According to the Washington Post, Boeing will halt production of its new 737 MAX commercial jetliner in January 2020. Questions: How long will the production halt last? How many employees will be laid off? How much is it estimated that the entire U.S. gross domestic product for a period this year has been impacted by… Read more »
Posts Categorized: Uncategorized
It’s all in the way you interpret The Community Reinvestment Act
According to BusinessInsider.com, the Trump Administration is pushing for funds meant for low-income neighborhoods to be funneled to the NFL for a new stadium. Questions: Who proposed the rule change and to whom? When was the law or rule passed? What are the pros and cons for putting stadiums in opportunity zones? Do you agree… Read more »
Stealing Streaming
According to the Washington Post, a pair of Las Vegas computer programmers pleaded guilty last week to operating massive unauthorized streaming services that authorities say rivaled the libraries of Netflix, Amazon Prime and Hulu and cost copyright owners millions. QUESTIONS; 1. How did the two men steal these amounts of money? 2. What was iStreamitAll’s… Read more »
Jay-Z settlement prior to fraud charges
According to Accounting Today, the founder of apparel licenser Iconix Brand Group, which last month settled a high-profile dispute with the rapper Jay-Z, was charged by federal prosecutors with inflating the company’s revenue and earnings. Questions: Who was named in the indictment? What are their roles in the investigation? How much was the civil settlement… Read more »
A Long Time Coming
According to Business Wire, BDO USA has appointed its first woman chair of the Board. Questions: Who is this woman and how long has she been in the accounting profession? In what primary areas of accounting has she worked? When did she take over this post as chairperson? Source: Business Wire Staff. (2019). BDO USA,… Read more »
Trouble in the Repo Market
According to the Bank for International Settlements, the Financial Times reports that turmoil in the repo market was fueled by hedge funds need to borrow cash in order to drive returns on trades. Questions: What is the Repo market? Why is the pullback by bank lending a bad sign? Explain the increasingly popular hedge fund… Read more »
What is the Polestar 1?
The Polestar 1 is a 619-horsepower, high-performance, high-priced, gas-hybrid grand-touring car that’s the first vehicle from Volvo’s new stand-alone brand. Questions: Where is the Polestar 1 built? What company bought Volvo from Ford in 2009? Where is this parent company located? What is the exact sticker price of the Polestar 1? Why is the fact that the Polestar… Read more »
Darkness Expands
Kroger, one of the largest supermarket chains, is partnering with an Indianapolis startup called ClusterTruck in order to open delivery-only kitchens, known as “dark” or “ghost” kitchens in Indianapolis, Columbus, and Denver. Questions: What is the new Kroger concept called? Who do they see as their competitors and their advantage over competitors? According to the… Read more »
The Last Act
After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »
Falsified Data
According to the Associated Press, an investigation showed that the Kansas City School District falsified attendance data for three years in a bid to regain full accreditation from the state. Questions: 1. What was the result of overreporting attendance? 2. How many officials were involved in the 3-year scam from 2013 to 2016? 3. How… Read more »