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, […]
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Tag Archives: financial accounting
For 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 
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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 […]
Continue readingHow will Cedar Point’s assets, liabilities, and equity be impacted by various transactions?
December 29, 2016 0 Comments
Cedar Point is an amusement park in Sandusky, Ohio, owned by Cedar Fair Entertainment Company. Over 3.5 million people visit Cedar Point each year between May and October. It covers 364 acres and has more than 150 rides and attractions, including 16 roller coasters. Cedar Point is the second oldest continuously operating amusement park in […]
Continue readingHow will The Cheesecake Factory’s dividend announcement and payment impact its balance sheet?
November 29, 2016 0 Comments
On October 26, 2016, the Board of Directors of The Cheesecake Factory Incorporated (NASDAQ: CAKE) declared …”a quarterly cash dividend of $0.24 per share on the company’s common stock. The dividend is payable on November 22, 2016 to shareholders of record at the close of business on November 9, 2016” (source: News Release, 10/26/2016, “The Cheesecake Factory Reports Results for […]
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 readingHow will the opening of a new Cheesecake Factory in New York City impact Cheesecake Factory’s financial statements?
November 17, 2016 0 Comments
Recently, The Cheesecake Factory Incorporated (NASDAQ: CAKE), opened its first New York City restaurant. The new Cheesecake Factory is in Queens and is 8,850 square feet and seats 240 guests. Rather than franchising its business model, Cheesecake Factory owns and operates all of its U.S. restaurants, which at last count numbered more than 200. It […]
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