How would you like a Big Raise?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Financial Accounting, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

Dan Price, the founder of Gravity Systems—a credit card processing company based in Washington—shocked his employees by raising the minimum wage to $70,000 over the next three years. Questions: 1. What percentage raise will that be based on the average wage now? 2. Where did Dan get the idea? 3. Do you think that his… Read more »