Results from a recent Gallup poll survey conclude that only six
percent of men now wear neckties to work every day. Sales of
these ties in the U.S. have dipped to $677.7 million annually,
down from a high of $1.3 billion in 1995. Certainly, there are
pros and cons associated with this cultural shift.
There's debate in the necktie world as to the origin of the
necktie. Whether it started in China in the B.C. timeframe or
it began in the early 1900's by tie manufacturer Jesse
Langsdorf as some have suggested, I suppose it really doesn't
matter. Regardless, accounting kicks in with a bit of a zero-
sum game: fewer neckties sold, more golf shirts sold. Enjoy
the rest of your summer.
Executive Director of Financial Aid
Fort Lauderdale, Florida/ Chicago, Illinois
Pepperidge Farm Incorporated
Aiken, South Carolina
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Financial Reporting Blog
SEC Votes To Release Interp Guidance On Use of Corp Websites
At its open commission meeting earlier today (July 30), the SEC
voted to issue guidance in an Interpretive Release on the use
of company websites for disclosures to investors....
The Exuberant Accountant
The newest CPA firm blog is that of Scott Heintzelman (CPA,
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Alex Vuchnich, CPA, CFE:
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