Description: In Canada right now there are about 33,000 cellphone towers. That may seem like a lot, but with telecommunications providers moving towards 5G networks, estimates have it that Canada will need over 270,000 so-called small cells in the next few years. These devices, about the size of a briefcase, are intended for placement in… Read more »
Posts Categorized: Accounting Principles
To the rescue
Description: Toys R Us may just have received a reprieve from liquidation. Billionaire Isaac Larian, a prominent toy marketer has stepped in with a billion dollar offer to buy up Toys R Us stores in Canada and the United States, Intriguingly, the offer includes a crowd funding component. Keeping the Toys R Us chain afloat… Read more »
What happened to supply and demand?
Description: The general rule is that if something is in demand, then the price goes up. But while employment is growing in both Canada and the United States, and shortages of workers could become a problem as the baby boomers move into retirement, wages have not been growing. Economists have offered a variety of explanations,… Read more »
Now that’s a markup!
Description: Winnipeg Jets fans are excited by their team’s performance this year and are looking forward to the coming playoffs. But if you want to see a game live, that could be a problem. Resellers are already pricing tickets at over $800 U.S. One official with the Jets ownership group calls this “profiteering at its… Read more »
Phones drop inflation
Description: Canada’s inflation rate was down to 1.9% in December. One big factor appears to be a slow down in gasoline price increases. Another was a short price war on cellphone plans sparked by Shaw cutting consumer costs on some of its offerings. When other large carriers followed suit, consumers benefitted, as long as they… Read more »
The Colonel likes Bitcoin
Description: Well, apparently the Colonel will now take Bitcoin in Canada for KFC’s new Bitcoin Bucket. On January 11 KFC tweeted “Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken.” It’s a rather amusing story to accompany all the media… Read more »
No fun at Toys “R” Us
Description: Giant retailer Toys “R” Us announced this week that it is seeking to reorganize under the protection of bankruptcy regulations in both the United States and Canada. Like many a bricks and mortar retail establishment, part of the problem is the rise of online vendors, particularly Amazon. The company intends to remain open over… Read more »
Big charities merge
Description: We often hear of corporate mergers in reading the financial press. But it’s not every day that we hear of the merger of two large charitable organizations. That did happen this past week, however, when the Canadian Cancer Society and the Canadian Breast Cancer Foundation joined forces. With declining revenues, the merger will help… Read more »
Air Miles reduction
Description: Many consumers carry that little blue Air Miles card in their wallets, racking up points at retail stop, gas stations and service providers. But Air Miles has reduced the redemption value of the points bank for some vacations, causing angst with Air Miles collectors. Allison Peters decided to book a trip to Mexico, only… Read more »
Sarah Davis rewarded
Description: She saw the company through a rough spot. And now Loblaws has rewarded Sarah Davis and named her as president of the huge grocer. Davis has been described as strong with both operations and the numbers side of the business. One of her challenges may be continuing to integrate the Shoppers Drug Mart acquisition,… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition