Posts Tagged: Expenses

CNN Profits Tank

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

According to the New York Times, CNN profits have slumped for the first time in years. Questions: The network is on a pace to drop below its usual profit point. What is this point? What service did the newly formed Warner Bros. Discovery make when it took over CNN? What are some of the revenue… Read more »

So Can You Tell Me What The Tax Reg. Is For Deductible Tatoos?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Financial Accounting, Income Taxes, Managerial Accounting, Uncategorized.

According to Accounting Today, the year 2021 saw some pretty outrageous business deductions. Questions: Which deduction were you the most surprised about? Pick one of the deductions mentioned and write a paragraph to justify its legitimacy. What is the problem with a long-distance call to a client for $0.14? Source: Cohn, M. (2021) The craziest… Read more »

Be Careful What you Wish For: Stranded in Paradise

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

According to the New York Times, a South African couple, on their honeymoon in the Maldives are now the sole visitors at a five-star resort, due to the coronavirus. Questions: Why don’t they go home with the other 40 South Africans in the Maldives? Who is running the resort and what regulations does the government… Read more »

Another Walmart PR disaster

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, Uncategorized, Video Updates.

Walmart’s disabled greeters are being replaced by “customer hosts,” with growing responsibilities. Questions: 1. Why has this been such a PR disaster for the company? 2. How many days were the greeters given to find new jobs? 3. What is the new job of “customer hosts” meant to do? 4. What are your thoughts about… Read more »

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 »

Unbelievable Differences in Incentives!

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According to the Washington Post, the bundle of financial incentives Wisconsin offered to lure Taiwanese technology giant Foxconn’s first major U.S. plant is larger than what New York, Virginia and Tennessee collectively pledged to Amazon.com, a comparison of the two development projects shows. Questions: 1. Foxconn has said its $10-billion factory in southeastern Wisconsin will… 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 »

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

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, Video Updates.

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 »

Sudden Resignation

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, Video Updates.

Fiat Chrysler on Saturday announced the sudden resignation of longtime CEO Sergio Marchionne, who is stepping down due to complications from surgery. Questions: 1. Who will be replacing Sergio? 2. When Chrysler emerged from bankruptcy in 2009, what happened? 3. What’s the outlook for Dodge and Chrysler? 4. What’s going on with current Fiat sales?… Read more »