought a bear in for something and she was like oh and then then she kept noticing every movie she's like oh look that's so it's on the back can't remember the name of it anymore but so and so the bear they have a muzzle on it man was hopefully it was just a black bear on a brown yeah it was a black bear i think i don't know you'd have to ask her always there are always black bears i think no grizzly ad or gentle ben was like a brown bear brown bear man if they get pissed they're your options for controlling the adult are very few hmm they were like three or four lassie dogs yeah there was uh how many flip i think there was a couple of flippers there was god says what so every bear looks the same to you all well if it's the actually the same bear yes the same bear if it's literally the same bear although i found out recently that the mgm line was like what five for seven different lines really years yeah i didn't know that i would assume that was well i mean i know there's been more modern takes on that logo what was it where is there was one of the movies where they filmed it going rar and in some front of the words mgm and everything and then the camera slowly pans around the side and you see it's a uh lion with his face in a cart in a cut out uh-huh what movie was oh um was that roger no wasn't it um strange brew with was that was that in was that in brian if it's quiz at nardacular it's it might have been but it's actually with you're right i remember that one like hey yo hey look hey this is a lion totally that's such a hoser movie it's the best i love it but it's so dumb all right uh well you know it's not dumb the fact that we have published the show not dumb at all yeah all right folks thank you for watching and supporting the show and we will be back once again tomorrow


here in order to account for that 170 difference now Ultimately that 170 difference is going to be split between the capital accounts But I'm first going to record it as we generally would record it in a normal transaction And that is that we would have a gain or loss on the transaction in this case We have a gain so the gain represented by by brackets We had a loss it would be it would be a debit balance if we have a gain It's going to be a credit balance We're going to have a gain here because of course the cash was bigger than the inventory was on the books for So that's going to go to this account gain or loss I'm going to copy that on the sale copy that put that in j6 right click and paste it one two three And then I'm going to call this the plug formula. I could just type it in there It's going to be a credit of 170 But I'm going to do it with what I call a plug formula and that's going to be instead of equals It's going to be the negative sum of The 700 I highlight this whole square. So It's going to be the 700 minus the 530 then we're going to say that take that and multiply times negative one meaning flip the sign so that we have 170 we can also see it this way if I add up these two now we have the 700 on the credit side 700 on the debit side if we were to take the debits Minus the credits they add up to zero All right, let's post this out and see if it does what we think it should do And of course, what do we think it should do the cash should go up The inventory should go to zero and then we're going to post the difference to the gain Which will have an effect on the income Okay, so we're going to go to the p4 and we're going to post this We're going to see what happens from the beginning to the ending balance in this section So we're going to say this equals and point to this 700 000. That's a debit This is a debit. It's going to make the debits go up in the debit direction And put us out of bounds by the 700 then we're going to go to p5 or in p5 We're going to say equals point to the 530. This is a debit. That's a credit. They are opposites. Therefore, this is going to go down to zero And then we're out of bounds by the 170, which will be the gain or loss So we're going to go to p12 And we're going to say equals and point to this 170 Which is a gain and that will increase this to 170 put us back in bounds put net income up net income Is going up and that that is represented by a credit credits are kind of like good on the income statement meaning It's a gain not a loss Now the next step on this is that remember over here we allocated this information to the capital accounts So now this is kind of like the closing process. We're going to talk about here And we're instead of closing it out to the income summary and whatnot We're just going to close this gain now out to the capital accounts Here in accordance to their profit sharing Here, so we're going to close this gain out. So this gain has a credit We need to make it go to zero. How do we make something go down? We do the opposite thing to it, which in this case would be a debit So I'm going to copy that and right click and copy that Skip a line for a new journal entry. The debit will go on tops. We'll put that right here in cell j8 Right click and paste one two three All right, the debit is going to be for 170,000. That's what we need to make this go to zero Then we're going to need a credit of 170. What are we going to credit the capital accounts? We're going to credit the capital accounts in accordance with their profit sharing percentage over here So we're going to have to copy these i'm going to copy these capital