Meaningless? Exagerating Customer Savings?

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

Just as traditional retailers are faltering, so are list prices. This article exposes some of the secrets regarding list prices and online sellers. Questions: 1. Discuss the question in the article and what it means for you personally? “If everyone is getting a deal, is anyone really getting a deal?” 2. Explain the case against… Read more »

Lock Down that Debit Card

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Have you ever lost or misplaced your debit card? Now some banks are offering a simple app for your cellphone that will allow you to protect bank accounts quickly while you figures out whether you lost or misplaced your card. Questions: 1. How does Bank of America’s version of the debit card lock work? 2…. Read more »

Shkreli Smurks at Congress and Later Calls Them “Imbeciles”

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Ethical Dilemma, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

Martin Shkreli, the former chief executive of Turing Pharmaceuticals, repeatedly exercised his Fifth Amendment right to avoid self-incrimination, infuriating members of the House Committee on Oversight and Government Reform. Mr. Shkreli is facing federal securities fraud charges. Questions: 1. What is the scandal that Mr. Shkreli’s company is apart of? 2. What is the connection… Read more »

Lack Luster Gold

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According to Ms. Pattanaik, GOLD is not the safe haven that it once was. In fact, she concludes that gold may only come back as a safe haven if the markets face even grimmer news than that of recent times. Questions: 1. According to the author, what are the reasons why investor panic is not… Read more »

The New Surge in Corporate Migrants: Is there an End?

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The federal government gave Johnson Controls a bailout in 2008 to avoid certain bankruptcy, along with its customers, the large automakers – General Motors and Chrysler. This week, Johnson Controls renounced its United States corporate citizenship by selling itself to Tyco International, based in Ireland. This deal was struck, in large part, to reduce an… Read more »

Will it Work?

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Norovirus, salmonella, and E. Coli outbreaks during 2015 at fresh food restaurants run by Chipotle have cost a huge loss of business. However, in mid-February, the chain plans a strategic marketing campaign aimed at trying to bring these customers back. Questions: 1. By how much did comparable restaurant sales fall in the fourth quarter of… Read more »

Weird Thought Experiment

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As Powerball mania and the promise of $1.6 Billion swept the airways, Andy Kiersz came up with his own idea on how to win. Unfortunately, it would require 189,000 people filling out all the possible Powerball combinations on those annoying scantrons, working 10 hours a day at a rate of 50 tickets per hour. Questions:… Read more »

Be sure to remember your server!

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According to the Washington Post, after a change in tax rules last year, the auto-gratuity added to the bill of large parties at restaurants is on its way out. Questions: 1. What is the new rule that the Internal Revenue Service imposed on restaurants that led to this change? 2. How does this change lead… Read more »

Arbitration Lurks in the Fine Print

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In this article, the New York Times found that arbitration rules tend to favor businesses, and judges and juries have been replaced by arbitrators who commonly consider the companies to be their clients. According to the authors, this has created an alternative justice system with conflicts of interest. Questions: 1. What types of claims are… Read more »

Sam’s Club CEO, Rosalind Brewer, Talks about Changes and Lessons Learned

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The rivalry between Sam’s Club and Costco comes close to what you find in college sports. Questions: Source: 1. What things did the Sam’s Club CEO say were learned about Black Friday? 2. What happened to CostCo stock versus Sam’s Club Stock in 2015? 3. What are the differentiation strategies that Sam’s Club is implementing?… Read more »