Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Back in 2016, the New York Times called Blue Apron, the meal-delivery service, “the Starbucks of the meal-kit business.” 

Questions:

  1. What are some of the reasons why Blue Apron did not disrupt grocery shopping for overworked millennials?
  2. At one point, how many meals was Blue Apron selling per month?
  3. In 2017, what did Bloomberg call Blue Apron’s IPO and why?

Source:

Crowley, C. (2020) What, Exactly, Is Going on With Blue Apron? The New York Magazine, Feb. 21 (Retrievable online at https://www.grubstreet.com/2020/02/whats-going-on-with-blue-apron.html)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, Amazon has recently responded to the coronovirus crisis by making larger and more frequent orders of Chinese-made products that had already been shipped to the United States, according to company emails and consultants who work with major brands.

Questions:

  1. What midsummer event is Amazon already worried about?
  2. What are some of the hidden supply chain problems?
  3. How have Amazon’s algorithms for supplies changed in recent weeks?
  4. What does Walmart say about the potential effect of the coronovirus on its supplies?

Sources:

Weise, K. and M. Corkery (2020). Clicking Buy on Amazon? It’s Trying to Prevent a Coronavirus Caveat. The New York Times, Feb. 20 (Retrievable online at https://www.nytimes.com/2020/02/20/business/amazon-coronavirus-supplies.html)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Statement Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

The Wall Street Journal reported over the weekend that Intuit is buying the credit score monitoring company Credit Karma for $7.1 billion.

Questions:

  1. What is the merger intended to boost within the Intuit organization?
  2. By how much was the Intuit stock increased at the time of the announcement of Intuit’s quarterly earnings and the word of this merger?
  3. In what areas had Intuit and Credit Karma already been competing?

Source:

Zaveri, P. (2020). Intuit is officially buying credit score company Credit Karma for $7.1 billion, and the stock is spiking. Business Insider.com, Feb. 24 (Retrievable online at https://www.businessinsider.com/intuit-buys-credit-karma-turbotax-ai-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Ryan Fresen is a sneaker reseller who said he brought in around $110,000 in profit in 2019 from the business he runs out of his bedroom.

Questions:

  1. What are key factors in Ryan Fresen’s success?
  2. How does Fresen typically sell his sneakers?
  3. What does Fresen typically use to organize his business?
  4. Has Fresen had his share of fraudulent accounts/transactions?

Source:

Ciment, S. (2020) A 24-year-old entrepreneur who said he made $110,000 reselling sneakers last year revealed his detailed spreadsheet for organizing and growing his business. Business Insider.com, Feb. 17 (Retrievable online at https://www.businessinsider.com/sneaker-reseller-shares-spreadsheet-growing-business-2020-2#fresen-includes-important-basic-information-regarding-the-customer-and-the-person-or-organization-he-purchased-each-pair-of-sneakers-from-1)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

Jeff Bezos announced on Instagram today that he is giving about 7.7% of his $130 billion net worth to launch the Bezos Earth Fund.

Questions:

  1. According to the article, what role did Amazon employees have in this move?
  2. How much in total dollars is he committing?
  3. By 2040, what is Amazon’s pledge?

Source:

Harrington, R. (2020). Jeff Bezos says he’s giving $10 billion — about 7.7% of his net worth — to fight climate change. Business Insider.com, Feb. 17 (https://www.businessinsider.com/jeff-bezos-giving-10-billion-to-fight-climate-change-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Many on Wall Street are betting against AMC Entertainment. Its stock has plunged 75%, erasing nearly $3 billion in market cap.

Questions:

  1. What factors are hurting AMC sales numbers?
  2. Over what period has AMC the drop in sales?
  3. What has happened to the theater chain’s free cash flow and debt?

Source:

Sullivan, C. and A. Morrell. (2020). Wall Street is betting AMC is in a downward spiral. Business Insider.com, Feb. 17 (Retrievable online at https://www.businessinsider.com/amc-entertainment-stock-price-drop-ceo-adam-aron-silver-lake-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to BusinessInsider, apps like Edison, Cleanfox, and Slice are taking your email information and selling it for profit.

Questions:

  1. What type of information are the apps targeting?
  2. What do the third-party companies that buy the data use it for?
  3. Commercial emails in inboxes are scanned for what type of data?

Source:

Holmes, A. (2020). These email apps are scraping information from your inbox and selling the data for a profit. BusinessInsider.com, Feb. 10 (Retrievable online at https://www.businessinsider.com/email-apps-scraping-selling-data-edison-slice-cleanfox-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Elizabeth Finkelstein grew up in a historic home and watched her parents restore it. Now she is turning what she knows (and her passion) into a business.

Questions:

  1. What is the name of her business and what does it do?
  2. What are the 3 tips she gives everyone, who want to follow their passion?
  3. What does Finkelstein say is the key to competing and being a success in social media?

Source:

Brandt, L. (2020). A New York woman turned her passion for old homes into a business that has more than 1 million followers on social media. Here’s how she did it — and her 3 tips for anyone trying to do the same. BusinessInsider.com, Feb. 10. (Retrievable online at https://www.businessinsider.com/how-to-turn-passion-into-job-business-cheap-old-homes-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

The San Francisco-based company that sold most private-label essentials without branding is closing.

Questions:

  1. Why did they decide to close?
  2. Based on the article, how many people were employed at Brandless?
  3. How much did SoftBank invest in this company’s concept?
  4. When did Brandless start selling its products in major retailers’ physical stores instead of online-only?
  5. Why do you think that Brandless’ CEO says that the next great brands of tomorrow will be built from this experience?

Source:

Peterson, H. (2020). The SoftBank-backed company that sold everything for $3 is abruptly shutting down, refusing orders, and laying off employees. BusinessInsider.com, Feb. 10 (Retrievable online at https://www.businessinsider.com/brandless-shutting-down-no-new-orders-2020-2)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Financial Times, Citigroup’s head of high-yield bond trading for Europe, the Middle East, and Africa has been suspended for routinely not paying for food in the company’s cafeteria.

Questions:

  1. How much was the trader routinely making at Citigroup?
  2. Why was Mr. Shah such an important trader for Citigroup?
  3. Who was the other example that the article mentioned?

Source:

Everett, G. (2020) A Citigroup trader making more than $1 million a year has been suspended on allegations of stealing food from the company cafeteria. Market Insider, Feb. 4 (Retrievable online at https://markets.businessinsider.com/news/stocks/citigroup-head-trader-suspended-alleged-stealing-food-cafeteria-fixed-income-2020-2-1028873041)