accounts And of course, what is that going to do to the capital accounts? It's going to increase the capital accounts We're going to credit them making them go up because we're going to do the same thing to them Which makes sense because this is of course a gain Which will increase the amount that is o2 the owners being the capital accounts So we will copy these I highlight all three of them highlight all three right click and copy And I'm going to paste them right here paste them in j9 right click and paste one two three We're in the credit side now. We could just list these numbers the 85 the 56 the 28 33 I'm going to recalculate them just so we can see the calculation one more time So the calculation would be I'm going to say a negative to make it a credit and then point to this 170 We need that 170 to be allocated Times in the case in the case of the case capital count times this 50 percent And entered so it's the 170 times that 50 and I'm going to do the same for c negative instead of equals to make it a bracketed number negative of this 170 times and then I'm going to point to this point this 33.33 And enter and once again note that that number will be slightly different if we did it on a calculator So we want to point to this cell because that cell really has two over three plus two plus one two over six not 33.33 because it's really 33.3333 So then we're going to be down here in l 11 and we're going to say negative and point to the 170 times and then pointing to this 16.67 for m And let's see if that did what we think it should do the credits add up to the debits the credits add up to 170 which equals the debits that's good We highlight all of them the debits and the credit that means then that the debits of minus the credits are now Zero which that's good. That means that they're equal. Okay. So let's post this out then We're going to post the gain to the gain. So we're going to post the gain down here We're going to post it to the blue area. There's already something in there Therefore what we're going to do is double click on that and go to the end of it I can see of course that this gain account is there. I'm going to go to the end I'm always going to select plus when we post to this trial balance section Then we'll post this 170. That's a credit. This is a debit. Those are opposites going to make this go down to zero Which is what we wanted to happen now. We're out of balance here We're then going to post these to the capital counts, which will increase the capital counts We'll start out with K's capital count. Here's K's capital account. Here's what we're going to post it in sell p7 Equals and we're going to post this 85 credit. That's a credit. This is a credit It's going to make the credit go up in the credit direction Then we're going to go to p8 same thing. We're going to say this equals And we're going to post this C's capital account and post the number 56 6 6 7 That's a credit. This is the credit it's going to make the credit go up in the credit direction And we're going to do this one more time. We've got m's the last one. M is here We're going to post it to the blue section in p9. We're going to say this equals Point to the 28333 That'll bring the capital account up and put us back in balance So now we've basically closed out net income And posted it to the capital account. These are new capital account balances represented in the trial balance And these are the capital account balances represent in our little worksheet over here So now we've sold the inventory the next step again before we start paying off the capital account balances We probably want to pay off the liabilities first So we'd like to pay off the third parties Then we'll be left with just cash and capital accounts And we'll just be able to pay off the capital accounts at that point So now we would like to pay off the accounts payable So i'm going to do that with the worksheet first and again, some people like the worksheet better Some people like to think about it in terms of the trial balance We'll look at it in both these ways But if we look at this worksheet, we see that we have 240 In terms of payables, we're going to pay that off. That needs to go to zero So i'm going to say this is going to go down by 240. We're going to pay off the liabilities What are we going to pay it with? We're going to pay it with cash So we're going to go over to the cash here and we're going to say this is going to go down by 240 So there we have this and notice what we're looking at. We're just looking at this line. This is where we're at I'm not worried about any of this stuff up here. That's hit. That's in the past. We're on this balance We're going to record this activity And then we'll bring the new balance down here That's not a shoe or anything. It's the new balance that we have on our Worksheet. Okay, so that means that the cash is going to go down from the 8 8 2 5 minus the 240 So let's do that. This equals the 8 8 2 5 And i'm going to say plus The 240 why? Because we put the 240 in here or i did as a negative number Therefore it's going to be this plus a negative number And if that's confusing just note that obviously if we went the wrong way if i delete that and i said this equals This minus the 240 Then it's going to come up to Something that doesn't make any sense that what went up. I wanted it to go down So that means well, we went the wrong way So i'm going to delete