Casper Sleep Inc. (NYSE: CSPR) is a mattress company launched in 2014 that has a unique direct-to-consumer business model. It sells its mattresses online and retail showrooms. Its mattresses are made from a variety of foams and have been popular with consumers. In November 2021, Casper announced that it is seeking to raise $50 million […]
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Tag Archives: current liabilities
How should Canada Dry account for the lawsuit filed against it because its ginger ale allegedly does not contain ginger root?
August 27, 2018 
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A woman has filed a lawsuit against Canada Dry and its parent company Keurig Dr Pepper[1] (NYSE: KDP), claiming that its ginger ale does not contain enough ginger to be a healthier alternative to sodas. The plaintiff purchased Canada Dry ginger ale when her children were sick, because she thought it would soothe their stomachaches […]
Continue readingWhen would AMC Theatres recognize revenue from its AMC Stubs A-List subscription service?
August 14, 2018 0 Comments
AMC Entertainment Holdings, Inc. (NYSE: AMC), also known as AMC Theatres, recently announced a $19.95 per month subscription service, AMC Stubs A-List, to compete with MoviePass. With the A-List program, subscribers can see up to three movies per week with few restrictions. The minimum commitment is three months, after which time the subscriber can cancel […]
Continue readingWhat is the impact on Netflix’s assets, liabilities, and equity from its new credit line?
August 30, 2017 0 Comments
In July 2017, Netflix, Inc., (NASDAQ: NFLX) obtained a new credit line for $500 million through five lenders. This credit line means that Netflix will be able to borrow as it needs cash to fund its operations. According to Netflix’s regulatory filing, it plans to use the funds for operations and general corporate needs. The […]
Continue readingWhat has been the accounts payable turnover trend for Hasbro and Mattel?
June 16, 2017 0 Comments
Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) are two companies in the toy and game industry. Hasbro products include Monopoly board games, G.I. Joe dolls, Furby electronic stuffed animals, Transformers mechanical toys, and the My Little Pony toys. Mattel products include Fisher-Price toys, Barbie dolls, Hot Wheels cars, American Girl dolls, Apples to […]
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 readingHow will Walgreen’s leases impact its financial position under the new FASB lease standard?
November 22, 2016 0 Comments
Under the current accounting treatment for leases, if a lease meets certain characteristics, it is classified as an operating lease and only the lease payments are shown in the financial statements in the income statement; there is no liability recognized for the lease obligation. In February 2016, the Financial Accounting Standards Board (FASB) issued ASU […]
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 readingWhen does Carnival Cruise Lines recognize revenues and expenses for its cruises?
April 7, 2014 0 Comments
Carnival Cruise Lines had a record-breaking month in January 2014 in terms of number of net bookings (new bookings less cancellations.) During January 2014, Carnival booked more than 565,000 (net) guests for cruises to be taken over the next two years. Part of the reason that Carnival may be seeing increased bookings is its new […]
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