This website uses cookies to ensure you have the best experience. Learn more

This Is An Article Analysis Of Jack In The Box

721 words - 3 pages

The article I have chosen to summarize highlights the accounting practices of a San Diego--based company, Jack in the Box, Inc. (NYSE: JBX). In addition to summarizing the article, I will discuss how the concepts of the article relate to my organization The Platinum Company Inc., including, making recommendations for improvement for my organization based on the article. Lastly, explain the importance of ethics in accounting and financial decision making.Although Jack in the Box remained strong with widely varied menu items and unique marketing strategies through the E. coli disaster of 1993, the current economic slump in the fast food industry highlights serious controversy over the company's new growth strategy and accounting practices (Bauder). In this article, analysts are challenging the accounting practices of a San Diego-based company, Jack in the Box. In their 10-k report, Jack in the Box is listing franchise sales as "other revenues", which on paper triples their operation income to $9.1 million. David N. Allen of investment banking firm Caris & Co., questions this practice as the, "Selling of company assets to franchisees is not the same as selling a food product". He goes further saying that the company should separate operating earnings from non-operating income. Reporting gains from asset sales to franchisees is inappropriate. Jack in the Box countered this claim by stating that other fast food chains use the same accounting practices, which is consistent with GAAP (Generally Accepted Accounting Principles). In defense of Jack in the Box, Bud Leedom, senior analyst at Wells Fargo Securities believes that Jack's accounting technique is specifically disclosed to Wall Street and as such is not troubled by their practices. Yet, on the other hand, David Geraty of RBC Capital Markets points out that by employing this practice the company is simply compensating softer sales with gains for other revenues.Platinum Inc. is responsible for the preparation, integrity, and fair presentation of its published financial statements. For my organization, The Platinum Company, the corporation maintains a system of internal control over financial reporting which is designed to provide reasonable assurance to management and the Board of Directors regarding the preparation of reliable published financial statements. The financial...

Find Another Essay On This is an article analysis of Jack in the Box

Paradise Lost 2: Revelations - A Look Into The Terrifying World Of Justice This Article Is An In Depth Analysis Of The Movie Paradise Lost And Paradise Lost 2 Relevations

2284 words - 10 pages system of Arkansas. The fourth amendment protects the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures. These rights shall not be violated, and no warrants shall issued, but upon probable cause. This is supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized. (Mount, Article 1)The amendment was violated when

Business Ethics: Jack in the Box Fast Food Restaurant

1916 words - 8 pages INTRODUCTION Jack in the Box is an American fast food restaurant that first opened in San Diego, California in 1951. It’s owner, Robert Peterson, was a businessman who already operated other restaurants as well as a food-manufacturing facility that later became Foodmaker Inc., the parent company of Jack in the Box. An investment group converted Jack in the Box into a privately owned company in 1988, but it went public again in 1992

"Is This a Penis Metaphor?: An Analysis of Adolescent Sexuality in Buffy the Vampire Slayer"

4029 words - 16 pages control taught is abstinence. This is demonstrated in "Silver Ring Thing", a program which rewards teenagers who sign an abstinence vow with a silver ring, which "is worn as a symbol and reminder of the abstinence pledge,". Popular culture also promotes abstinence through the condemnation of sex. Talk shows such as Jerry Springer and Ricki Lake rarely, if ever, show positive outcomes from teenage intercourse. In contrast to this, there are the

Oral Interpretation: This is an interpretation using the book "On the road" by Jack kerouac

742 words - 3 pages That voice in the back of your head, does it drive you insane or have you come to control and silence it? Jack Kerouac didn't believe in silence of the mind. He stayed true to his own opinions, and didn't buy into all of the bull crap everyone else gets sucked into. He knew what reality meant to him, and that all that really mattered. On The Road is not considered the novel of the century only by critics, but also anyone who comes across his

This is an analysis of the meaning and significance of the first two scaffold scenes in The Scarlet Letter

959 words - 4 pages watching and waiting when Hester and Pearl arrive. Also, the times of day that the scenes occur in are different. In the first scene the narrator says that it is a summer morning and in the second scaffold scene the narrator comes right out and says, "It was an obscure night of early May." (129).The significance of the chapter is that it portrays that Dimmesdale is showing signs of weakness dealing with the fact that he is Pearl's father and isn't

Shooting an Imperialistic Elephant This is an article critique of George Orwell's Shooting an Elephant. It was submitted as an assignment for a course in English Writing

