Description: Drivers at Oakhurst Dairy in the State of Maine are happy about a missing comma. Oakhurst Dairy has agreed to pay the drivers $5 million in overtime pay to settle a dispute over whether or not the dairy industry was exempt from the overtime provisions of a State law. Drivers had claimed the placement… Read more »
Posts Categorized: Financial Accounting
Private profits; socialized losses
Description: Private profits and socialized losses. That’s how columnist Jen Gerson refers to the collapse of pension benefits for former Sears employees and the Ontario government’s response of a Pension Benefits Guarantee Fund. The Fund means the taxpayer steps in to guarantee a minimum level of pension benefits for underfunded pensions. Meanwhile, during better times, Sears… Read more »
Bitcoin Bubble?
Description: Bitcoin, perhaps the most widely known of the crypto-currencies, has been all over the map in terms of value, with many highs and lows over its relatively short life. But in recent days Bitcoin has been soaring in value, rising over $11,000 per unit last week. Despite this possible bubble, central bankers are providing… Read more »
Aerospace booming in Quebec
Description: Not that long ago Bombardier appeared in some trouble and was cutting staff. But this week Bombardier disclosed plans to hire 1,000 additional workers over the next 18 months. And it’s not just Bombardier with good news for Quebec workers. Aerospace Montreal, an industry promoter, predicted over 30,000 aerospace jobs would need to be… Read more »
Points card combo
Description: If you are a dedicated points saver, you are probably carrying an array of plastic cards in your wallet or apps or your phone to ensure you don’t miss out on opportunities to earn free stuff from participating merchants. This week you may have welcomed the announcement that Loblaws and Shoppers Drug Mart are… Read more »
Which way do you slice this one?
Description: Canada’s Competition Bureau has launched an investigation into alleged price-fixing in Canada’s bread industry. Experts appeared surprised by the news, given the recent deflationary trends in the bread and rolls category. But the investigation reportedly stretches back as far as 2001, so it will be interesting to see what emerges. Date: November 1, 2017… Read more »
Walmart workers worried?
Description: Retail is a very competitive industry, with companies perpetually seeking cost advantages over competitors. Walmart has often been seen as the leader in this respect, long renowned for its integration with suppliers and just in time deliveries. This week Walmart announced it would introduce a self-scanner for consumers to use in 22 of its… Read more »
Hope it still keeps good time
Description: In 1984, Paul Newman turned over his Rolex watch to his daughter’s college boyfriend, James Cox, all because Cox told Newman he didn’t have a watch when Newman asked him the time. The watch had been a gift from Newman’s wife, Joanne Woodward, during the filming of a 1960s race car movie. This past… Read more »
Sad day for Canadian Music
Description: It was a sad day for Canadian music on Wednesday as we found out about the death of Tragically Hip front-man Gord Downie. At only 53 years old he leaves behind a family, friends and many, many fans. He used his own experience with a brain tumor to raise awareness around a deadly form… Read more »
Big cash for Bombardier
Description: Bombardier Ltd is receiving a major infusion of money. In a bond issue that far exceeded expectations, interested purchasers snapped up $1.4 billion U.S. of Bombardier debt. The bond proceeds will be used to pay off two debt issues coming due in 2018, allowing Bombardier to have a bit of breathing room as it… 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