that and i'm going to say this equals the 8 8 2 5 Plus the negative that's in there 240 And that will make it go down. So that looks that looks reasonable because it went from Went down, which is what we wanted. So then we're going to go over here and do the same thing There's not any inventory at this time. We know that the accounts payable same thing. So liability went from here plus This number of which is a negative and therefore took it down There will be no effect on the capital count. So we're just going to bring down the capital counts capital count still is this number For k capital count still is this number for c And the capital count for m is still this number of the 195 333 So there we have this let's do that same information in terms of the trial balance and a Journal entry. So note, we're going to do the same thing again A lot of people like me like would rather think through this in terms of a trial balance rather than The worksheet because we can see here what what we're going to have happen and go through basically our list of questions First question is we can think about is cash affected in this transaction. Yeah cash is affected. We're paying cash In order to pay off the accounts payable. So we're paying the liabilities Therefore cash needs to go down Cash has a debit balance represented by the fact that it does not have brackets around it How do we make it go down? We do the opposite thing to it as what it is. So that's a debit We're going to credit cash. So I'm going to copy that I'm going to skip a line So it's on a new entry and I'm going to skip another line because I want the cash or the credit to be on the bottom So we're now in j 14 Right click and paste 1 2 3 Then we're going to go to the credit side. So we're in l 14 And the credit will be for the cash that we paid of the 240. That's how much we owed in the liabilities we're going to say negative or negative right 240 Thousand to represent the credit and there we have that then we're going to debit Something of course and the thing that we are going to debit will be the accounts payable Why because we're paying it off and we can see that accounts payable has a credit balance in it And we need to make it go down. Therefore, we're going to do the opposite thing to it Which will be a debit. So we're going to debit accounts payable I'm going to right click on a copy of the accounts payable. I'm going to put that in cell j 13 Right click and paste it 1 2 3 And that will be for the 240 All right, let's post this out and see if it does what we expect it to do What do we expect it to do? Well, I think the accounts payable should go down to zero because we paid it off And then the cash will go down by the amount that we paid off for the accounts payable bean 240 All right, so let's do that. So accounts payable is the first account. Here's accounts payable We're going to post that to the accounts payable in the blue section. So we are in p 6 We're going to say that equals we're going to point to the 240 So we have the credit and then minus the debit will bring the balance down to Zero and now of course we're out of balance Now we're going to post the cash on the credit side to the cash here in the entries section So I'm going to double click on that go to the end of it. We can see the other cash account that is in there We're going to say plus and then point to this amount here, which is negative or in brackets for excel That's a credit. This is a debit. Those are opposites. It's going to make the cash go down And that puts us back in balance here. So we can see the same information that we have here. We've got the cash of 6425 6425 Then the capital counts of these respectively for kc and m and we have those amounts here Here so we are tied out with both trial balance and in terms of the worksheet And now we now we can finally pay off these partners that keep on asking us to pay them off Because now we have cash of 6425 and we simply have uh capital accounts now that add up to 6425 So now it is safe for us to take that money pay off the partners because uh, we're not going to run into the problem of Coming up short because of the sale of the inventory not matching or something like that Therefore we can do that first with a worksheet. So if we go to the worksheet over here, we're going to say, okay The uh cash is going to go completely down. We're going to pay all of it off. So I'm going to say negative 6425 And we're going to reduce the capital counts by what is in there. So we owe K the same 178 thousand we all see 269 167 we owe m 195 333 and we should end up with zeros at the end of the day Also want to note that uh many times when we think of these capital accounts It gets really easy for us to start thinking that the capital account balance should always be in proportion to the ratios for profit sharing That's not going to be the case that the capital accounts Will not generally match the profit sharing because the profit sharing is based on How much should be allocated For profit and loss. However, what's not going to be in That Percentage is the amount of draws. So partners do not have to draw money Out in accordance with the profit sharing. So some partners may draw out more or less and therefore The capital accounts will not be in relation to The ratio necessarily most likely not But the uh income allocation will be in in this format So note that just be aware of that. That's