The Ford Motor Company (NYSE: F) is selling an electric version of its F-150 pickup truck, the F-150 Lightning electric truck. Ford cannot keep up with demand; it has taken orders for its entire 2022 production capacity and has closed orders for the 2022 model. Ford has not yet begun taking reservations for the 2023 […]
Continue reading
Archive by Author
What quality costs will the J.M. Smucker Company incur from its recall of Jif peanut butter?
September 15, 2022 
2 Comments
The J.M. Smucker Company (Smuckers) issued a voluntary recall in 2022 for several Jif peanut butter products manufactured in its Lexington, Kentucky, manufacturing facility. Jif peanut butter products were potentially linked to a multistate outbreak of Salmonella. Salmonella is an organism that cause serious and sometimes fatal infections in people. This recall potentially covers millions […]
Continue readingWhat internal controls might have prevented an Anderson Community School bookkeeper from stealing more than $1 million?
September 12, 2022 0 Comments
The Anderson Community School Corporation hired Carla Burke in 1998 and then made her the food service department bookkeeper in 2006. She worked as the bookkeeper until she retired in 2019. Burke was responsible for maintaining the records for the school lunch fund. She reconciled the bank account, maintained vendor invoices, prepared checks to send […]
Continue readingWould sweetFrog use job costing or process costing in calculating the cost of a customer’s cup of frozen yogurt and toppings?
September 6, 2022 8 Comments
sweetFrog is a frozen yogurt restaurant franchise with over 300 locations in the United States and several more international locations. Customers select the flavor of frozen yogurt they want and fill their cup from the self-serve machine with the desired amount of the frozen yogurt. Next the customer will proceed to the toppings bar, where […]
Continue readingWhat closing entries would Wendy’s have made in 2021 based on its trial balance?
August 31, 2022 1 Comment
The Wendy’s Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2021. To follow is a condensed […]
Continue readingWhat are the fiscal year ends of Walt Disney, Carnival Corporation, and Royal Caribbean Cruises, and others?
August 23, 2022 0 Comments
A calendar year runs from January 1 to December 31 each year. Companies are allowed to select a fiscal year that is different from the calendar year, which means not all companies’ financial statements cover the calendar year of January 1 through December 31. Here is a list of a variety of companies and their […]
Continue readingTeaching Tip: How can a Stream Deck help with your synchronous (live online) class sessions?
August 16, 2022 1 Comment
One of my favorite pieces of hardware for teaching live online is the Stream Deck. The Elgato Stream Deck is a small control panel with 15 customizable physical buttons that be easily set to do a variety of tasks. The Stream Deck plugs into a USB port and will work with Windows or Mac operating […]
Continue readingWhat product costs and period costs go into making Dunkin’ donuts?
August 15, 2022 0 Comments
The first Dunkin’ restaurant opened in 1948 in Quincy, Massachusetts, and is still in operation today. The recipe for Dunkin’ donuts has been a secret for 65 years. To see how Dunkin’ donuts are made, see the video at https://www.youtube.com/watch?v=EwTRmfWUxlw (0:43 min.). The Dunkin’ donuts at a restaurant are not usually made at that location. […]
Continue readingWhat steps are in the value chain for vegetables grown and sold by Dussel Farm?
August 10, 2022 0 Comments
Dussel Farm Feed Store is a family owned and operated farm and store that has been in the Dussel family since 1948. It grows and sells a wide variety of produce, including vegetables and fruits. In addition to the produce, Dussel operates a feed store. Each year, it plants a variety of vegetables, such as […]
Continue readingWhat information can be calculated from Wendy’s 2021 trial balance?
August 8, 2022 0 Comments
The Wendy’s Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. To follow is a condensed […]
Continue reading
Accounting in the Headlines 