Posts Tagged: cash

Huge Merger

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To keep up with the changing technology environment, computer maker Dell will buy the storage provider EMC in a deal worth about $67 billion, the companies announced today, Oct. 12. Questions: 1. What are some of the benefits of the new combined company? 2. How much is Dell going to pay per share of EMC?… Read more »

The Big Wash Machine for Mexican drug cartels

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Turning dirty cash from drug sales into clean, usable currency has become harder for Mexican drug gangs as a result of tighter banking regulations at home and in the U.S. However, the latest money laundering schemes are piggy-backing on cross-border trade. Questions: 1. What is a “suspicious activity report” filed by banks in the U.S…. Read more »

Tax is not so sweet!

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According to the New York Times, a new study indicates how taxes might be used to curb consumption of sugary drinks and suggests that applying a tax based on the amount of calories contained in a serving rather than its size would be more effective. Questions: 1. What are the relationships that the study mentioned… Read more »

Remember: Cash is King!

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According to McClatchy News, one in three buyers of U.S. homes is paying cash, which is a record high number. Florida topped all states for all-cash home sales, at 55 percent of cash sales during the first three months of this year. That’s on a par with 54 percent for all of last year and… Read more »

Catch 22: Money from Legalized Marijuana

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Banks, including state-chartered ones, are reluctant to provide traditional services to legal marijuana businesses in Washington state and Colorado. Since the marijuana businesses are conducted almost entirely in cash, it is exceedingly difficult for these shop owners to open and maintain bank accounts, and ultimately accept credit cards. Questions: 1. Why won’t the banks open… Read more »

Did you know that cash absorbs the smell of marijuana?

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John Davis, CEO of Northwest Patient Resource Center, runs two medical marijuana dispensaries in Seattle. In Washington state, Davis runs a legal enterprise that generates thousands of dollars each quarter in state tax revenues. However, since selling pot is still a federal crime and banks are regulated by the Federal Deposit Insurance Corporation, banks are… Read more »

Money Melting a Hole in Your Pocket?

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Canada started rolling out new, polymer-based $100 bills two years ago, followed by 50s and then, last November, 20s. The money, which isslick like a sheet of plastic, hard to fold and partly transparent, is more difficult to counterfeit than Canada’s old paper-and-cotton bills. Australia and New Zealand have used similar, plasticized notes for years…. Read more »

Big News at Amazon: Fulfillment Robots

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Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company’s giant network of warehouses. Questions: 1. What other companies use this kind of robot technology? 2. Discuss the trend of Amazon’s fulfillment costs and what they… Read more »

Chose Me

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Have you ever wondered how some people get chosen to be profiled on a commercial? You may have seen the American Express Gold Card commercial featuring Sammy’s Fish Box, Sam Chernin’s flagship restaurant on City Island in the Bronx (one of five eateries he currently owns). Most small businesses would like to be featured on… Read more »