a common question that comes up So then we're going to of course have the 642 5 plus the 642 5 once again This is this plus a negative number, which makes it go down to zero And if we'll do that all the way across it's going to be the 178 plus this number, which is a negative making it go down to Zero and obviously if it if it went up and doubled itself, we know we went the wrong way So then we're going to do the same thing here. This equals this number plus this negative number makes it go down to Zero and then this equals i'm going to i'm hitting plus instead of equals That sometimes is a little bit faster if you want to because if you have a 10 key on the side Plus will also do a formula. So you can say this number plus this number and enter all right, so we're going to do that same thing in terms of A trial balance and once again, I tend to prefer the trial balance. I can see what's in the trial balance right now I've got cash and I've got capital accounts and we can answer our question. Well, what's going to happen to cash is cash affected Yeah, we're paying cash.  We're going to pay all the cash out to the owners of the Partnership so cash has a debit balance. We need to make it go down to zero How do we make it go down? We do the opposite thing to it which in this case would be a credit So i'm going to copy in for copy that and i'm going to try to put it on the bottom Which is a bit of a guessing game, but i'm going to say we're going to skip a line And then we have three Capital accounts that are going to go on top. So i'm going to skip a one two three more lines And then I think it should be right here down in j 19 In order to put it on the bottom and once you can put it on the bottom It's just a convention It doesn't really have to be that way if we put the debit if we put the credit on top Uh, it really wouldn't matter But some people it really Does don't like that and some software if you're using a software in a school or something and they use some type of software That's going to automatically grade it then you could get marked off if you do that But just realize in practice in most accounting software if you put the the debit or credit in a different order Does not always you know, it shouldn't make any any problem and if You are in a complicated journal entry that uh, it's going to be And you're going to go back to it at a later time You may want to put it in whatever order That you would make most sense to you when you go back and audit it But i'm going to put this on the bottom right click and paste it one two three We're going to credit it by The amount that's in there, which is a credit negative six forty two five And then we're going to allocate that to the Partners kc and m in accordance with what is in there So i'm not going to allocate it in accordance to their profit sharing We're just going to pay off what is in those accounts. We're not allocating net income in this case We're paying off the cash So that that's there's a difference in there when we allocated net income We allocated it based on the income allocation When we pay off the capital accounts They they can draw out whatever they want or whatever the terms are but theoretically they can draw out You know the balance that is in their capital account So i'm going to copy that We're going to paste that right here in j16 right click and paste it one two three And i'm just going to put in there right down the line. We're going to need debits of one seven eight thousand We're going to need a debit for c of 269 167 we need a debit for m of This one nine five three three three All right, so now let's see if we are in balance do our debits equal our credits We're going to add up the debits. I'm just going to highlight them look at the task bar down here 1425 That's what adds up to the credit 1425. We highlight all of them debits minus the credits add up to zero Therefore we are in balance and we could post this out So first we're going to post k's capital account. So here's k's capital account Here's k here And so there is something in it therefore we're going to double click on it I could see what's in there there this account. I'm just going to add to it We're going to go to the end of it say plus and point to this 178. What will happen here? It's going to go down to zero Then we're going to go to the c's capital account. So here's c's capital account. Here's c's capital account Here's what we're going to post it in the blue area. There's something in there already We're going to double click on it go to the end of it and then say plus Then point to this to uh 69 167. That's a debit. This is a credit those are opposites Therefore it's going to make it go down to zero Then we are going to do the same thing for m. Here's m here. Here's where we want to post it There's the posting area. We're going to double click on that go to the end Select plus point to the 195 333. That's a debit. This is a credit therefore But it's going to go down to zero because they are opposites Then we just need to post the cash out. So here's cash Here's cash, we're going to post it in the cash area. So we're going to double click on it We can see a few things in there and so this is in there This is in there. We're on the end of it. We're going to say plus and then point to this 642 5 And enter makes the cash go down to zero So now we have now liquidated the company taking everything from the trial balance down to zero Remember the process of the liquid I did liquidation Will be that we want to sell the assets represented by just inventory in this simplified example Then we want to allocate the gain or loss to the partnership Partners in the partnership and then we want to take that cash that we paid That we got from the sale of the assets pay off the liabilities Then pay the capital accounts. Why do we do it in that order? So that we don't get into a situation where we pay one particular partner And then realize that the inventory is not worth or whatever assets we have is not worth What we thought it was be worth and then get into a sticky situation there


