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According to the Washington Post, after more than 45 years, the Cherokee Nation is asking Jeep to rename its top-selling Cherokee and Grand Cherokee vehicles before the next release.

Questions:

  1. What other name changes have been requested for popular products?
  2. What brought about this movement in consumer goods and services?
  3. Was a name other than Cherokee ever used by Jeep? When and why was it changed back?
  4. Do you agree or disagree with the name changes mentioned in the article? Discuss.

Source:

Telford, T. (2021). Cherokee Nation to Jeep: Stop using the tribe’s name. The Washington Post, Feb. 22 (Retrievable online at https://www.washingtonpost.com/business/2021/02/22/cherokee-nation-new-jeep-name/)

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According to the New York Times, Amazon surpasses all largest private employers in adding the number of workers in a single year. Despite this, the costs to workers is not covered by the online giant.

Questions:

  1. Why does the article claim that health benefits and a 401(k) is not enough to compensate employees?
  2. Why was COVID-19 the breaking point toward workers’ rights to unionize?
  3. How many federal investigations have been initiated against Amazon since 2012, including workplace violations?
  4. Do you agree or disagree that Amazon has created a net benefit for Eastvale and its neighboring cities? List and discuss costs and benefits mentioned in the article in order to make your decision. 
  5. Do you think the Alabama movement toward unionization will succeed? Why or why not?
  6. What was the “Make Amazon Pay” coalition?
  7. What was the most interesting thing you learned from this article?

Sources:

Hayasaki, E. (2021). Amazon’s Great Labor Awakening. The New York Times, Feb. 18 (Retrievable online at https://www.nytimes.com/2021/02/18/magazine/amazon-workers-employees-covid-19.html)

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According to the New York Times, due to the pandemic, tedium is reshaping what people buy and how productive they are.

Questions:

  1. What are some of the economic consequences of the pandemic that are noted in the article?
  2. The author of this article describes the pandemic as producing a collective sense of ennui. Define the word ennui.
  3. The author indicated that the GameStop debacle was a sign of boredom. Do you agree? Discuss.
  4. What types of things are stores selling out of during this time and why?
  5. Do you agree or disagree with the last paragraph of the article that “boredom could lead people and businesses to become more creative?” Explain.

Source:

Ember, S. (2021). The Boredom Economy. The New York Times, Feb. 20 (Retrievable online at https://www.nytimes.com/2021/02/20/business/gamestop-investing-economy.html)

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According to the Washington Post, COVID-19 continued to hammer Disney in the final months of 2020, with the company’s revenue dropping 22 percent over the holiday period and a much smaller profit than usual.

Questions

  1. Was the revenue better or worse for October to December 2021 than analysts predicted and by how much?
  2. What was Disney’s bright spot?
  3. What was the drop in Bob Iger’s compensation package (the executive chair of Disney)?

Source

Zeitchick, S. (2021). Disney took in nearly $5 billion less in revenue over the pandemic-riddled holidays. The Washington Post, Feb. 11(Retrievable at https://www.washingtonpost.com/business/2021/02/11/disney-quarterly-results-down/)

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According to The New York Times, North Dakota is part of a new front in the battle over Big Tech and its power. 

Questions\

  1. According to the article, what particular practices of Apple and Google do the provisions of the North Dakota bill focus on?
  2. Why, if the bill fails in North Dakota, will Apple and Google’s fight be far from over?
  3. Why is Teddy Roosevelt mentioned in the article?
  4. Discuss whether you agree with the point that if this bill passes, it will be the beginning of the end of iPhone.  

Source:

Nicas, J. (2021). Big Tech’s Unlikely Next Battleground: North Dakota. The New York Times, Feb. 15 (Retrievable online at https://www.nytimes.com/2021/02/14/technology/north-dakota-tech-apps.html)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post and an SEC report, Tesla has invested  $1.5 billion in bitcoin and plans to start accepting the cryptocurrency as payment in the near future.

Questions:

  1. As a result of Tesla’s announcement, what happened to the price of bitcoins?
  2. Alternatively, did Tesla show as much movement?
  3. How does the price of bitcoins today compare with the price at the beginning of the year?
  4. According to the HSB 2020 survey, what percent of small and midsize American businesses accept cryptocurrency?
  5. Do you think that bitcoin is a gimmick for Tesla? Discuss.

Source:

Telford, T. (2021). Tesla invests $1.5 billion in bitcoin, will start accepting it as payment. The Washington Post, Feb.8,(Retrievable online at https://www.washingtonpost.com/business/2021/02/08/tesla-bitcoin-musk-dogecoin/)

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According to the Washington Post, shoppers who use pay-later options tend to spend more and buy more frequently than those who do not.

Questions:

  1. How much are these buy-now, pay-later services going to grow by 2025?
  2. What national chains now have bi-weekly arrangements with customers for everyday purchases?
  3. Why are consumer protection experts warning against this trend? 

Source:

Bhattarai, A. (2021). Buy now, pay later: New payment options go mainstream during the pandemic. The Washington Post, Feb. 3 (Retrievable online at https://www.washingtonpost.com/road-to-recovery/2021/02/03/pay-later-afterpay-klarna-affirm/)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, businesses across the country may be charging you undisclosed COVID fees.

Questions:

  1. Consumers in how many states have filed complaints with state attorneys general offices regarding undisclosed COVID-related surcharges?
  2. What are these surcharges typically for?
  3. What types of businesses are the worst offenders?
  4. What measures are health insurance providers taking with respect to the charges?
  5. Do you agree that these charges are legal or illegal? Discuss.

Source:

Denham, H. Companies are charging hidden ‘covid fees’ to make up for lost profits. They may be illegal. (2021). The Washington Post, Feb. 5, (Retrievable online https://www.washingtonpost.com/road-to-recovery/2021/02/05/coronavirus-fees-pandemic-business/)

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According to CNBC, JetBlue is revamping its Mint cabin to feature suites with sliding doors.

Questions:

  1. This is JetBlue’s first major redesign since what date?
  2. What type of jet will be equipped with the suites?
  3. How many mint suites will the planes have?
  4. When will the suites debut?

Source:

Josephs, L. (2021). JetBlue reveals suites with sliding doors for London flights. CNBC.com, Feb. 1 (Retrievable online at https://www.cnbc.com/2021/02/01/jetblue-revamps-premium-mint-cabin-suites-london-flights.html)