Yum, yum, eat ’em up!

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

New survey data from the Centers for Disease Control and Prevention show that 36.6% of us eat some kind of fast food on any given day. That includes 37.9% of men and 35.4% of women, according to a report published Wednesday by the CDC’s National Center for Health Statistics. Questions: 1. What is the main… Read more »

Changes at GE

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GE was led for two decades by Jack Welch, the chief executive both feared and revered for his management discipline. In a surprise move and after only a year in the job of CEO, John Flannery was let go on Oct. 8 amid GE’s long period of stagnation. Questions: 1. In addition to firing the… Read more »

Tough Times for the IRS

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Audits and criminal referrals are down sharply by the IRS since Congress cut the tax agency’s budget and management changed priorities. Questions: 1. How many cases did the IRS’s criminal division bring last year? 2. How many cases did the IRS’s criminal division bring in 2010? 3. According to the IRS’s estimates, how much in… Read more »

To Forgive is Divine But Impossible

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A program intended to wipe away the student loans of qualifying public servants has rejected more than 99 percent of those who applied, according to a government audit that found that “fragmented” management and “piecemeal” operating instructions had contributed to the failure to forgive more debt. Questions: 1. What does the Education Department say is… Read more »

Uber and Lyft to the Rescue

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This article talks about the cost of an ambulance ride. With ride-hailing services like Uber or Lyft far cheaper and now available within minutes in many areas, it shows how a significant amount of money for non-emergency situation would be better served using an Uber or a Lyft. Questions: 1. How much was spent in… Read more »

The New Twist in Airline Rates

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While the list of things not included with your plane ticket seems to be constantly growing, there is a new twist in ticket rates. As if it isn’t becoming difficult enough, now some airlines have started bidding sites for seat upgrades! Questions: 1. What are the extra fees associated with airline transportation called? 2. What… Read more »

Charity has its Benefits

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According to the New Yorker, Lloyd Blankfein, Gary Cohn, and other leaders at Goldman Sachs have benefitted from a financial crisis that they helped create. Questions: 1. How have the men in the email fared? 2. By how many months did the story about Goldman Sachs in the New York Times precede mortgage disaster? 3…. Read more »

South Africa is now in Recession

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South Africa has entered into a recession, which is the first time since 2009. Questions: 1. How much has GDP dropped? 2. What has been attributed to the drop and the contraction? 3. How is the South African currency holding up (the rand)? 4. What is the outlook for the rest of the year? Source:… Read more »

Breaking News: Money Buys Happiness!

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Despite what your parents told you, new research suggests that more money really does lead to a more satisfying life! Questions: 1. What did the study base this information on? 2. How long did the effects of money last, according to the study? 3. How did the surveys measure subjective well-being? 4. What did the… Read more »