Yeti is recalling nearly two million soft coolers and gear cases, including the Hopper M30 Soft Cooler 1.0 and 2.0, Hopper M20 Soft Backpack Cooler, and SideKick Dry Gear Case, due to a magnet ingestion hazard. The products, sold between March 2018 and January 2023, feature large internal pockets with powerful magnet closures that can […]
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Tag Archives: teaching accounting
What information can be calculated from Krispy Kreme’s trial balance?
January 28, 2023 
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Krispy Kreme, Inc. (NASDAQ:DNUT) is a multinational doughnut company and coffeehouse chain headquartered in Winston-Salem, North Carolina, United States. It is a publicly held corporation. Krispy Kreme operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the Sunday closest to December 31. Krispy Kreme’s 2021 fiscal year […]
Continue readingWhat is the impact on Bausch + Lomb’s balance sheet from its public stock issuance?
December 3, 2022 0 Comments
Bausch Health Companies took its eye care unit, Bausch + Lomb (BLCO) public with a public stock issuance in 2022. Bausch + Lomb had been a private company since 2007, when it had been purchased by two private equity firms. Bausch + Lomb sells contact lenses, eye drops, and implantable lenses for cataract surgery. It […]
Continue readingHow would Kraft account for the contingent liability arising from a class action lawsuit alleging that it takes more than the advertised 3 ½ minutes to prepare Velveeta Microwaveable Shells & Cheese cups?
November 28, 2022 2 Comments
On the packaging of Velveeta Microwaveable Shells & Cheese cups, it says that it takes three and a half minutes to cook to the right consistency of cheese. However, for one upset Florida woman, it seems to be untrue. According to the South Florida Sun-Sentinel, Amanda Ramirez has filed a proposed class-action lawsuit accusing Kraft […]
Continue readingHow does shifting the sales mix at Ford Motor Company to more F-150 trucks affect Ford’s break even sales volume?
November 11, 2022 0 Comments
Ford Motor Company (FORD) sales jumped 31.5 % during June 2022 in the United States as compared to the prior month. Sales of Ford’s F-series trucks and the Explorer, Expedition, and Navigator SUV models drove the sales growth. According to a Bloomberg article (link) earlier this year, the F-150 Series product line is Ford’s most […]
Continue readingWhat impact do higher fuel costs and other changes have on American Airline’s break even point?
November 1, 2022 0 Comments
American Airlines Group (AAL), the world’s biggest airline, posted a loss in the first quarter of 2022, but expects to return to profitability as early as the second quarter of 2022. Despite the large profit, airlines have been experiencing a large increase in the cost of oil. The price of oil has risen during 2022; […]
Continue readingWhat expenditures would have been capitalized versus expensed in converting a church building to Belltower Brewing Co.?
October 25, 2022 0 Comments
What expenditures would have been capitalized versus expensed in converting a church building to Bell Tower Brewing Co.? The owners of Bell Tower Brewing Co. in Kent, Ohio, purchased a 150-year-old church a few years ago. Over a three-year period, they converted the church building into a two-story, 9,000-square foot brewery. Pews from the church […]
Continue readingNew! Word Search Puzzle to Review PP&E and More in Financial Accounting
October 22, 2022 0 Comments
Below are links to a word search puzzle to review Property, Plant & Equipment and Intangible Assets in financial accounting. Both links are to the same puzzle, but one has a solution button enabled and the other does not. PP&E and Intangible Assets word search puzzle (student version): Share this link with your students to […]
Continue readingHow will Stack Investors use the relative sales value method to allocate the purchase price of a rental property it purchased?
October 17, 2022 0 Comments
How will Stack Investors use the relative sales value method to allocate the purchase price of a rental property it purchased? Stack Investors is a real estate company, specializing in student housing rentals. Black Squirrel Rentals recently purchased a house at 121 Crain Avenue in Kent for $55,000. Rooms in the house will be rented […]
Continue readingDid Subway franchisees profit from the $10 for two footlong subs during the pandemic?
October 10, 2022 0 Comments
Subway, the fast-food restaurant franchise, came out with a promotion offering two footlong subs for $10 during the early days of the Covid-19 pandemic as a way to drive traffic to its restaurants. Franchise owners were not happy with the promotion, claiming they lost money on every sub sold. Assume that the costs related to […]
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