Stanford Graduate School of Business (USA)
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Sticks and Stones? How Companies Respond to "Tax Shaming"
DeSimone, L; Hoopes, H; Lester, R; Melvin, SCase SGSB-A226-EAccounting and ControlAn increasing number of global corporations have experienced negative publicity over complicated tax structures established to minimize their tax burdens. In the case of U.S. companies, there has been a growing outcry over “inversions,” a means of restructuring the business so that the U.S. parent was replaced by a foreign parent entity in a nation with lower corporate tax rates. Apple CEO Tim Cook was called to testify regarding Apple’s tax st...Starting at €8.20
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Etsy: Keeping it Real by Keeping Taxes Low
de, Simone, L; Hoopes, J; Lester, R; Melvin, SCase SGSB-A227-EAccounting and ControlEtsy was an online craft bazaar founded in 2005 in a loft in Brooklyn, New York. The company was known for its emphasis on social responsibility, transparency, authenticity, and its somewhat nontraditional approach to business. In January 2015, Etsy converted its Irish subsidiary to an unlimited liability company, a move it described as implementation of an “updated global corporate structure.” In a subsequent U.S. Securities and Exchange Commis...Starting at €8.20
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Sears: A Struggle for Survival
Anupam Mehta; Sanchit Taneja; Utkarsh GoyalCase IVEY-9B19B008-EAccounting and Control, StrategyOn January 20, 2017, Moody’s Investors Service, an American credit rating agency, downgraded the Corporate Family Rating for Sears Holdings Corporation from Caa1 to Caa2, stating that the company did not have enough money to stay in business and was relyiStarting at €8.20
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Grand River University Water Buffalos: Activity-Based Costing of University Sports
Kun Huo; Ian BurtCase IVEY-9B18B022-EAccounting and ControlOn April 30, 2018, the athletic director of Grand River University was drafting a plan for his department to be reviewed by the school’s board of trustees. Grand River University was a small university supporting several varsity sports teams that competed regionally and nationally. The men’s hockey, men’s basketball, and women’s basketball programs had struggled in recent years. In fact, the women’s hockey program had been cut several years earli...Starting at €8.20
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Gift Card Capital: Credit and Cash Flow Evaluation
Sybil Yang; Gordon PotterCase IVEY-9B20B007-EAccounting and Control, EntrepreneurshipThe United States had recently experienced a recession, and a credit analyst with Gift Card Capital Inc. (GCC) needed to financially evaluate two troubled restaurant chains. GCC's unusual business model involved offering capital financing in exchange forStarting at €8.20
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Revenue Maximization: Apartment Rental Units
Karen Shastri; Steven OnaitisExercise IVEY-9B17B003-EAccounting and Control, EntrepreneurshipIn the summer of 2016, a real estate investment company was planning management and budgeting for apartment rental units in Pittsburgh, Pennsylvania, a U.S. city with a large student population. The company needed to determine the various unit agreement terms—by year, by semester (fall, spring, and summer), and by month—using software to find optimal rents. Using Excel’s Solver tool, the optimal rents needed to be determined and incorporated into...Starting at €8.20
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Maxim Off Highway Axle Business: An Acquisition Opportunity (B)
Mary Gillett; Mark A. HeiszCase IVEY-9B12B033-EAccounting and Control, FinanceThis case is a supplement to Maxim Off Highway Axle Business: An Acquisition Opportunity (A).Starting at €5.74
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Depreciation at Deutsche Lufthansa AG
Anne Beyer, Jaclyn ForoughiCase SGSB-A224-EAccounting and ControlAs one of the most highly capital-intensive industries, airlines require a substantial investment in physical assets to fund operations. These assets, characterized by property, plant, and equipment (PP&E) on the balance sheet, typically comprise more than half of the total assets of an airline. As a result, depreciation of these assets constitutes a major operating expense. Although methods and estimates used for determining depreciation expe...Starting at €8.20
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Exercise 1: Business Characteristics and Financial Statement Relationships
Maureen McNichols, Jaclyn ForoughiCase SGSB-A211-EAccounting and ControlEffective financial statement analysis requires an understanding of a firm’s economic characteristics. The relations between various financial statement items provide evidence of many of these economic characteristics. This case presents the “common-size” condensed annual (2012) balance sheet and income statements for five firms in the Software and Services industry, a subset of the Information Technology sector, and four firms in the Retailing...Starting at €8.20
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Exercise 1: Business Characteristics and Financial Statement Relationships - Teaching Note
Maureen McNichols, Jaclyn ForoughiTeaching Note SGSB-A211TN-EAccounting and ControlEffective financial statement analysis requires an understanding of a firm’s economic characteristics. The relations between various financial statement items provide evidence of many of these economic characteristics. This case presents the “common-size” condensed annual (2012) balance sheet and income statements for five firms in the Software and Services industry, a subset of the Information Technology sector, and four firms in the Retailing...Starting at €0.00