A story that makes you smile

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

Despite looming tax deadlines, the accountant that is ready in a minute’s notice can save a needy NHL team. Questions: 1. What team did Scott Foster sub for? 2. What was his performance that evening? 3. How did Scott become eligible to be the backup goalie? 4. What was your favorite part of this Cinderella… Read more »

Work four and paid for five

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According to the Guardian, the New Zealand company behind a landmark trial of a four-day working week has concluded it an unmitigated success. Questions: 1. What has the company seen to support its claim of success? 2. What does New Zealand’s workplace relations minister say about the results? 3. How many employees participated in the… Read more »

Can the Consumer Resist Company Market Power?

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Goolsbee (2018) addresses the convenience factor and why we are too often bumbled into allowing a company the power to monopolize us. Questions: 1. What did researchers Brent Neiman and Joseph Vavra find out about individual purchases grocery and big-box stores? 2. Based on the Neiman and Vavra study, the more specialized the demand, the… Read more »

RIP – Coca-Cola Quietly Snuffs out Diet Coke Variations

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If you were a fan of Diet Coke’s variations of lime, lemon, mango, orange, and cherry, they have been quietly phased out of stores and online. Questions: 1. When were the products launched? (click on the hyperlink in the article which says: “massive overhaul of Diet Coke”) 2. The move was made to attract millenials…. Read more »

A Challenge for the Ages!

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According to Time, Dave Alexander, a local farmer in Ontario, Canada, sent his daughter to buy a cheeseburger and fries on June 7, 2012, and started a fast food experiment to test the urban legend that McDonald’s products don’t rot. Question: 1. Describe his attempt to control the experiment. 2. Why did he decide to… Read more »

Change is coming

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Change is coming for a small but blooming corner of the marijuana industry. Questions: 1. What is CBD? 2. Why will regulation change the industry? 3. What are some of the legal grey area with unregulated products? 4. What was the most interesting part of this article for you? Source: Brodwin, E. (2018). There’s a… Read more »

A Toast to Howard Schultz – Coffee That Is!

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Howard Schultz is stepping down as executive chairman and member of the Board of Directors of Starbucks and will be honored with the title of chairman emeritus effective June 26, 2018. Questions: 1. How long has he been CEO and Chairman? 2. Briefly summarize what his tenure has meant for the company? 3. What is… Read more »

You’re never too old for foster care!

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The Veteran’s Administration (VA) has a new program that provides housing and care for veterans for an alternative to nursing home care for those who cannot live safely on their own. Veterans pay their caregivers $1,500 to $3,000 a month, depending on location, saving the government about $10,000 a month in nursing home care. Questions:… Read more »

What is Farm Fraud?

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Brad A. McIntyre, 35, of Bastrop, La., was sentenced on one count of conspiracy to commit mail fraud, five counts of mail fraud and four counts of money laundering related to engaging in monetary transactions in property derived from specified unlawful activity via farm fraud. He was also sentenced to three years of supervised release… Read more »

Sweet Betsy from Pike

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In a break with Obama administration policy, Education Secretary Betsy DeVos announced in December that some students cheated by the now-defunct schools would only get a part of their federal student loan forgiven. In order to determine how much to forgive, the agency analyzes average earnings of graduates from similar programs. Questions: 1. What did… Read more »