Posts Categorized: Uncategorized

Trickle Down Tax Cuts from 2017

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.

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 »

Sitting or Standing at Work?

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According to the Washington Post, a new research study (recently published in the journal Ergonomics) reported that the new standing desks may be bad for your health, since standing at a desk for a prolonged period of time will create “discomfort and deteriorating mental reactiveness.” Questions: 1. What did the Newsweek article about a 12-year… 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 »

Protect what?

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Under Mick Mulvaney, the CFPB, which once was the agency dedicated to preventing banks and credit-card companies from scamming ordinary Americans, now becomes an agency dedicated to protecting potential financial scammers from legal penalties. Questions: 1. Since Mulvaney took over, what has the Bureau done for payday lenders? 2. Since Mulvaney took over, what has… Read more »

Dead or Alive?

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According to Bloomberg and Goldman Sachs Group Inc.’s global head of investment research, the tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse. Questions: 1. What are some of the signs that Steve Strongin notes about cryptocurrencies that worry him? 2. What was Strongin… Read more »

Yummy!

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A team of scientists is hard at work behind the scenes to make meat by developing cell lines of various species of animals. Hampton Creek (now called JUST) is among a handful of startups with the goal of bringing “clean meat” and other cultured animal products into the mainstream. Questions: 1. What is the value… Read more »

Amazon can find you

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Amazon has patented designs for a wristband to be worn by warehouse employees that can precisely track where they are placing their hands and even use vibrations to nudge them in different directions. Questions: 1. What type of tracking is used? 2. What type of security implications do these bracelets have? 3. What was the… 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 »

Amazon Prime Price Increase

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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 »