ThredUP is a startup online consignment and thrift store. Consumers can buy like-new, carefully vetted brand-name clothing from thredUP’s online store at discounts of up to 80% off of the original retail prices. Consumers can also send in their unwanted clothing articles for thredUP to resell. ThredUP’s professional buyers go through the articles of clothing […]
Continue reading
Archive | Financial accounting RSS feed for this section
How can a common-size income statement help analysis of Pandora’s results of operations in 2015 compared to 2014?
November 12, 2015 
0 Comments
Pandora Internet Radio by Pandora Media (P) is a streaming music service. Its free advertising-supported radio service was first launched in 2005. Pandora users streamed 20.03 billion hours of internet radio during 2014. In December 2014, there were 81.5 million active users of Pandora, making it the largest streaming music service currently. Pandora has a […]
Continue readingWhat types of Property, Plant and Equipment does Domino’s have on its balance sheet?
November 5, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). The DXP™ is a modified Chevy Spark electric automobile. At the October 2015 launch, there were 97 DXP™ in Domino’s nationwide fleet, with more to come. Domino’s has several categories of Property, Plant and Equipment (PP&E) on […]
Continue readingWill Domino’s capitalize or expense the costs associated with its new pizza delivery vehicle, the DXP™?
October 29, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). This delivery car has seating for just one person; the rest of the car is equipped for pizza delivery. It is equipped with a warming oven and can hold up to 80 pizzas. It has several storage […]
Continue readingWhat does Ford’s 2015 Form 10-K communicate about its cash flows?
October 8, 2015 4 Comments
Ford Motor Company (F) is an American-based, multinational car and truck manufacturer. Ford Motor Company was launched in 1903 with $28,000 in cash from twelve investors, including John and Horace Dodge. By 1919, approximately 50% of the cars sold in the United States were made by Ford. In 2014, Ford generated sales of approximately $144 […]
Continue readingWhat contributed to the increase in Caterpillar’s earnings per share in 2014?
October 1, 2015 0 Comments
Note: This article is a special guest post written by Dr. John Dexter, Jr., CPA, CGMA, Associate Professor, Edinboro University, jdexter@edinboro.edu. Thanks, John, for the contribution! In its Form 10-K for the year ended December 31, 2014, Caterpillar Inc. (CAT) reported diluted earnings per share (EPS) of $5.88, an increase of $0.13 from the prior […]
Continue readingWhat does Home Depot’s 2015 Form 10-K communicate about its inventory?
September 23, 2015 0 Comments
Home Depot (HD) is a retailer of home improvement and construction products. Home Depot is currently the world’s largest home improvement retailer with revenues exceeding $83 billion in its fiscal year ending February 1, 2015. The most commonly used inventory valuation methods are first-in first-out, last-in first-out, and average or weighted average cost. See the […]
Continue readingWhat internal control principles were violated at a Texas school district that allowed its superintendent to embezzle more than $750,000?
April 28, 2015 0 Comments
Beaumont Independent School District (BISD) is a public school district in Beaumont, Texas. It has three high schools, six middle schools, and 16 elementary schools, serving approximately 21,000 students. In February 2015, Patricia Lambert, former BISD Assistant Superintendent, was indicted for theft connected with her position in the school district. Lambert allegedly defrauded the school […]
Continue readingHow does Square account for the amounts it loans to small businesses?
April 24, 2015 0 Comments
Square, the mobile payments company, allows small businesses to take credit cards by swiping customer credit cards using a small square device attached to the audio jack found on mobile devices. Since its founding in 2009 and the launch of its first app in 2010, Square has found its way into many small businesses – […]
Continue readingWhat are the accounts payable turnover ratios at Kellogg, Post, and General Mills?
April 22, 2015 0 Comments
In a recent New York Times article (“Big Companies Pay Later, Squeezing Their Suppliers,” April 6, 2015), it was reported that several large companies are forcing their much-smaller suppliers to extend longer payment terms. Several large companies, such as Procter & Gamble, Heinz, and Anheuser-Busch, have told their suppliers that they want three or four […]
Continue reading
Accounting in the Headlines 