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 »

End of an Era

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

A slice of Americana is about to “leave the stage.” For those of you who are too young to remember, Howard Johnson is not an old movie star. It was a bustling restaurant chain across the U.S. Sadly, the last of two remaining Howard Johnson restaurants will close on Sep. 6, making it the end… Read more »

Be sure to remember your server!

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

According to the Washington Post, after a change in tax rules last year, the auto-gratuity added to the bill of large parties at restaurants is on its way out. Questions: 1. What is the new rule that the Internal Revenue Service imposed on restaurants that led to this change? 2. How does this change lead… Read more »