Hello and welcome to the session. Let us understand the following problem today. Let A is equal to matrix 2, 4, 3, 2 and B is equal to matrix 1, 3, minus 2, 5. C is equal to matrix minus 2, 5, 3, 4, 5, B, A. Now let us write the solution given to us as A is equal to matrix 2, 4, 3, 2. B is equal to matrix 1, 3, minus 2, 5. Now since number of columns of B is equal to number of row of A is equal to 2, therefore B, A exist. Now B, A is equal to matrix 1, 3, minus 2, 5, multiplied by matrix 2, 4, 3, 2. Now solving it further which is equal to multiplying first row by first column we get 1 into 2 plus 3 into 3. Now multiplying first row by second column so we get 1 into 4 plus 3 into 2. Now multiplying second row of B by first column of A so we get minus 2 into 2 plus 5 into 3. Now second row by the second column so minus 2 into 4 plus 5 into 2 which is equal to 2 plus 9 4 plus 6 minus 4 plus 15 minus 8 plus 10 which is equal to 11, 10 minus plus 11 plus 2. So hence B, A is equal to 11, 10, 11, 2 which is the required matrix and our answer. I hope you understood the question. Bye and have a nice day.


winter is coming. Coinbase just announced they were laid off 18% of the employees. And Microsoft said they were laid off 1% of employees and some departments go into slow hiring. Meta, Netflix, Apple and all those big tech companies announced that they were street hiring or slow hiring. Including Palaton, they announced they would lay off 2800 employees in total. So these kind of hiring freeze and layoff impact the job market significantly. And for example, some people reject the big tech companies such as Google and decide to join cool companies like Tesla and Tesla decided to rescind their offers due to the latest hiring freeze and layoffs. And then this candidate has to start from scratch again. I know this is a very stressful moment for all of us and emotionally and also physically it's very frustrating. However, believe me there is a way to quickly identify those opportunities and even if companies are freeze hiring or laying off people. All you need to do is know where to find those opportunities and then capture them very precisely. I had personally gone through two recessions or economical downturn. The first one is in 2008 recession. The second one is the beginning of the pandemic that was in April 2020. During these challenging times, most companies laid off their employees of freeze hiring and all of a sudden like 95% of jobs in the market are taken. It's gone like overnight. What makes it even more challenging is that if you're like me on H1B and during that time, even American couldn't find a job, how would international professionals like us being able to land a job? However, I was able to get all of those two economic downturns and recessions much faster and accelerate my career. At the beginning of the pandemic, I was able to land four offers. Results came from the direct product offers and some offers also increased my salary by 40%. In this video, I'm going to share with you the recession proof strategy I had personally used during the past two economic downturns so that you're able to quickly land your dream job offer and continue to accelerate your career. And everything I share with you can be used for non-product management positions as well. So there we'll make sure to take a lot of notes and share this video with everybody who is looking for a job. Hi, this is Dr. Nancy Lee, the founder of Product Manager Accelerator from PMAccelerator.io. I help people transition from worker B to product manager and business leader. If you want to learn the most effective way to become product manager and business leader, you should subscribe to the channel and hit the bell button so that you can notify every time I post a new video every Wednesday. If you like any of the content today, please make sure to hit the like button and share this video so that we're able to impact more people's lives together. First of all, I want to assure you that there's still lots of opportunities and out there, even if at this moment when I film these videos, lots of big tech companies announce free-tiring. For example, just last week, our students already received an offer from Meta and even if Meta recently announced free-tiring or slow-hiring. And within PM Accelerator, we have lots of students every single week learning job offers from Meta, Amazon, Binance, Classic Card, all those hot companies. So I want to use the right strategy to achieve the same result as well. Now, let me share with you how six strategies that helped me and my students learn multiple job offers during the recession. Step number one, soul searching. To be very vulnerable with you guys, it is very stressful, uncomfortable, and getting