Vicki and Rich Fulop, a millennial couple from Brooklyn, New York, went on vacation and stayed in a hotel where they fell in love with the bedsheets. When the Fulops made inquiries about how they might purchase the bedsheets, they found out that those sheets were not available for sale by retail customers. Similar sheets […]
Continue readingIf the AMD Ryzen 16-Core CPU saves $1,000 per computer manufactured, how would computer manufacturers’ variances be impacted?
May 2, 2017 
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AMD is rumored to be releasing a new 16-core, 32 thread CPU, that would be significantly more powerful than its competitors – and it would be about $1,000 less expensive than the closest Intel CPU. This AMD chip is named “AMD Ryzen” and it has six more cores than Intel’s current primary desktop CPU – […]
Continue readingWhat internal controls might have stopped a Cargill accountant from embezzling $3.1 million?
April 25, 2017 2 Comments
Cargill, Inc., is the largest privately held corporation in the United States as measured by revenue. According to Wikipedia, if it were a publicly-held corporation, it would rank number 12 on the Fortune 500. In addition to its agricultural business, it also deals in energy, food ingredients, financial services, and a broad array of other […]
Continue readingHow should Ford treat the contingency resulting from the Ford Mustang Shelby GT350 owners’ class action lawsuit?
April 18, 2017 0 Comments
Ford Motor Company produces and sells the Ford Mustang Shelby GT350, which Ford markets as a track-ready car built to reach and sustain high speeds. Three of the 2016 Ford Mustang Shelby GT350 owners have filed a class action suit against Ford, alleging that these cars are not track-ready. These owners claim that the car […]
Continue readingHow would process costing work for gummy bears to be produced at the new US Haribo manufacturing plant?
April 11, 2017 0 Comments
Haribo has manufactured gummy bears, since 1920. Those bears are currently made in 16 plants around the world. Starting in 2020, those gummy bears will also be made in the US when Haribo opens a new plant in Wisconsin. Worldwide, about 100 million gummy bears are made by Haribo per day. The ingredients in gummy […]
Continue readingIntroductory managerial accounting Jeopardy game for end-of-semester review
April 6, 2017 4 Comments
A few days ago, I shared a Jeopardy-style PowerPoint file that can be used for an end-of-semester review in introductory financial accounting classes. In this post, I am sharing a Jeopardy-style game that covers basic topics within an introductory managerial accounting course. This PowerPoint file contains a Jeopardy-style game suitable for use in an introductory […]
Continue readingHow is Tesla’s balance sheet impacted by its issuance of common stock and convertible five-year notes?
April 5, 2017 0 Comments
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 […]
Continue readingIntroductory financial accounting Jeopardy game for end-of-semester review
April 4, 2017 2 Comments
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 […]
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