Reference no: EM132701042
Question - Purchase of Materials for Personal Use
Smith Manufacturing Company allows employees to purchase materials, such as metal and limber, for personal use at a price equal to the company's cost. To purchase materials, an employee must do a materials requisition form, which must then be approved by the employee's immediate supervisor. Brian, an assistant cost accountant, then charges the employee an amount based on Smith's net purchase cost.
Brian is in the process of replacing a deck on his home and has requisitioned lumbar for personal use, which has been approved in accordance with company policy. In computing the cost of the lumber, Brian reviewed all the purchase invoices for the past year. He then used the lowest price to compute the amount due to the company for the lumber.
The Institute of Management Accountants (IMA) is the professional organization for managerial accountants. The IMA has established four principles of ethical conduct for its members:
1. Honesty
2. Fairness
3. Objectivity
4. Responsibility
Using the IMA's four principles of ethical conduct, evaluate Brian's behavior. Has he acted in an ethical manner? Why or Why not? Provide examples.
|
Explain the operation of a simple battery
: Explain the reasons that some materials are strong conductors of electricity while others are weak or non-conductors. Build a simple battery
|
|
What emotions were triggered
: What emotions were triggered when you watched both episodes? If so, what language was used to incite these emotions?
|
|
How much Baltimore Company should report for its investment
: Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018
|
|
Leveraged cloud computing technologies
: For this project, select an organization that has leveraged Cloud Computing technologies in an attempt to improve profitability
|
|
Question - Purchase of Materials for Personal Use
: Purchase of Materials for Personal Use - Using the IMA's four principles of ethical conduct, evaluate Brian's behavior. Has he acted in an ethical manner
|
|
Prepare Shamrock entry to record depreciation expense
: Shamrock Company purchased a computer system for $78,800 on January 1, 2019. Prepare Shamrock's entry to record 2021 depreciation expense
|
|
Capstone project
: Now that you have finished your capstone project, reflect on its function, purpose, and success with your classmates.
|
|
Determine the allocation of income at the end
: On January 2, 2018, Jeffrey invests $37,000 cash for a 20 percent interest in the partnership. Determine the allocation of income at the end of 2018
|
|
Recent aerodynamic innovations
: Create the topical research paper using current and timely peer-reviewed articles to evaluate the advantages and disadvantages of recent aerodynamic innovations
|