Johnson & Johnson

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According to Douglas House, a new analysis has been released that shows patients with type 2 diabetes (T2D) that are treated with Johnson & Johnson (JNJ) unit Janssen Pharmaceuticals’ INVOKANA (canagliflozin) experienced significantly less risk of cardiovascular (CV) death or hospitalization for heart failure (HHF). Questions: Based on the data, what is the reduction of… Read more »

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 »

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 »

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 »

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 »

How Can An Extended Shutdown Hurt the Economy?

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According to the New York Times, a partial stop with this shutdown costs the economy productive work time; historical evidence suggests, along with revenue that the federal government collects from daily fees at parks and museums that private-sector companies that contract with the government have their work temporarily disrupted, and travel spending is reduced, affecting… Read more »

Driving a Car in Manhattan may get pricey!

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Under a major proposal prepared for Gov. Andrew M. Cuomo, driving a car into the most congested parts of Manhattan under the new pay-to-drive plan would cost about $11.52. Questions: 1. What are the two goals of the plan? 2. What will trucks and taxis pay? 3. Who originally promoted the plan? 4. How much… Read more »

More on Taxes

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The rush to enact the tax bill was designed to mask — as a break for the middle class — what is, in fact, a $1.4 trillion package of benefits for key donors and lobbyists, the richest members of Congress, President Trump, his family and other families like his. Questions: 1. What was the speed… Read more »

Inequality in Taxes

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Interestingly, in most places, a dollar is a dollar. However, under the new tax plans, that may change. Consider two chefs working side by side for the same catering company, doing the same job, for the same hours and the same money. The only difference is that one is an employee, the other an independent… Read more »