User Account

All Pages

What violation of ethics has occurred

Assignment Help Managerial Accounting
Reference no: EM132958338

Question - You are the head of the Accounting Department in a medium size company. The company has experienced a decline in sales in the current year and facing a net loss. Near the end of the business year, in an attempt to increase/boost profits, top company executives ask you to initiate and document the shipment of a large portion of company inventory to another company in a distant city.

You are to record the shipment as a sale, even though you know that the other company will return the inventory shortly after the year end.

1. What violation of ethics has occurred?

2. What ethical dilemma do you face- if you agree to the proposed plan?

3. What result might occur if you refuse to go along with the plan?

4. What would you do?

5. Assume it is a public company? Assume it is a private company? Would your response be different?

Reference no: EM132958338

Questions Cloud

How many units the worker can produce per day : Workers' work elements are internal (overlapping). Determine: a) how many units the worker can produce per day under Am=22%;
What is the dividend yield and total percentage return : What is the dividend yield and total percentage return? Let's say you bought the stock at $83.95 and you sold the stock at $98.05 at the end of the year.
What would be the expected return on the stock : What would be the expected return on the stock if the expected market return increased to 22.00% while the risk-free rate and beta remained unchanged
What amount should ultra report as cost of goods sold : Determine the value of its inventory. What amount should Ultra report as cost of goods sold on its income statement for the month of January?
What violation of ethics has occurred : What violation of ethics has occurred? Assume it is a public company? Assume it is a private company? Would your response be different
How glenelg accounting services should recognise the event : How Glenelg Accounting Services should recognise this event, justifying your answer by reference to relevant conceptual framework definitions
Find the tax paid on gain on disposal : Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $4,694. Find the tax paid on gain on disposal
Compute if the business outlined is a reporting entity : Compute if the business outlined above is a Reporting Entity, stating the criteria (factors) used and your reasons. Also provide a conclusion.
Determine if the business outlined is a reporting entity : Determine if the business outlined above is a Reporting Entity, stating the criteria (factors) used and your reasons. Also provide a conclusion.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate lowest price division a would be willing to accept

Calculate the benefit to Division A in selling to Division B the 22,500 units. Calculate lowest price Division A would be willing to accept.

  What is the unit product cost

In 2014 the company produced 1,000 pairs of cowboy boots and sold 900 pairs. What is the unit product cost for 2014 and 2015 under variable costing

  What is the variable overhead static budget variance

What is the Variable Overhead Static Budget Variance? HSS Company provides security services to senior executives of prominent

  Compute the unit costs for materials costs

Find the unit costs for materials costs. Production costs chargeable to the Sanding Department in July for Recycled Art are $20,000.

  How the absence of internal control can increase likelihood

Describe FOUR internal control procedures appropriate for his business that Tim must establish to protect himself against fraud and misappropriation

  What is honda heaven inventoriable cost per box

Honda Heaven produces and sells an auto part for $20.00 per unit. What is Honda Heaven's inventoriable cost per box using absorption costing?

  Journalize the adjusting entries that were made on july

Journalize (a) the July transactions and (b) the adjusting entries that were made on July 31. (Hint: July transactions were for cash.)

  What was the cost of goods manufactured for the month

Last month a manufacturing company had the following operating results. What was the cost of goods manufactured for the month?

  How much would profit increase

How much would profit increase if 5 more assembly hours were available at the regular hourly wage for assembly workers?

  Why company recently been able to reduce inventory leve

For which of the following reasons explains why companies have recently been able to reduce inventory levels? Which of the following is a 'mixed cost'?

  What is the approximate estimated sales

What's the approximate estimated Sales % Growth for the upcoming period if there will likely be 30 days out of 365 in lockdown, population is expected

  What are two types of standard costs that amazon might use

What are 2 types of standard costs that Amazon might use? What are the types of direct and overhead variances Amazon might encounter?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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