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The new minimum wage may mean higher prices for consumers as companies pay for higher payroll costs.

Source: CNNMoney – video report

Date: 7/24/2009

Keys: Budgeting, cash flow, expenses, working capital

Link: http://money.cnn.com

Questions for discussion:

  • How might management of the food store respond to the rise in the minimum wage? Rank your choices starting with the best one.
  • As the financial manager responsible, what would you do to adjust to this increase cost to your operations?
  • Which financial documents would be affected by this particular cost change?

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