Look at Carvana Stock Surge!

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According to theStreet.com, Carvana stock surged as much as 33% today! But why? Questions: 1. What do some traders speculate that the change is due to? Explain. 2. What happened to Carvana stock in 2022 and why? 3. During the COVID pandemic, how many times did Carvana go into debt? Source: Chang, E. (2023). Carvana… Read more »

Monopoly May End Soon!

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According to the New York Times, the curtain is expected to come down next week on a monopoly for the anti-inflammatory medication, Humira, that has generated $114 billion in revenue for AbbVie just since the end of 2016. Questions: Source: Robbins, R. (2023). How a Drug Company Made $114 Billion by Gaming the U.S. Patent… Read more »

Coinbase Reaches a Settlement with New York Regulators

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According to the New York Times, Coinbase, a publicly traded cryptocurrency trading exchange based in the United States, has reached a settlement with financial regulators in New York. Questions: Source: Goldstein, M. and E. Flitter. (2023). Coinbase Reaches $100 Million Settlement With New York Regulators. The New York Times, Jan. 4 (Retrievable online at https://www.nytimes.com/2023/01/04/business/coinbase-settlement-anti-money-laundering.html)

What Now for Meta?

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, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Meta’s ad practices have been ruled illegal under E.U. law. Questions: Source: Satariano, A. (2023). Meta’s Ad Practices Ruled Illegal Under E.U. Law. The New York Times, Jan. 4 (Retrievable online at https://www.nytimes.com/2023/01/04/technology/meta-facebook-eu-gdpr.html)

No More Free Online Returns?

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According to the Washington Post, the age of free online returns is ending. Questions: What is ” bracketing”? Explain why returns are wasteful from a company’s standpoint. What are the benefits of adding restocking fees? What are the costs of adding restocking fees? Who are companies that help with reverse logistics? Give an example of a… Read more »

A Bad Year for Bonds

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According to the New York Times, although it has been a bad year for bonds, the future appears to be brighter. Questions: Should you buy bonds as a speculative bet for 2023? What did the period from January through October 2022 look like for bonds? What are the long-term prospects for bonds, according to the… Read more »

More Than Three Years of Legal Battles End in Settlement

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According to the Washington Post, Juul Labs, an e-cigarette manufacturer, announced that it reached a settlement with almost 10,000 plaintiffs for 5,000 cases alleging nicotine addiction and other health problems. Questions: Which company partially owns Juul? What long-term health consequences have e-cigarettes been linked to? In September, a lawsuit was brought by 33 U.S. states… Read more »

Is the Bird Really Freed or Just Flying the Coop?

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When Elon Musk took over Twitter on Oct. 27, he declared the “bird” being freed. What a difference less than a month makes! Questions: What are some of the important organizational changes that have happened within the Musk takeover of Twitter over the last three weeks? How much did the acquisition of Twitter cost? With… Read more »

Interesting New Study on Drone Readiness

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According to the Mercatus Center, a nonprofit think tank at George Mason University, a new research study was released on how prepared each state is for commercial drone services.  Questions Arkansas is tied for second with what state as the most drone-friendly state? What were the six drone readiness factors looked at by the study?… Read more »

401(k) Contribution Limits are Jumping

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According to the New York Times, the I.R.S. announced one of its largest increases in decades to caps on retirement contributions, allowing workers with access to the plans to save more. Questions: How much will employees be able to contribute in 2023 to 401 (k) plans? How much are the catch-up contributions for 2023 and… Read more »