What’s a San Francisco restaurant without labor? Closed…..

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Guardian, even hiking the minimum wage to $15 an hour and requiring health benefits, as San Francisco has done, hasn’t been enough to maintain a healthy heartbeat in the restaurant industry labor market, because the median price for a San Francisco rental is $4,550. Questions: 1. In the article, Gwyneth Borden, executive… Read more »

Maybe This Will Catch On?

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

Complaining of low profit margins that generally accompany inexpensive menu items, most fast-food restaurants try to keep wages down. However, some fast food chains are seeing the benefit in paying employees above minimum wage and even above the median hourly wage for fast-food workers nationwide of $8.83, because it allows their workers to opportunities to… Read more »

The Largest Jury Award in the History of the EOE

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

This article presents a “Dickensian” story about Atalissa, Iowa and the largest jury award in the history of the Equal Employment Opportunity Commission. Questions: 1. What was the amount of the awarded damages? Why was the amount reduced? 2. If or when Henry’s Turkey Service pays the judgment for damages and back pay, how would… Read more »