Posts Categorized: Intermediate Accounting

Amazon Prime Price Increase

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

Amazon.com Inc (AMZN.O) raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2. Questions: 1. What is the goal of this price increase? 2. When was the last time Amazon raised a Prime rate? 3. What did Amazon’s price increase coincide with? 4. Approximately how many Prime… Read more »

Driving a Car in Manhattan may get pricey!

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

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 »

Time to take a nap!

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

According to the Guardian, more firms are looking into a rested workforce because sleep has an image problem in the business world. Questions 1. What is the definition of sufficient sleep and how do the U.S., U.K, and Japan stack up to this definition> 2. What are some of the reasons for the global sleep-loss… Read more »

Better Late than Never

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

Defense Department Comptroller David Norquist announced that the Department of Defense (DoD) would undergo its first-ever, financial audit beginning this month. Questions: 1. How many auditors will be tasked with spreading out across the department to examine the records? 2. How much in assets is it estimated that the Pentagon has? 3. According to Norquist,… Read more »

A Big Move

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

Investors sent shares in Dollar General higher Thursday after the company announced better-than-expected sales growth and plans to open 900 stores in 2018. Questions: 1. What was the overall strategy of Dollar General in the competitive retail business? 2. What is the future that Dollar General hopes for in opening these new stores? 3. What… Read more »

A Big Shout Out!

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

According to Huffington Post, even though Hurricane Maria destroyed much of the island’s infrastructure in September, forcing TJ Maxx to shutter some stores there, the company has nevertheless been dutifully paying its employees ever since. Questions: 1. How much of the power had been restored to Puerto Rico when this article was written? 2. How… Read more »

Big Deal

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition. Questions: 1. What will Aetna shareholders receive? 2. What will happen to Aetna’s… Read more »

Wanted: Someone to handle my cash

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

Personal assistants are the cash handlers for many celebrities, a job that rarely comes with any sort of Hollywood glamour. Questions: 1. According to the article: “…the longer someone has been famous, the less ________________________. Complete the sentence and discuss the implications. 2. What was the most interesting thing you learned from this article? 3…. Read more »

Program at a Standstill!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Ethical Dilemma, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Mother Jones, in 10 months, the Trump administration has yet to approve a single claim to help defrauded students of such for-profit colleges as Corinthian or ITT. Questions: 1. Who is now calling on the Department of Education to resume helping students who borrowed loans from the fraudulent for-profit colleges? 2. Approximately how… Read more »

Devastating Blow to Graduate Researchers

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

According to the New York TImes, Republicans in the House of Representatives have just passed a tax bill that would devastate graduate research in the United States. Questions: 1. What would be the result if universities try to cover the tuition that will now be taxed for graduate students? 2. How does the American public… Read more »