has opened many large stores, and the ones in the trendier neighborhoods may well surprise. This article reveals that indeed people revise their shopping patterns, and quickly. Many churches and other charities offer Second Time Around Stores, I suspect they will be doing better in months to come.
Professor Elam
Accounting & Investing Info for San Antonio A & M
about
-
Professor Elam
-
Professor Elam
I usually reserve these sort of topics for WEB CT but I suspect many of you will not check your WEB CT mail but might look here, so
You need to purchase your Homework Manager HM code from mcgraw hill.go to the book website at eitherorhttp.//www.mhhe.com/garrison12eclick on homework manager and do not buy homework manager plus as that includes the e bookyes this requires a credit cardYou will then need these urls to enter the site. I suggest you type these in rather than trying to just click or copy, they work if typed it I tried them.Intermed II 3312Cost 3314 -
Professor Elam
Kia has replaced the Spectra, which sold very well. Yet Kia says the car did not connect with its owners.
Get this straight, management accounting is not just about numbers. How we feel (read How We Decide or my remarks on socionomics) determines what we do.
We are studying managerial accounting. Benchmarking best practices is a topic of Chapter Two. Note that the new Kia Forte was fashioned not in Seoul but in Kia's California design studios. Note also the number of articles that appear on this blog about the importance of design. Kia has been using words beginning with S ot name its cars, a soft sound now that I think about it, Spectra, Sephia (huh?), Sorento, Sonata (I am going to sleep, sounds like a baby lullaby)As MT says this is THE toughest segment matching off against Honda CIvic, Toyota Corolla, and Mazda 3.This time Kia chose the name Forte, let's check1 : the part of a sword or foil blade that is between the middle and the hilt and that is the strongest part of the blade2 : one's strong poinHmm I think they are serious. With US auto sales still below 10 M a year, a huge 30% drop the competition is more fierce than ever. So you say big deal a 30% drop so what? The so what part is that for most manufacturers, we have dropped to break even or below in terms of units sold. This is why it is imperative to grasp the cost terms of fixed and variable cost as well as those cost of goods sold statements in chapter two gross profit or gross margin is REALLY important) as well as the break even graphs in chapters 5 and 6.The Administration has created a new jobs program with Chrysler and GM. Chrysler does not even offer an economy car, take about zero to bad strategic planning. GM has finally produced a cobalt that is getting good reviews, good thing they competition is heating up. My point being that our Government has the weakest players in the game to field an economy car. Good thing it owns the money printing press….Yes I will make a lot of references to the car industry, I understand cars and they are more fun than computer chips. And they are front and center in the news. Car Wars are always fierce but now more than ever. A company can only go so long at break even. Everyone is assuming the economy will improve soon and car sales will go back up. But the stats I read have Americans saving for the first time in decades, not spending. Companies will be competing as thought their existence depended on it, it does. -
Professor Elam
here is the link
http://www.cnbc.com/id/30959351the next show times are as follows
Sunday, June 14th 10p ET
Thursday, June 18th 10p ET
Monday, June 22nd 1a ET
Friday, July 3rd 7p ETthanks to Adam Dupnik!
-
Professor Elam
I cannot verify the accuracy of this story but it certainly illustrates why we have need for internal auditors. Lesson, auditors need to exhibit 'professional skepticism.'
A Well-Planned Retirement*
*From The
London
Times:*
Outside the Bristol Zoo, in
England
, there is a parking lot for 150 cars and 8 coaches, or buses.
It was manned by a very pleasant attendant with a ticket machine charging cars £1 (about $1.40) and coaches £5 (about $7).
This parking attendant worked there solid for all of 25 years.
Then, one day, he just didn't turn up for work.
"Oh well", said Bristol Zoo Management – "We'd better phone up the City Council and get them to send a new parking attendant…"
"Err … no", said the Council, "That parking lot is your responsibility."
"Err … no", said Bristol Zoo Management, "The attendant was employed by the City Council, wasn't he?"
"Err … NO!" insisted the Council.
Sitting in his villa somewhere on the coast of
Spain
, is a bloke who had been taking the parking lot fees, estimated at £400 (about $560) per day at Bristol Zoo for the last 25 years. Assuming 7 days a week, this amounts to just over £3.6 million ($7 million)!
And no one even knows his name.
-
Professor Elam
the New Compensation Czar has been appointed.
Expect teh government to meddle in all sorts of issues related to 'pay.' like where they guys and gals and live and certainly when they can fly if at all on the company plane. This is ridiculous, the company plane allows one to get to smaller cities where plants can be operated more economically and commercial aviation does not serve the area.
No wonder som many want to give back the TARP money so soon, but I suspect the door has been opened here. Sadly genuine crooks like Fuld at Lehman ($300 M) got away not to mention Franklin Raines at FNM ($160 M). Now everyone else suffers.
Real people build and service aircraft. Real people work at hotels and resorts. Those are the ones that lose their jobs when such restricutions come into play. Airplanes are about saving time, if you doubt it just fly commercial, I no longer do. No I do not have a plane but in the future I will be driving or they can offer skype or gotomeeting.com.
-
Professor Elam
Here is a look at the latest version of Kindle.
Amazon has its second electronic book out and it is selling. Why should you be interested? The college textbook companies would like to eliminate the bookstore. After the publisher sells the book once, there is no more chance to make money on the used book unless a new edition comes out. So the Garrison cost book is not is its fourth edition in ten years.Right now if you buy an on line book there is of course no selling it back to anyone. And the prices are still too close to the paper version. The book publishers tell me that Amazon is stuck on their high price which prevents the logical thing from happening. The logical thing is rather like the old razor analogy, sell the razor cheap and make the money on the blades, perhaps the ink jet printer analogy would be better these days. The book companies are tending to make the electronic book for a laptop since so many folks now have laptops and the price is down so much.My sources tell me the latest ploy is for the book publisher to attempt a deal with the college administration possibly eliminating other publishers on a campus. Leasing books is another reality cheaper for students and it eliminates the dreaded bookstore used book cycle for the publisher.The drama continues, stay tuned. -
Professor Elam
Adam Dupnik made this suggestion you might have missed on the blog.
Dont forget Mania's,Panics,and Crashes by Charles P Kindleberger.
This is a great book for anyone who wants to read about the history of financial crises. The book goes back as far as the dutch tulip bulb bubble back in 1636 along with other bubbles that have busted in the past. Kindleberger takes the stance on controlling how big a bubble can get, in hopes that you can then prevent the panics and crashes that come afterwards.And from Prof. ElamDen of Theives by James StewartSwin with Sharks by Harvey McKay -
Professor Elam
There are more than green shoots in Washington DC.
Government is not growing there it is exploding. -
Professor Elam
DeLoitte offers a good webpage of IFRS resources, take a look, this is reality by 2012.
Professor Elam 