Posts Categorized: Uncategorized

Don’t order the chicken

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

The first known shipment of cooked chicken from China reached the United States last week, after a very publicized trade deal between the Trump administration and China. But consumer groups and former food-safety officials are warning that the chicken could pose a public health risk. Questions: 1. What are the health risks? 2. What are… Read more »

New Math: 1 + 1 = $455M

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An Ireland-based company, Horizon Pharma, makes a drug called Vimovo. The drug combines the two over-the-counter drugs of Nexium and Aleve and you won’t believe what they charge for it! Questions: 1. According to the article, how much does it cost to buy the new drug. Compare Vimovo’s price to the $40 for a month’s… Read more »

A New Way to Raise Money

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

Interestingly, some entrepreneurs are following a new path, which avoids venture capital pitches or crowd funding. In this quest, before they even have a working product, they are creating their own digital currencies and selling so-called coins on the web, which sometimes raises them tens of millions of dollars in a matter of minutes. Questions:… Read more »

More from the Glass Ceiling…..

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While women account for 57 percent of college enrollees as of the fall of 2016, the most recent data from the Department of Education indicates that they hold close to two-thirds of the $1.34 trillion in outstanding student debt in the U.S.(according to a report released by the non-profit American Association of University Women). Questions:… Read more »

A New Ruling May Have Implications for the Technology Owner and User

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The Supreme Court dealt a blow to patent law use by corporations, saying that companies can only be sued for patent infringement in the places they actually do business. Questions: 1. What was the name of the case and what did it deal with? 2. What is the practical question of the case in reference… Read more »

Transparency Improved or Impeded?

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A little-noticed accounting change is coming down the pike that will have a major impact on business. According to the New York Times, this one has corporate executives up in arms — and scrambling to comply. Questions: 1. What is the title of the new FASB rule? 2. Which equity investments are affected? 3. How… Read more »

Apple Market Capitalization

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

Apple became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. Questions: 1. How much have the iPhone maker’s shares have gained this year? 2. What percentage does Apple make up of the entire S&P 500 .SPX… Read more »

Upside or downside?

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According to the Washington Post, Purdue has acquired the for-profit Kaplan University to extend its reach into online and adult education, which some see as an unusual move for a public institution. Questions: 1. What were the benefits to Purdue of acquiring Kaplan? 2. What are the potential downsides of this acquisition for Purdue? 3…. Read more »

Private Debt Collectors used by the IRS. What could go wrong?

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

According to Slate, last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand. Questions: 1. What is the pleasure that this article is referring to? 2. Has this been… Read more »

$15 minimum wage

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

According to The American Interest, local minimum wage hikes cause restaurants to leave or shut down and deter new ones from entering, according to a new Harvard Business School study of the San Francisco Bay Area restaurant industry that contradicts the orthodox liberal view that steeply raising the cost of unskilled labor will not affect… Read more »