Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Cost Managerial
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Sat Oct 30 2010 This article about Town Hall Corporate demystifies the language used by CEOs to explain what they are doing. As always, things are not what they seem!
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Saturday Oct 23 2010 The great mortgage implosion of 2008 was finally caused by a mis match of liabilities and revenue. Banks and brokers had sold short term commercial paper backed by long term mortgages, and then leveraged the mortgages so there was even more on the line. When a few mortgages were late in…
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Saturday Oct 23 2010 We are studying Cost Volume Profit topics in Managerial Accounting. The higher the fixed cost the higher the break even point. Here is a case in point. Robert Schuller's elaborate Cathedral became the signature look for what has emerged as the 'mega church.' But as the article says, the Christmas pageant…
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Tuesday Oct 19 2010 In the 1962 I movie Hatari, John Wayn perched on a seat on the bumper of a Land Rover, he was roping wild game in Africa. Now fast forward 20 years Yes this Critter Gitter really exists and yes it is built in where else, Texas. Now let me be clear that I…
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Saturday Oct 16, 2010 I have begun posting my thoughts on the markets in the companion blog, the link is at the top of this blog, just click to go there. No doubt most of you are just now learning about markets. Frankly such analysis is not studied at colleges and universities, most professors prefer…
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Thur Oct 14 2010 Well of course you do, that is why we have Atlantic City and some thirty plus states the lottery business, a horse track in San Antonio, Wall Street, but I Intrade is a national site that lets you bet on the outcome of events. In this political season it is particularly interesting. Click…
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Wed Oct 13 2010 Currencies The high Swiss Franc means a meal at MCD in Switzerland is now $15.50 with no refills! I doubt the Europeans will care fo that continuing. The French are protesting the hike in the retirement age from 60 to 62. Germany suggested that Greece could sell a few islands, guess…
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Tuesday Oct 12 2010 We are discussing cost volume profit and break even in ACCT 3314. I mentioned that Easy Rider started the modern low budget movie trend. IMDB suggests Easy cost $400,000 and grossed $60 M, back when ticket prices were about 2 bucks. The movie got poor initial reviews but then quickly…
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Monday Oct 11, 2010 The trip to see the movie Wall Street demonstrated another lesson regarding managerial accounting and marketing. Two adults and three children arrived at the ticket window just before I did. Upon hearing the total admission price I heard the man say, 'gee!' The two were so stunned that the fellow selling…
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Wed Oct 6, 2010 shoppers are showing up at 11 PM at many grocery stores, why? Because their food stamp cards are electronically replensihed at midnight. The panry is bare by month end. Stores have noticed and are making changes in inventory to take this into account. Many offer smaller sizes priced under one dollar…
Professor Elam 