Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Cost Managerial
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Thursday August 1, 2013 In ACCT 3314 I introduce the class by noting that by Year 1970 the US had lost the manufacturing lead it had coming out of WW II. See the previous post on the B 24 to see what I mean. Soldiers coming back from Viet Nam brought Sansui, Yamaha, and other…
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Tuesday July 30, 2013 Here is a great You Tube video on the B 24 bomber plant. Henry Ford decided he could build a B 24 bomber every hour. This required construction of the largest single bulding for manufacturing he had ever constructed. But this is how the US won the war. Auto makers shifted to war…
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Wednesday July 10, 2013 Yesterday I received an e mail from Discount Tire that my Yokahama 235 x 40 x 18x on my Cobalt SS were due for a free rotation. Sure enough, their computer correctly guessed I had logged another six thousand miles since my last rotation. So I scheduled an appointment for this…
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Weekend June 16 2013 I am not sure why so many magazines are obsessed with lists. I stopped reading Forbes when they became the never ending list of 100/400/etc. This month Fast Company has its 100 Most Creative People in Business. I don't know that I agree with their findings but I did spot one…
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Monday June 10 2013 Last week we reported a Chinese firm bought the prestige British Yacht Maker Sunseeker. Now another Chinese firm is buying the Israeli medical and cosmetic laser firm Alma Laser. Why are the Chinese doing this? Answer to diversify into high tech medical and to buy the technology. Why does this make…
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Thursday May 16 2013 Tommy Moore's restaurant is headed for foreclosure. Moor had taken Chapter 13 in April 2012. Then he showed $272,000 in assets and nearly $853,000 in liabilities. How that plan got approved in court is beyond me. Now he has defaulted on a $441,626 note with Frost Bank. He is now planning on…
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Thursday March 28 2013 Proponents of the higher minimum wage or the so called living wage need only look toEurope to see the fallacy of this idea. N o wonder Saab folded in Sweden, same for Volvo. Among large countries, France is the socialist leader in tryng to legistlate wealth thru minimum wages. Since Turkey…
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Tuesday March 19 2013 Jessica Wertz from the local Institute of Management Accountants will present along with the national spokesperson from IMA. This is scheduled for Thursday March 21 2013 in the small auditorium at Brooks. We will discuss the Certified Management Accountant Designation. Ericka Barrientos will also speak on the Gleim material available for…
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Tuesday March 5 2013 Martha Stewart had a deal selling MSO products at Macy's. Then she signed a deal to have JC Penny sell MSO stuff in its store within a store concept. Macy's CEO is not pleased. Martha takes the witness stand this afternoon. Itis an even bigger deal for MSO than as the article…
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Friday March 1 2013 What a disaster. Since taking over Ron Johnson has tried to re make giant retailer JC Penny all at once rather than trying new experiments in a few stores. it has not worked. The stock has lost over $3 Billion in market cap and sales have fallen. This is a good example from…
Professor Elam 