Tuition Free College?

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

According to CNN, New York just became the first state in the nation to make tuition free for middle class students at both two- and four-year public colleges. Questions: 1. When does this program start? 2. What are the income caps in order to obtain free tuition? 3. What are the restrictions after graduation? 4…. Read more »

The Great Experiment

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Finland has become the latest country to propose a basic income for all. Under the plan, all Finnish citizens would receive an 800 euro stipend, per month, tax-free. Questions: 1. Based on the current exchange rate, what amount of U.S. dollars is this equal to? 2. What incentive does Finland have to implement this proposal?… Read more »

Cooking Empire Crumbles

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.

Questions: 1. Do you think that the businesses were right in dropping Ms. Deen’s licensing and merchandise endorsements? 2. Discuss the millions of dollars Ms. Deen will lose in terms of what financial statements and accounts affected. Be as specific as possible. 3. How did the whole Paula Deen incident start and what is the… Read more »

The Saga of Derek Jeter and Taxes

Posted by & filed under Accounting Principles, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

When I saw that Derek Jeter was in the news this week for changing residences from New York to Florida to lower his taxes, it made me wonder about what ever happened to Christian Lopez. Christian, a 23-year-old cellphone salesman from Highland Mills, N.Y, was the fan that caught Derek Jeter’s 3,000th hit and returned… Read more »

Breaking Up is Hard to Do

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, International Accounting.

Procter and Gamble (P&G) has operations in 41 countries and 126,000 employees, with annual sales of $84 billion. While these revenues are double that of its closest competitors, analysts and shareholders are beginning to wonder if the company might see faster growth if it split up. Questions: 1. What is the current stock price? What… Read more »