Comment on the ethics exhibited by amy

Assignment Help Accounting Basics
Reference no: EM132378040

Discussion 2: Chapter 4 Ethical Issue

All chapter discussions are 'post-first' discussions. That means, you must create and submit your own response (post) before you are able to see discussion posts from other students. Click create thread to type your response. You cannot edit or delete your response after you submit.

Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to $200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card.

Required: 1. Comment on the ethics exhibited by Amy and possible consequences of her actions.

2. How does the merchandising company account for the suits that Amy returns?

Reference no: EM132378040

Questions Cloud

Evaluate the financial performance of a company : Assess the key ratios for profitability, liquidity, and solvency used by financial analysts to evaluate the financial performance of a company.
Define the problem your company is facing : Using Microsoft Word, create a proposal that defines the problem your company is facing and how you will design your research to address the issue.
Define subsequent event and a subsequent discovery of facts : Discuss the difference between a subsequent event and a subsequent discovery of facts. Next, determine the auditor's responsibility for each event after.
Do you feel that third political party is reality in america : After watching the video, why do you think that such a high proportion of Americans are unhappy with the two-party system?
Comment on the ethics exhibited by amy : Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to.
Describe relationship between internal and external equity : Discuss the basic building blocks of developing a market competitive pay system, including the relationship between internal and external equity.
Should steps be taken to limit the amount of money : Do you think the Trump victory marked a major party realignment in America? A de-alignment? Or is it just a one-time thing? Explain.
Why should an employee have some understanding of costing : Why should an employee have some understanding of costing if they are not in the accounting department? Explain how the method of costing used will impact.
Do you think the codes need updating : Based on authoritative sources (including peer reviewed articles from the library, Fraud Examiners Manual, AICPA, etc), discuss the differences and similarities

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assume for 2013 that don made one transfer involving his

assume for 2013 that don made one transfer involving his grandson as follows don opened a joint checking account with

  Ethical requirements imposed on businesses

Reflect upon the ethical requirements imposed on businesses by the law and society. Sarbanes Oxley was enacted in response to widespread ethics violations. Do publicly traded companies owe ethical duties to their investors beyond making a profit? ..

  Ventura corporation purchased machinery on january 1 2009

ventura corporation purchased machinery on january 1 2009 for 630000. the company used the sum-of-the-years-digits

  Calculate the breaka-point associated with retained earnings

The Dempere Imports Company's EPS in 2011 was $3.00, and in 2006 tio was $1.80. Calculate the breaka-point associated with retained earnings

  Define the components of a good internal control system

Fraud experts often say that there are three primary factors that contribute to employee fraud. Identify the three factors and explain what is meant by each.

  Accrual basis income statement

Suppose, revenue shown on the accrual basis income statement was $200,000. Accounts receivable were $5,000 on January 1, 2008 and $3,000 on December 31, 2008.

  Using the following purchases journal

Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing

  Fireout inc manufactures steel cylinders and nozzles for

fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher

  Calculate the ratios in exhibit

Calculate the ratios in Exhibit 13.5 for which sufficient information is available. Round all calculations to two decimal places. Assume that you work in the loan department of a local bank. You have been asked to analyze the situation and recommend ..

  Formulate statement of stockholders equity

Formulate statement of stockholders' equity at the end of December

  Discuss the management control issues related to cash

Discuss the management control issues related to cash. You can focus on what types of internal controls are needed

  Net cash provided by operating activities

In 2010, Wild Corporation reported a net loss of $70,000. Wild's only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100. Compute Wild's net cash provided (used) by operating activities.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd