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 »

Shaking up Pricing

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Because the costs of health-care are rising, along with higher insurance deductibles and co-pays, the way medical services are being delivered is changing. unlike hospital ERs and urgent care centers, retailers, such as grocery and drugstore chains, who operate in-store clinics are displaying pricing information upfront for consumers paying cash. Questions: 1. What are the… Read more »

The Cost Disease

Posted by & filed under Accounting Principles, Advanced Accounting, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

Much of our political debate is fueled by the rise in the cost of healthcare, education, and other necessary services. Interestingly, the new book “The Cost Disease” is based on the work of William Baumol, who as a young economist in the 1960s promoted the idea tagged “Baumol’s Disease,” which explains that our current predicament… Read more »