Tesla, Inc. (NASDAQ: TSLA) is ramping up to begin production of the Tesla Model 3. The Model 3 is an all-electric four-door compact luxury sedan that will have a range of at least 215 miles. It will be the most affordable of the Tesla models, starting at $35,000 for the base model. As of mid-March […]
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Introductory financial accounting Jeopardy game for end-of-semester review
April 4, 2017 
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At the end of the semester, I thought it might be useful to have a review game before the final exam. I have created a Jeopardy-style game that covers basic topics within an introductory financial accounting course. This PowerPoint file contains a Jeopardy-style game suitable for use in an introductory financial accounting class. There are […]
Continue readingCh 01 Financial statements, Ch 02 Transaction analysis, Ch 03 Accrual income, Ch 05 Receivables and revenues, Ch 06 Inventory & COGS, Ch 07 PP&E and Intangibles, Ch 08 Current liabilities, Ch 09 Long-term liabilities, Ch 10 Stockholders' equity, Ch 11 Statement of cash flows, Ch 12 Financial statement analysis, Financial accounting
What costs at LimeBike, the bike sharing service, would be capitalized versus expensed?
March 28, 2017 0 Comments
LimeBike is a start-up founded in 2017 located in San Mateo, California. Its mission is to make shared bicycles accessible and affordable. The company has taken the basic idea of shared bicycles and eliminated the need to return the bike to a docking station, which may not be near the cyclist’s destination. LimeBike charges $1 […]
Continue readingHow will Dr Pepper Snapple’s dividend impact its financial statements?
March 21, 2017 0 Comments
On November 16, 2016, Dr Pepper Snapple Group, Inc. (NYSE: DPS) made the following announcement: “Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its Board of Directors declared a quarterly dividend of $0.53 per share on the company’s common stock. The dividend is payable in U.S. dollars on January 5, 2017, to shareholders of record on December […]
Continue readingHow long is the operating cycle of Williamette Valley Vineyards?
March 14, 2017 0 Comments
Oregon has the third most wineries in the United States; only California and Washington have more wineries. Williamette Valley Vineyards, Inc. (NASDAQ: WVVI) is one of these Oregon wineries and is publicly-held. Williamette Valley Vineyards produces and sells several types of bottled wines under its Williamette Valley Vineyards label, including Pinot Noir, Chardonnay, Pinot Gris, […]
Continue readingFor a Zume Pizza delivery truck that uses a combination of robots, AI, and GPS in pizza preparation and delivery, what will be capitalized versus expensed?
March 7, 2017 0 Comments
Zume Pizza uses a combination of robots, artificial intelligence (AI), and GPS in its food trucks to deliver pizzas to customers’ houses just as the pizza is finished baking. The process starts with a customer using Zume Pizza’s app to order pizza. The pizza combinations offered by Zume have been derived by analyzing customer data […]
Continue readingHow will Snapchat’s upcoming IPO impact its assets, liabilities, and equity?
February 21, 2017 4 Comments
For the past year, there has been speculation that Snap Inc., the parent company of Snapchat, was planning to have an initial public offering (IPO.) Finally, in February 2017, Snap filed the paperwork with the SEC indicating it was going to be issuing stock soon. Snap’s IPO is expected to be the most expensive tech […]
Continue readingHow do the sale of its Craftsman brand, a loan from a hedge fund, and the sale of real estate impact Sears’ statement of cash flows?
February 16, 2017 2 Comments
In January 2017, Sears Holding Corporation (NASDAQ: SHLD) sold its Craftsman brand for $900 million to Black & Decker, the manufacturer of power tools and accessories. That same month, a hedge fund affiliated with the CEO of Sears loaned Sears $500 million. Sears also has plans to sell about $1 billion of real estate assets […]
Continue readingHow would Apple’s financial statements be impacted by its iPhone one-year warranty and related iPhone 6s battery replacement program?
February 9, 2017 0 Comments
Every new iPhone comes with a basic one-year warranty. If defects in materials or workmanship are discovered in one year from the date of retail purchase, Apple will repair or replace the iPhone at no cost to the customer. Recently, a batch of iPhone 6s devices was discovered to have a defect that causes them […]
Continue readingWhat does The Cheesecake Factory’s inventory include and where is it located on its financial statements?
January 17, 2017 0 Comments
The Cheesecake Factory Incorporated (NASDAQ: CAKE) operates over 200 restaurants and two bakeries in the United States. In its two bakeries, it bakes and prepares more than 70 desserts, both for its own use in its restaurants and for sale to a wide variety of wholesalers and retailers. The Cheesecake Factory’s inventories consist of restaurant […]
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