It’s just for my stockholders

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

Martin Shkreli, a former pharmaceutical executive notorious for increasing the price of Daraprim by 5,000 percent, along with mounting sneering defenses of his actions and even issuing a bounty for one of Hillary Clinton’s hairs, was sentenced to seven years in prison for fraud.   Questions: What had prosecutors sought for a sentence? What had… Read more »

Stepping over a line: Legitimate collection or legal harassment on student loans?

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The agency charged with monitoring such student loan bankruptcy declarations is facing concerns that its tactics have grown ruthless. Bankruptcy experts say that the group is wasting judicial resources because it brings legal challenges to those few who are desperate enough to seek bankruptcy relief. Questions: 1. What is the name of this agency? Which… Read more »

Trickle Down Tax Cuts from 2017

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Berkshire recorded a hefty windfall from the tax bill that Congress passed at the end of last year. Questions: 1. According to the article, the 2017 tax cut was 2/3 of Berkshire Hathaway’s 2017 Earnings. How much were the earnings and how much (in dollars) was the tax cut? 2. In the past, how did… Read more »

Sitting or Standing at Work?

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According to the Washington Post, a new research study (recently published in the journal Ergonomics) reported that the new standing desks may be bad for your health, since standing at a desk for a prolonged period of time will create “discomfort and deteriorating mental reactiveness.” Questions: 1. What did the Newsweek article about a 12-year… Read more »

Inheriting Stuff

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According to the New York Times, baby boomers are growing older and with them comes a growing volume of unwanted keepsakes and family heirlooms; so, too, is the need for a number of delicate conversations about what to do with this stuff. Questions: 1. What type of changes exist as we view the baby boomer… Read more »

The Best Eggs That Silicon Valley Money Can Buy

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According to The Washington Post, Silicon Valley elites are becoming part of the nation’s preeminent local food movement, by owning egg-laying chickens. Having chickens is now on par with driving a Tesla! Questions: 1. What was the most interesting cost that you read about regarding Silicon Valley chickens and all their amenities? 2. What did… Read more »

The Amazon Effect

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According to the New York Times, to create a Super Bowl snack, their authors bought the same ingredients at a new Whole Foods 365 store and a Walmart. The prices were different and so were the outcomes. Questions: 1. What did the authors want to cook? 2. What was the price difference? 3. Which cooked… Read more »

What was your past salary?

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According to the New York Times, laws prohibiting employers from asking job candidates about their past compensation before making a salary offer are gaining momentum, aimed at reducing pay disparities and other obstacles confronting women and minorities. Questions: 1. What does the article say about the way some researchers see it? 2. What does some… Read more »

No cash allowed

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In Sweden, “No cash accepted” signs are becoming an increasingly common sight in shops and eateries across the country as payments go digital and mobile. Questions: 1. Why is going cashless bad for tax cheats? 2. Why are authorities in Sweden worried about the cashless society? 3. What percent of Swedes never use cash? 4…. Read more »

Protect what?

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Under Mick Mulvaney, the CFPB, which once was the agency dedicated to preventing banks and credit-card companies from scamming ordinary Americans, now becomes an agency dedicated to protecting potential financial scammers from legal penalties. Questions: 1. Since Mulvaney took over, what has the Bureau done for payday lenders? 2. Since Mulvaney took over, what has… Read more »