2023 Netflix began when Reed Hastings had to pay a late fee of 40 for an overdue rented video He knew | Assignments Online

Netflix began when Reed Hastings had to pay a late fee of $40 for an  overdue rented video. He knew he could come up with a more profitable  business that would be more enjoyable for the consumer (Funding  Universe, n.d.). Before Jeff Bezos founded Amazon, he was a vice  president at D. E. Shaw, a global investment management firm in New York  City. But he left it all in 1995 to move to Seattle, rent an apartment  for $890 a month, and build his electronic commerce company when the  Internet was just starting to take hold (Brandt, 2011). Looking at such  humble beginnings, it is hard to believe that Hastings and Bezos grew  such influential and recognized businesses. You can even go to the  websites of their respective companies and find their financial  statements to get a better appreciation for the truly impressive growth  of each company.To prepare for Part 3 of your Course Project, locate the  financial statements of both Netflix, Inc., and Amazon.com, Inc., in  the Netflix and Amazon Data Spreadsheet document, located in this week’s  Learning Resources. Isolate their current statements of cash flows.  Analyze these statements and consider how they reflect the current  financial health and sustainability of these companies.Answer the  following questions in a 3- to 4-page paper:Which method did each  company use when calculating the net cash provided by operating  activities? Explain.What was the most significant (i.e., monetarily  largest) item reported by each company in its investing section and in  its financing section?What were these two companies’ trends in terms of  net cash provided by operating activities during this period of time?  What do you think it means for these companies’ sustainability?