Helping with the Rent?

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.

Almost half of people in their early 20s have a secret, one they don’t usually share even with friends: Their parents help them pay the rent. Questions: 1. What is the average amount that about 40% of 22, 23, and 24 year-olds receive from their parents, to help with the rent? 2. How do career… Read more »

Election Day A Holiday?

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.

According to this article, lawmakers in California have introduced a bill into the State Assembly aimed at increasing voter turnout by making Election Day a paid holiday. Questions: 1. What would be the costs of this bill? Also provide any accounting journal entries that might be required. 2. What would be the benefits of this… Read more »

Denied Healthcare Coverage? Maybe you should check with your FitBit?

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

Healthcare companies have increasingly offered cash promotions and discounts to users who provide their Fitbit data. But could this be used by insurers rather than to improve customer health? Questions: 1. In what types of negative ways could this data be used, according to the article? 2. What issues in Congress could promote the negative… Read more »

If you don’t play, you can’t win!

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It seems as if young Americans are showing less interest in buying lotto tickets than their parents. As a result, lottery officials worry about the odds for future growth. Questions: 1. What is the current trend seen in lottery buying? Include percentages and demographic information quoted in the article. 2. What are the key reasons… Read more »

No more breakfast!

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All-day breakfast is beginning to lose its novelty for McDonald’s Corp. Questions: 1. What happened to last quarter’s domestic same-store sales? 2. In your opinion, what will be McDonald’s next big source of growth? 3. Are the profit potentials the same for McDonald’s globally? Explain. Source: Giammona, C. (2017). McDonald’s All-Day Breakfast Push No Longer… Read more »

Not a good financial plan!

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

Even though Wall Street and the financial press have been harping for decades on the retirement savings crisis, this article provides some additional perspectives. Questions: 1. According to the Manpower Group, what percentage of millennials plan to work until they die (as their solution to retirement)? 2. Why do so many millennials have such a… Read more »

What will be the distributional consequences of this tax overhaul?

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According to Neil Irwin, our current tax system is infinitely complicated and it gives companies incentives to borrow too much money and move operations to countries with lower tax rates. With the House, Senate and presidency all soon to be in Republican hands and with all agreeing that a major tax bill is a top… Read more »

International students save the day at U.S. state universities

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Amid funding shortages, American colleges are turning to international students, who offer a lifeline to cash-strapped U.S. state schools. Questions: 1. How many international students were enrolled in U.S. Universities last year? 2. What percent increase have universities seen in the enrollment of international students since the 2005/2006 school year? 3. Discuss what is happening… Read more »

Who’s Scrooge this year? Ba-Humbug!

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

According to the Washington Post, who sources Senate staffers, the Treasury Department refuses to stop forcing permanently disabled people to pay taxes on student loans that have been canceled, leaving a vulnerable population susceptible to thousands of dollars in charges. Questions: 1. What is the financial problem associated with each dollar forgiven? 2. What is… Read more »