EdCo, Inc.
00:00 - 02:43
2m 43s

The Eds start a business called EdCo and hire employees. The employees find out they're not being paid and leave the company immediately. This clip shows the critical nature of timely and accurate payroll.

Comments

Please sign in to write a comment.
Video Transcript

Related Clips

Norma Rae is a textile factory worker who became involved in labor union activities after the health of her co-workers was put in jeapordy. She refuses to leave work and rallies her co-workers to go on strike and form a union. After she successfully gets every co-worker to stop working, the factory managers intervene and send her to jail in a police car. This is a great clip to use when teaching about the importance of a Triple Bottom Line (People-Profit-Planet) in business, which goes beyond the profit motive.
Rachel receives her first paycheck and is excited. When she reads the check, she is disappointed in how much she has earned. She asks about FICA and why it's taking so much of her money.
Oscar presents the fiscal year budget to Michael and states that they need to spend their surplus; otherwise, the surplus will be cut from the budget next year. Michael doesn't quite follow, so Oscar explains what a surplus is and uses a lemonade stand example to help him understand the concept.
Christian Woolf consults a couple on what to do about their dire financial situation. During the conversation, he learns that Rita Blackburn makes necklaces at home and sells them. Christian realizes that they can claim a home-based business and receive a tax deduction through the IRS' Home Office Deduction.
A chartered accountant seeks career advice from a vocational guidance counselor. He is looking for a new, exciting career with growth opportunities. He mentions that he would like to be a lion tamer, and the counselor asks about his experience. The ensuing conversation reveals that he does not actually know what a lion is and mistakes it for an anteater.