The price of chocolate had been predicted to increase rapidly beginning in late 2013 and continue into 2014, according to the Wall Street Journal. The price increase is due to multiple factors, including a shortage of cocoa beans and an increase in demand by consumers. Although the demand for all chocolate has been increasing, consumer […]
Continue reading
Tag Archives: teaching accounting
Student handout: Four steps to determine what to debit or credit
October 8, 2013 
0 Comments
Here is a handy list of questions to help guide students through the thought process involved with determining what to debit or credit in a given transaction. (I also have this list in pdf format for handout purposes.) Step 1: Pick ONE account that is affected by this transaction Step 2: Is this account you […]
Continue readingWhat assumptions go into preparing a budget for a New York Fashion Week show?
October 4, 2013 0 Comments
In a recent news article in Business Insider, estimates of the various costs associated with putting on a show during New York Fashion Week were listed. These cost estimates are listed below: Rent $0 to $100,000 Hair and makeup: $0 to $100,000 Stylist: $5,000 to $20,000 Public relations: $10,000 to $20,000 Models: $0 to $200,000 […]
Continue readingWhat do the dates mean in the press release for Pier 1’s quarterly cash dividend announcement?
September 29, 2013 0 Comments
Pier 1 declared a quarterly cash dividend of $0.05 per common share on September 27, 2013. The press release read: “Sep. 27, 2013– Pier 1 Imports, Inc. (NYSE:PIR) today announced that its Board of Directors declared a $0.05 per share quarterly cash dividend on the Company’s outstanding shares of common stock. The $0.05 quarterly cash dividend will be paid on November 6, […]
Continue readingWhat does the two-for-one stock split at Tractor Supply mean for shareholders?
September 27, 2013 0 Comments
The Tractor Supply Company (TSCO) declared a two-for-one stock split of its common stock on August 29, 2013. The following news release appeared in PR Newswire in 2013: “BRENTWOOD, Tenn., Aug. 29, 2013 /PRNewswire/ — Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch store chain in the United States, today announced that its Board of Directors […]
Continue readingHow much does it cost to make a soda with a SodaStream system?
September 25, 2013 2 Comments
SodaStream is a system that consumers can use to make their own soda and seltzer water. The SodaStream machine allows the consumer to carbonate water combined with flavored syrup (“SodaMix”) to make soda in a variety of flavors. Consumers can also carbonate plain water to make seltzer water. SodaStream has been experiencing strong sales growth […]
Continue readingHow many shares of stock would be issued in LinkedIn’s $1 billion stock offering?
September 23, 2013 0 Comments
In September 2013, LinkedIn (LNKD) filed paperwork with the SEC for a $1 billion stock offering of its Class A common stock. LinkedIn reported that it would be using the proceeds from the stock issuance for working capital, expansion of product and sales organizations, and capital expenditures. On August 30, 2013 (a few days before […]
Continue readingWhat does the 2% stock dividend at Arrow Financial Services mean for shareholders?
September 10, 2013 0 Comments
Arrow Financial Corporation (AROW) declared a stock dividend on August 28, 2013. The following news release appeared in PR Newswire: “GLENS FALLS, N.Y., Aug. 28, 2013 /PRNewswire/ — Thomas J. Murphy, President and CEO, announced that a 2% stock dividend was declared on August 28, 2013 and will be distributed on September 27, 2013. Shareholders of record on September 19, 2013, will […]
Continue readingHow does Washington Township analyze its potential equipment purchases?
September 5, 2013 0 Comments
Washington Township in Franklin County, Pennsylvania, operates a Transfer Station and Recycle Center that individuals and businesses can use to recycle a variety of items, including electronics, bottles, and cardboard. At the township’s Transfer Station and Recycle Center, a baler is used to compress and bale certain recyclable items for transport. Typically, balers might produce […]
Continue readingHow many aircraft must be in service to break even at Virgin America?
September 4, 2013 0 Comments
After several years of losses, Virgin America recently announced that it anticipates a profit for 2013. Although the company is expecting a profit for 2013, it still is not out of the woods. Critics have called for greater cost control at Virgin America. The following table contains selected financial and other data for Virgin America […]
Continue reading
Accounting in the Headlines 