Professor Elam

Accounting & Investing Info for San Antonio A & M

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Category: Cost Managerial

  • GM, Same Old Union?

    Wed Oct 6 2010 Here isan interesting article on GM. Yes the debt is down but have things really changed between the union and management. For those not up on NLRB and such, most of the GM Ford Chrysler plants are in union shop states. This means one can be required to join the union…

  • Chasing the Customer Away

    Monday Oct 4, 2010 Our last post was about building customer loyalty. This one is about chasing the 'customer' away. Companies have been fleeing high tax New York and California for some time.  The size of the thundering herd running for the exits is getting larger. In this case many are going to Utah. Click…

  • Building Brand Loyalty

    Monday Oct 4, 2010 In managerial accounting we study Total Quality Management and how to put the customer first.  BMW has built an incredible brand loyalty. Allowing owners to pick up the car at the factory is another way of doing this. Okay the 128 here is bout $13 K more than your typical $20K…

  • Not In Time Inventory

    Sunday Aug 29 2010  I use hearing aids and so am always looking for a deal on the batteries. Typically Walgreens has a buy one get one free on some battery package each weekend. Here is the photo of what i found stopping there on I believe a Tuesday or Wednesday. WAG was out of…

  • $1 Goes a Long Way these Days

    Wed August 4, 2010 Newsweek just sold for a buck, Businessweek did as well. Now Barnes and Noble is for sale.  The brick and mortar retailer is reeling from the effects of increased popular e books, and one does not need a lot or real estate to sell those.I think this means we will not…

  • CMA Review Class Kicks Off!

    Sunday July 25, 2010 I snapped this photo of our CMA Review Class Saturday July 24, 2010 at the parking garage so to speak of the Texas A & M San Antonio Campus. Prof Richard Green at left, yours truly in the blue shirt bent over at right, ohherwise you could not see the folks…

  • Cost Accounting Applied

    Sunday July 25, 2010  I snapped this photo of a pleasant young lady who came to our table at whataburger. This followed the delivery of our order. Notice that she is carrying a tray of codiments, napkins, ketchup, salt and pepper, cream and such for coffee. Now one of the purposes of your cost accounting…

  • Pride of Ownership, Deming Rides Again

    Thursday July 15, 2010 Well I saved my pennies and I saved my dimes(Giddy up giddy up 409)'fore I knew there would be a time(Giddy up giddy up 409)When I would buy a brand new 409(409, 409)  Beach Boys singing about the big block Chevy 409, the forerunner of the 427 mentioned in this article…

  • One More Time..

    Thursday July 15, 2010 Yesterday in cost class I suggested that there are four levels of probablility. Certainly true Probable Plausible Not true The difficulty of course is that gray line between probable and plausible, what is going to happen. This article about Henry Kravis and Hugh Hefner puts that in perspective. Kravis is famous…

  • How to Win Friends

    Wed July 14, 2010 I mentioned the classic self help book How to Win Friends and Influence People in Class this week. A good link to wiki is here.  Hmm 15 M copies sold so far and still in print! The Amazon Review is a good one.