rejected. And especially knowing the fact that you may stuck in your current role for very long time if you are not able to plan a new job in the coming a few years. So first of all, I want you guys to start to have the right lines and ask you this very honest question. We know that there are potentially some even worse recession coming up. Do you feel comfortable staying in your current role? Or in another word, are you stuck in your current role for another two years? So let's say if you decide not to get a job right now, which is totally fine and lots of people should stay in the current job because there's not many openings anyway. But what if we hit the true recession and then you're not able to find a new job for another two years just because during the recession there won't be any job openings out there? Are you happy in your current role and feel okay to do the same thing for another two years? My answer was no. That was April 2020. I asked myself this very sincere question. Would I feel comfortable staying in Verizon for another two years? The answer was no. Because at the time, I've been a group of manager in Verizon for four years. If I stay in Verizon for another two years, it'll be six years in total. And I would be very old doing the same thing. But I do love the company. I got promoted twice within Verizon. I really love my leadership. Just that I hit the girls plateau, I felt like I was ready to do more and become a director. That's why I made a very bold decision. So I decided to apply for director jobs and out there even if in April 2020, almost all the companies said they're free hiring and no more opportunities out there. But I was so glad I made a very bold decision because the past two years I have significantly accelerated my career, not only become a director product, I was also able to start my own coaching company as well, which is PM Exceditor. So therefore, I want all of you guys to have a soul searching moment with yourself. Would you feel comfortable staying in your current role for another two years if you decide not to look for a job right now? If the answer is no, I need to do something, please see the second step. Step number two is to identify the cash cow business. Cash cow business means that a lot of companies do not depend on the investor's money. They already find product market fit and their customers really love their product. And lots of you guys will like, well, maybe it's so hard to find cash cow businesses. Let me give you some specific examples. Even in the same industry, there are cash cow businesses. There's also some heavy cost businesses. Let's say in crypto space, even if everybody said, well, nobody should touch crypto space right now because Bitcoin, Ethereum, everything is half the price. They are also laying off lots of people such as Coinbase, which is true. But let me give you two different companies as an example. One is Coinbase. The other one is Falcon X. They are competitors of each other. Coinbase announced laying off 18% of the employees. And Falcon X actually just raised another funding round and with evaluation of $8 billion. And they also already made an offer to one of my students. And she's getting paid over half a million dollars at Falcon X. Why the huge differences between two competitors within the same industry? Let me give you analysis from the management perspective because their business model and customer segmentations are significantly different from each other. Coinbase, their major customer segmentations are normal people like us. 80% of the revenue actually come from people like us buying $10,000, $2,000, maybe a few hundred dollars, Ethereum and Bitcoin. That's why they bring a very big superbowl commercial to try normal people like us. But Falcon X on the other hand, they target high-end customers. Those are crypto whales. They already made millions and billions of money during the crypto market. So their goal is either buy more crypto when the Ethereum is half the price or they'll go into sales down as a profit. So each of the transactions they buy and sell crypto is in millions of dollars. And therefore, when recession hit, normal people like us stopped buying Bitcoin and crypto just because we're very scared of the market. 85% of Coinbase revenue is going to get hit dramatically. That's why they start to announce 18% layoffs. On the other hand, Falcon X because they target at high-end customers. And those high-end customers, they already have lots of wealth. So they're less likely to directly stop doing anything about crypto. In contrast, those big wealth probably is going to buy more because a point is half the price right now. Therefore, how Falcon X is able to make the product manager offers and pays my student over half a million dollars. And their service even higher than thing companies such as Google and Meta. Even within the same company, let me help identify the cash cow department. For example, within Amazon Web Services, within Amazon, there are many different product Amazon ramp. But some department within Amazon, they grow in significantly. Some of my students also learn to offer within certain department within Amazon. And their department that continues to grow. And they also told us that and those department will double and triple their size in the upcoming three years. So therefore those department will continue to grow. However, within Amazon, there's some