Publicly Traded Jack in the Box

Christina Banning | Accounting 230 | August 13, 2012

Christina Banning | Accounting 230 | August 13, 2012

Publicly Traded:

Jack in the box

Publicly Traded:

Jack in the box

Introduction

The publicly traded company I have chosen is the fast food franchise Jack in the Box. In the retail-restaurant industry of 151 companies, Jack in the box is rated number fifteen. Jack in the Box has systematic ways of being able to communicate to different franchises and track financial reports. I will be talking about Jack in the Box’s accounting information system, what their goals are, and their support and services they provide.

Accounting Information Systems

Jack in the box uses touch screen point of sale systems to take orders. Touch point of sale system gives Jack in the Box, Inc. an advanced accounting system. The point of sales system is designed by working closely with the owners and operators.

Jack in the Box’s sales are entered with a touch screen monitor at the point of sale terminal. In return, increases the speed with which the transactions occur and decreases the wasted time looking for documents. Sales that are entered on the computer, are printed onto a receipt.

The point of sale system allows Jack in the Box to keep accurate inventory and them plan their purchasing to have the right products on hand. The system also tracks product shelf life to ensure they do not sale the out dated products. Printed bar codes that the point of sale software uses, allows Jack in the Box products to be clearly labeled and easily read by a bar code scanner. This results in an optimal point of sale environment.

Management information systems include applications that help the restaurants operations. The satellite communication network can receive and send out information to and from each restaurants.

Stock Market

Jack in the Box’s shares are at the selling point of twenty-five dollars and fifty-six cents and are a part of the NASDAQ exchange. They are held by eight mutual funds and...