On October 23, 2020, the Kellogg Company (brands include Kellogg’s, Pringles, Eggo, Cheez-It, and many others) made the following dividend announcement: Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable on December 15, 2020, to shareowners of record […]
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Tag Archives: teach accounting
What are the relevant costs for AMC’s decision to offer to rent its theatres for $99?
November 2, 2020 
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The pandemic has greatly impacted movie theater operations. Some theater locations have been forced to close. Major film releases have been delayed or moved to a streaming platform. Moviegoers have been reluctant to share indoor space with strangers. All those factors have contributed to a challenging year for movie theaters. In response to the pandemic, […]
Continue readingHow would the length of the Bespoken Spirits operating cycle compare to the length of the Jack Daniel Distillery operating cycle?
October 26, 2020 0 Comments
Whiskey is an alcoholic beverage that takes, on average, three to fifteen years to mature before it is ready for consumption. Typically, whiskey matures in oak barrels – that process helps to give each whiskey type its unique aroma, color, and taste. The Jack Daniel Distillery, for example, ages its Jack Daniel’s whiskeys in oak […]
Continue readingAICPA webinar on how to introduce data analytics in your course when your students have Chromebooks
October 21, 2020 3 Comments
Join Kimberly Swanson Church, PhD, Missouri State University, and me as we walk through how to introduce data analytics in your introductory accounting courses using Google Sheets in an AICPA webinar on Wednesday, November 4, 2020, from 4 – 5 pm Eastern. The discussion will include what data analytics is, the impact of analytics on […]
Continue readingHow will the change in Chipotle’s sales mix due to the pandemic impact Chipotle’s profits?
October 19, 2020 0 Comments
Digital sales for Chipotle Mexican Grill Inc. (NYSE: CMG) grew 216.3% in the second quarter of 2020, accounting for 60.7% of sales for the quarter, as the effect of the pandemic for the entire quarter sent customers to online options rather than dining in. Many digital customers opted for delivery, viewing it as a safer […]
Continue readingHow does Twitter’s issuance of notes due in 2027 impact its balance sheet and debt ratio?
January 24, 2020 4 Comments
During 2020, Twitter, Inc. (NYSE: TWTR) will be issuing (approximately) $600 million of unsecured notes that will be due in 2027. Assume that on the day immediately before the note issuance, Twitter has assets of $10,500 million and liabilities of $3,370 million. Questions Will the notes be classified as assets or liabilities on Twitter’s balance […]
Continue readingHow might the management of Jos-Tech have prevented an employee from stealing almost $500,000?
January 17, 2020 0 Comments
Victoria A. Ladd, 51, was employed by Jos-Tech, Inc., a custom plastics fabricating company located in Kent, Ohio, for many years. From January 2013 until January 2018, she wrote several checks to herself and cashed them or deposited them into her personal accounts. She also authorized electronic payments from Jos-Tech’s bank accounts to pay off […]
Continue readingAnnouncing a new blog for data analytics cases, Accounting is Analytics!
January 14, 2020 6 Comments
Exciting announcement! Three of us have created a blog site called “Accounting is Analytics.” This site houses data analytics teaching materials (cases and instructional material) for introductory accounting. We (Wendy Tietz, Jennifer Cainas, and Tracie Miller-Nobles) develop cases for Excel, Power BI, and/or Tableau that are suitable for introductory accounting classes. All materials are free […]
Continue readingHow does Amazon’s redemption of its notes payable impact its financial statements?
January 11, 2020 0 Comments
Amazon.com (NASDAQ: AMZN) recently redeemed $1 billion of its 2.6% notes payable one month before the maturity date. “Redeemed” means that Amazon paid cash to the note holders for the principal amount of the notes and the interest accrued up to the redemption date. Questions Assume that, on the date of redemption, it had been […]
Continue readingHow does The J.M. Smucker Company’s dividend announcement impact the company’s financial statements?
November 14, 2019 0 Comments
On October 25, 2019, The J.M. Smucker Company made the following dividend announcement: The J. M. Smucker Company (NYSE: SJM) today announced that its Board of Directors has approved a $0.88 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2019, to shareholders of record […]
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