Posts Categorized: Advanced Accounting

Repealing an effective policy without immediate replacement? Good idea?

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In June, the secretary of education, Betsy DeVos, announced plans to dismantle a set of Obama-era policies devised to protect students and taxpayers from predatory for-profit colleges. However, data released in the final days of the previous administration shows that the existing rules were more effective at shutting down bad college programs than even the… Read more »

The new CFPB rule

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On July 10, the Consumer Financial Protection Bureau (CFPB) issued a controversial rule to prevent companies from using arbitration clauses to stop litigation over customer complaints. Questions: 1. Many of these clauses have been related to credit card or banking customer contracts. If consumers don’t agree with the arbitration, why haven’t they filed class action… Read more »

Don’t order the chicken

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The first known shipment of cooked chicken from China reached the United States last week, after a very publicized trade deal between the Trump administration and China. But consumer groups and former food-safety officials are warning that the chicken could pose a public health risk. Questions: 1. What are the health risks? 2. What are… Read more »

Will this new strategy work?

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McDonald’s stock raced toward an all-time high Monday, June 19. What was the trigger? Wall Street reacted to the news that the burger giant was upgrading its technology, including kiosks, to meet on-demand orders. Questions: 1. Which product has anchored the McDonald’s menu for decades? 2. How is McDonald’s going to change its process of… Read more »

New Math: 1 + 1 = $455M

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An Ireland-based company, Horizon Pharma, makes a drug called Vimovo. The drug combines the two over-the-counter drugs of Nexium and Aleve and you won’t believe what they charge for it! Questions: 1. According to the article, how much does it cost to buy the new drug. Compare Vimovo’s price to the $40 for a month’s… Read more »

A New Way to Raise Money

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Interestingly, some entrepreneurs are following a new path, which avoids venture capital pitches or crowd funding. In this quest, before they even have a working product, they are creating their own digital currencies and selling so-called coins on the web, which sometimes raises them tens of millions of dollars in a matter of minutes. Questions:… Read more »

Not good for Walmart

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A report released Thursday by a workers’ advocacy group says Walmart, the nation’s largest private employer, routinely refuses to accept doctors’ notes, penalizes workers who need to take care of a sick family member and otherwise punishes employees for lawful absences. Questions: 1. According to the accusations, what Acts has Walmart violated? 2. The article… Read more »

More from the Glass Ceiling…..

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While women account for 57 percent of college enrollees as of the fall of 2016, the most recent data from the Department of Education indicates that they hold close to two-thirds of the $1.34 trillion in outstanding student debt in the U.S.(according to a report released by the non-profit American Association of University Women). Questions:… Read more »

A New Ruling May Have Implications for the Technology Owner and User

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The Supreme Court dealt a blow to patent law use by corporations, saying that companies can only be sued for patent infringement in the places they actually do business. Questions: 1. What was the name of the case and what did it deal with? 2. What is the practical question of the case in reference… Read more »

You can’t take it with you!

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While Bloomberg indicates that younger generations aren’t saving enough, older Americans are sitting on top of unprecedented piles of assets built through stock market and real estate booms. Questions: 1. What does a new study find about many U.S. retirees? 2. What are the financial statistics for American households and nonprofits according to the article?… Read more »