other department they announce free hiring just because they are not the cash cow business within Amazon. So I want you guys to identify those cash cow businesses and cash cow department within different companies and they're still hiring and having lots of people. As I'm filming this video, Amazon's still hiring over 2,000 product managers and Google's still hiring over 200 product managers and Meta's still hiring more than like 400 product managers as we're speaking. So therefore, there's lots of opportunities out there. Let's make sure you use the best strategy Lendos offers. Do you know any cash cow business that's still hiring lots of people? Please make sure to comment in the description of this video so that we can share the news and everybody needs to talk to these companies. Number three, you need to learn how to use networking strategies to plan multiple interviews, especially during a recession. Majority of the rows are filled through referrals and people you know. Especially when there are very few jobs and out there and all of a sudden there's so many candidates because lots of people laid off during the pandemic. So networking is the most effective way to get a resume in front of the hiring managers. For example, when I was looking for direct product offers in April 2020, I was able to identify many opportunities that's not even listed on the website. And lots of opportunities for example, like big tech companies, they don't want to tell them that, hey, I'm hiring product managers in the AI space or ABCD space. They don't want to announce that we want to hire product managers in the AI space or like crypto space on the public internet. Which means in two years or so, you're going to launch another crypto or blockchain related product. Actually it's giving away the strategies, a complete advantage of this company. So therefore, lots of opportunities are not public available on the internet. In this case, they frequently use head counter to find the right target. And actually lots of our students receive those opportunities through head counters and also recruiters contact our students through inbound lead as well. You can learn more regarding how to use LinkedIn strategies and lots of recruiters inbound lead from my student Thomas in this latest interview I just had with him. Step number four is apply in bulk and take massive action. What do I mean by applying in bulk? It's very straightforward. Instead of applying for two jobs and three jobs, maybe 10 jobs each time, what I want you to do is sit in front of a computer and over one weekend apply for 31 jobs and using a networking strategies and using a catered product manager resume. Okay. So my student was able to get nine interviews out of 31 applications plus networking strategies, which is 29% of success using this applying in bulk strategy. So I want you guys to make it happen as well. Of course, besides networking, you need to have the important resume template. So you should go to this website and download your catered product manager template, which has been used by over 7,000 managers out there. Make sure you have your catered product manager resume ready. Step number five is build a product portfolio to highlight your strengths. Product portfolio is a very new concept in the product management space but works extremely well. What is a product portfolio? A product portfolio is a demonstration of your past work and to show that you have product management skills from end to end perspective. And product portfolio should also demonstrate your achievement, your impact to the business to customers so that using the product portfolio, you're able to stand out from all the competitions. I have a specific video talking about how exactly to use product portfolio to learn interviews and a product manager interview. You should watch this video right now. I will also link it in the description of this video. Step number six is get constructive feedback through mock interviews. Now let me emphasize here is constructive feedback. I personally believe that it's not a numbers game. It is a quality game. Now, instead of going out to do like 40 or 30 different kind of mock interviews, I want you to really master what the right way to show customer empathy, what the right way to identify the success metrics of product.  That's the most efficient way for you to grow and learn your next dream PM job offer. And on top of that, you also should use the latest interview questions database to practice with upcoming interviews because it's likely the interview is going to ask the same questions again and again from the same pool of database. If you have upcoming interviews with fan companies, you can download this 50 fan companies interview questions database and use those for mock interviews. Those are latest live interview questions my student has received in this big tech companies. I want you to use them help you to that job offer as well. So you can go to this website and download this 50 questions database. So by now, are you determined to jump start your product management career or jump to a very senior level in different companies? If so, comment down below. I love to hear from you guys. If you like any of the tips I provide today, please make sure you hit the like button, subscribe and share this video with anybody who needs additional help. This is Dr. Nia Sidi. I'm going to see you next time. Bye.