Description: The pandemic has changed a lot of things, and one of those is how Canadians are pursuing fitness goals. With gyms shut down, or operating under various restrictions, Canadians are stocking up on sports equipment for home and outdoors. The Peloton ‘smart bike’ is a popular – if pricey – choice for some, clocking in at $3,000. It also seems to be a great time to unload your surplus equipment on Kiiji or eBay.
Date: September 26, 2020
1) Have you been keeping up with your fitness activity during these strange days? What are you and your fellow students doing in this regard?
2) Do you know anyone who has sold used sporting goods during these past few months? What site or forum did they use to reach potential buyers?
3) On page 4-18 of Wiley’s Financial Accounting: Tools for Business Decision-Making, you can read about how Canadian Tire, one of the companies mentioned in the article, accounts for its sales of gift cards. Discuss with your classmates how you think these gift cards should be treated. Then go to page 4-18 to see if your theory is correct.