Solution-What consequence of telling president ofgross

What consequence of telling president ofgross miscalculation

Assignment Help Accounting Basics

Reference no: EM13888311

You are an accountant in the budgetary, projections, and special projects department of Fernetti Conductor, Inc., a large manufacturing company. The president, Richard Brown, asks you on very short notice to prepare some sales and income projections covering the next 2 years of the company's much heralded new product lines. He wants these projections for a series of speeches he is making while on a 2-week trip to eight East Coast brokerage firms. The president hopes to bolster Fernetti's stock sales and price.

You work 23 hours in 2 days to compile the projections, hand-deliver them to the president, and are swiftly but graciously thanked as he departs. A week later, you find time to go over some of your computations and discover a miscalculation that makes the projections grossly overstated. You quickly inquire about the president's itinerary and learn that he has made half of his speeches and has half yet to make. You are in a quandary as to what to do.

Instructions

(a) What are the consequences of telling the president of your gross miscalculations?

(b) What are the consequences of not telling the president of your gross miscalculations?

Reference no: EM13888311

Questions Cloud

What are the most common types of computer : What are the most common types of computer based information systems used in business organizations today? Give an example of each.

Provide a report - an industry perspective of cyber security : Brief introduction to the topic, stating clearly the name and credentials of the presenter and brief overview of what the lecture was about and then setting out the interesting aspects that you are going to be covering in more detail in your ..

What is m commerce? describe how it can be used : What is m commerce? Describe how it can be used.

What consequence of telling president ofgross miscalculation : What are the consequences of telling the president of your gross miscalculations? What are the consequences of not telling the president of your gross miscalculations?

Vertical spring of negligible mass and force constant : A 1.20 kg piece of cheese is placed on a vertical spring of negligible mass and force constant K = 1800 N/m that is compressed 15.0 cm. When the spring is released, how high does the cheese rise from an initial position?

Analyze the network protocols and security mechanisms : Analyze the network protocols and security mechanisms in wireless networks

Measured using the level-five evaluation criteria : The aim of reading notes is to help you read critically and actively - to be engaged in the work. You will find this tool essential in graduate school so it is here we begin the habit. The reading notes will be measured using the level-five evaluatio..

Design an integrated marketing communications program : 1.Design an integrated marketing communications program using each of the five promotional elements for Rhapsody, the online music service.

User Account

All Pages

What consequence of telling president ofgross miscalculation

Reference no: EM13888311

Reference no: EM13888311

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT