Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jacquie Boynton was just hired as the assistant treasurer of Key West Stores. The company is a specialty chain store with nine retail stores concentrated in one metropolitan area. Among other things, the payment of all invoices is centralized in one of the departments Jacquie will manage. Her primary responsibility is to maintain the company's high credit rating by paying all bills when due and to take advantage of all cash discounts.
Phelan Carter, the former assistant treasurer who has been promoted to treasurer, is training Jacquie in her new duties. He instructs Jacquie that she is to continue the practice of preparing all checks "net of discount" and dating the checks the last day of the discount period. "But," Phelan continues, "we always hold the checks at least 4 days beyond the discount period before mailing them. That way, we get another 4 days of interest on our money. Most of our creditors need our business and don't complain. And, if they scream about our missing the discount period, we blame it on the mail room or the post office. We've only lost one discount out of every hundred we take that way. I think everybody does it. By the way, welcome to our team!"
Instructions:
Problem (a) What are the ethical considerations in this case?
Problem (b) Who are the stakeholders that are harmed or benefited in this situation?
Problem (c) Should Jacquie continue the practice started by Phelan? Does she have any choice?
How did the insistence of regulators of depository institutions to raise their capital ratios ultimately impact their degree of operating and financial leverage?
Which regarding term loans and corporate bonds is true? it is not possible for a term loan lender to get an equity position with the borrowing firm
The management of South Texas Tourism Co. is considering two capital investment projects. The estimated Net Cash Flows from each project are as follows: Determine the Internal Rate of Return for each project by computing the Net present Value of an A..
After realizing P 37,000 cash from all non-cash assets and paying all liabilities amounting to P 12,000, Find the loss on realization of the non-cash assets
The following T-accounts represent November activity.- Overhead is applied at the rate of 150 percent of direct labor cost.- Complete the T-accounts.
Monty company has identified that the cost of a new computer will be $48000, If depreciation expense is %5000 a year, the cash payback period is
Discuss the main differences between deduction for AGI and deduction from AGI. Which deductions do the taxpayers prefer? Provide the suitable example.
Equipment cost was $120,000, salvage value estimated at 20,000. Depreciated under the straight-line method. Cash received was $28,000.
What are Morgan Company's Total Current Assets and Total Current Liabilities? The account balances were listed on the trial balance of Morgan Company
essay type question based on adequate disclosure.adequate disclosureanbspbriefly explain what is meant by the principle
the only other debt outstanding during the year was a $1,000,000, 10-year, 9% note payable dated January 1, 2006. What is amount of interest that should be capitalized by Bass during 2012?
Prepare the journal entry regarding the purchase and retirement of the own shares on March 1, 2019 and Calculate purchases of silver powder in 2019
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd