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 […]
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Tag Archives: teaching accounting
What information and tools would Delta Air have used when it decided to invest in an RFID-based luggage tracking system for preventing lost bags?
November 27, 2016 
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On average, it costs an airline $70 to get a lost bag back to its owner. The airline industry as a whole lost $2.3 billion to mishandled luggage in 2015. Currently, when you check at bag with an airline, a barcode sticker is printed out and stuck on your bag. On a good day, only […]
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 […]
Continue readingHow would Microsoft’s $40 billion stock buyback and cash dividend impact its balance sheet?
November 15, 2016 0 Comments
Microsoft Corporation (MSFT) recently announced plans to buy back up to $40 billion of its own stock. In the same announcement on September 20, 2016, Microsoft also stated that it would be increasing the cash dividend by 8% for the dividend to be paid on December 8, 2016, to shareholders of record on November 17, […]
Continue readingHow would the strike at Just Born, the maker of Peeps, impact its standard costing variances?
November 10, 2016 0 Comments
Just Born Quality Confections (Just Born) makes marshmallow Peeps, Mike and Ikes, Hot Tamales, and other candies. The company has approximately 600 employees and is privately-held. Its headquarters and Peeps factory are in Bethlehem, Pennsylvania. In September 2016, the factory employees represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union of America Local 6 […]
Continue readingWhat is the impact on Abercrombie & Fitch’s financial statements from the write-down of its logo-adorned merchandise inventory?
November 8, 2016 1 Comment
Recently, Abercrombie & Fitch (NYSE: ANF) has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie’s new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie […]
Continue readingHow did a cash dividend impact Lowe’s financial position?
November 3, 2016 0 Comments
On November 2, 2016, Lowe’s Companies, Inc. (NYSE: LOW) paid a cash dividend of $0.35 per share to shareholders of record as of October 19, 2016. The Lowe’s Board of Directors declared this dividend on August 19, 2016. As of the end of Lowe’s 2015 year (January 29, 2016), Lowe’s had 910 million shares of […]
Continue readingWhat are the fiscal year ends of Amazon, Target, Apple, Walt Disney, and others?
October 25, 2016 10 Comments
A calendar year runs from January 1 to December 31 each year. Companies are allowed to select a fiscal year that is different from the calendar year, which means not all companies’ financial statements are as of December 31. Here is a list of a variety of companies and their fiscal years: Amazon.com: Fiscal year […]
Continue readingWhat managerial accounting tools could be used by Giant Eagle to evaluate whether it should put refrigerator doors in its dairy section?
October 18, 2016 0 Comments
Giant Eagle is a grocery store chain with stores located in Indiana, Maryland, Ohio, Pennsylvania, and West Virginia. Recently, it installed refrigerator doors on the dairy section in many of its stores. Previously, the dairy section was refrigerated but had no doors. The refrigerator doors will reportedly use 78% less energy than the amount of […]
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