Oh the times….they are a changin’

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According to the New York Times, these are the less-than-elegant last days of what, in the days when department stores were destinations, was one of New York City’s most elegant: Lord & Taylor, a fortress on Fifth Avenue. Questions: 1. What was the guilt about? 2. Was the article really about the store? 3. What… Read more »

Costs versus Care

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According to Boing-Boing.net, sleep apnea, which is a fast-growing health complaint among Americans, has triggered a set of deceptive and unethical measures by US health insurers to shift the cost of CPAP machines through price gouging to the people who must use them to remain healthy. Questions: 1. Calculate the percentage of the transaction that… Read more »

More Greed and Graft

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According to the Washington Post, what started as an antitrust lawsuit brought by states over just two drugs in 2016 has exploded into an investigation of alleged price-fixing involving at least 16 companies and 300 drugs. Questions: 1. What was the “shorthand” between executives used for? Give an example. 2. According to the article, who… Read more »

A Sad Day for Dividend Income Stocks

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Last week signaled a sad turn for the “widows and orphans” stocks — classic income providers that were once bread-and-butter favorites of investors. Questions: 1. Why was it a sad time for “widows and orphans” stocks? 2. What did Anheuser-Busch do that also signaled bad times? 3. Why does dividend income matter? 4. How many… Read more »

Food Fight

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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 »

Tough Times for the IRS

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

Audits and criminal referrals are down sharply by the IRS since Congress cut the tax agency’s budget and management changed priorities. Questions: 1. How many cases did the IRS’s criminal division bring last year? 2. How many cases did the IRS’s criminal division bring in 2010? 3. According to the IRS’s estimates, how much in… Read more »

Time to get ready for the Holidays! You can’t start too early!

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While it’s only September, holiday hiring is ramping up! With historically low unemployment rates plus projections of record-breaking holiday sales, retailers, from major chains to small businesses, are being forced to offer higher pay, catchier perks, and other discounts to attract temporary holiday workers. Questions: 1. What are some of the perks that retailers are… Read more »

Uber and Lyft to the Rescue

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This article talks about the cost of an ambulance ride. With ride-hailing services like Uber or Lyft far cheaper and now available within minutes in many areas, it shows how a significant amount of money for non-emergency situation would be better served using an Uber or a Lyft. Questions: 1. How much was spent in… Read more »

The New Twist in Airline Rates

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While the list of things not included with your plane ticket seems to be constantly growing, there is a new twist in ticket rates. As if it isn’t becoming difficult enough, now some airlines have started bidding sites for seat upgrades! Questions: 1. What are the extra fees associated with airline transportation called? 2. What… Read more »