Posts Tagged: Variable Costs

Ring-around-the-Rosy

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.

Did you know that you are paying a fraction of a cent every time you open a can of soda (or other canned beverages)? Why? It is because Goldman Sachs and other financial players have maneuvered the price of aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of aluminum among 27 warehouses in… Read more »

Welcome to the GMO free zone of the future

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized.

As we head into the hot summer, what sounds great? Well, ice cream, of course! And who is in the news? Ben and Jerry’s. According to the Huffington Post, Ben and Jerry’s is removing a controversial ingredient from its ice cream: Genetically-modified organisms (or GMOs). The back story is that only 80% of Ben &… Read more »

Is it fair that some hospitals are charging 400% above their costs to deliver services?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to government data, hospitals charge Medicare wildly differing amounts — sometimes 10 to 20 times what Medicare typically reimburses — for the same procedure. This raises questions about how hospitals determine prices and why they differ so widely. Questions: 1. Discuss the data set and what was included. 2. According to the article, who… Read more »

Car Rental Cost Cutting

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, Video Updates.

While the car rental rate might look like a bargain at the beginning, watch out for sticker shock once you get the final bill for your rental car! Be sure to read the fine print in the car rental contract and learn how to avoid the optional services that rental companies offer. Questions: 1. How… Read more »

So, is it a record if you don’t pay for it?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

For all you Starbuck’s watchers, remember in February 2012 when Logan Warren held the record for the most expensive Starbuck’s drink? It was a 31-ounce Trenta that cost $23.60. Into it went a Java Chip Frappuccino, enhanced with plenty of that’ll-cost-you-add-ons: 16 shots of espresso, soy milk, caramel, banana and strawberry purees, vanilla beans, and… Read more »

The $10,000 degree – Innovation or Second Rate Degree?

Posted by & filed under Accounting Principles, Advanced Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

Texas may be experimenting with an initiative to help students and families struggling with the high costs of college: a bachelor’s degree for $10,000, including tuition fees and even textbooks. Under a plan unveiled in 2011, Republican Gov. Rick Perry is proposing a bachelor’s degree for $10,000, including tuition fees and even textbooks. The governor… Read more »

The Unveiling of the Future?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

Apple’s iPad Mini will likely be unveiled at a special event on October 23. The device is expected to ship with a 7.85-inch screen and costs about half of what the current starting price for an iPad. Questions: 1. According to both articles, what have iPad sales to the K-12 market been doing to PC… 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 »

Coming to a store near you: What are the cost and benefits of good health?

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

Hy-Vee is the only grocery chain in the country that posts a registered dietitian in almost every one of its 235 stores. In rural areas, some of its more than 190 dietitians serve a cluster of stores. By doing this it capitalizes on growing consumer awareness of the role food plays in health and wellness… Read more »

Spreading money on your skin

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

What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »