Trucking company bankruptcies

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 Business Insider, six trucking companies have already folded during 2019. As a result, more than 2500 truckers are unemployed. Questions: Explain the spot market for trucking companies and what has happened to it. What are the trucking companies that have gone bankrupt in 2019 and how many truckers were left unemployed by each… Read more »

Amazon now tackles Beauty Industry

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Managerial Accounting, Uncategorized, Video Updates.

Amazon.com Inc has just unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, and this move is causing the value of shares of other beauty retailers to drop. Questions: Which beauty retailers does the article mention? What will Amazon require for purchase? Do you think this will be a… Read more »

Impending Decision

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

According to the Washington Post, FedEx has decided not to renew an important domestic contract that may affect express delivery of Santa’s presents. Questions: What issue does this decision highlight? What percentage of FedEx’s revenue did Amazon’s business provide? What type of reliance does Amazon have with FedEx? What type of history does Amazon have… Read more »

The U.S. Trend to Ban Cashless Retailers

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

According to Axios, while big chains like Amazon Go, Sweetgreen, and Shake Shack are fast eliminating cash sales, U.S. cities and states are fighting against this trend. Questions: 1. Why are states like New Jersey and cities like Philadelphia banning cashless retailers? 2. What percentage of U.S. sales are made with cash? 3. What is… Read more »

Amazon Air?

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

According to StockNews.com, Amazon is becoming a player in the logistics and shipping industry. Questions: 1. How many planes does Amazon have? 2. Where will its new hub be and how much does it cost? 3. How much did shipping costs increase for Amazon this year? 4. Which airport recently dethroned Atlanta as the top… Read more »

Free Shipping!

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

As Walmart, Target and Amazon launch a price war for merchandise in the weeks before Thanksgiving, they are now wooing customers with the promise of fast, efficient, no-cost shipping. On Monday, Amazon upped the ante by expanding free shipping to all customers through the holidays, with no minimum purchase required. Questions: 1. What do Prime… Read more »

The End is Near

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.

The fall of Sears has been well documented. But who else is feeling the grip of Amazon on their once thriving retail business and who will be next to declare bankruptcy? Questions: 1. According to the article, what is the toxic combination that will take the eight named retail companies out of the game? 2…. Read more »

Food Fight

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.

To keep Amazon at bay and remain the world’s biggest retailer, Walmart is ramping up its groceries and buying trendy digital brands. The retail giant is also redesigning its stores and building up online assets. Questions: 1. What are signs that the plan is working? 2. What is the proximity of most Americans to a… Read more »

Amazon – Only the Best – Coming in stores near you!

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.

Amazon’s latest retail concept looks a lot like your online shopping cart brought to life. It’s a physical store that offers only products with high customer ratings, including non-Amazon-branded merchandise. Items must be a top seller, have a four-star rating or above, or be new and trending on Amazon.com. Questions: 1. How many brick-and-mortar bookstores… Read more »

A Change in the Collection of Sales Tax

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

According to Slate, the Supreme Court dragged a bit of American tax law into the 21st century when they ruled that states could force all online retailers to collect sales taxes, even if they lack a physical presence there. Questions: 1. Do you think the ruling will change buying habits? Explain. 2. What case was… Read more »