Posts Tagged: manufacturing

High Costs to Comply with Sales Taxes

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to a new survey as reported by Accounting Today, midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000. Questions: Which industry had the highest total estimated costs per month? What percentage greater in the amount of time was spent by the retail industry as compared to the manufacturing… Read more »

Milkshake woes for McDonalds

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to The Guardian, milkshakes are off the menu at McDonald’s in England, Scotland and Wales. Questions: Why are milkshakes off the menu at McDonald’s in England, Scotland, and Wales? What are lorry drivers? What other restaurants and sectors mentioned in the article are having the same types of problems? If there is a shortage… Read more »

More Easing of the Rules

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

More easing of the rules The Food and Drug Administration has temporarily loosened labeling and information rules for food manufacturers for the fifth time during the novel coronavirus pandemic. Questions: Why were the rules eased and what do advocacy groups fear? What rules were eased? According to the article, what type of food disruption have led to… Read more »

May all your Wishes Come true!

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

Donald Trump met with Japanese billionaire Masayoshi Son and soon news of 30,000 to 50,000 new U.S. manufacturing jobs were part of Trump’s boasts. Now Taiwanese manufacturer, Foxconn, appears to be reneging on claims that it is preparing to build a $7 billion factory in the U.S. Questions: 1. How did Foxconn’s chief executive officer,… Read more »

Made in America

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, Uncategorized, Video Updates.

More than 60 billion sets of chopsticks are produced every year in China, so you’d have thought they would be making enough. But a chopstick shortage is growing in the Far East, prompting a U.S. company in Georgia to start exporting millions to the country. Georgia Chopsticks is producing an incredible two million sets of… Read more »