Money in Used Sneakers!

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.

Ryan Fresen is a sneaker reseller who said he brought in around $110,000 in profit in 2019 from the business he runs out of his bedroom. Questions: What are key factors in Ryan Fresen’s success? How does Fresen typically sell his sneakers? What does Fresen typically use to organize his business? Has Fresen had his… Read more »

Money for Climate Change

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Jeff Bezos announced on Instagram today that he is giving about 7.7% of his $130 billion net worth to launch the Bezos Earth Fund. Questions: According to the article, what role did Amazon employees have in this move? How much in total dollars is he committing? By 2040, what is Amazon’s pledge? Source: Harrington, R…. Read more »

A Tale of the Fake Heiress

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

A penniless young woman, who left Russia in 2014 and faked her way to Manhattan as an “heiress,” is now facing up to 15 years in prison. How did Ms. Sorokin bilk a bank out of $100,000? What charges does Ms. Sorokin face? Why did Ms. Sorokin’s lawyer, Todd Spodek, argue that she had not… Read more »