Spreading money on your skin

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »

Saving Money in the Court System Leads to Problems

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According to Lisa Borden, an attorney in Birmingham, Alabama, many towns are so economically strapped, that the pressure is growing on courts to bring in more money rather than mete out justice. In this article, examples highlight aggressive tactics used by for-profit probation companies that promise revenue to the towns, while failing to offer constitutional… Read more »

Remember Driver’s Ed? Things have Changed!

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Mercedes-Benz has long been at the forefront of creating safer cars and now they are aiming to create safer drivers. In December 2011, the company opened the its first driving school in the U.S. called Mercedes-Benz Driving Academy. Mercedes has three more in Europe). This school is located on Third Street in downtown Los Angeles…. Read more »

Here comes Scoot!

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Singapore Airlines’ wholly-owned budget carrier Scoot will begin flights into China, with flights between Singapore and Tianjin during August. Two more Chinese destinations are also being considered, but the capital of Beijing is not one of them. Questions: 1. How much is S$88 in U.S. dollars? How does this compare to the fares offered by… Read more »

Is it Really February?

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The warm and sunny weather is raising spirits all over the upper Midwest in January and February, but not for some businesses. Questions: What businesses did the video profile? Can you think of other types of businesses that would be affected, both favorably and unfavorably? Discuss whether you mean in terms of profits, variable costs,… Read more »

The Cost of Sweet Music

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Manuel Rodriguez III owns the century-old family business of the same name, heir to a tradition of guitar manufacturers which dates back to 1905 when his grandfather gave up fishing in Cadiz to dedicate his life to his musical passion. Now the Spanish guitar factory is looking beyond Europe to keep the company competitive. Questions:… Read more »

Eneslow Shoes: Change is Good!

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Eneslow – The Foot Comfort Center was founded in 1909 and is a family owned business providing high quality, stylish and comfortable shoes, as well as therapeutic accessories, on-site shoe makeovers and repairs and custom-made footwear. When New York State dropped Medicaid support for orthopedic shoes, Robert Schwartz saw his business drop by nearly 50%…. Read more »

Huge job cuts – Bank of America

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Bank of America, trying to break free from a pile of bad mortgages and a sagging stock price, announced plans to lay off 30,000 employees over the next few years. In a statement Monday, the bank said its goal is “not a given number of job reductions,” but to focus “all of its resources on… Read more »

Ostrich Farming, Anyone?

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Ostrich meat, although poultry is red, not white like most other birds. This red meat, which looks and tastes much like beef, is lower in fat, calories and cholesterol than not only beef, but also white meats like chicken and turkey. Ostriches belong to a family of birds called ratites, which includes emus and rheas… Read more »

Have A New Idea? Maybe It’s Not That Weird for a Business Opportunity?

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Hart Main, age 13,  developed a new product called ManCans, candles with scents made specifically for men who don’t really want to smell like freshly laundered towels or a dewy forest. Basically, a typical ManCans scent is smells more like a fresh new baseball glove. It all started when his sister, age 12, started selling… Read more »