Explain what potential consequences for veronica

Assignment Help Accounting Basics
Reference no: EM132759595

Unintended Consequences

  • Veronica Betterman, a fifth-year accounting major at Anywhere University, wakes up in a cold sweat. Like many accounting majors, Veronica did an internship in public accounting the previous spring resulting in a full-time job offer with Anywhere CPAs to start after she graduates this spring which she readily accepted.
  • Now in her fifth and final year, Veronica decided she wanted to see what other job opportunities might be out there. So, she went through her university's career fair just two weeks before and was invited to participate in six on-campus interviews. Five of those potential employers then invited her to their offices for another round of interviews. She received full time job offers from four of the five and has yet to hear from the last. Her deadline for deciding on the first of those offers is two days away and she does not know what to do.
  • While everyone tells her that she should be excited, she is not. She is scared. Worried she may make the wrong decision, she seeks advice from her academic advisor. Her advisor listens to Veronica's dilemma and to Veronica's surprise the advisor tells her that she should never have gone through the career fair, done any of those recent interviews or be contemplating anything other than starting at the firm she interned with.
  • The advisor stated that she has made a commitment with that company that she has to honor. To do otherwise would be a breach of ethics and is not only an indication of a lack of integrity on Veronica's part, but could cause irreparable harm to the university. He requests that Veronica meet with him again the next day after she prepares a list of all the potential consequences that could happen (to her, the internship program, the other employers, the university, other students) should she take a job with one of the other potential employers.
  • Veronica gets out of bed, opens up her laptop, and starts working on the list of consequences.

Problem 1: What potential consequences are there for Veronica, the internship program, the other employers, the university, and other students should Veronica not honor her commitment?

Problem 2: Analyze Veronica's actions using the Six Pillars of Character. What do Veronica's actions tell you about her character? Do you think her advisor handled the situation appropriately?

Problem 3: Assume Anywhere CPAs is in an "employment-at-will" state, which allow employers to fire an employee under most circumstances and this law is generally applied to employer rescinded job offers as well. Should that affect Veronica's decision to take a job with one of the other potential employers? Why or why not?

Problem 4: If Veronica decided to accept one of those other job offers, and that employer subsequently learned about her backing out of her previous commitment, how might they react?

Reference no: EM132759595

Questions Cloud

Journalize the entry to record the flow of labor costs : Almerinda Company accumulated 20,000 hours of direct labor costs on Job 50 and 24,000 hours on Job 51. Journalize the entry to record the flow of labor costs
How might a public health nurse use the web site : How might a Public Health Nurse use this web site? In what way (s) would the Public Health Nurse know whether these Interventions are based in evidence- based.
What is the value of the capital in excess of par account : The firm just announced a 50% (large) stock dividend. What is the value of the capital in excess of par account after the dividend?
Journalize the entry on april to record the purchase : Journalize the entry on April 6 to record the purchase and on April 21 to record the requisition from the materials storeroom
Explain what potential consequences for veronica : Explain What potential consequences for Veronica, the internship program, the other employers, the university, and other students should Veronica.
Business enterprise software performs at acceptable level : Describing your user acceptance testing plans for ensuring the Business Enterprise Software performs at an acceptable level.
What is the factory overhead applied to this job : A company estimated $420,000 of factory overhead cost and 16,000 direct labor hours for the period. What is the factory overhead applied to this job
Discussion about the pre-marriage genetic testing : In your initial post, state whether or not you believe it's appropriate for states to require pre-marriage genetic testing. Explain your reasoning and support.
Determine Mad-Fly estimated predetermined overhead rate : The Mad-Fly Agency provides consulting services to a variety of clients across the country. Determine Mad-Fly estimated predetermined overhead rate

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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