Avoid the crowds with Black Friday Apps

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.

Questions: 1. What are the benefits of Nifti? 2. What are the benefits of ShopSavvy? 3. Based on the information in this article and video, if you were a brick-and-mortar retailer, what would you do to counteract the convenience of these apps and get more traffic (that translate into higher sales)? 4. From an accounting… Read more »

Black Friday Worries

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According to this article, Black Friday Shoppers are opting out of the usual frenzied shopping day, because stores are diluting its effect with pre-Black Friday deep discounts. Questions: 1. Why did FDR move Thanksgiving? 2. When did Black Friday begin to lose its luster and why? 3. Which of the retailing changes in the article… Read more »

All Day Breakfast

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In an email to franchisees, McDonald’s US President Mike Andres called the all-day breakfast launch a success. However, this article points to a survey of U.S. franchisees that disagree. Questions: 1. Why are McDonald’s franchisees saying that the all-day breakfast launch has been a nightmare? List the reasons and rank them according to your opinion… Read more »

A Solution for Legal Cannabis Cash?

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Of the more than 7,600 banks and credit unions in the U.S., only about 220 accept cannabis cash, according to the Department of the Treasury. Questions: 1. If Anthony Rivera Jr. accomplishes his goal, who will be the bankers for legal cannabis cash? In your opinion, is this a good idea? Why or why not?… Read more »

It’s Too Late for I’m Sorry!

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

Volkswagen shares plunged more than 20 percent on Monday, their biggest one-day fall, after the German carmaker admitted it had rigged emissions tests in the United States, and U.S. authorities said they would widen their probe to other manufacturers. Questions: 1. Briefly explain the emissions data scandal. 2. What was the recent challenge to Volkswagen… Read more »

Buffett’s New Move

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Warren Buffett is paying a hefty price for the biggest bet of his career as his Berkshire Hathaway Inc (BRKa.N) has agreed to buy Precision Castparts Corp (PCP.N), valuing the maker of aerospace and other parts at $32.3 billion. Questions: 1. According to the article, Berkshire’s new deal joins a foray of companies within other… Read more »

Hard Times in TeslaLand? A New Type of Company, for Sure!

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The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. (As an aside:… Read more »

Another Bubble?

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Airbnb’s latest financing round is being led by private equity firm General Atlantic, and includes Hillhouse Capital Group, a Chinese fund manager, and Tiger Global Management, which just led a big $80 million financing for Postmates. The deal is expected to be officially announced today, Monday, June 29. Questions: 1. What is a “private IPO”?… Read more »

When Will They Ever Learn?

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Bank of America (BoA) is in the news again. This time, Bank of America must pay a $30 million fine after a financial regulator found numerous violations related to the accounts of 73,000 military service members. Questions: 1. What actions did the bank take against military service members that were illegal? 2. What steps did… Read more »

The Hidden Costs of Beautiful Nails

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Manicures were once for special occasions only. Now they have become a staple for women across the economic spectrum. With more than 17,000 nail salons in the United States, there are about 2,000 nail salons in New York City alone. This New York Times research article looks at the dirty little secret of exploitation of… Read more »