thursday Feb 21 2013
WMT reported earnings this week. We study e/s in ACCT 3312. this article is a good example of why that calculation is important. What factors have impacted WMT earnings this past month? Would you have expected that?
The answer is that the return to the normal payroll tax rate on Social Security pinched the pockets of enough WMT shoppers that they bought less. This is a good example of how Washington DC Central Planning usually backfires. Supposedly the Administration is helping poor people with its various schemes, well not htis month, just as WMT.