Just write NM a check

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

According to the Associated Press, a powerful New Mexico regulatory authority is requiring the state’s largest utility to bill Facebook $39 million for a new transmission line construction for its data center — a move the social media giant says it was not expecting. Questions: What is the total cost for the transmission project for… Read more »

Sears Sues

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, Uncategorized, Video Updates.

According to CNN, the remains of defunct Sears Holdings is suing Eddie Lampert, the man who was its previous CEO and primary shareholder, alleging he improperly stripped the company of assets as it hurdled toward bankruptcy. Questions: In addition to Eddie Lampert, who else is named in the suit for the theft of Sears’ assets?… Read more »

Pay for Play

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Yale University has rescinded the admission of a student that officials at the school say was involved in a nationwide college entrance fraud that ensnared 50 people, including Hollywood actresses and CEOs, some of whom have already appeared in court. Questions: To make this scam work, who was “on the take” inside Yale? Who was… Read more »

More fun with intellectual property

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A cloud hangs over the music industry four years after the copyright trial of No. 1 song where writers Robin Thicke and Pharrell Williams, were ordered to pay more than $5 million for copying Marvin Gaye’s disco-era hit “Got to Give It Up.” Questions: According to intellectual property lawyers and music executives interviewed for this… Read more »

Another Walmart PR disaster

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Walmart’s disabled greeters are being replaced by “customer hosts,” with growing responsibilities. Questions: 1. Why has this been such a PR disaster for the company? 2. How many days were the greeters given to find new jobs? 3. What is the new job of “customer hosts” meant to do? 4. What are your thoughts about… Read more »

A Story That will Tug at your Heart Strings!

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In Germany, a family owing a debt had the family dog seized by the city of Ahlen. The City then sold the dog on EBay in order to pay for the debt. Questions: 1. What were the other assets that they considered seizing? 2. Who bought the dog and what was the new owner skeptical… Read more »

Blockbuster Drug

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According to Bloomberg, Novartis AG is preparing for significant demand for its new gene therapy, a potential blockbuster targeting a disease that kills infants. Now the company is looking at the potential for installment payment plans for a treatment that could command a multimillion-dollar price. Questions: 1. At what price does Novartis estimate that the… Read more »

Under Trump Administration, CFPB scraps requirements to ensure that borrowers can cover basic expenses before loans

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According to the Guardian, the Trump administration plans to abolish key parts of an Obama-era rule that was aimed at protecting vulnerable borrowers from amassing untenable debts from payday loans. Questions: 1. How high can the interest rate be from some payday lenders? 2. What is the Trump administration argument for scrapping the basic expense… Read more »

What is More Important? Jobs or Happiness?

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A Finnish nationwide experiment with basic income has not increased employment among those participating in the two-year trial, but their general well-being seems to have increased. Questions: 1. How much did randomly selected, unemployed people aged 25-58 get in tax-free income each month? (U.S. dollars) 2. What were most people worried about related to any… Read more »

Is less better?

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According to Axios, listed companies, who previously provided detailed breakouts of information on earnings reports, are now paring down these disclosures. Questions: 1. What is(are) the reason(s) for this minimalist reporting? 2. What changes did Ford Motors make and what may be a reason for this? 3. Companies say the old metrics are less appropriate… Read more »