1113 words - 4 pages with an emotional dilemma of being stuck between his own personal hatred towards his employers and his loath for the jeering locals, who put effort into making his employment particularly difficult. Psychologically, the officer wants to be accepted by the Burmese for who he is. Ironically, this is not possible as in the bigger picture, one that is more relevant to the locals, he represents the evil imperialistic British empowerment. He can do

This essay is an analysis of the story the "Life in the Iron Mills" by Rebecca Harding Davis

1840 words - 7 pages street, have a foul vapor hanging to their reeking sides." This allows the reader to fully visualize the environment and setting of the story."Smoke everywhere A dirty canary chirps desolately in a cage beside me. Its dream of green fields and sunshine is a very old dream,--almost worn out, I think." This is one of the most powerful passages in the novella, preaching how the old way of life is dying, and the new way of the machine has started and

Analysis of the methaphor "Life is like a box of chocolates"

949 words - 4 pages 'Life is like a box of chocolates...'At first glance the quote 'life is like a box of chocolates seems' rather silly. How could such a large and complicated concept such as life be compared to something as small and simple as a box of chocolates? There have been two opposing viewpoints in regards to the meaning of this quote, and each viewpoint comes about by a different analysis of what life and chocolates represent as well as what they mean in

analysis of an magazine article

854 words - 4 pages the reader to say, as well as it is normal for them as it is used in everyday language, thus creating an informal and colloquial tone, which they are already used to. To conclude, the purpose of the magazine article is to create a fashion statement with its own rules and style of life. My aim was to entertain and inform readers using the required literacy devices. This goal was practically achieved through the target audience that proves the claim fashion has its own rules.

This essay is about Starry Night by Edvard Munch. It is an in depth analysis of this painting. It discusses the style, lighting, mood, and texture. This painting is at the Getty Museum

820 words - 3 pages differently according to his mood can make an end. In the vast distance, the land on the left side of the composition is barely visible and even further away, the land behind the large clump of trees is practically invisible unless it is meticulously observed. By this he produces an infinite ocean which does not necessarily mean that the viewer will not see the end of the water created by the shoreline in the distant land since it is the viewer who

This essay concentrates on the central issue of "siblings in conflict." It is an analysis of Tobias Wolff's "The Richer Brother." It has parenthentical documentation and is solid

1205 words - 5 pages The Measure of a ManAnd in this way, smiling, nodding to the music, he went another mile or so and pretended that he was not already slowing down, that he was not going to turn back, that he would be able to drive on like this alone, and have the right answer when his wife stood before him in the doorway of his home and asked, Where is he? Where is your brother?(Wolff 269)What is the measure of a rich man? Is it his material possessions, the

Similar Essays

Jack In The Box / Advertising With Citing

920 words - 4 pages least once in their life were under the age of 18. This sends the message that Jack in the Box is the ideal location for teenagers and drug abusers alike and that the food served there can help them with those late night or drug induced cravings. From Jack in the Box's point of view, I understand that teenagers and young adults are probably their biggest demographic customer. They are spending millions on advertising and want to ensure they

This Is An Article Analysis For An Economics Class. Examines The Us Economy And Inflation

627 words - 3 pages If someone earns a sum of money, and saves it rather than spends it, then, in no way can a person be losing wealth if not for inflation, which prompts the prices of all goods and services to rise. One may see this as a trend among businesses to maximize their profits. In reality, the root cause of the problem is not with businesspeople, but the Federal Reserve System continuously adding more money into the economy. The article I have chosen to

Process Premises: An Analysis Of The Ban The Box Campaign

751 words - 4 pages dropped or reduced, the initial public record is still available to haunt individuals. Employers and neighbors can see this charge and develop any sort of opinion they desire regardless the outcome. While culturally many people believe that previous acts of disobedience should forever hinder the parties who partook in these crimes. The Ban the Box campaign serves to show that further hindrance only hurts the productivity of society and the

In N Out Burger Vs Jack In The Box

884 words - 4 pages success of a restaurant is the working environment. The working environment is a huge difference between In-N-Out Burger and Jack in the Box. At In-N-Out no one can have facial hair, nails that are too long, or worn out clothing. Personal hygiene is an important role here. Employee’s can have long hair as long as it is maintained. No hair on the back of the neck and nails cannot be painted for women as for men they must be trimmed nicely. The