Posts Categorized: Ethical Dilemma

Deceptive Practices

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Progressive Leasing, which offers rent-to-own programs at major retailers like Best Buy and Lowe’s, has agreed to pay $175 million to settle allegations it misled consumers, the Federal Trade Commission said Monday. Questions: What trade violations did the complaint allege? Why did FTC Commissioner Rebecca Kelly Slaughter say that the settlement did not go far… Read more »

Shake Shack

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, Video Updates.

The fast-food chain, Shake Shack, was among the businesses criticized for accessing emergency funds for small businesses from the U.S. federal government. Questions: What is the stimulus money to be used for? What has been the controversy associated with the funds? Why did the chain decide to return the loan money? Source: Ramzy, A. (2020)…. Read more »

Don’t Delay Reporting to Federal Officials

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According to the Washington Post, The Life Care Center of Kirkland in Washington State failed to report an outbreak of respiratory illness to local authorities for two weeks as required by law under Medicare and Medicaid, which led to 40 COVID-19 deaths at the nursing home. Questions: How much is the per-day civil penalty levied… Read more »

Sad…..

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As the coronavirus pandemic is affecting jobs across the country, ZipRecruiter announced that it will be cutting a large amount of jobs. Questions How much of its workforce is ZipRecruiter cutting? Discuss the timing and why this is so ironic? Where is ZipRecruiter headquartered? Source Morris, M. (2020). $1.5 BILLION ZipRecruiter just laid off hundreds… Read more »

Who can you trust?

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According to the New York Times, L Brands (the parent company for Victoria’s Secret and Bed, Bath & Beyond) has somehow avoided the messy board scrutiny of cronyism and time devoted to gender misconduct and sexual harassment training. Instead, the company has focused on the practice of retaliation against those alleging sexual harassment complaints. Questions:… Read more »

Barista Class a Hit

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According to the New York Times, a barista class program started in 2017 at the island’s women’s facility was such a hit that the New York City Department of Correction (Rikers Island) expanded it to include 18-to-24-year-olds and convicted adult men.  Questions: How long is the class? What is the purpose of the class? Each… Read more »

Ghosn Update

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According to the New York Times, Carlos Ghosn, former automobile CEO who proclaims his innocence, was aided in his escape from Japan by an American security consultant on a Turkish chartered jet. Questions: Who was the American security consultant? How did MNG Jet, the charter company, allow Ghosn on the plane? After Ghosn got to… Read more »

Is Paid Family Leave Evolving?

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The U.S. remains the only industrialized country that doesn’t guarantee workers paid family leave. Questions: What pressures on U.S. employers are causing them to expand benefits in order to attract and retain workers? What are some of the increasing trends to cover things that plague families beyond parental leave? According to the Bureau of Labor… Read more »

A $3.4 Million Loss To Keep Things Quiet

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After Bishop Michael J. Bransfield was banished from his post as head of the Catholic Church in West Virginia, the church-owned residence he had lived in was put up for sale. Questions: Why do you think the diocese was willing to take a $3.4 Million Loss? Why do you think that the diocese did not… Read more »

$420 a reality

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Elon Musk has implied that the $420 stock price he floated for taking Tesla private was not a covert reference to weed, contrary to widespread speculation. Questions: What number is a widely recognized coded reference to marijuana and why? Which media outlet interviewed Elon Musk when he mentioned the 420? Based on past news items… Read more »